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L’Oréal became France’s most valuable listed company on Tuesday, overtaking luxury giant LVMH as weaker demand continues to weigh on the global luxury sector. L’Oréal’s market capitalisation reached around €203 billion, compared with about €201 billion for LVMH, marking the first time since 2017 that a non-luxury company has held the top position on the […]
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Norwegian police have launched an investigation into telecom company Telenor over allegations that it aided and abetted crimes against humanity in Myanmar following the country’s 2021 military coup. Investigators raided Telenor’s headquarters in Oslo as part of the probe, which also includes suspected violations of sanctions rules. Police allege that Telenor Myanmar
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Italy’s Senate approved a controversial electoral reform on Tuesday, backed by Prime Minister Giorgia Meloni’s conservative coalition, despite strong opposition criticism. The proposed system would use fully proportional representation while granting a parliamentary majority to any alliance that wins more than 42% of the vote. The measure passed by 113 votes to 71 but
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Dutch farmers staged protests across the Netherlands on Tuesday, setting fire to hay bales and car tires near highways and disrupting traffic as the government prepared to present its 2027 budget plans. The Farmers Defence Force said farmers were responsible for the fires, arguing that government policies were putting their businesses under severe pressure. Rail […]
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Flights at Italy’s Catania airport were suspended again on Monday as volcanic ash from Mount Etna’s ongoing activity disrupted operations. Airport operator SAC said all arrivals would be halted until 4 p.m. local time, affecting one of Italy’s busiest airports and potentially disrupting travel plans for thousands of passengers. Mount Etna, Europe’s highest and one […]
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Finland has joined France’s initiative to expand cooperation with European partners on nuclear deterrence, the leaders of both countries announced on Monday. The move comes amid concerns over the future of US security commitments to Europe and the wider security impact of the war in Ukraine. France launched the Forward Nuclear Deterrence Initiative in March […]
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Germany has said that halting artificial intelligence development is not a viable option for Europe, arguing that continued innovation is essential to strengthening the region’s digital sovereignty. The digital affairs ministry said on Monday that it was closely monitoring global AI developments and taking warnings from leading technology companies seriously. The comments