Kyrgyzstan’s GDP grows 11.7% in first half of 2025
Kyrgyzstan's GDP surged 11.7 percent year on year in the first half of 2025, driven by gains in services, construction and production, despite a decli...
Sweden’s deputy prime minister Ebba Busch has called on the European Union to amend its clean-tech funding rules to help bankrupt battery cell maker Northvolt secure a new owner.
Speaking after a meeting with European Commission industry chief Stephane Sejourne in Brussels, Busch said the current funding criteria, which favor highly innovative projects over existing technologies, risk sidelining established companies like Northvolt—one of Sweden’s largest corporate failures and a key player in Europe’s efforts to build a competitive battery manufacturing industry against China.
“The EU must move from words to action and decide on that money this spring,” Busch said, stressing that such support is “crucial” for Northvolt to survive this challenging insolvency period. She warned that if the Commission continues to support only newcomers within the battery sector, the clean industrial deal on European soil could fall into China’s hands, as Europe remains heavily reliant on imported green technologies.
Northvolt, once seen as Europe’s best hope to rival Chinese battery makers, recently filed for bankruptcy in Sweden, upending the region’s ambitions for domestic battery production. Busch emphasized that revising the funding rules to include existing battery makers could help attract a new owner for Northvolt, providing a lifeline for the company and preserving Europe’s competitive edge in the clean-tech arena.
The European Commission, which last month announced a commitment of €6 billion for clean industries through the EU Innovation Fund, has yet to comment on whether its funding criteria might be expanded. The fund is currently earmarked for projects deemed highly innovative, leaving established companies like Northvolt ineligible despite their critical role in the regional supply chain.
As the debate over EU funding continues, industry analysts say that broadening access to these funds could be pivotal in sustaining Europe’s burgeoning clean technology sector and reducing dependency on imports from China.
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.
Authorities in North Carolina are investigating three potential storm-related deaths linked to severe flooding from the remnants of Tropical Storm Chantal, officials said Tuesday.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 10th July, covering the latest developments you need to know.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
Two student pilots were killed when two single-engine training aircraft collided mid-air in southern Manitoba, Canadian authorities confirmed on Tuesday.
NATO Secretary General Mark Rutte is warning that major economies like Brazil, China, and India could face serious consequences if they continue trading with Russia, as the U.S. steps up pressure with fresh sanctions and weapons support for Ukraine.
The American leader stated that if an agreement between Russia and Ukraine is not achieved within that timeframe, "it will be very bad."
The European Union did not reach agreement on its 18th sanctions package against Russia on Tuesday, EU foreign policy chief Kaja Kallas confirmed following a meeting of foreign ministers in Brussels.
Russia, Iran, and China are increasingly involved in life-threatening activities on British soil—including attacks and kidnappings—often carried out by criminal networks or, in some cases, by children, according to two senior UK counterterrorism officials.
Australian Prime Minister Anthony Albanese met with Chinese President Xi Jinping in Beijing, affirming that both countries will keep communication channels open and explore cooperation opportunities despite ongoing strategic rivalry in the Indo-Pacific region.
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