EU

Three MEPs are set to propose stricter foreign direct investment requirements in the EU, particularly targeting Chinese investors. Their report, tied to the Industrial Accelerator Act, aims to safeguard strategic sectors by mandating new thresholds and conditions for investments exceeding €50 million.

Latvia has banned the import of books, newspapers, and printed materials from Russia and Belarus, citing concerns over disinformation and war propaganda. This prohibition seeks to safeguard Latvia’s security interests and reduce ties with nations involved in aggression against Ukraine, effective from 1 September.

Former British health secretary Wes Streeting has condemned the UK’s exit from the European Union as a “catastrophic mistake” while announcing his candidacy for Prime Minister. Speaking at the Labour Party’s Progress conference, he advocated for rejoining the EU and urged current leader Keir Starmer to resign.

Indian Prime Minister Narendra Modi commenced his European tour with a meeting with King Willem-Alexander and Queen Máxima in The Hague. His six-day itinerary includes discussions on trade and innovation with Dutch leaders and will feature upcoming meetings with Swedish and Italian officials, focusing on strengthening bilateral relations.

The Spanish government is addressing allegations regarding the use of EU pandemic funds, firmly denying misuse of European Recovery and Resilience Facility money for pensions. Amidst ongoing political pressure, officials assert that Madrid has followed proper procedures, insisting that not a single euro has been misappropriated.

Norway’s foreign ministry has revoked export licences for naval missile systems intended for Malaysia, blocking the delivery of the Naval Strike Missile. This decision, part of increased oversight on sensitive technology, has raised concerns from Malaysian officials about its impact on confidence in European defence suppliers.

Hundreds of road surfaces in western Hungary, including the Oladi plateau in Szombathely, may be contaminated with asbestos due to stones sourced from Austrian mines. Environment Minister László Gajdos will present the issue to the government on Monday as officials assess contamination risks across three counties.

From our sponsors
Advertisement
Advertisement