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.
The European Union is set to press India to cut its high tariffs on key products such as cars and wine in an effort to boost bilateral trade, reduce reliance on China, and pave the way for a comprehensive free trade agreement, according to a senior EU official.
Overall car registrations in Europe, the UK, and the European Free Trade Area (EFTA) fell by 2.1% in January, according to data from the European Automobile Manufacturers' Association (ACEA). While fully electric vehicle (EV) sales surged by 37.3%, the sharp decline in sales of petrol and diesel mod
China urged the European Union to stop sanctioning Chinese companies and discrediting the country, its commerce ministry said on Tuesday, after Chinese entities and individuals were included in the EU's latest sanctions package against Russia.
The Court of Justice of the European Union (CJEU) has ruled that Google’s refusal to allow Enel’s JuicePass app access to its Android Auto platform constitutes an abuse of its dominant market position, siding with Italy’s antitrust authority.
Ukraine marked three years of war with Russia by hosting European leaders, while U.S. President Donald Trump's absence hinted at a shift towards Moscow. Donald Trump suggested the conflict could end soon and proposed major economic deals with Russia.
The White House denied access to an Associated Press photographer and three reporters from Reuters, HuffPost and Der Tagesspiegel.
"Türkiye has great potential in this direction", says Hakan Fidan, adding that Ankara is "strong, important" in the region.
Chinese AI startup DeepSeek announced on Wednesday a significant reduction in the cost of its API usage during off-peak hours. Between 1630 GMT and 0030 GMT, developers integrating DeepSeek’s AI models via its API can expect savings of up to 75%.
In a move with potentially far-reaching implications for the tech industry in Europe, Italian tax authorities have extended their investigation to Elon Musk’s social network X, seeking €12.5 million in value-added tax (VAT) for the period 2016 to 2022, Reuters has reported.
A recent discovery has revealed that ancient artifacts from the Treasure of Villena were crafted using metal from meteorites, offering new insights into early metalworking techniques in the Iberian Peninsula.
Polish startup Clone Robotics has unveiled Protoclone, the world’s first anatomically accurate humanoid robot, featuring artificial muscles, bones, and joints that enable lifelike movements.
Berlin, February 21, 2025 – German citizens will head to the polls on Sunday, February 23, for a snap general election after the coalition government collapsed late last year.
The city of Buriticupu, in Brazil’s northeastern Amazon, is facing a worsening crisis as massive sinkholes continue to expand, forcing authorities to declare a state of emergency. More than 1,200 residents are at risk of losing their homes.
The White House denied access to an Associated Press photographer and three reporters from Reuters, HuffPost and Der Tagesspiegel.
At least two people were injured when several shots were fired near the state courthouse in Bielefeld in western Germany on Wednesday afternoon, police reported.
In a significant clarification of roles within the Trump administration’s cost-cutting initiative, the White House has confirmed that Amy Gleason is the official acting administrator of DOGE - the Department of Government Efficiency.
President Donald Trump has launched a fresh investigation into U.S. copper imports, signaling a potential new round of tariffs aimed at bolstering domestic production of a metal critical to electric vehicles, military hardware, the power grid, and numerous consumer goods.
North Korean leader Kim Jong Un has called for the development of a stronger, more modern military during a visit to the Kang Kon Military Academy, according to state media KCNA. The announcement comes amid reports that Pyongyang is preparing for potential further involvement in Russia’s war against
The White House denied access to an Associated Press photographer and three reporters from Reuters, HuffPost and Der Tagesspiegel.
"Türkiye has great potential in this direction", says Hakan Fidan, adding that Ankara is "strong, important" in the region.
Chinese AI startup DeepSeek announced on Wednesday a significant reduction in the cost of its API usage during off-peak hours. Between 1630 GMT and 0030 GMT, developers integrating DeepSeek’s AI models via its API can expect savings of up to 75%.
In a move with potentially far-reaching implications for the tech industry in Europe, Italian tax authorities have extended their investigation to Elon Musk’s social network X, seeking €12.5 million in value-added tax (VAT) for the period 2016 to 2022, Reuters has reported.
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