Fallen cryptocurrency exchange FTX says that nearly all of its customers will receive the money back that they are owed, two years after its spectacular implosion, and some will get more than that. FTX said in a court filing late on Tuesday that it owes about $11.2 billion (€10.4 billion) to its creditors. The exchange estimates that it has between $14.5 billion (€13.5 billion) and $16.3 billion (€15.1 billion) to distribute to them. The filing said that after paying claims in full, the plan provides for supplemental interest payments to creditors, to the extent that funds still remain. The in...
Euronews (English)
After meetings in France and Serbia, Xi will travel to Hungary to meet with President Viktor Orbán and talk cars, among other economic issues. China regards Hungary as one of its closest European partners. Beijing has invested heavily in electric vehicle factories. In 2022, Chinese-made electric cars accounted for just under 4 percent of the European market, compared with just 1.4 percent in 2019. The spike prompted an investigation by the European Commission to find out whether Chinese state subsidies are artificially deflating prices to the detriment of European manufacturers. It has until J...
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The pharma giant AstraZeneca has requested that the European authorisation for its Covid-19 vaccine be pulled, according to the EU medicines regulator. In an update on the European Medicines Agency’s website Wednesday, the regulator said that the approval for AstraZeneca’s Vaxzevria had been withdrawn “at the request of the marketing authorization holder.” AstraZeneca’s Covid-19 vaccine was first given the nod by the EMA in January 2021. Within weeks, however, concerns grew about the vaccine’s safety, when dozens of countries suspended the vaccine’s use after unusual but rare blood clots were ...
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Malta's Deputy Prime Minister Chris Fearne continues to be the country's first choice for commissioner in the forthcoming EU executive, diplomats have confirmed, despite being charged by prosecutors on suspicion of misappropriation and fraud according to a judicial document seen by Euronews. The charges relate to the country’s latest corruption scandal involving the privatisation of three state hospitals in deal between the Maltese government and Vitals Global Healthcare, dating to the time when Fearne was health minister in the island republic, a post he held until January this year. In a Fac...
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Looking for summer holiday ideas that won’t break the bank? Southern Europe is where it’s at, according to a new report by travel search engine Kayak. Delving into average flight and hotel prices, it lists the 10 cheapest holiday destinations in Europe for Brits this year, with Spanish and Italian cities topping the list. It also reveals which flights have dropped in price the most versus last year, with travel to Türkiye down by as much as 16 per cent. Here’s everything you need to know about planning an affordable European break. Where are the cheapest destinations in Europe this summer?To r...
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The proposal on the table breaks a long-held taboo in Brussels as Russian gas has been until now completely spared from any restrictions, despite repeated calls from Poland, the Baltics, the Nordics and, most passionately, Ukraine. But the plan, designed by the European Commission, falls short of an all-out import ban, as the bloc previously did with coal and seaborne oil. Instead, it aims to prohibit trans-shipments of Russian liquefied natural gas (LNG), meaning the practice of re-exporting LNG that arrives at EU ports to other countries. The Centre for Research on Energy and Clean Air (CREA...
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E-gates at airports across the UK have returned to normal following a mass outage which caused disruption and huge queues for thousands of passengers. On Tuesday, the electronic gates Heathrow, Gatwick, Stansted, Edinburgh, Birmingham, Manchester and Bristol airports stopped working, delaying passengers who were trying to cross the UK border. The British Home Office has ruled out a cyberattack as the cause. They say the widespread delays were down to a nationwide technical outage. "As soon as engineers detected a wider system network issue at 19:44 pm last night, a large-scale contingency resp...
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In the beautifully restored main hall of the Gorton Monastery in Manchester, a man in a wheelchair starts singing ‘Danny Boy’. The man has dementia and is part of a weekly group that gives people living with the debilitating illness support through musical workshops. The man’s voice is beautiful. Timid at first, the supportive atmosphere brings him out of his shell until his deep tones echo across the monastery. The workshop is part of Music in Mind, a programme that’s been run by the Manchester Camerata in Gorton for 12 years, and is about to be rolled out for every borough in the Greater Man...
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A group of EU institution staffers marched in silence in Brussels on Wednesday to mourn the lives lost in Gaza and what they described as the “death” of European values. The civil servants, who defended their impartiality and the apolitical nature of the demonstration, say that the core values of human dignity, peace and the rule of law that they were hired to uphold are being violated in Gaza, and that the EU needs to act. The demonstrators also said that as a peace project, the EU has a responsibility to contribute more towards international efforts to bring peace back to war-torn Gaza. In a...
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Scientists studying the sperm whales that live around the Caribbean island of Dominica have described the basic elements of how they might be talking to each other for the first time. They hope the research could one day help better protect them. Like many whales and dolphins, sperm whales are highly social mammals and communicate by squeezing air through their respiratory systems to make strings of rapid clicks that can sound like an extremely loud zipper underwater. The clicks are also used as a form of echolocation to help them track their prey. Scientists have been trying for decades to un...
Euronews (English)
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