A 100 billion euros plan to support clean manufacturing in the EU has been proposed by the European Commission. The initiative seeks to help European industries tackle issues like high energy costs and competition from low-cost imports.
The European Commission unveiled a €100 billion plan to boost EU-made clean manufacturing as part of its Clean Industrial Deal. The initiative aims to help European industries struggling with weak demand, cheap imports, and higher energy costs compared to the U.S. and China.
The deal includes collaboration with the European Investment Bank to ease costs for renewable energy contracts and support grid manufacturers. The Commission also proposed creating an EU Critical Raw Materials Centre to jointly purchase key metals and minerals for the energy transition.
While the proposal has been welcomed by some, it has faced opposition from trade unions and environmental groups who argue that the plans could lead to deregulation, weakening workers' rights and environmental protections. Activists staged protests outside the Commission's headquarters in Brussels.
The deal, which also includes easing state aid regulations and lowering energy costs for industries, is central to European Commission President Ursula von der Leyen’s strategy to revive Europe’s industrial sector. It will be presented to industry representatives in Antwerp this week.
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European Union member states have asked the European Commission to keep secret their national strategies for phasing out Russian oil and gas by the end of 2027.
The European Commission announced €2.3 billion in financial support to help Ukraine rebuild despite ongoing Russian attacks.
European Commission President Ursula von der Leyen has survived a no-confidence vote in the European Parliament, overcoming accusations of secrecy and mismanagement by far-right lawmakers.
German Chancellor Friedrich Merz says he's “cautiously optimistic” about securing a U.S.-EU trade deal within days, highlighting its crucial importance for Germany’s export-heavy industries.
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.
Archaeologists have uncovered a 3,500-year-old city in northern Peru that likely served as a key trade hub connecting ancient coastal, Andean, and Amazonian cultures.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
On July 4, Azerbaijani President Ilham Aliyev met with Turkish President Recep Tayyip Erdoğan in Khankendi, reaffirming the deep-rooted alliance between the two nations.
Beijing has urged the European Union to tone down its criticism and adopt “less protectionist” policies, after European Commission President Ursula von der Leyen accused China of flooding global markets and enabling Russia’s war economy.
Russian-origin aluminium made up 66 % of available London Metal Exchange inventories in June, down three points from May, while Indian metal climbed to 34 %, the exchange’s latest data show.
Ireland’s Data Protection Commission has launched a fresh investigation into TikTok after the platform revealed that some European users’ data had briefly been stored on Chinese servers, contradicting earlier assurances.
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British Prime Minister Keir Starmer is set to meet U.S. President Donald Trump during the latter’s anticipated trip to Scotland this month, according to a source familiar with the plans.
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