30, ministers from
European Union member countries met in Brussels.
CNBC reports that on Sept.
30, ministers from
European Union member countries met in Brussels.
They approved a package to fight the energy price surge that has been plaguing the EU caused by Russia's war with Ukraine.
They approved a package to fight the energy price surge that has been plaguing the EU caused by Russia's war with Ukraine.
The measures that were approved include levies on the surplus profits made by fossil fuel companies and low-cost power producers as a result of soaring electricity costs.
A 5% decrease in electricity use amid
peak price periods was also approved.
Fifteen of the EU member countries think the next step should be to implement a broad gas price cap to contain inflation.
Belgium, Greece, Poland and Italy disagree with the Commission's claim that such a move would require
"significant financial resources" to purchase emergency
gas if market prices exceed the cap.
Tinne Van der Straeten, Belgian energy minister, argues that only $1.96 billion would be needed, which is a fraction of what the EU suspects it will profit from the new levies.
Tinne Van der Straeten, Belgian energy minister, argues that only $1.96 billion would be needed, which is a fraction of what the EU suspects it will profit from the new levies.
Germany, Austria and the Netherlands disagree, arguing that broad price caps could make it difficult for countries to buy gas if they can't keep up with the competitive prices of global markets.
.
Brussels hopes the new EU-wide measures will
help to even the playing field for poorer countries within
the union who haven't been able to help struggling
businesses and consumers as much as the richer countries
The 27 leaders of the European Union have called for a "new competitiveness deal" to close the economic gap with its global rivals and reverse a worrying trend of industrial decline.
Credit: euronews (in English) Duration: 01:58Published
Young people could be able to move more easily between the UK and Europe and stay longer to work, study and train under proposed plans by the European Union Sky News
In this episode of Real Economy, Euronews reporter Paul Hackett travels to Ljubljana and Brussels to learn how Europe's new disability and parking cards aim to facilitate cross-border travel and enhance accessibility for individuals with disabilities.
Credit: euronews (in English) Duration: 08:00Published
Google Fires Employees , for Protesting Israel Contract.
28 Google workers have been fired for protesting
a $1.2 billion contract that the company has with
the Israeli government and military to provide
cloud and AI services, NBC News reports. .
The firings follow an April 16 sit-in at
Google's offices in California, New York and Seattle in which nine workers were arrested.
The group that coordinated the demonstration
is known as No Tech for Apartheid. .
Google issued a statement about the recent firings.
A small number of employee
protesters entered and disrupted
a few of our locations. , Google spokesperson, via statement.
Physically impeding other employeesâ
work and preventing them from
accessing our facilities is a clear
violation of our policies, and
completely unacceptable behavior. , Google spokesperson, via statement.
We have so far concluded
individual investigations that
resulted in the termination of
employment for 28 employees,
and will continue to investigate
and take action as needed, Google spokesperson, via statement.
No Tech for Apartheid claims that the
workers were fired "indiscriminately.".
This excuse to avoid confronting
us and our concerns directly,
and attempt to justify its illegal,
retaliatory firings, is a lie, No Tech for Apartheid, via statement.
Meanwhile, many of Google's workers have
reportedly quit after experiencing "mental health consequences of working at a company that is using their labor to enable a genocide," No Tech for Apartheid said.
On a personal level, I am opposed
to Google taking any military
contracts â no matter which
government theyâre with or what
exactly the contract is about. , Cheyne Anderson, a Google Cloud software engineer based
in Washington who was arrested during a sit-in, to CNBC
Credit: Wibbitz Top Stories Duration: 01:31Published
Amazon Cuts Hundreds , of Cloud Computing Jobs.
An Amazon Web Services (AWS)
spokesperson issued a statement about
the job cuts on April 3, CNBC reports. .
Weâve identified a few targeted areas of
the organization we need to streamline
in order to continue focusing our efforts
on the key strategic areas that we
believe will deliver maximum impact, AWS spokesperson, via statement.
We didnât make these decisions
lightly, and weâre committed
to supporting the employees
throughout their transition to new
roles in and outside of Amazon, AWS spokesperson, via statement.
Cuts are being made to the store technology division âas a result of a broader strategic shift in the use of some applications in Amazonâs owned as well as in third-party stores,â the spokesperson said.
The layoffs come after Amazon announced that it was ending its Just Walk Out technology in Fresh stores.
The cashierless technology is overseen
by teams within the AWS unit. .
Beginning in 2022, Amazon started
its largest layoffs in history by letting
go of 27,000 roles company-wide. .
So far in 2024, the retail behemoth has cut jobs at Audible, Buy with Prime, Prime Video, MGM Studios and Twitch, CNBC reports. .
This latest round of cuts will
allow U.S. employees to collect pay
and benefits for a minimum of 60 days.
They will also be offered a severance package.
Credit: Wibbitz Top Stories Duration: 01:30Published
UPS to Become US Postal Serviceâs , Main Air Cargo Provider.
On April 1, United Parcel Service announced
that it will replace FedEx as the primary air
cargo provider for the USPS, CNBC reports. .
On April 1, United Parcel Service announced
that it will replace FedEx as the primary air
cargo provider for the USPS, CNBC reports. .
FedEx is walking away from a
22-year partnership after failing to
secure a better contract with the agency. .
FedEx is walking away from a
22-year partnership after failing to
secure a better contract with the agency. .
In fiscal year 2023, USPS paid FedEx $1.73 billion
for its services, down from the $2.4 billion
FedEx received in fiscal year 2020.
The decrease in payments was partially due
to the postal service using more economical
trucks in place of planes, CNBC reports. .
The parties were unable to reach
agreement on mutually beneficial
terms to extend the contract, FedEx, via securities filing.
Since FedEx will lose nearly $2 billion in annual
business from letting go of the contract, .
hundreds of pilots will likely
lose their jobs, CNBC reports .
Following the announcement, UPS shares
increased 1.4% while FedEx stock dropped 1.6%.
FedEx's current contract is
set to expire on Sept. 29
Credit: Wibbitz Top Stories Duration: 01:30Published
Krispy Kreme to Be Sold , at McDonaldâs Nationwide.
Krispy Kreme to Be Sold , at McDonaldâs Nationwide.
Both food chains made the announcement
on March 26, CNBC reports. .
The rollout will start later this year but will take until the end of 2026 to reach McDonald's nationwide. .
That's because Krispy Kreme will have
to "more than double its distribution"
to meet demand, CNBC reports. .
We think we can service about
6,000 restaurants with our existing
infrastructure, mostly doughnut
shops, which have excess capacity, Krispy Kreme CEO Josh Charlesworth, to CNBC.
Shares of Krispy Kreme jumped 22%
following the announcement.
Krispy Kreme is also expanding distribution
to grocery and convenience stores.
That means that the overall efficiency
and productivity of our distribution network will significantly improve over time, not just
because of all those local deliveries. , Krispy Kreme CEO Josh Charlesworth, to CNBC.
Currently, Krispy Kreme typically makes more doughnuts than it can sell, so churning out even more product will take few additional costs. .
Currently, Krispy Kreme typically makes more doughnuts than it can sell, so churning out even more product will take few additional costs. .
Overall, therefore, it makes our system
more profitable to grow the deliver
fresh daily channel, and McDonaldâs
is an accelerator of that, Krispy Kreme CEO Josh Charlesworth, to CNBC.
Overall, therefore, it makes our system
more profitable to grow the deliver
fresh daily channel, and McDonaldâs
is an accelerator of that, Krispy Kreme CEO Josh Charlesworth, to CNBC
Credit: Wibbitz Top Stories Duration: 01:31Published
Boeing CEO Dave Calhoun , to Step Down.
Calhoun will resign at the
end of the year, CNBC reports.
His departure comes amid a broad management shakeup at Boeing following a Jan. 5 incident in which a door flew off an Alaska Airlines flight.
His departure comes amid a broad management shakeup at Boeing following a Jan. 5 incident in which a door flew off an Alaska Airlines flight.
As you all know, the Alaska Airlines
Flight 1282 accident was a
watershed moment for Boeing, Boeing CEO Dave Calhoun, via note to employees.
We must continue to respond to
this accident with humility and
complete transparency. , Boeing CEO Dave Calhoun, via note to employees.
We also must inculcate a total
commitment to safety and quality
at every level of our company, Boeing CEO Dave Calhoun, via note to employees.
Calhoun went on to say that
"the eyes of the world are on us.".
Calhoun went on to say that
"the eyes of the world are on us.".
I know we will come through this moment a
better company, building on all the learnings
we accumulated as we worked together to
rebuild Boeing over the last number of years, Boeing CEO Dave Calhoun, via note to employees.
Larry Kellner, chairman of the board,
will also step down in May.
Boeing director Steve Mollenkopf
will become the new chairman.
Boeing director Steve Mollenkopf
will become the new chairman.
Stan Deal, president and CEO of Boeing Commercial
Airplanes, will step down immediately.
Stephanie Pope, Boeing's Chief
Operating Officer, will take his place
Credit: Wibbitz Top Stories Duration: 01:30Published
A Polish man has been arrested and charged with plans to help Russia's military intelligence carry out an alleged plot to assassinate Ukrainian President.. Sky News
Welcome to the International News Wrap, your go-to source for the latest developments from around the globe, exclusively on OneIndia. From the unprecedented floods in Dubai to the escalating tensions threatening a potential third World War, there's no shortage of significant events shaping the international landscape. Today, we cover a spectrum of stories, from the heartwarming return of a Kerala woman from Iran to the crucial push by President Biden to secure aid for Ukraine. Stay tuned as we delve into the top international developments of the day, keeping you informed and up-to-date on the latest happenings across the world.
#InternationalNews #MountRuang #IndonesiaVolcano #DubaiFloods #RussiaUkraineWar #IsraelIranConflict #Russi #Germany #Biden #Oneindia
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Dozens gathered at US, German, and French embassies in Prague, supporting the "Close the Skies" initiative to close Ukrainian airspace. Meanwhile, Czech, Dutch, and Danish Prime Ministers met with NATO Secretary General Stoltenberg to discuss increased support for Ukraine.
Credit: euronews (in English) Duration: 02:00Published
A regional leader of the far-right Alternative for Germany (AfD) party is being tried in court over allegations he knowingly used a Nazi slogan at the end of a.. Sky News
Everyone being held hostage in a town in central Netherlands is now free and a suspect is in custody, Dutch police said Saturday, after an ordeal that lasted several hours. "The last hostage has just been released. One person has been arrested. We cannot share more information at this time," announced police on X, formerly Twitter. Police in central Netherlands reported that on March 30, several individuals were taken hostage in a town, prompting evacuations of nearby residences and the closure of the town centre. Authorities earlier stated that, at present, there is no indication of a "terrorist motive" behind the incident in Ede.
#NetherlandsHostage #EdeTown #HostageCrisis #HostagesFreed #SuspectArrested #NetherlandsSafety #EdeIncident #EmergencyResponse #CommunitySafety #PoliceOperation
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These Are the Happiest Countries , on Earth in 2024.
The World Happiness Report
was released on March 20.
It was compiled using global survey data based on life evaluations from 2021 to 2023.
Six key variables were considered:
"GDP per capita, social support, healthy life expectancy, freedom, generosity and
perceptions of corruption," CNN reports. .
The 10 happiest countries in the world are:.
Australia.
Switzerland.
Luxembourg.
Norway.
Netherlands.
Israel.
Sweden.
Iceland.
Denmark.
Finland.
The United States dropped to No. 23.
The lowest-ranked countries for
happiness are Congo, Sierra Leone,
Lesotho, Lebanon and Afghanistan. .
The lowest-ranked countries for
happiness are Congo, Sierra Leone,
Lesotho, Lebanon and Afghanistan. .
The lowest-ranked countries for
happiness are Congo, Sierra Leone,
Lesotho, Lebanon and Afghanistan. .
The lowest-ranked countries for
happiness are Congo, Sierra Leone,
Lesotho, Lebanon and Afghanistan. .
The lowest-ranked countries for
happiness are Congo, Sierra Leone,
Lesotho, Lebanon and Afghanistan.
Credit: Wibbitz Top Stories Duration: 01:30Published
Despite his party's electoral victory, Geert Wilders abandons aspirations for Dutch prime minister, citing insufficient coalition support. Talks continue with other parties. Proposed "extra-parliamentary cabinet" may exclude party leaders from ministerial roles. Shift heralds departure from the traditional governance model, echoing across Europe.
#GeertWilders #DutchPM #Wilders #Netherlands #Netherlandselection #Dutchelections #Europe #Euronews #Worldnews #Internationalnews #Oneindia #Oneindianews
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Polish president Andrzej Duda has been welcomed to Trump Tower, the latest in a string of get-togethers between the aspirant US president and populist European leaders.
Credit: euronews (in English) Duration: 01:02Published
Ewa Schaedler from the Third Way party called the vote ''symbolic'' and ''a breakthrough'' for Polish women. However the subject remains divisive in the mostly Catholic country.
Credit: euronews (in English) Duration: 02:31Published
Spiralling inflation, an unhealthy dependence on Russian energy, and the risk of power cuts. The EU Commission faces one of its toughest winters on record. Energy Commissioner, Kadri Simson wants a..
Credit: euronews (in English) Duration: 07:51Published
Addressing world leaders at the 193-member U.N. General Assembly, U.N. chief Antonio Guterres stepped up his attacks on oil and gas companies, urging rich countries to tax windfall profits of the..