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.
Saudi Arabia has temporarily shut down its 1,200-kilometre East-West oil pipeline after it was hit by a drone attack, with Riyadh and Baghdad sayin...
Russia's Defence Ministry said its forces struck two cargo vessels overnight in the Ukrainian Black Sea port o...
U.S. President Donald Trump said on Saturday he would “love” to see British-run Northern Ireland unify...
Overnight Iranian strikes on an air base in Jordan damaged multiple U.S. aircraft and left one without a wing, American media reported. Meanwhile, explosions were heard across parts of southern Iran according to local media reports.
Iranian President Masoud Pezeshkian arrived in New Delhi on Friday to attend the weekend BRICS summit, amid the ongoing U.S.-Iran conflict, joining a host of foreign dignitaries.
Ukrainian forces struck a Russian oil refinery in Siberia and a seaport in Dagestan in the past 24 hours, President Volodymyr Zelenskyy said. He will meet Canadian Prime Minister Mark Carney on Thursday to discuss air defences for Ukraine over winter.
Mexico and the U.S. are racing to secure a trade deal before the U.S. midterm elections in less than eight weeks, according to six sources familiar with the talks, with failed negotiations between Washington and Canada adding urgency.
Dubai’s property market has spent years climbing. Now, for the first time since 2021, prices are moving in the opposite direction.
Saudi Arabia has temporarily shut down its 1,200-kilometre East-West oil pipeline after it was hit by a drone attack, with Riyadh and Baghdad saying the strike originated from Iraq.
Russia's Defence Ministry said its forces struck two cargo vessels overnight in the Ukrainian Black Sea port of Chornomorsk, the Interfax news agency reported on Saturday.
U.S. President Donald Trump said on Saturday he would “love” to see British-run Northern Ireland unify with Ireland, remarks made during a visit to Dublin that drew a sharp response from pro-British unionists in Northern Ireland.
BRICS leaders have called for maximum restraint over the war in the Middle East, warning against actions that could further worsen tensions as the United States and Iran resume strikes against each other.
Dubai’s property market has spent years climbing. Now, for the first time since 2021, prices are moving in the opposite direction.
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