The European Commission has sent member states an official proposal for a new round of sanctions against Russia, targeting imports of diamonds. The proposal, which is also signed off by High Representative Josep Borrell, was circulated on Tuesday evening following several weeks of behind-the-scenes consultations with countries meant to test the waters. It includes “new

The global luxury goods market’s growth is back to normal, a new report shows. The post-pandemic rebound seems to be over, but numbers remain high with €1.5 trillion for the industry’s market projected in 2023. The luxury goods sector is expected to see its global market revenues grow by 8 to 10%, according to a report published

British luxury brand Burberry says it probably won’t meet its low double-digit revenue growth forecast for the year. Burberry shares fell 10% when European markets opened on Thursday after the company said it was unlikely to meet its low double-digit annual revenue growth forecast. The British luxury fashion house is struggling with the slowdown in

European markets started the week on a relatively strong note, with positive sentiment spilling over from Japanese stocks European stocks opened higher on Monday morning, fuelled by investors anticipating that the US Federal Reserve may almost be done with its monetary tightening cycle. This also led to the US dollar index dropping to 11-week lows

Swedish postal workers have joined the ongoing strike against Tesla, sparked by the carmaker’s refusal to sign a collective bargaining agreement, leading to disruptions in deliveries and escalating tensions in the labour dispute. Postal workers in Sweden have joined the strike against Tesla, as the US electric carmaker remains steadfast in its refusal to sign

UK Chancellor Jeremy Hunt is set to outline the government’s financial plan for the year ahead. What can we expect? Euronews Business takes a look. In the wake of the pandemic and a spike in worldwide energy prices, the UK economy isn’t in the best shape. Interest rates have been raised 14 times since 2021,

More than half of Europeans say their budget has tightened over the past three years, according to a recent study. Rising prices have pushed almost one-third of Europeans into a “precarious” financial situation, a recent survey has found. The second European Barometer on Poverty and Precariousness examined Europeans’ ability to make purchases and found that

Some Russian pensioners claim they would be unable to afford rent and food without the help of their children, due to soaring levels of inflation. The shelves at Moscow supermarkets are full of fruit and vegetables, cheese and meat. But many of the shoppers look at the selection with dismay as inflation makes their wallets

A closer look at house prices in 25 major cities around the world shows a sharp decline in prices, according to a study. The risk of ‘overblown’ property prices has decreased in the world’s biggest cities this past year, according to a recent study by Swiss bank UBS. Its latest Global Real Estate Bubble Index,

How do net salaries compare across Europe for some of the most sought-after positions? Euronews Business takes a closer look at what to expect if you relocate. Migrating for a better future often comes with a huge headache: finding out where the best offers are, such as who gives the best salaries, what the cost