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.

Spain’s Prime Minister Pedro Sánchez has refuted claims circulating online that newly regularised migrants will receive €2,800 monthly for two years. The government’s recent regularisation plan allows 500,000 undocumented migrants to apply for legal residence, but no monetary support is stated in the official decree.

Ammonia, a critical component of fertilisers, underpins global food systems but exposes Europe to economic and environmental risks. The reliance on natural gas for production has intensified since the Ukraine conflict, prompting calls for innovative, low-carbon fertiliser technologies to enhance supply chain resilience and safeguard jobs in the chemical industry.

World leaders are convening in Yerevan, Armenia, for the 8th European Political Community meeting, focusing on unity and stability in Europe. Among the attendees are British Prime Minister Sir Keir Starmer and Ukrainian President Volodymyr Zelenskyy, as nearly 50 countries discuss geopolitical challenges, including US-Iran tensions.

Donald Trump’s abrupt announcement to withdraw 5,000 active-duty troops from Germany caught allies off guard. The decision escalates tensions with German Chancellor Friedrich Merz, who has been vocal in his criticism of US actions regarding the war in Iran and broader strategic issues.

A new US-led coalition aims to secure navigation through the Strait of Hormuz, complementing existing efforts by France and the UK, according to France’s Foreign Minister Jean-Noël Barrot. This initiative, announced as “Maritime Freedom Construct,” reflects heightened concerns over maritime safety amid rising tensions in the region.

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