More food aid needed to end starvation in Gaza despite 'modest' raise - WFP
The World Food Programme has called for more food aid to be allowed in to Gaza to quell widespread starvation....
The European Commission has unveiled a draft budget for 2026, building on the mid-term revision of the 2021–2027 long-term financial framework. The revised plan responds to recent global challenges—including energy crisis, and rising geopolitical tensions—and aligns spending with the EU priorities.
The draft 2026 budget is set at €193.26 billion, complemented by an estimated €105.32 billion under NextGenerationEU, the instrument to support Europe’s economic recovery from the coronavirus pandemic.
The draft budget focuses on key areas such as support for Ukraine, boosting EU competitiveness, managing migration, enhancing security and defence, and advancing strategic investments. It also continues to fund the EU’s green and digital transitions.
In addition, the budget incorporates measures from the cohesion mid-term review, allowing member states to redirect cohesion funds toward emerging needs like defence, affordable housing, energy transition, water resilience, and competitiveness.
Among other policies, the 2026 annual budget will go towards:
single market, innovation and digital - €22,054.4 billion
cohesion, resilience and values - €71,726.1 billion
natural resources and environment - €56,971.9 billion
migration and border management - €5,010.0 billion
security and defence - €2,803.5 billion
neighbourhood and the world - €15,505.0 billion
The annual budget for 2026 will have to be formally adopted by the European Parliament and Council before the end of the year.
"The EU budget has been able to respond to unprecedented global volatility and has continued to finance our key priorities, both within and outside the Union. At the same time, the room for manoeuvre, as we enter the final two years of the current long-term EU budget is becoming more limited and most flexibilities have been exhausted. I see this also as an important lesson for our next financial framework, for which we will make proposals in July,"- said Piotr Serafin, Commissioner for Budget, Anti-Fraud and Public Administration.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
Kuwait says oil prices will likely stay below $72 per barrel as OPEC monitors global supply trends and U.S. policy signals. The remarks come during market uncertainty fueled by new U.S. tariffs on India and possible sanctions on Russia.
Malaysia Prime Minister Anwar Ibrahim said he intends to convene a summit of the Regional Comprehensive Economic Partnership in October, local media reported on Wednesday.
The Organisation for Economic Co-operation and Development (OECD) reported on Tuesday that G20 countries’ international goods trade rose slightly in the second quarter of 2025, mainly because imports into the United States fell sharply after rising in the first quarter.
The S&P 500 closed lower on Monday (25 August) as investors turned their attention to Artificial Intelligence (AI) chipmaker Nvidia’s upcoming quarterly results, following Friday’s rally that saw the Dow Jones Industrial Average close at a record high.
The global market for chemical enhanced oil recovery (EOR) is set to expand significantly over the coming decade. According to Allied Market Research’s 'Global Oil Recovery Market Report,' the market, valued at $900 million in 2021, is expected to grow at an average annual rate of 4.6%, reaching $1.
British American Tobacco (BAT) is preparing to sell its first disposable vape in the U.S. reversing years of opposition to unauthorised devices amidst a booming $8 billion market for synthetic nicotine products.
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