Kazakhstan's economy grows 5% in 2024, beating expectations
Kazakhstan's economy expanded by 5% in 2024, outpacing the earlier forecast of 4.8%, according to the Ministry of National Economy....
Poland to prioritise joint EU defence funding during its presidency, urging unity on security as a shared European goal. Ministers to explore funding options in April.
Poland will prioritise joint EU financing for defence during its upcoming presidency of the 27-nation bloc, highlighting security as a shared European responsibility, Finance Minister Andrzej Domanski announced on Wednesday.
The European Commission estimates that enhancing EU defence capabilities could cost over €500 billion within the next decade.
In April, EU finance ministers will meet in Warsaw to explore funding models. Domanski emphasised the need for a unified European approach, particularly for large-scale projects like a European air defence system, which require both funding and international cooperation.
He also called for greater efficiency, criticising Europe’s 12 separate tank systems as excessive. Potential financing solutions include leveraging the EU’s long-term budget for new borrowing, similar to the €800 billion COVID-19 recovery fund, or establishing a special purpose vehicle (SPV) with paid-in capital, akin to the European Stability Mechanism. The SPV option could involve non-EU nations, such as Britain and Norway, and keep control with governments rather than the European Commission.
Germany’s legal constraints on joint debt and the need for unanimous agreement among EU members present challenges. The financing needs will become clearer after EU Defence Commissioner Andrius Kubilius publishes a report in March outlining key priorities. However, discussions remain preliminary, with Domanski acknowledging that it is too early to decide on a specific model.
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.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
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.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
India will not halt Russian oil purchases, despite U.S. President Donald Trump's threat of sanctions, Indian officials told Reuters and The New York Times.
Kazakhstan has sent an official proposal to the United States seeking fairer trade terms after new U.S. tariffs on some Kazakh exports took effect, its Trade and Integration Ministry said.
Jordan’s armed forces said they killed two armed people during a foiled infiltration attempt from Syria on Friday, pushing the rest of the group back across the border.
Ukraine’s military says it struck an oil refinery, storage facility and military airfield inside Russia, in one of its largest cross-border drone operations since the war began.
Armenia and the United States will conduct joint military exercises in Armenia from 12 to 20 August, focusing on peacekeeping and medical evacuation tasks, the Armenian Defence Ministry said.
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