Business
Today
Embattled internet entrepreneur Kim Dotcom 'suffers serious stroke', says X post
Business • 11:19 AM
3 min
News of his ill health comes during a protracted battle by the US government to extradite the Finnish-German millionaire to the US from New Zealand to face charges of copyright infringement, money laundering and racketeering.
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Russia bans child adoptions for citizens of countries that allow gender transition
Business • 10:18 AM
3 min
The new law is part of a broader effort to push back on what Putin calls the West’s “satanic” values.
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Consumer group report adds to fight against dynamic pricing
Business • 10:05 AM
4 min
Euroconsumers, a consumer rights advocacy group, has raised concerns about the lack of transparency in the algorithms behind dynamic pricing. This issue could soon be addressed in the upcoming EU law on online consumer protection.
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UniCredit makes surprise offer for Italian rival Banco BPM
Business • 9:51 AM
2 min
The €10bn offer, which would merge two of Italy’s largest lenders, comes while UniCredit is building up its stake in Germany’s Commerzbank.
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Microsoft Outlook, Exchange and Teams calendar are down worldwide
Business • 9:41 AM
2 min
The tech giant said it is investigating the incident.
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What is the 'Celtic curse,' the genetic blood condition that affects the Irish diaspora?
Business • 6:45 AM
7 min
Awareness about haemochromatosis - a genetic condition that also affects people from Scotland, Wales, England, and Brittany - is still relatively low.
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Do EVs hold their value? Here's how electric cars fare on the second-hand market
Business • 6:30 AM
8 min
In the third part of our new series The Switch, we look at how much electric cars depreciate compared to their petrol and diesel counterparts.
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Discrimination still hampering cross-border payments, says Revolut boss
Business • 6:05 AM
6 min
Launched in 2015, Revolut announced earlier this month that it had hit the 50 million customer mark globally, emerging as the most downloaded financial app in Europe.
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Yesterday
Saturday, november 23, 2024
Donald Trump could push the US to stop adding fluoride to water. Where does Europe stand?
Business • 10:01 AM
6 min
Few EU countries still fluoridate their water supplies, but there's no evidence that countries in Europe stopped because of health harms.
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What is H? Here's everything we know about the French AI start-up backed by Europe's richest person
Business • 9:01 AM
3 min
The French company created a buzz and hundreds of millions of euros in investment before it had even released its first AI product.
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Friday, november 22, 2024
German auto technology supplier Bosch to cut thousands of jobs
Business • 3:28 PM
2 min
German auto technology supplier Bosch to cut thousands of jobs, citing stagnant demand for cars and new technology.
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ExxonMobil, Eni and Total eye natural gas deposit plan off Cyprus
Business • 1:54 PM
2 min
ExxonMobil could partner up with Eni and Total to jointly develop natural gas deposits off Cyprus.
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AI experts and officials gather to discuss safety amid Trump administration uncertainty
Business • 1:43 PM
4 min
Experts in artificial intelligence (AI) are gathering in San Francisco to talk about how to keep models safe, but uncertainty from the incoming Trump administration overshadows their work.
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Endometriosis history linked to a slightly higher chance of death before 70 - study
Business • 11:34 AM
3 min
Endometriosis and fibroids were both linked to an increased risk of early death from gynaecological cancers.
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'Not our job to please Elon Musk': Australia rejects claims it wants to restrict Internet access
Business • 11:18 AM
2 min
"Our job is to put in place the necessary protection for kids online," Australia's treasurer said after the billionaire criticised its new social media age limit bill.
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Northvolt files for bankruptcy in major blow to European EV sector
Business • 11:11 AM
3 min
The Swedish battery developer and manufacturer, Northvolt, has filed for bankruptcy in the US, as the company struggles with mounting debt, after it was unable to secure rescue funding and was left with only one week of cash reserves.
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Governments ask EU Commission to beef up cybersecurity agency Enisa
Business • 10:49 AM
2 min
The extra financial and human resources would come as the Cybersecurity Act is up for a review.
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Eurozone business activity contracts: Euro tumbles to 2-year lows
Business • 10:12 AM
4 min
Eurozone business activity fell sharply in November, with services joining manufacturing in contraction. The Composite PMI hit 48.1, signalling the steepest decline since January. The euro and bond yields weakened, while equities turned red, with banks wi
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Senior Chinese official warns that any future US tariff hikes will backfire
Business • 10:02 AM
2 min
Higher tariffs on Chinese exports will backfire - and China can manage the impact of such "external shocks", a senior Commerce Ministry official said on Friday in Beijing.
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US intelligence warns defence companies of Russian sabotage threat
Business • 9:42 AM
2 min
US intelligence officials warned American defence companies on Thursday to increase security precautions following several acts of sabotage in Europe that officials have blamed on Russia.
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Mercedes reveals plans to cut costs by several billion euros per year
Business • 9:04 AM
3 min
Mercedes has revealed plans for substantial cost cuts of several billion euros in the coming years. However, specific details on how these costs will be reduced and which locations will be affected has not yet been detailed.
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Weekly recap: Geopolitical tensions weigh on European market sentiment
Business • 7:58 AM
5 min
The European stock markets rebounded on Thursday but remained in negative territory for the week as rising geopolitical tensions weighed on sentiment.
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Will Trump steal the EU’s crypto crown?
Business • 7:00 AM
4 min
Some hope a long-awaited new EU law will help the bloc attract innovative digital businesses — but it may have trouble competing with a new pro-crypto administration in the US.
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Thursday, november 21, 2024
French trade minister flags defensive trade tools for Trump presidency
Business • 6:19 PM
2 min
As the 27 trade ministers gathered for the first time since Donald Trump's re-election, the use of defensive trade tools against the US could be an option in case of Trump's aggressive trade policy, according to French minister Sophie Primas.
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Australia is proposing a social media age limit. Which other countries are considering restrictions?
Business • 5:53 PM
4 min
Australia's communications minister has introduced a new bill to ban social media for minors under the age of 16. Will other countries follow suit?
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What are Storm Shadow and ATACMS, the UK and US-made missiles being used by Ukraine?
Business • 5:00 PM
7 min
Ukraine is firing foreign-made missiles directly into Russian territory for the first time. We take a look at what these weapons can do
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Lawmakers seek Amazon visit and hearing before restoring lobby access to Parliament
Business • 3:04 PM
4 min
Amazon seeks to restore relations with the European Parliament after being denied access earlier in the year for failure to cooperate.
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Study cautions radiologists not to over-rely on AI tools for diagnosis
Business • 2:40 PM
3 min
Researchers also found that physicians were more likely to trust an AI explanation if it pinpointed a specific area on an X-ray.
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Google should sell its Chrome browser to stop its search monopoly, US regulators say
Business • 11:45 AM
4 min
US regulators are seeking to break up Google as a punishment for the company's search monopoly.
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Why was OpenAI CEO Sam Altman only paid just over €70,000 last year?
Business • 11:29 AM
3 min
His OpenAI salary isn’t the bulk of Sam Altman's estimated wealth.
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BBVA-Sabadell merger: Can new commitments ease antitrust fears?
Business • 11:16 AM
4 min
BBVA has pledged key measures, including branch retention and SME credit guarantees, to ease antitrust concerns over its merger with Sabadell. While regulators cite risks to competition and rural access, the deal could reshape Spain's banking sector if ap
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Bitcoin reaches all-time high as Trump support for crypto gathers pace
Business • 11:08 AM
2 min
The price of Bitcoin reached $97,000 on Thursday, climbing 4.54%, marking an all-time high for the cryptocurrency.
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Nvidia: Wall Street's most valuable company - how did it get there?
Business • 10:57 AM
3 min
The company's journey to be one of the most prominent players in AI has produced some eye-popping numbers. Here's a look at some of the figures.
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€326 for a coffee? Scottish farm lures investors with caffeine offering and shares
Business • 10:39 AM
4 min
It's an enormous price to pay for a little cup of coffee, but the man behind the pitch promises it won't leave a bitter taste behind as it comes with the sweetener of a share of a dairy farm.
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Volkswagen workers offer to take pay cut as wage talks continue
Business • 10:19 AM
3 min
As Volkswagen’s wage negotiations enter a third round, employees have offered to accept a wage cut, in return for guarantees from the company that it will not shut down German plants, and will protect job security.
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Germany on the rise as France falls back in the global ranking for AI startups
Business • 9:40 AM
5 min
Germany has shown a huge improvement this year in a new ranking for the best hotspots for AI startups. Even so, Europe's strongest economy still falls short of the top spot.
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Beko Europe announces 1,935 redundancies: What is the group's plan?
Business • 8:56 AM
4 min
Beko Europe has announced the closure of two sites resulting in nearly 2,000 redundancies.
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EU must maintain 'urgency' of digital euro process, says ECB project leader
Business • 7:31 AM
5 min
Evelien Witlox, project director for the digital euro at the European Central Bank, discusses how the proposal is progressing, how the currency would work in practice, and what the key concerns are at this stage.
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Nvidia's strong earnings fall short of lofty investor expectations
Business • 7:31 AM
4 min
Nvidia shares declined following strong quarterly results as investors set a high bar for earnings. A lower gross margin and slowing growth also contributed to the fall.
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Irish privacy watchdog awaiting clarity from EU on AI regulation
Business • 7:16 AM
5 min
The incoming government will decide whether to make the Irish data protection authority also the national watchdog for the AI Act.
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Web creator Sir Tim Berners-Lee says algorithms should be blamed for toxicity on social media
Business • 6:31 AM
7 min
"It is really important that we realise this toxicity comes from the [social media] algorithms and you can change that," the World Wide Web inventor told Euronews Next.
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Could a Trump presidency be an opportunity for Europe's green funds?
Business • 6:00 AM
7 min
The US president-elect, a climate sceptic, is likely to hinder global progress on the green transition. Even so, there may be a silver lining for Europe.
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How European countries compare on cancer screening programmes
Business • 5:01 AM
3 min
There is wide variation in cancer screening across Europe, but no country scores perfectly across the board.
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Wednesday, november 20, 2024
MEPs strip Hungarian Commissioner of key health competencies
Business • 9:35 PM
3 min
Commissioner-designate Olivér Várhelyi has been stripped of oversight over reproductive and sexual rights as well as health preparedness following an evaluation by EU lawmakers.
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Struggling to keep weight off? A new study finds fat cells’ obesity ‘memory’ could be the cause
Business • 5:00 PM
3 min
Fat cells were found to retain a long-lasting "memory" of obesity making it hard to maintain weight loss results.
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First mpox vaccine for children approved by WHO to fight virus outbreak
Business • 4:50 PM
3 min
The vaccine is the second to be approved by the UN agency and the first approved for children aged one and older.
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Three in four news stories shared on social media without being read first, study finds
Business • 3:35 PM
3 min
Seventy-five per cent of news-related social media posts were shared without being read, a new study has found.
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Ford to cut thousands of jobs in Europe blaming poor EV sales and economy
Business • 2:56 PM
3 min
The job cuts, which will account for around 14% of the company's total European workforce, are expected to happen by the end of 2027.
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Jaguar leaps into historic rebrand as it keeps the focus on electric cars
Business • 1:46 PM
4 min
Jaguar's big plans for the future include replacing its historic "growling cat" logo with a "leaping cat" one, as it attempts to bring modernism into its company design.
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Who is Dr Mehmet Oz, Donald Trump's choice for a key health job overseeing Medicare?
Business • 11:45 AM
4 min
Surgeon and TV personality Dr Mehmet Oz is the latest figure to be tapped for a role in Donald Trump's second administration.
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AI voice translator, agents, and a cloud computer: The Microsoft announcements you may have missed
Business • 11:33 AM
5 min
The new announcements include an AI voice translator and a mini PC.
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Dutch ministry to investigate best practice for online platform content moderation
Business • 11:18 AM
6 min
The investigation comes after video sharing application TikTok said it will close its Amsterdam office.
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European mobile payment system Wero launches in Belgian banks
Business • 10:42 AM
3 min
Wero, the new European mobile payment system, has launched in Belgian banks this week.
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Catalonia's holiday rental ban may not be allowed under EU law as Airbnb pushes back
Business • 8:52 AM
5 min
Catalonia has said they want to rid Barcelona of its 10,000 holiday lets in the next 5 years.
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Rivalry intensifies between French watchdogs over regulated electricity prices
Business • 8:50 AM
4 min
The French competition watchdog warns artificial pricing is unhelpful for consumers and stifles market rivalry. The energy regulator disagrees.
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Why do Europe's equity titans lag behind the US Magnificent Seven?
Business • 7:06 AM
4 min
European mega-caps trail US 'Magnificent Seven' amid lack of artificial intelligence gains, while also facing China's slowdown and rising geopolitical risks amid tariff uncertainties.
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UN official in Gaza: Pregnant women at risk as Israel cuts off humanitarian aid
Business • 6:31 AM
5 min
An estimated 50,000 women in Gaza are pregnant, and about 130 give birth every day.
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Tuesday, november 19, 2024
Microsoft pitches AI agents that can perform tasks on their own at annual Ignite event
Business • 5:54 PM
2 min
The move has been criticised by other tech companies who have branded Microsoft as being a "panic mode".
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Paris could offer new parents anti-pollution baby 'gift bags' to combat 'forever chemicals'
Business • 5:31 PM
5 min
The proposed effort, set to go to a vote on Tuesday, is similar to "baby box" programmes in other European countries and includes non-plastic items.
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