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Earth News

European leaders ‘outpaced’ by increasing risk from climate change

The situation is already critical as climate change leads to increasingly frequent and severe flooding, drought and rising sea levels. Without urgent action by governments and EU leaders the impact is likely to become 'catastrophic' over the coming years, the European Environment Agency warns.

Economy

India and EFTA sign $100 billion free trade deal

India and EFTA now need to ratify the agreement before it can come online, with Switzerland planning to do so by next year.

Economy

As Europe's economy languishes, when will the ECB cut interest rates?

While new figures confirm economic stagnation in the EU at the end of last year, eyes turn to predictions from Bank of America that the ECB will cut interest rates in June.

Economy

French industry tumbles at start of 2024

Insee said the 1.1% decline was largely due to significantly lower output in the transportation and automotive sectors.

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Economy

China sets ambitious economic target but it won't be easy to achieve

China's premier has outlined plans to boost spending on developing advanced technology, fortifying the country's military and supporting the economy, among many other longstanding goals.

Economy

'Buy one, get one free': France forbids supermarket mega sales

French supermarkets can no longer offer discounts of more than 34% for various personal and household products. The new law aims to protect smaller companies against the might of multinationals' mega sales. But how will it work for consumers?

Economy

'Eroded democracy' threatens Serbia's EU relations and economic growth

For the first time in 12 years, since President Aleksandar Vučić's party has been in power in Serbia, official measures approved in Brussels are sending a clear warning to Serbian authorities: there'll be no more EU funding unless allegations of election fraud are thoroughly investigated.

Economy

Swiss inflation continues to slow down in February

Data for the month of February shows inflation is back to its 2021 level, at 1.2%, compared with the same time last year, putting Switzerland on the same path as its European neighbours.

Markets

OPEC+ oil giants extend oil output cuts amid economic uncertainty

Russia is among the countries announcing cut extension, announcing an additional voluntary reduction of 471,000 barrels per day for the second quarter.

Markets

The Week Spotlight: ECB rate decision takes centre stage

Euronews Business provides a roundup of what to look out for in the markets this week.

Economy

Eurozone inflation cools, but not as much as expected

Falling inflation figures from the Eurozone and its biggest economies will come as a relief to the ECB, which makes its next interest rate decision next week.

Economy

Swiss economy sees modest growth, buoyed by services

The accommodation and food services sector increased by 3.5%, while increased travel helped to push up the transport and communication sector by 0.4%.

Economy

EU grapples with Russia's frozen assets amid Ukraine crisis

EU weighs using Russia's frozen assets to support Ukraine, a proposal by von der Leyen. Legal, financial, and political hurdles loom large, stirring debate among critics.

World News

Bitcoin stock surpasses €55,000 mark

Bitcoin stock has surged to its highest since 2021, on its way to breaking a two-year record.

The Big Question

Microsoft President on how AI is going to change life as we know it

In an interview with Euronews, Brad Smith, President of Microsoft suggests that if AI ‘is the most powerful technology in the world, shouldn't it have at least as much regulation as a carton of milk?’

Economy

Global economy weighed down by war and instability, trade chief warns

"People everywhere are feeling anxious about the future and this will be felt at the ballot box this year," the head of the WTO said.

Economy

Hungary sees steady but consistent rise in unemployment

Hungary has seen a steady but consistent rise in unemployment since mid-2022, as it dealt with the fallout from economic crises triggered by the COVID-19 pandemic and the beginning of Russia's full-scale invasion of Ukraine.

Economy

Eurozone services rebound as manufacturing continues to contract

The economic fortunes of the Eurozone's two titans diverge: Germany faces challenges and continues to be under pressure, while France demonstrates signs of recovery.

Business

Money does grow on trees: Countryside a booming business for many

While farmers across Europe protest high costs and foreign competition, agribusiness investors continue to fortify their positions in the Spanish and European agricultural sector.

Economy

UK middle earners 'struggle' to make ends meet despite £60k salaries

While low earners are certainly "far worse off" than those in the middle, evidence shows many households on median income "continue to face economic struggles", according to a new report.