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- European Union seeks €70 billion for Ukraine amid ongoing conflict
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- Nvidia CEO highlights Germany’s AI challenges at investment summit
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EU
The European Union is seeking an additional €70 billion for Ukraine in 2024, following a direct appeal from President Volodymyr Zelenskyy, who highlighted the financial impact of Russia’s intensified military actions. EU leaders have tasked the European Commission with identifying ways to bridge the funding gap.
Nvidia CEO Jensen Huang warned that Germany is lagging in the artificial intelligence race, urging faster implementation of AI by policymakers. At the upcoming Invest in Germany summit, Chancellor Friedrich Merz will announce a joint AI pact and significant funding to enhance Germany’s technological competitiveness.
Montenegro is addressing disputes with Croatia that could impact its EU accession plans by 2028. Croatia has listed grievances, including cultural heritage issues and compensation claims, while Montenegro recently enacted laws aimed at resolving some concerns. Ongoing negotiations focus on border and property disputes.
Sweden’s Saab CEO Micael Johansson urges EU states to consolidate defence expenditures into a common fund—aiming for €100 billion—to finance flagship military projects
Protests against mass tourism are occurring across Spain, Italy, and Portugal, highlighting issues like rising housing costs and local displacement in cities such as Barcelona, Venice, and Lisbon.
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President Trump claims a deal with China is finalised, though specifics on tariff reductions remain unclear, highlighting ongoing negotiations.
The UK, Spain, and EU have reached a historic deal on Gibraltar.
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