Khankendi to host 17th ECO summit
Azerbaijan is an active member of the Economic Cooperation Organisation (ECO), and hosting the 17th ECO Summit in the country highlights its growing r...
Germany's budget committee has approved a crucial 3 billion euro aid package for Ukraine, reinforcing the country's ongoing commitment to supporting Ukraine's defense, humanitarian needs, and infrastructure rebuilding amid the ongoing conflict with Russia.
Germany's budget committee has approved a significant allocation of 3 billion euros in financial aid for Ukraine, marking a continued commitment to support the war-torn country. The funds will be used for various essential needs, including military support, humanitarian aid, and the reconstruction of infrastructure damaged during the ongoing conflict with Russia.
The approval of this financial aid underscores Germany's steadfast position in aiding Ukraine amidst its ongoing struggles. The funds will come from Germany's federal budget and are part of a broader strategy to bolster Ukraine’s defense capabilities and assist in its recovery efforts.
This approval follows a series of steps taken by Germany and other European nations to provide comprehensive support to Ukraine, including financial aid, weapons shipments, and humanitarian assistance. German officials have emphasized that this financial commitment is part of the broader international effort to counter Russian aggression and maintain stability in the region.
While the decision was met with broad support within Germany's governing coalition, it also reflects the growing recognition that a stable and secure Ukraine is crucial to the security and stability of Europe. However, the move has not been without its critics, who question the long-term sustainability of such significant financial commitments amid rising costs at home.
The approval of the 3 billion euros in aid is expected to be a pivotal part of Ukraine's efforts to strengthen its position in the ongoing conflict and assist its people in navigating the challenges brought about by the war. The funds will provide much-needed support for Ukraine as it continues to rebuild its economy, safeguard its sovereignty, and work towards peace and stability in the region.
As Europe faces complex challenges related to the war in Ukraine, Germany's commitment to providing financial and humanitarian assistance remains a critical component of international support for Ukraine's ongoing resistance. The next steps will likely include ongoing dialogue with allies, continued aid packages, and a comprehensive approach to Ukraine’s long-term recovery.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
At least seven people remain missing following a massive explosion at a fireworks warehouse in the town of Esparto, Northern California, according to a report by NBC News citing local officials.
A delegation from Azerbaijan, led by MP Qaya Məmmədov, took part in the annual session of the Organisation for Security and Cooperation in Europe Parliamentary Assembly (OSCE PA), held from 28 June to 3 July in Porto, Portugal.
Chinese scientists have unveiled PlantGPT, the first large language model-based artificial intelligence designed specifically for plant functional genomics.
UN Secretary-General António Guterres on Thursday warned that the humanitarian situation in the Gaza Strip has reached a critical level and called for an immediate and lasting ceasefire. He emphasised that vital infrastructure is on the verge of collapse due to a severe fuel shortage.
The US House of Representatives approved a significant tax-cut and spending bill on Thursday, passing it by a narrow margin of 218 to 214. The legislation has now been sent to President Donald Trump for his signature.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment