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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.
France and Germany have joined forces in calling for a measured yet assertive EU response to proposed U.S. tariffs on aircraft and aircraft parts, part of Washington’s broader 20% levies on EU imports.
Arrest in Cyprus as Israel claims Iran tried to attack its citizens. As Israel’s foreign minister made the unverified accusations hours after the arrest.
At the G7 summit in Kananaskis, Canada, six member countries—Canada, the UK, France, Germany, Italy, and Japan—released a coordinated statement affirming support for Ukraine after U.S. President Trump controversially left early, blocking a joint communiqué on Russia and Ukraine.
Spain’s government released a report concluding that the massive blackout on 28 April that plunged parts of Spain and Portugal into darkness was due to a combination of technical miscalculations and planning failures, not a cyberattack. Voltage surges triggered a cascade of shutdowns across southern Spain.
During his first visit to Cyprus in over two decades, Indian Prime Minister Narendra Modi and Cypriot President Nikos Christodoulides signed a declaration to significantly deepen defence, maritime, and cybersecurity collaboration.
The G7 dominated the early European news this week with the EU wanting more pressure put on Russia – something Trump is reluctant to do. The EU also signed a defence deal with Australia and unveiled a plan to phase out Russian gas contracts by 2027.
Ukraine is calling for more help after the heaviest day of airstrikes since Russia’s war in Ukraine began, whilst there has been backlash to plans to raise the GDP defence target to 5%, with Spain calling it unreasonable.
Much of Europe’s focus has been on the latest from Iran-Israel, with many European nations worried they could be dragged into the war after the United States signalled it could soon be joining Israel.
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