Author: Euronews

Elon Musk may not be sitting too long on top of the world’s biggest electric car empire. ADVERTISEMENTChinese automaker BYD calls itself ‘the biggest car brand you’ve never heard of,’ yet they are on the verge of surpassing Tesla in global sales, according to a new report.Although BYD is one of the world’s largest electrical vehicle (EV) manufacturers, the brand is not widely known among European car buyers. However, this might soon change, given BYD’s strong sales performance in two crucial European markets, Germany and Sweden. The company has also announced the opening of its first European EV factory in Hungary.Meanwhile, BYD has…

The opinions expressed in this article are those of the author and do not represent in any way the editorial position of Euronews. The extraordinary nature of the pandemic led to unprecedented acts; today, similarly, the impending threat of the climate crisis on our planet, and its consequences on the very foundations of our society, require responses that rise to the occasion, Eleonora Volpe writes. ADVERTISEMENTOn 11 December, the European Economic and Social Committee met to discuss the proposal for new fiscal rules for the EU. The next day, we met, together with Belgian and European trade unions, in a demonstration…

Francoise Bettencourt Meyers, the heiress of L’Oreal, is the first woman to surpass a €90 billion fortune, according to Bloomberg. ADVERTISEMENTFrancoise Bettencourt Meyers, the L’Oreal inheritor and richest woman in the world, has become the first woman to possess a wealth of over €90 billion, according to the Bloomberg Billionaires Index.She was ranked as the 12th world’s richest person, surpassing Mukesh Ambani and trailing behind Carlos Slim, who recently became the first person from Latin America to surpass the €90 billion mark.Bettencourt Meyers reached this milestone as L’Oréal SA, the cosmetics empire her grandfather started, saw its stocks hit a…

The opinions expressed in this article are those of the author and do not represent in any way the editorial position of Euronews. While Delors’ little-known Yugoslavia episode was overshadowed by the atrocities of the 1990s conflict, he left us a lasting lesson on how European unity could — or should try to — prevent violence and brutality, Aleksandar Brezar writes. ADVERTISEMENTThe passing of former European Commission President Jacques Delors’ on Wednesday stirred an outpouring of emotions across the continent, as people were reminded of the legacy of a true European political giant.From his humble beginnings as a French socialist, Delors is singularly credited with…

Euronews Business takes a closer look at how airline and hospitality stocks did in 2023. ADVERTISEMENTAs hospitality and airline stocks still basked in the travel rebound that followed the COVID-19 pandemic, an industry-wide rally unfolded during the year. Cruise operators such as Carnival and travel booking and aggregator sites such as Expedia scooped most of the gains.International travel is relatively cheap compared with last year. A large number of deals on packages and added extras have contributed greatly to this phenomenon, as travel companies are eager to offer incentives to make up for lost profit in the pandemic years.What is…

An estimated two billion people in 50 countries worldwide could head to the polls in 2024, more than in any other year in history. ADVERTISEMENTIn June, the world’s biggest cross-border election will take place when more than 400 million people are expected to vote in the European elections.But with high-stakes votes planned in populous nations such as the US, India and Indonesia, autocratic states including Belarus, Iran and Russia, and strategic allies Taiwan and the United Kingdom, elections within and beyond Europe’s borders have the potential to deeply affect the continent.Potential government changes could decisively tip the geopolitical balance, affecting…

Denmark’s Maersk, like several other shipping companies, had paused Red Sea journeys due to Houthi attacks in the area. ADVERTISEMENTShipping mogul Maersk is preparing to restart operations in the Red Sea, following a brief hiatus, citing that the US-led multinational naval operation Operation Prosperity Guardian (OPG) has been set up to protect shipping from attacks by Houthi rebels in the region.Maersk said in a statement Sunday, “With the OPG initiative in operation, we are preparing to allow for vessels to resume transit through the Red Sea both eastbound and westbound. We are currently working on plans for the first vessels to make the transit…

The latest figures suggest that employment is on the rise in the Netherlands even though the country battles with recession. ADVERTISEMENTUnemployment in the Netherlands, already one of the lowest in the Eurozone, declined further in November, bringing good news to the economy which has been shrinking since the start of 2023.The seasonally adjusted unemployment rate reached a five-month low of 3.5 % from 3.6% in the previous month, according to data from the Dutch Central Bureau of Statistics.There were 357,000 unemployed people in November, down from 361,000 a month ago. The number of people claiming unemployment benefits registered at 160,200.The youth unemployment rate,…

Euronews Business looks back at five business stories that dominated the global landscape this year. ADVERTISEMENTWorld events have drastically impacted the European business, economic and market landscapes over the past year, from rampant inflation to the surge in AI.Here’s a quick recap of five of the most important, long-running business stories that shaped 2023.The battle against inflationThe European Central Bank (ECB), alongside other major central banks, focused its efforts throughout the year on addressing the highest levels of inflation witnessed in four decades, mainly by enacting tight monetary policy measures.This surge in inflation originated as the global economy lept out…

The opinions expressed in this article are those of the author and do not represent in any way the editorial position of Euronews. By designing solutions that meet market needs as well as address societal issues such as climate and food security, companies have the chance to blend profit with purpose and find that sweet spot where they can be simultaneously doing well and doing good, Adolfo Orive writes. ADVERTISEMENTClimate change is a topic on everyone’s mind, and rightfully so.But while climate awareness has greatly increased in recent years, many still fail to understand how it is closely connected with…