Author: staff

Ultimately though, tough wording threatening additional sanctions on Russian energy and trade goods might mean little, given actually implementing it at an EU level still does require unanimity — and Hungary has time and time again blocked proposals to tighten the remaining loopholes. “Orbán chose isolation and a path of illiberal democracy against the obvious interest of the EU and, in fact, Hungary. He was given many opportunities and rejected extended hands,” said a second diplomat. “The security of Europe is too serious of an issue to negotiate with one person who sees things 180 degrees differently than everyone else.”…

Prosecutors accuse İmamoğlu of exploiting his position for financial gain, including the improper allocation of government contracts. Thousands of people have gathered outside Istanbul’s city hall for a second consecutive night to protest against the arrest of the city’s mayor, which many view as a politically driven attempt to eliminate a key rival from the next presidential race.Ekrem İmamoğlu, a prominent political opponent of President Recep Tayyip Erdoğan, was arrested after a dawn raid on his residence on Wednesday as part of investigations into alleged corruption and terror links.Prosecutors accuse him of exploiting his position for financial gain, including the improper…

The company has 40 days to decide whether it will take further legal action. Amazon has said it is considering an appeal against a decision of a Luxembourg national Court which upheld a record privacy fine of €746 million euro imposed on the tech giant, a spokesperson for the company told Euronews. Amazon now has 40 days to decide on the appeal.The case goes back to a fine issued by the Luxembourg Data Protection Authority (CNPD) in 2021 against Amazon for violating the EU’s General Data Protection Regulation (GDPR) for failing to ask for consent of data processing of online…

In remarks following the announcement, Coventry said that it was an “extraordinary” moment and a “huge honor.” Coe, an Olympic gold medallist in the 1980s who became a British Conservative MPs in the 1990s and ran the London 2012 Olympics organizing committee, was noted for his hard-line on Russian competitors and tough stance against trans athletes taking part in women’s competitions. Samaranch Jr.’s father ran the IOC as president from 1980 until 2001, during which period he presided over a scandal involving allegations of bribery in Salt Lake City’s winning bid for the 2002 Winter Olympics. In addition to running…

As the EU pursues its war on red tape, proposed changes to sustainability rules could see harmful chemicals permitted on the bloc’s green investment list, allowing producers to take advantage of policy support and growing demand for environmentally friendly products. Planned changes to criteria for sustainable investments could see cosmetics and other products containing harmful substances, including some PFAS ‘forever chemicals’, given the EU ‘green’ label despite potential risks, campaigners have warned.The amendments, buried in the small print of an ‘omnibus’ deregulation proposal tabled last month, could limit the list of chemicals whose presence would preclude a product from the…

“Europe appears to be a safe harbour for investors who look for predictability,” the CEO of pan-European stock exchange Euronext said to Euronews Business. European stock markets have seen US investments flocking to this side of the Atlantic in the last three months, partially due to the “uncertainty and volatility around decisions taken in the US,” CEO of Euronext Stéphane Boujnah said to Euronews’ Angela Barnes. “The perception of Europe is that it’s a safe harbour because predictability is there, even if GDP growth is so far perceived as being lower than in the US.”Currently, the most important sector of investment…

The Federal Reserve kept interest rates unchanged as expected but downgraded its economic outlook, citing slower growth and higher inflation due to Trump’s tariffs. Wall Street staged a relief rally after Fed Chair Jerome Powell downplayed inflation concerns. The Federal Open Market Committee (FOMC) voted on Wednesday to keep the benchmark interest rate unchanged at between 4.25% and 4.5%, as widely anticipated. However, the committee revised its economic outlook, projecting slower growth due to the impact of tariffs while forecasting higher inflation. Fed officials expect inflation (PCE) to be at 2.8% by the end of this year, up from a…

While such a gambit would be complicated, not least because the invading Russian military currently occupies the site, the leadership in Kyiv is mulling the idea as Ukraine searches for a lasting security guarantee from the U.S. Initially that backstop looked set to take the form of a minerals deal giving America lucrative preferential access to Ukraine’s critical raw materials. “The idea of ZNPP was first discussed in terms of the mineral deal. Mining needs a lot of electricity. This station is the biggest in Europe. So, the American side came up with the idea that we can work together…

Former Polish President and Nobel Peace Prize laureate, Lech Wałęsa, calls for systemic changes to safeguard democracy and avoid the rise of populist leaders. Lech Wałęsa, former President of Poland and key figure in the country’s fight for democracy, acknowledged in an exclusive interview with Euronews that generational mistakes have been made, but solutions are beginning to emerge. Despite having been out of office for nearly three decades, Wałęsa remains deeply connected to the political realities of Poland and the world. In recent years, defending democracy has become a key focus for the former leader.”Look at what’s happening around the…

Boosting competitiveness in the face of weak growth and tariff threats is now a matter of urgency, says business chief. “Europe is now at a turning point,” Markus Beyrer, director general of lobby group BusinessEurope, told Euronews’ business editor Angela Barnes.“We will to a certain extent decide ourselves whether we … repair the flaws we have in our system,” Beyrer said.“If we fail to deliver on time, to really move competitiveness up the agenda…investment will continue to leave Europe at light speed,” he added.The message from the European business chief comes as EU leaders convene for a summit on Thursday,…