Business
Today
Eurozone jobless figure remains stable, according to latest data
Business • 4:45 PM
2 min
The eurozone unemployment rate remained stable at 6.4% throughout June, July and August, and down 0.2% on August last year. Greece, Spain and Sweden have the highest rates of unemployment.
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Bright light therapy works for about 40% of depression patients, analysis shows
Business • 4:08 PM
3 min
Bright light therapy is a promising early treatment for patients with non-seasonal depression, a new analysis found.
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Spain should have been punished for lax budget, EU advisors say
Business • 3:10 PM
3 min
The European Commission failed to correctly follow EU law when it forgave Madrid for its high deficit earlier this year, a legal panel of fiscal advisors has said.
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AI is making cyberattacks more sophisticated and cybersecurity teams are struggling to keep up
Business • 3:03 PM
5 min
A new report found that more than half of the cybersecurity teams said that they were underfunded.
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Architects build eco-friendly houses with straw and clay amid scorching heatwaves
Business • 3:00 PM
4 min
In Bulgaria, some architects and companies are turning to eco-friendly building materials.
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'Do we want fewer emissions or more Netflix?': Inside the fight against Europe's data centres
Business • 11:00 AM
10 min
Pockets of data centre activists are fighting back against the expansion of mega computer centres in Europe amid an artificial intelligence (AI) boom.
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Coca-Cola loses its fizz with plan to axe hundreds of jobs in Germany
Business • 10:59 AM
3 min
Coca-Cola is to shut down five production and logistics sites in Germany, in an attempt to cut costs and adapt to changing logistics trends.
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LVMH sells Off-White: Is this the end for Virgil Abloh's brand?
Business • 10:53 AM
7 min
Off-White, the Virgil Abloh brand that was bought out by LVMH in 2021 at the height of its popularity now faces cultural irrelevancy. Why?
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CERN at 70: The cradle of the Higgs boson and World Wide Web looks to the future
Business • 10:06 AM
6 min
Started in 1954, the 7,000 scientists at the European Centre for Nuclear Research (CERN) are focused on the innovations and discoveries of the future.
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ASML shares plunge amid regulatory headwinds and valuation concerns
Business • 8:53 AM
4 min
Shares of Dutch chip equipment maker ASML are among the third quarter's worst performers in European markets, due to regulatory hurdles and valuation concerns.
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The Iron Dome: How does Israel’s missile defence system work?
Business • 8:38 AM
8 min
In operation since 2011, the Iron Dome is Israel's first line of defence against rockets. We spoke to an expert to understand how the system works.
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COVID was paradigm shift for health policymaking, says Commissioner Stella Kyriakides
Business • 6:05 AM
3 min
There’s no turning back from the approach to EU health policymaking developed during the COVID pandemic – and it's why it should remain high on the agenda, the health commissioner said in an interview for the Euronews Health Summit.
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What were tech commissioner-designate Virkkunen’s policy concerns as an MEP?
Business • 6:00 AM
5 min
Data shows that incoming EU tech commissioner Henna Virkkunen showed growing interest in tech dossiers such as audiovisual laws during her ten years as an MEP.
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German supermarkets take the fight to British competitors
Business • 5:05 AM
5 min
High investment and low prices appear to be disrupting the established order in the UK supermarket sector.
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Nike holds off guidance and investor day to allow new CEO time to find his feet
Business • 12:16 AM
5 min
Nike is holding off giving guidance and has postponed investor day as it tries to give incoming CEO Elliott Hill a chance to review current strategies and plan future ones.
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Hedi Slimane quits as Celine creative director
Business • 12:10 AM
4 min
After seven years as creative director of French luxury fashion house Celine, Hedi Slimane is moving on.
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TikTok, YouTube and Snapchat’s video recommendations probed by European Commission
Business • 12:09 AM
2 min
The EU executive has started an investigation into social media network practices, given fears that vulnerable people are being fed fake news and content promoting self-harm.
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Yesterday
X has lost 75% of its value since Elon Musk took over
Business • 4:19 PM
5 min
A disclosure from an investment company with equity in the company indicates that X's value has significantly declined since 2022.
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NGOs target new Commission with launch of ‘Blue Manifesto’
Business • 3:37 PM
3 min
With a European Oceans Pact in the pipeline and a new Fisheries and Oceans Commissioner set to take office later this year, green groups have set out their demands for the next EU executive.
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British handbag maker Mulberry turns down takeover bid from Frasers
Business • 11:41 AM
4 min
Mulberry has recently rejected a takeover proposal from Mike Ashley's Frasers Group as too low. It insists that its own fundraising measures will be enough to stabilise the company.
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Why are carmakers pleading for a respite from EU climate policy?
Business • 8:42 AM
10 min
The head of the European Automobile Manufacturers’ Association explains why the industry faces multi-billion euro fines next year when stricter CO2 emissions limits kick in
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Port workers from Maine to Texas go on strike risking new shortages
Business • 7:08 AM
5 min
Port workers from Maine to Texas began walking picket lines early Tuesday in a strike over wages and automation that could reignite inflation and cause shortages of goods if it goes on more than a few weeks.
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New AI models are more likely to give a wrong answer than admit they don't know
Business • 5:30 AM
3 min
According to a new study, the more advanced an AI large language model (LLM) becomes, the less likely it is to admit it can't answer a query.
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Could Europe's youth be encouraged to return to work in the UK?
Business • 4:09 AM
5 min
A meeting between the UK's Prime Minister and the EU's President could pave the way for a youth mobility scheme, although challenges remain.
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ECB’s Lagarde supports bank mergers as UniCredit-Commerzbank talks intensify
Business • 4:06 AM
3 min
The ECB has indicated its support for UniCredit’s potential full takeover of Commerzbank, as cross-border banking mergers align with the single market’s unity strategy, enhancing the competitiveness of the European banking system on a global scale.
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Car industry future: EV market obstacles and maintaining profitability
Business • 4:04 AM
4 min
De-motorisation is generally a wealthy, urban phenomenon, according to a new report, although threats to the car industry remain.
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Experts suggest stripping ‘cancer’ from low-grade prostate cancer diagnoses
Business • 12:48 AM
3 min
Cancer doctors, scientists, and patient advocates said the “cancer” label can do more harm than good, given this form of the disease doesn’t spread or kill patients.
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Monday, september 30, 2024
Over 75% of 3 and 4-year-olds in Europe get too much screen time and not enough sleep and exercise
Business • 3:52 PM
5 min
While most young children get enough sleep, they spend too much time on screens and don’t move enough, the global study found.
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Austrian man amputated his penis with an axe after eating psilocybin psychedelic mushrooms
Business • 3:31 PM
7 min
Psilocybin has become increasingly popular in medical research for its potential therapeutic benefits, but an extreme case has highlighted the drug’s potential dangers when used in uncontrolled settings.
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Can converting disused office spaces into flats solve Berlin's housing crisis?
Business • 2:45 PM
8 min
Two German entrepreneurs have been converting old factories and disused office spaces into affordable apartments in Berlin for years. As rents spiral in the German capital, Euronews met them to ask if such projects could be a feasible solution for the hou
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All hands on deck: Multilateral AIIB working with other development banks to tackle climate change
Business • 1:01 PM
8 min
Battling climate change needs both public and private financing, leveraged through multilateral development banks like AIIB, says its president, Jin Liqun. The Asian Infrastructure Investment Bank is working with World Bank, EBRD and other financial insti
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Italy's Stellantis becomes latest car giant to issue profit warning
Business • 11:19 AM
3 min
The struggling maker of Jeep and Ram is looking for a new CEO to succeed Carlos Taveres, who is under fire from US dealers and the United Auto Workers union after a dismal first-half financial performance.
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What is Marburg virus, the infectious and deadly Ebola-like disease breaking out in Rwanda?
Business • 11:10 AM
4 min
The Ebola-related Marburg virus kills around half of those infected but has been fatal in up to 90 per cent of cases.
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California governor Gavin Newsom vetoes landmark AI bill that would require safety testing
Business • 8:58 AM
8 min
The bill, which would have been the first AI law in the US, would have required tech companies to test models and provided whistleblower protections to workers.
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Wero set to become Europe's first unified payment solution
Business • 7:10 AM
3 min
Wero is set to become Europe's first sovereign payment solution as a key rival to Visa and Mastercard. Its rapid expansion and access to the Single Market positions it as a strong alternative to the US-based networks.
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European Commission appoints 13 experts to draft AI Code
Business • 12:41 AM
3 min
The Code of Practice, aimed to give clarity to providers of General Purpose AI systems, should be ready by August 2025.
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Delhi Capital owners to buy English cricket club in historic move
Business • 12:32 AM
2 min
English cricket team Hampshire is set to be bought by part-owner of IPL franchise Delhi Capitals.
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Sunday, september 29, 2024
This choir consists of throat cancer survivors who had their voice boxes removed
Business • 8:00 AM
4 min
They may sound different compared to typical choirs, but audiences still love them.
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How Switzerland is training up the next generation of luxury hoteliers
Business • 3:38 AM
10 min
Switzerland has made a name - and business - for itself training up the next generation of hoteliers. Nestled in the hills above the city of Lausanne, the école hôtelière de Lausanne (EHL) is one of the schools doing just that.
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Saturday, september 28, 2024
Europe's fertility crisis: Which countries are having the most and fewest babies?
Business • 1:33 PM
5 min
For the first time since 1960, the number of live births in the EU has fallen below 4 million, one of the lowest fertility rates in the world.
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How AI can save you time: Here are 5 skills you no longer need to learn
Business • 1:12 PM
7 min
AI's use has skyrocketed thanks to its ability to automate basic tasks. Here are 5 skills you can skip learning and use AI instead.
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Are cars a thing of the past? This is how people in Europe prefer getting around, city by city
Business • 11:17 AM
8 min
We look closer at the most used transportation modes across 83 European cities where various factors contribute to the differences between the cities.
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Babies born through fertility treatments like IVF may have higher risk of heart defects
Business • 7:00 AM
3 min
Babies born after fertility treatment may have a slightly higher risk of heart defects, a study found.
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Friday, september 27, 2024
Ukraine’s government will use AI avatars and videos to help inform citizens about social care
Business • 3:07 PM
3 min
The AI videos will not be used for the war but could help citizens residing in territories temporarily occupied by Russia.
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Commission sees role for nuclear and carbon capture in production of low-carbon fuels
Business • 2:45 PM
4 min
Trains, automobiles and even planes could be run on nuclear power or even natural gas while being treated as ‘green’ under proposed EU rules
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Commission cautious on onshoring drug production to the EU
Business • 2:33 PM
3 min
Pandemic exposed EU states to worrying pharma supply shortages, leading to widespread calls for more home-manufactured pharma.
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Economic self-sabotage? Ireland’s Green Party and DAA weigh in on passenger cap
Business • 2:22 PM
4 min
The aviation industry cannot fully rely on technological solutions to tackle the climate crisis, Green councillor says amid dispute over passenger limits at Dublin airport.
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Meta hit with €91 million fine for lax password safety
Business • 11:02 AM
2 min
Big tech company Meta is ordered to pay a €91m data protection fine for not having enough user password protection in place, the Irish data watchdog said.
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Portugal minimum wage rises: How does it compare to EU counterparts?
Business • 8:57 AM
3 min
Plans to increase Portugal's minimum wage has been announced - but the higher salary is still far below some of its European Union counterparts.
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Scientists discover link between bacteria in the mouth and head and neck cancers
Business • 8:27 AM
4 min
Poor oral health could lead to certain types of cancer, according to a new study.
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Cyber certificate debate to land on plate of incoming Tech Commissioner
Business • 7:38 AM
4 min
New EU Tech Commissioner Henna Virkkunen will have to improve the adoption processes of certification schemes, her mission letter says.
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Europe’s answer to the Suez Canal breaks ground after 20-year delay
Business • 5:15 AM
3 min
New route will turbo-charge trade between France, Belgium and the Netherlands.
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Meta hit with privacy fine from European Union over password lapse
Business • 12:45 AM
1 min
Meta has been hit with a $102 million privacy fine from the European Union over a 2019 password security lapse.
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Thursday, september 26, 2024
Sweden first pioneered parental leave. Now it's the first country to give grandparents paid leave
Business • 7:13 PM
7 min
Parents in Sweden can now transfer paid parental leave days to people who are not a legal guardian, including grandparents and friends.
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Tech and environmental sustainability projects emerge as winners in European Design Awards
Business • 4:48 PM
6 min
Winners at the 2024 Design Europa Awards included a modular turntable and electric yachts, reflecting a shift towards eco-friendly design. Categories honoured SMEs, larger companies, young talent, and lifetime achievement, with a focus on technological in
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Global leaders commit to curbing the threat of antibiotic-resistant superbugs by 2030
Business • 4:22 PM
5 min
The UN agreement calls for global cooperation to protect people from superbugs that can evade antibiotic drugs.
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Sharing the viral 'Goodbye Meta AI' post won't protect your data. Here's what to do instead
Business • 3:40 PM
3 min
A viral Instagram hoax, shared by thousands, including celebrities, falsely claims that reposting will prevent Meta from using personal data for AI training.
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EU disease prevention agency's new chief seeks better public engagement
Business • 2:50 PM
3 min
New chief Pamela Rendi-Wagner says European Centre for Disease Prevention and Control (ECDC) should do more to combat disinformation and appeal to wider audience.
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Where to age well: People in these countries enjoy the longest years of healthy life in the EU
Business • 2:13 PM
4 min
Malta came out on top when it comes to healthy ageing, but the best and worst countries are different for men and women.
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Poor sleep in pregnancy may be linked to higher risk of developmental delays in kids, study finds
Business • 1:00 PM
7 min
A recent study by researchers in China found that insufficient sleep during pregnancy may be associated with neurodevelopmental delays in children, especially in boys.
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