New Zealand lifts ban on offshore oil and gas exploration
New Zealand’s parliament on Thursday passed legislation ending a ban on offshore oil and gas exploration, reversing a flagship policy of former Prim...
The Council of the EU on Monday approved an extra €3.5 billion (approximately $3.8 billion) in financial support for Ukraine, consisting of non-repayable grants and loans, according to a press release from the European Council.
The funding, part of the Ukraine Facility, aims to bolster Ukraine’s macro-financial stability and support its long-term recovery, reconstruction, and modernization. This marks the third disbursement under the facility, which has already provided close to €20 billion to Ukraine since it was launched a year ago.
In its statement, the Council noted that Ukraine had met the necessary conditions laid out in the Ukraine Plan to receive the third payment. The Ukraine Plan outlines the country’s roadmap for recovery and reform, including a timetable for the reforms it intends to undertake as part of its EU accession process over the next four years.
Among the 13 benchmarks that Ukraine has successfully demonstrated progress on are passing reforms to increase renewable energy usage, boosting the autonomy of its energy regulator, and simplifying border-crossing procedures to meet EU standards. Additionally, Ukraine has developed strategies for agriculture and rural development—including initiatives to clear land mines from agricultural areas—and is advancing efforts to list its strategic and critical raw materials.
The Ukraine Facility, which came into force on March 1, 2024, is designed to provide up to €50 billion of stable financing in grants and loans through 2027, aiming to support Ukraine’s structural reforms and economic modernization.
The additional aid is expected to further strengthen Ukraine’s financial stability and accelerate its transformation process, reinforcing the EU’s commitment to supporting the country’s integration into European structures.
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.
New Zealand’s parliament on Thursday passed legislation ending a ban on offshore oil and gas exploration, reversing a flagship policy of former Prime Minister Jacinda Ardern’s government.
Iranian President Masoud Pezeshkian has issued a stark warning over unsustainable water usage, cautioning that the capital Tehran could face severe shortages as early as September if consumption is not brought under control, the semi-official Tasnim news agency reported on Thursday.
The U.S. Federal Reserve left its benchmark interest rate unchanged on Wednesday, maintaining the target range at 4.25% to 4.50%, despite mounting pressure from the Trump administration to ease borrowing costs.
You’ve probably seen the headlines: sweeping tariffs, surprise pauses, and a 90-day ticking clock that could reshape global trade. But what exactly is Trump’s 90-day pause — and why does it matter for the world economy? Let’s break it down
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment