European Union. European Commission
European Commission President Ursula von der Leyen announced Friday that the European Union will provide a loan of up to 35 billion euros (about $39 billion) to Ukraine, backed by the windfall profits from frozen Russian assets. The loan will flow straight into Ukraine's budget, with von der
European Union
The United States has announced a new round of military assistance to Ukraine, worth $125 million, following a phone call between Ukrainian President Volodymyr Zelenskyy and US President Joe Biden. Indian Prime Minister Narendra Modi met with Zelenskyy in Kyiv, urging him to engage in talks with Russia to end
European Union
The European Union has taken a significant step to support Ukraine in its conflict with Russia by transferring EUR 1.5 billion in revenues generated from immobilized Russian assets. This move is a direct result of EU sanctions against Russia, which have led to the accumulation of cash and deposits
European Union
European Union's highest court, the European General Court, has ruled in favor of Ryanair and Malta Air in a case challenging the European Commission's approval of billions of euros in state aid to Air France and its holding company Air France-KLM during the COVID-19 pandemic. The
European Union
The European Union (EU) has released a draft Commission Delegated Regulation to amend the maximum levels of undesirable substances in animal feed. The document aims to improve food safety and animal health by introducing new limits for cadmium, lead, nickel, and other contaminants. The proposed regulation is scheduled to be
European Union
The European Commission has greenlit a €4.12 billion French scheme to accelerate the rollout of renewable offshore wind energy, as part of the country's efforts to transition to a net-zero economy. This move aligns with the EU's Green Deal Industrial Plan and aims to reduce
European Union
The European Investment Bank Group and Mission Innovation announced a new partnership to support clean energy innovation worldwide, coinciding with the United Nations Climate Change Conference COP28 in Dubai. The partnership aims to accelerate the development of innovative clean energy technologies, facilitate access to finance, and mobilize private finance to
European Union
The European Commission has issued a regulation requiring motor vehicles of categories M and N to be equipped with advanced driver distraction warning systems by 7 July 2024. The regulation aims to set specific test procedures and technical requirements for the type-approval of these systems, which will help drivers pay
European Union
The European Parliament, along with the European Commission and the EU Agency for Cybersecurity (ENISA), organized a cybersecurity exercise to test crisis plans and possible responses to potential cybersecurity incidents affecting the European elections in June 2024. The drill allowed participants to exchange experiences and best practices, enhancing their capacity
European Union
The European Commission is working to refine its guidance on a carbon border levy, which will be implemented in 2026 to tax imports of certain products, including steel, cement, fertilizer, and aluminum. The levy has sparked concerns from trading partners, particularly small firms in the steel sector. European Commission Director-General
European Union
European Union (EU) antitrust regulators have yet to resume their review of the proposed merger between Korean Air and Asiana Airlines, nearly two weeks after the parties submitted remedial measures to address competition concerns. In June, the European Commission (EC) suspended its investigation into the 1.8 trillion-won ($1.37
European Union
The European Commission, led by Commissioner Jutta Urpilainen, has announced plans to support the upgrading of Barbados' climate-resilient infrastructure for clean water, in line with the Global Gateway investment agenda presented at the EU-CELAC Summit in July. This initiative will provide funding for the upgrade of the Barbados South
