Author: Euronews

Tesco has increased its profit guidance following better-than-expected Christmas sales due to exceptionally strong fresh food sale volumes. ADVERTISEMENTThe news came as Tesco released its Q3 and Christmas trading statement on Thursday. The period covers the 13 weeks to 25 November, while Christmas sales refer to the six weeks up to 6 January 2024.The UK supermarket chain reported strong Christmas sales, following price cuts on almost 2,700 products. This was primarily due to exceptionally robust fresh food sales, which saw particularly strong volumes.The company also offered promotions and guarantees such as Low Everyday Prices, Aldi Price Match and Clubcard Prices.Christmas sales…

On social media, calls have been increasing to stop buying goods and services from Israel. But are they based on facts? ADVERTISEMENTMultiple social media posts claim to show how to identify products coming from Israel.These posts explain that if the barcode starts with the number 729, 841, or 871, these products have been manufactured in Israel.Many of these posts ask their followers to avoid buying any of these items to show support for Palestine.Another campaign on the social media platforms TikTok and also X, claims the boycott of products starting with the number 729 has caused Israel to change its…

Tech giants have been increasingly laying off their employees, reaching a peak in January of last year. With Google now announcing hundreds of job cuts, what is the tech market outlook for 2024? ADVERTISEMENTGoogle has laid off hundreds of employees in hardware, voice assistance, and engineering as it continues to cut costs.”Throughout second-half of 2023, a number of our teams made changes to become more efficient and work better, and to align their resources to their biggest product priorities,” a spokesperson for Google told Reuters in a statement.”Some teams are continuing to make these kinds of organisational changes, which include some role eliminations…

Taylor Swift might be spared of a cruel summer after all: the European Commission is planning to enlist the help of other music artists to mobilise young voters ahead of this year’s EU elections. ADVERTISEMENTRosalía, Måneskin, Angèle and Stromae are at the top of the wish-list of names that Brussels intends to contact in the upcoming days, Euronews has exclusively learned.Other music artists, as well as athletes and football players deemed to have sufficient popular appeal, will also be approached through their media representatives, said an EU official with knowledge of the process.The selection of Europe-born celebrities will attempt to have a geographical balance…

London Mayor Sadiq Khan calls on the UK government to “urgently build a closer relationship with the EU” after a new report reveals how much the UK economy is losing after leaving the EU. ADVERTISEMENTBritain’s departure from the European Union has cost its economy some £140 billion (€162.87 billion) so far, with an economic output of 6% less than if the UK had remained in the EU, according to a report by Cambridge Econometrics.The report was commissioned for City Hall by London’s mayor, Sadiq Khan, a member of the opposition Labour Party which voted against Brexit in 2016.In a keynote address to London’s political…

The first hearing in a landmark lawsuit against Israel enters its second day on Friday at the Hague-based International Court of Justice (ICJ). ADVERTISEMENTThe case, filed to the top UN court by South Africa last month, claims Israel’s siege of Gaza amounts to genocide and breaches the post-Holocaust 1948 Genocide Convention.The Convention gives party countries, which include both Israel and South Africa, the collective right to prevent and stop crimes of genocide. Such crimes are defined as acts “committed with intent to destroy, in whole or in part, a national, ethnic, racial or religious group.”The high-stakes legal battle marks the…

The Greek government has announced fresh measures to keep prices in check as it accuses businesses of taking advantage of high inflation. ADVERTISEMENTGreece’s centre-right government has announced new measures to tackle the high prices of food, household and baby products, accusing multinational companies of imposing unjustifiably high prices on the country’s consumers.Some of the measures include price cuts on basic items such as fruit and vegetables, toothpaste, shampoo and home cleaning products.One of the government’s initiatives will be to impose a cap on the gross profit margin of companies producing baby milk powder.The 7% profit cap on baby formula will…

Brussels wants to launch a bespoke EU mission to protect commercial vessels in the Red Sea from attacks by Iran-backed Houthi rebels. ADVERTISEMENTIn a document dated January 10 and seen by Euronews, the EU’s diplomatic service proposes sending “at least three” warships with “multi mission capabilities” to the region as early as next month.The document recommends the “fast-tracking implementation” of an operation mandated to act “from the Red Sea to the Gulf,” in order to protect maritime security in a region plagued by instability in recent weeks.Since the outbreak of the Israel-Hamas war, a raft of drone and rocket attacks in the…

Trade in the Red Sea has significantly reduced ever since the start of the Houthi conflict and could still be several months away from returning to normal levels. ADVERTISEMENTGlobal maritime trade has been facing a major setback from the increasing attacks on the Red Sea, halving the number of containers shipped in the area in December and leaving a serious impact on global trade in recent months. The Red Sea conflict, mainly driven by the Iran-backed Yemeni Houthi rebels protesting at Israel’s actions in Gaza, is continuing to heat up, with several more attacks on commercial ships from various countries.A number…

A cross-party coalition of 120 Members of the European Parliament demand Hungary be stripped of its voting rights over the country’s democratic backsliding and Viktor Orbán’s “unacceptable” use of veto power. ADVERTISEMENT”We believe that this action is necessary to protect the values of the European Union,” the lawmakers say in a letter sent on Friday to the Parliament’s president, Roberta Metsola.The text cites two main reasons to defend the unprecedented step: Hungary’s continued democratic backsliding, a recurring cause of concern in Brussels, and Orbán’s controversial role in the EU summit of December.The Hungarian premier infuriated his fellow leaders when he made…