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.

Former EU Brexit negotiator Michel Barnier emphasised that the UK must decide its relationship with the bloc, outlining clear conditions for rejoining. He expressed that while Brexit is settled, the door remains open, contingent on the UK respecting fundamental EU freedoms if it seeks closer ties.

Ten years post-referendum, Brexit’s impact remains contested. Irish MEP Barry Andrews claims the UK’s departure has caused political and economic turmoil, while Dutch MEP Sander Smit believes the EU has lost a vital voice. The debate centres on the future relationship between the UK and the EU.

European leaders, including France’s Macron and the UK’s Keir Starmer, convened in Berlin for an E5 summit aimed at strengthening defence collaboration amid shifting US commitments. The summit addressed support for Ukraine and strategic military projects, coinciding with a key NATO summit in Ankara in July.

Two fin whales were killed off Iceland’s coast shortly after commercial hunting resumed, marking the first catches since 2023. This follows a two-year pause attributed to economic issues. The Icelandic government plans to introduce a bill banning whaling this autumn amid international concern over declining whale populations.

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