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.

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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.

“Barnier’s cabinet is likely to reassure the business world. … First in terms of method: the prime minister is consulting experts widely and has undertaken to continue doing so in preparation for his government policy statement. This marks the beginning of a culture of compromise that is quite foreign to France. And secondly in the choice of personnel: there are few or no big names in this team, but the ministers are experts in their fields and will be careful not to break with the dynamic created over the past seven years. … With the cast, the method and the direction now set, the 2025 budget will be the acid test.”

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