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.
A fire beneath a commuter train at Newport Station in Jersey City caused major disruptions to New Jersey transit lines on Monday morning (August 4)....
On Monday, U.S. President Donald Trump announced plans to significantly raise tariffs on India over its continued purchase and resale of Russian oil, ...
At least 11 people were killed and more than 70 others, including women and children, were kidnapped by armed men on motorbikes in Sabongarin Damri, a...
Torrential monsoon rains continue to wreak havoc across northern and eastern India, with widespread flooding reported in Uttar Pradesh and West Bengal...
Volcanoes can ground planes, bury towns, and reshape landscapes in hours. With over 850 eruptions since 2015, Earth is constantly reminding us of its...
A fire beneath a commuter train at Newport Station in Jersey City caused major disruptions to New Jersey transit lines on Monday morning (August 4).
At least 11 people were killed and more than 70 others, including women and children, were kidnapped by armed men on motorbikes in Sabongarin Damri, a village in Zamfara State, northwest Nigeria, according to witnesses.
Torrential monsoon rains continue to wreak havoc across northern and eastern India, with widespread flooding reported in Uttar Pradesh and West Bengal. Overflowing rivers, submerged streets, and landslides have left residents stranded and local infrastructure overwhelmed.
Volcanoes can ground planes, bury towns, and reshape landscapes in hours. With over 850 eruptions since 2015, Earth is constantly reminding us of its raw power, but why does it erupt, and what can we expect next?
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
Tesla has granted Elon Musk a $29 billion share award as part of a new compensation plan to retain him as CEO while the company shifts focus from electric cars to robotaxis and AI. The move revives elements of a controversial 2018 package previously struck down by a Delaware court.
OPEC+ will increase oil production by 547,000 barrels per day in September after eight members of the organisation held a brief virtual meeting on Sunday. They said the company will continue to accelerate its output hikes to regain market share.
McDonald's plans to significantly expand its investments in artificial intelligence by 2027, with India expected to play a central role in data governance, engineering, and platform development, a senior executive said on Friday.
U.S. President Donald Trump has sharply criticised Federal Reserve Chair Jerome Powell following the central bank’s decision to keep interest rates unchanged.
Microsoft’s market capitalization surpassed $4 trillion in after-hours trading on Wednesday following a stronger-than-expected earnings report for its fiscal fourth quarter, driven by robust growth in its cloud business.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment