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The euro tumbled against the US dollar to near a two-year low of mid-1.03, a level briefly reached late in November and the lowest in two years. The decline was triggered by the Federal Reserve's (Fed) hawkish rate cut on Wednesday night. The EUR/USD pair dropped more than 1%, or 1.4 US cents per euro before a slight rebound in the Asian session on Thursday.
The equity markets across Europe kicked off the week on a negative note amid ongoing political turmoil in Germany and France. The German DAX fell 0.45%, the French CAC 40 slumped 0.71%, and the Euro Stoxx 600 index slid 0.12% on Monday.
November marked another record-breaking month for EV sales with 1.8 million units sold globally, according to the report by EV research-house, Rho Motion.
Ferrari will supply engines and gearboxes to a new Cadillac Formula One team in a multi-year agreement from 2026, subject to final approval of the entry, the Italian manufacturer said on Tuesday.
A family-run business is combining luxury and upcycling on a mission to improve the lives of people struggling with aches and pains whilst helping the environment at the same time.
Welcome to The Switch, Euronews Next's new mobility series for people considering making the switch to an EV.
The UK is poorly prepared to tackle the next Covid-like biological threat, according to an influential cross-party Lords Committee. The House of Lords Science and Technology Committee has written to the Government to raise concerns about how prepared the UK is for future pandemics, describing the current situation as “troubling”.
Mexican troops have seized a record amount of fentanyl pills in the northern state of Sinaloa, equivalent to more than 20 million doses of the drug.