EU Approves €90 Billion Loan for Ukraine, Sidesteps Use of Frozen Russian Assets

By admin December 19, 2025 No comment

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European Union leaders have agreed to provide Ukraine with a €90 billion loan to support its military and economic needs over the next two years, following intense negotiations at a summit in Brussels. The funding will be backed by the EU’s common budget after member states failed to reach consensus on using frozen Russian assets. […]

EU Scrambles to Secure Italy’s Support for Mercosur Trade Deal Amid Growing Opposition

By admin December 16, 2025 No comment

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The European Union and Germany are making an urgent push to persuade Italy to support a long-delayed free trade agreement with South America’s Mercosur bloc, warning the deal could collapse if it is not signed soon. The pact, negotiated over 25 years, would be the EU’s largest trade agreement in terms of tariff reductions, but […]

France Pushes to Delay EU Mercosur Trade Deal Vote Amid Farmer Protests

By admin December 15, 2025 No comment

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France is urging the European Union to delay a vote on ratifying the EU–Mercosur free trade agreement, citing strong opposition from farmers and recent protests across the country. The deal with Argentina, Brazil, Paraguay and Uruguay, signed a year ago but not yet ratified, aims to open new markets for European exporters facing pressure from […]

EU Poised to Hit Back at U.S. Tariffs with Countermeasures on $28 Billion Worth of Imports

By admin April 7, 2025 No comment

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The European Union is preparing to approve a package of retaliatory tariffs on up to $28 billion worth of U.S. imports in response to President Donald Trump’s sweeping trade duties, including 25% tariffs on steel, aluminium, and automobiles. The proposed EU counter-tariffs target a wide range of U.S. goods—from chewing gum and dental floss to […]

Italy Launches Controversial Migrant Camp in Albania

By admin August 1, 2024 No comment

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Italy, the European Union’s top destination for migrants, is beginning a new chapter in its migration policy by opening its first camp in Albania, part of a plan to “offshore” the migrant challenge. This initiative allows Italy to house up to 3,000 migrants per month who are rescued while attempting to reach its shores. The […]

Hungary’s Orban Calls for Ceasefire During Visit to Kyiv

By admin July 3, 2024 No comment

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Viktor Orban arrived in Ukraine on Tuesday for an unannounced visit shortly after assuming the role of rotating president of the European Union. While in Kyiv, the Hungarian prime minister suggested that a ceasefire between Russia and Ukraine could expedite negotiations to end the ongoing conflict, which began with Russia’s full-scale invasion in 2022. Orban, […]

VW to invest up to $5bn in Tesla rival Rivian

By admin June 26, 2024 No comment

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Volkswagen (VW), the German automotive giant, has announced an investment of up to $5 billion (£3.94 billion) in Rivian, a competitor to Tesla. This partnership forms a joint venture allowing both VW and the US-based electric vehicle (EV) manufacturer to share technology. Following the announcement, Rivian’s stock surged nearly 50%. The collaboration comes amid

Georgia to vote on controversial law that sparked mass protests

By admin May 14, 2024 No comment

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Georgia’s parliament is on the verge of passing a highly controversial “foreign agent” law, despite facing significant opposition from both within and outside the ruling Georgian Dream party. Critics of the proposed legislation, often referred to as the “Russia law,” argue that it poses a severe threat to civil liberties within the country.

EU moves to give profits from Russian assets to Ukraine

By admin May 9, 2024 No comment

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EU member states’ ambassadors have tentatively agreed to redirect windfall profits from frozen Russian assets towards financing arms supplies for Ukraine, pending approval by EU finance ministers next week. This decision follows the freezing of hundreds of billions of euros in Russian assets after the 2022 invasion of Ukraine. If approved, the accrued interest,

Europe risks dying and faces big decisions – Macron

By admin April 26, 2024 No comment

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In a significant speech at Sorbonne University, French President Emmanuel Macron issued a stark warning to Europe, stating that the continent must shed its self-imposed naivety or risk its demise. Macron emphasized the urgent need for Europe to adapt to a rapidly changing global landscape, highlighting challenges such as Russian hostility, diminishing US interest, and […]