Author: Press Room

Published on 10/07/2026 – 15:00 GMT+2 The walls of Venetian paper mill Favini, in northern Italy, are steeped in history, but its production has long been focused on the future. This family-owned company, which is celebrating its 120th anniversary this year, was among the first in the world to industrialise the production of eco-friendly paper using alternative fibres and waste materials. This helps reduce pressure on forests and gives a second life to things that would otherwise have been thrown away – like agricultural and textile by-products. ADVERTISEMENT ADVERTISEMENT And the search for new materials never stops. “Right now, we…

Updated: 10/07/2026 – 12:24 GMT+2 French Economy Minister Roland Lescure reacts to Spain’s proposal for a new joint EU debt instrument worth up to €850 billion, while warning of potential risks. “If one country transfers its debt to the whole community, that might be an incentive for that country to take on more debt,” Lescure says. … More

Published on 10/07/2026 – 13:06 GMT+2 The European Commission has approved Hungary’s request to join the European Public Prosecutor’s Office (EPPO), the EU’s investigative body for tackling fraud and corruption involving European funds. ADVERTISEMENT ADVERTISEMENT Hungarian Prime Minister Péter Magyar, who campaigned on a promise to fight corruption, won a landslide victory in April’s parliamentary elections, ending Viktor Orbán’s 16 years in power. EPPO will have the right to investigate alleged EU fund-related crimes dating back to 1 June 2021, when the body was established. “Today brings good news for Hungary,” European Commission President Ursula von der Leyen said in…

Published on 10/07/2026 – 12:08 GMT+2 A wildfire that has been raging since Thursday afternoon in Almería, Spain, has killed 11 people, according to figures released by the regional government of Andalusia. ADVERTISEMENT ADVERTISEMENT Early investigations suggest that many of the deaths may have resulted from one critical decision: some of the victims appear to have abandoned a designated evacuation route. Antonio Sanz, regional minister responsible for emergency services, said specialists were looking at two different scenarios to explain the fatalities. Four British nationals died inside a vehicle while seven other people died while walking, having left their cars behind…

Hello, readers. Angela Skujins here writing this Friday newsletter, with Mared Gwyn holding the pen for you next week. ADVERTISEMENT ADVERTISEMENT Before our minds turn to the Belgium versus Spain FIFA football match at 10 pm tonight (go the Red Devils), one theme tops today’s political agenda: finance. Blockbuster borrowing. EU finance ministers are meeting in Brussels to discuss, among other issues, the Spanish proposal to create a new mechanism for EU joint borrowing of up to €850 billion per year. “Let’s debate it,” European Central Bank (ECB) President Christine Lagarde told Euronews’ Europe Editor Maria Tadeo in an exclusive…

Published on 09/07/2026 – 9:00 GMT+2•Updated 10/07/2026 – 9:01 GMT+2 The topic might be a bit complex so your reporter will do his best to safely walk you through it. Ready? ADVERTISEMENT ADVERTISEMENT On 1 July, the EU’s landmark crypto rules took full effect. The execution was a total bust for crypto firms. Fewer than 1 in 5 of Europe’s 1,200 registered crypto companies secured a licence. And without it, they simply face shutdown. The aim wasn’t to regulate for the sake of regulating. Brussels wanted to stop crypto scams and protect everyday investors. Big brands like Coinbase cleared the…

New companies in Europe are expanding rapidly, with scaleups in Latvia, Portugal, and Greece seeing the strongest performance between 2023 and 2024, growing the most in the EU, especially in employee numbers. ADVERTISEMENT ADVERTISEMENT On the other hand, Ireland, Luxembourg, and Estonia registered the biggest drops in the same time period, according to the latest data from the European Scaleup Institute (ESI). A scaleup is a company that has passed its initial startup phase, successfully validated its business model, and entered a period of rapid and sustainable revenue growth. These companies have existed for 10 years or less and are…

Published on 10/07/2026 – 8:02 GMT+2•Updated 8:03 On today’s show: ADVERTISEMENT ADVERTISEMENT Euronews’ Maria Tadeo discusses her exclusive interview with European Central Bank President Christine Lagarde, who reflects on Europe’s economic resilience, relations with the US and China, and France’s political future. French Economy and Finance Minister Roland Lescure joins us from Brussels as EU finance ministers discuss Europe’s economic outlook, the impact of renewed tensions in the Middle East, proposals for joint EU borrowing and the bloc’s competitiveness. Euronews’ Mared Gwyn Jones explains the European Commission’s proposal to restrict trade with Israeli settlements in the occupied West Bank and…

The European Union has entered the last stretch of negotiations to reach a deal on a new round of sanctions against Moscow, as countries scramble to avoid a politically disastrous update of the price cap on Russian oil. ADVERTISEMENT ADVERTISEMENT Under the rules, the cap, currently set at $44.10 per barrel, must be automatically adjusted every six months to remain at 15% below the average market price. The next review is scheduled for 15 July. Since Russian oil soared in the aftermath of the closure of the Strait of Hormuz, the revision is certain to push the cap much higher,…

The European Commission is set to propose an electrification target for 2040, arguing that widespread adoption of electric technologies could save roughly €200 billion in fossil fuel imports by 2040, cut fossil fuel demand and greenhouse gas emissions, according to an internal document seen by Euronews. ADVERTISEMENT ADVERTISEMENT The EU spent an additional €50 billion on fossil fuel imports in just 111 days to offset the loss of imported oil and gas from the critical Strait of Hormuz since 28 February, reinforcing the economic and industrial case for faster electrification, according to the Commission. While a concrete target is still…