Eu Financial News

Averaged across last year, temperatures worldwide were 1.48C, higher than they were in the second half of the 19th century, the European Union climate monitor announced Tuesday. That is warmer by a sizable margin than 2016, the previous hottest year. To climate scientists, it comes as no surprise that unabated emissions of greenhouse gases caused global warming to reach new highs.

More than 60 heads of state and government and hundreds of business leaders will discuss the biggest global challenges during the World Economic Forum’s annual gathering in Switzerland next week

The European Union says Microsoft’s multibillion-dollar investment in ChatGPT-maker OpenAI could trigger a merger investigation

Microsoft's investment into ChatGPT developer OpenAI to see if it merits further investigation under the bloc's merger rules. The European Commission said in a statement it was «checking whether Microsoft's investment in OpenAI might be reviewable under the EU Merger Regulation».

Portugal is no longer a route to a "golden visa" giving residency rights but foreigners who want to secure one can still put their money into investment funds, which now anticipate a boom in inflows. The Portuguese government has tightened the rules after initially saying in February 2023 that it would scrap the golden visa scheme, which has been blamed for exacerbating a housing crisis. It had already sought to redirect property investments from big cities to depopulated areas. The scheme, which offers wealthy non-EU nationals who invest in Portugal the right to live in the country, has attracted 7.3 billion euros ($8 billion) of funds since its 2012 launch. Most participants are from China, Brazil and the United States. Around 90% of that money went into real estate, sparking complaints it was driving up house prices in one of western Europe's poorest nations. The European Commission has meanwhile called for an end to such programmes, citing security risks.

(Reuters) -The latest setback for Boeing (NYSE:BA)'s top-selling 737 MAX aircraft occurred on Friday when a panel blew off an Alaska Airlines plane forcing its pilots to make an emergency landing.

Trade Promotion Council of India (TPCI) with the support of the Department of Commerce. Goyal said that the food exports from India holds an immense potential and this this fiscal, the country's agri exports will be more than last year's level of USD 53 billion despite restrictions imposed on shipments of certain key commodities.

The landscape of cryptocurrency usage is rapidly changing, with over 6,000 in-person vendors across the globe now accepting Bitcoin.

By Ari Rabinovitch, Simon Lewis and Nidal al-Mughrabi

Israel and Lebanon-based Hezbollah traded fire Saturday in one of the heaviest days of cross-border fighting in recent weeks, a day after the militia's leader urged retaliation for the targeted killing, presumably by Israel, of a top Hamas leader in Lebanon's capital. Hezbollah leader Sayyed Hassan Nasrallah said that if his group didn't strike back for the killing Tuesday of Saleh Arouri, Hamas' deputy political leader, all of Lebanon would be vulnerable to Israeli attacks.

Coinbase  has revealed plans to offer crypto-linked derivatives in the European Union (EU) market. 

Global supermarket chain Carrefour will stop selling PepsiCo products in its stores in France, Belgium, Spain and Italy over price increases for popular items like Lay’s potato chips, Quaker Oats, Lipton tea and its namesake soda.

Spain’s central bank, Banco de España, has revealed its selected collaborators for the testing phase of the central bank digital currency (CBDC) initiative, a year after issuing a call for collaboration.

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Inflation is on the rebound in Europe

Commentators who joked on a Polish right-wing television station that migrants should be sent to Auschwitz or be tattooed or microchipped like dogs are facing widespread condemnation

antitrust chief Margrethe Vestager will meet the chief executives of Apple, Alphabet, Broadcom and Nvidia in the United States next week, her communications advise said on Friday. The meetings come a month after Vestager resumed her job following her failed bid to head the Luxembourg-based European Investment Bank, with antitrust experts expecting her to show a tougher line towards companies in both merger and competition investigations.

Carrefour will stop selling PepsiCo products in it stores in France, Belgium, Spain and Italy over price increases for popular items like Lay's potato chips, Quaker Oats, Lipton tea and its namesake soda. The French grocery chain said it pulled PepsiCo products from shelves in France on Thursday and added small signs in stores that say, «We no longer sell this brand due to unacceptable price increases.» The ban also will extend to Belgium, Spain and Italy, but Carrefour, which has 12,225 stores in more than 30 countries, didn't say when it would take effect in those three countries.

If the resolution is approved, it is expected the delisting would occur on 24 June 2024.

By Ankika Biswas

Investing.com — European stock markets fell Friday, with investors cautious ahead of the release of key European inflation data and the widely-watched monthly U.S. jobs report.