Author: Euronews

It’s been dubbed a “green failure”… Multiple social media users and certain tabloids have been sharing the news that Oslo’s new fleet of electric buses has all stopped working due to freezing temperatures. But what really happened? ADVERTISEMENTIs Oslo, one of the world’s leading green cities in terms of emissions, currently at a standstill because all of its electric buses have broken down? Let’s take a look. Allegedly, cold weather in Norway is severely affecting the vehicles’ range and battery life, according to multiple social media users and international tabloids.”The cold has paralysed the new electric bus fleet in Oslo. That’s millions…

The opinions expressed in this article are those of the author and do not represent in any way the editorial position of Euronews. Technology shouldn’t make us feel worse; it’s supposed to improve our lives, Arto Vahvanen writes. ADVERTISEMENTMost workplace tech isn’t helpful. Here are three ways to make office technology work for us, not against us.As employees return to the workplace — and companies remodel offices at a scale never seen before — an unprecedented opportunity to rethink office technology is upon us.Many CTOs are seizing the moment by infusing the office with vast amounts of new tech. In the…

Every January, most of us pledge to work on ourselves. Some try to abstain from alcohol for the month. But does Dry January make us healthier? ADVERTISEMENTYour social media is probably flooded with self-improvement posts right now. Maybe even a couple of announcements from loved ones saying they’re staying sober for the whole month of January. Around the world, the tradition is growing in popularity. In the UK, where the campaign started in 2013, more than 8.5 million people said they planned to stay off the booze for a month this year, according to a poll run by Alcohol Change UK. In 2013, only…

As 2024 unfolds, the euro faces a complex landscape marked by political shifts and economic challenges. Key events include parliamentary and presidential elections in several Eurozone countries, while challenges include global conflicts, fiscal tightening and inflation concerns. ADVERTISEMENTAfter enduring two consecutive years of depreciation, the euro has rebounded in 2023, boasting a 3% gain against the dollar. As the single currency enters 2024, it faces a landscape rife with economic and political events, along with challenges that could shape its trajectory in the coming months.Political elections and shifting dynamics2024 is packed with significant political events across the Eurozone. Austria, Belgium,…

The prospect of a radical rightward shift in the summer’s Europe-wide polls has centrist and left-wing legislators pushing hard to get policy through. ADVERTISEMENTWith the European elections less than six months away, the European Parliament is set to add more voting sessions to its monthly plenaries in order to push through more legislation before Europeans go to the polls. The EU elections will be held 6-9 June this year, and the current EU Parliament’s last plenary session in Strasbourg will be 22-25 April. Adding extra voting sessions means the current parliament can speed up discussions with the Council of the…

The opinions expressed in this article are those of the author and do not represent in any way the editorial position of Euronews. Will the minimum tax raise hundreds of billions in revenue and end tax competition? At best, it’s uncertain; at worst, it’s unlikely, Daniel Bunn writes. ADVERTISEMENTImplementation of the global minimum tax is looming, and governments and businesses are starting to see it for what it is: a weak, if not empty, promise. Starting 1 January, several dozen jurisdictions will begin levying top-up taxes on large multinational companies that pay an effective tax rate of less than 15%. But will…

The European Union on Wednesday added Russian company PJSC Alrosa, the world’s biggest diamond producer, and its CEO Pavel Alekseevich Marinychev to its sanctions list. ADVERTISEMENTPJSC Alrosa, which is owned by the Russian state, accounts for over 90% of all Russian diamond production, representing a highly valuable revenue stream for the Kremlin.The EU said Wednesday that Alrosa and its CEO Marinychev had been added to the list of sanctioned persons and entities for “actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine.””The company constitutes an important part of an economic sector that is providing substantial revenue to…

Turkey’s inflation jumped to its highest level since November 2022, driven by higher housing and utilities prices ADVERTISEMENTTurkey’s year-on-year inflation report for December 2023 came out today (3 January), clocking in at 64.8%, the highest since November 2022 and a step up from the last month’s 62%. However, this was below analyst estimates of 65.1%. Core inflation also hit 70.6%, the highest since 2004, up from 69.9% in the previous month.This was mainly due to increases in transportation prices, which rose 77% in December, up from 70% in November, as well as housing and utilities prices, which rose to 40.4%…

Once a key partner for the European Union in fighting irregular migration, July’s coup d’état in Niger has put that partnership at risk, with the military junta repealing a key anti-trafficking law in response to EU sanctions. ADVERTISEMENTAn anti-trafficking law, passed in 2015 but repealed last November just months after the junta’s military takeover, had hugely reduced migrant traffic through the city of Agadez – Niger’s fifth largest city – into the Sahara desert.In July last year, Niger’s presidential guard detained the president, Mohamed Bazoum, citing a “deteriorating security situation and bad governance.” Neighbouring countries Mali and Burkina Faso – which…

Euronews Business looks at LexisNexis Risk’s assessment of the top trends for financial crime compliance that are likely to emerge this year ADVERTISEMENTFinancial crime compliance has become all the more important amid geopolitical upheaval caused by the ongoing Russia-Ukraine and Israel-Hamas conflicts. This has led to increased worries and speculation about the rise of money laundering rings and other financial crime rackets used to fund these wars.The rise of cybercrime has also been a concerning feature of both conflicts, especially related to hacking and spreading disinformation. Cybercrime is expected to soar to cost the world about $9.5 trillion (€8.67 trillion)…