The European Investment Bank (EIB) announced Friday it is raising its financing ceiling to a record €100 billion to accelerate investments in defence, energy security and Europe’s technological leadership.
The new ceiling includes a 3.5% boost in financing for the security and defence sector, as well as over €11 billion for Europe’s power grids and storage. It also expands support for EU technological and industrial innovation.
“The unanimous support of our shareholders, the 27 member states, for our proposals to provide record financing for defence, energy security, and tech leadership shows the key role of the EIB Group in supporting Europe’s strategic priorities,” said EIB Group President Nadia Calvino.
In addition, the EIB is launching the "TechEU programme," the EU’s largest innovation financing initiative to date. It will provide €70 billion in EIB Group equity, quasi-equity, loans and guarantees for 2025-2027, aiming to attract private capital and generate at least €250 billion in investments.
TechEU will target key sectors such as supercomputing, artificial intelligence, digital infrastructure, critical raw materials, green industries like offshore wind, health, security and defense technologies, robotics and advanced materials. It will support companies from early-stage development to IPO.
Headquartered in Luxembourg, the EIB finances strategic joint projects across EU member states.
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U.S. Secretary of Defense Pete Hegseth visited sailors aboard the USS Gerald R. Ford aircraft carrier in the Latin American region on Thursday, amid a military buildup by President Donald Trump’s administration that has heightened tensions with Venezuela.
Former Transport Minister Jose Luis Abalos was taken to Soto del Real prison on Thursday following a ruling by Spain’s Supreme Court ordering his pre-trial detention over a corruption scandal that has embroiled Prime Minister Pedro Sanchez’s left-wing government.
massive fire that swept through the Wang Fuk Court housing complex in Hong Kong’s northern district of Tai Po has claimed 83 lives, with nearly 300 residents initially reported missing, authorities confirmed on Thursday.
Ukrainian President Volodymyr Zelenskiy met Latvian Foreign Minister Baiba Braze in Kyiv on Thursday (27 November).
A passenger aircraft from Polish carrier LOT veered off a taxiway at Lithuania's Vilnius airport after arriving from Warsaw on Wednesday, halting all traffic, the airport operator said.
massive fire that swept through the Wang Fuk Court housing complex in Hong Kong’s northern district of Tai Po has claimed 83 lives, with nearly 300 residents initially reported missing, authorities confirmed on Thursday.
The Hayli Gubbi volcano in Ethiopia’s Afar region erupted on Sunday morning (23 November), covering nearby villages in ash.
At least 36 people have died in a fire that ravaged a residential apartment complex on Wednesday according to John Lee the chief executive of Hong Kong.
Netflix crashed on Wednesday for about an hour in the U.S. as it launched season five of "Stranger Things", with the service becoming inaccessible to many subscribers within minutes of the episodes going live at 8 p.m. local time.
European Union ministers will urge senior U.S. trade officials to implement more elements of the July EU–U.S. trade deal on Monday, including cutting tariffs on EU steel and lifting duties on goods such as wine and spirits.
Google has announced a major update for its Pixel 10 series: owners can now send and receive files with Apple devices using AirDrop, without any collaboration from Apple. The new functionality applies to iPhones, iPads, and macOS devices, though for now it is limited to the Pixel 10 line.
European shares climbed on Thursday, as a relief rally swept through global markets after artificial intelligence (AI) bellwether Nvidia reported strong earnings, while investors awaited the release of delayed U.S. jobs data.
Mainland China and Hong Kong equities slipped on Tuesday, Reuters reported, as investors grew cautious ahead of delayed U.S. economic data expected to clarify the Federal Reserve’s policy outlook.
A federal jury in California ruled on Friday that Apple must pay $634 million to Masimo, a medical-monitoring technology company, for infringing a patent related to blood-oxygen reading technology.
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