Author: Euronews

Nvidia shares have fallen more than 5% in after-hours trading after the US said the chipmaker would require a licence to sell H20 chips to China.

On the second anniversary of the outbreak of Sudan’s civil war, UK Foreign Secretary David Lammy announced €140 million in new aid during an international conference in London.

ADVERTISEMENTThe drugmaker Pfizer is no longer developing a daily anti-obesity pill, setting back efforts to find new ways to treat obesity that don’t involve regular injections.The company said it would stop studying the experimental drug, danuglipron, after a participant in one of its clinical trials experienced a possible drug-induced liver injury that ended once the person stopped taking the treatment.The once-daily version of the pill was in early-stage testing, with researchers trying to figure out the best dose for patients, a spokeswoman said.The company intended to move the drug into late-stage testing, which is generally the last and most expensive…

ADVERTISEMENTThe latest report by the European Drought Observatory paints a worrying picture of drought across southern, eastern, and central Europe.The Iberian Peninsula faces the most critical conditions with several red warnings, the result of alternating periods of drought and intense winter and spring precipitation. In 2023, Spain already had the largest territory affected by drought, at 34,000 square km, followed by Poland with 24,000 and Lithuania with 20,000.At the same time, orange warnings are present in swathes of Italy, Greece, Cyprus, Poland, Belarus, most of Ukraine, as well as Ireland, Scotland and a few spots in Germany and France. Cyprus…

ADVERTISEMENTEuropean markets opened the new week with solid gains, buoyed by renewed investor optimism after US President Donald Trump announced that major tech products such as semiconductors and smartphones would be temporarily exempt from the higher tariffs on Chinese imports.However, the US administration clarified that these items remain subject to the existing 20% fentanyl-related tariffs, and a special tariff on semiconductors and electronics will be introduced in around a month.Chinese authorities welcomed the decision, calling the US tariff exemption a small but constructive step toward correcting previous wrongdoings.By 8:15am CEST, the Euro STOXX 50 index – which tracks blue-chip companies…

ADVERTISEMENTEuropean leaders took to social media on Sunday to condemn Russia’s latest deadly attack on the Ukrainian city of Sumy.European Commission President Ursula von der Leyen wrote that “Russian cruelty struck again,” calling the attack “barbaric” in a post on X.More than 30 people were killed in the missile strike as people gathered to celebrate Palm Sunday, according to officials. Images from the scene showed lines of black body bags lying on the side of the road, while more bodies were seen wrapped in foil blankets among the debris. Video footage also showed fire crews as they fought to extinguish…

ADVERTISEMENT’Fast’ is an understatement for the stock market today. Real-time price updates on a screen and stocks changing hands at the click of a button—this is the face of modern trading, be it in Tokyo, London, or New York. But, how did it all get started?It turns out that modern stock trading traces its roots back to a Dutch trading company over four centuries ago. On 20 March 1602, the Dutch East India Company (‘Vereenigde Oostindische Compagnie’ in Dutch) or the VOC announced the first initial public offering (IPO), laying a foundation for modern financial markets. Article 10 of its charter said:…

ADVERTISEMENTThe Med5, a two-day meeting of the interior ministers of the five European countries bordering the Mediterranean Sea, ended in the Royal Palace in Naples. Italy, Spain, Greece, Cyprus and Malta were represented, as well as the European Commissioner for Home Affairs and Migration Magnus Brunner and Frontex Executive Director Hans Leijtens.At the end of the summit, the ministers signed a joint declaration.Piantedosi: migrants sent to Albania considered ‘dangerous'”We all recognised the need to strengthen Frontex,” said Italian Interior Minister Matteo Piantedosi during the press conference at the end of the summit, reiterating that “the fight against human traffickers is…

The opinions expressed in this article are those of the author and do not represent in any way the editorial position of Euronews. ADVERTISEMENTConfidence is the motor which drives stock markets upwards. Confidence in management, in markets and in the rational making of policy. The extreme volatility of the past week underscores the crisis in confidence on European investors, but the recent turbulence also presents opportunities. Short-term fluctuations may unsettle investors who are used to predictability, but they also present entry points in undervalued sectors.In general terms, for the last decade, there has been a shift towards trading US-listed stocks,…

ADVERTISEMENTItaly on Friday transferred 40 migrants denied the right to remain in the country to Italian-managed detention centres in Albania — seemingly the first time an EU member state relocated rejected asylum seekers to a third place that is neither their country of origin nor a transit one.According to domestic media, the group departed from the port city of Brindisi, though authorities have yet to confirm the migrants’ nationalities or further details.The individuals are now being held at two Italian-built and operated facilities in Shëngjin and Gjadër, which were initially constructed to process asylum claims for migrants intercepted in the…