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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Members of the UN Security Council on Friday voiced concern over rising tensions between the United States and Venezuela, as Russia accused Washington of acting according to a “cowboy” doctrine of shooting first and asking questions later in its attacks on alleged drug-smuggling vessels.
Haiti's food insecurity is projected to worsen by mid-2026, with nearly 6 million people facing critical hunger levels. Gang violence and economic collapse have displaced families, disrupted agriculture, and eroded livelihoods, leaving over half the population reliant on aid.
During a meeting with Kim Jong Un, Dmitry Medvedev expressed gratitude for North Korea's military support in the Kursk region, highlighting the sacrifice of North Korean soldiers as a testament to the strong bilateral relationship.
Developing nations are entering a new and worrying phase in their relationship with China. A new report from Boston University finds that, in 2022 and 2023, these countries paid more in debt service to China than they received in new Chinese loans.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
A federal jury in Marshall, Texas, ruled on Friday that Samsung Electronics must pay nearly $445.5 million in damages to patent holder Collision Communications for infringing patents linked to 4G, 5G, and Wi-Fi communication standards.
Gold prices rose above $4,000 an ounce for the first time on Wednesday, fuelled by investor demand for safe-haven assets amid rising geopolitical tensions and expectations of U.S. interest rate cuts.
U.S. shares ended Tuesday in negative territory as investors, cut off from official economic data due to the ongoing government shutdown, looked to alternative indicators and comments from Federal Reserve officials for guidance on economic weakness and monetary policy.
Elon Musk’s artificial intelligence startup xAI is targeting a $20 billion capital raise linked to Nvidia hardware, Bloomberg News has reported.
Türkiye’s benchmark stock index, the BIST 100, closed Tuesday at 10,814.11 points, up 0.74% from the previous session.
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