Wall Street ends mostly flat after records, logs third winning week
U.S. markets closed mostly flat Friday, capping a third winning week out of four....
"Ukraine needs a steady supply of artillery shells in order to maintain its fight for freedom against the Russian invading forces," - said Prime Minister Jonas Gahr Støre. Norway will provide around $460 million in funding this year to supply Ukraine with artillery ammunition.
Support to Ukraine will be one of the topics that will be discussed at the meeting between Prime Minister Støre and President of the European Commission Ursula von der Leyen in Brussels today.
"We are now strengthening our cooperation with the EU to provide Ukraine with, among other things, more artillery ammunition. Europe must assume greater responsibility for supporting Ukraine in its fight for freedom," - said Prime Minister Jonas Gahr Støre.
In particular, Norway has announced to provide NOK 4 billion (around $367 million) in funding in 2025 to a Czech-led initiative to supply Ukraine with artillery ammunition. Norway will also provide NOK 1 billion (around $92 million) to the European Peace Facility (EPF).
The new allocation is Norway’s contribution to the ongoing collective financing initiative led by EU High Representative/Vice President Kaja Kallas.
"Ukraine has made it clear to us that there is an urgent need for this type of support, and European countries are working together to meet this need," said Mr Støre and added that Norway will contribute to efforts to replenish Ukraine’s ammunition stocks.
NOK 4 billion of the allocation will go to the Czech-led large calibre ammunition initiative, to which Norway also contributed funding in 2024. The funding from Norway will help to increase the volume, and enhance the predictability, of artillery ammunition supplies in 2025.
Norway will provide NOK 1 billion in funding to the European Peace Facility (EPF). Under the EPF, the EU provides military support to Ukraine with a focus on artillery ammunition, air defence and procurements from the Ukrainian defence industry. The funding from Norway will be used for artillery ammunition.
The new allocation from Norway is part of the recently announced increase of NOK 50 billion in Norwegian support to Ukraine for 2025.
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.
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.
Germany's export slump since 2021 is largely driven by deep-rooted competitiveness issues, the Bundesbank warned in its latest report, calling for urgent structural reforms.
Israeli researchers have unveiled an artificial intelligence tool that can determine a person’s true biological age from tiny DNA samples with remarkable precision.
Two Harry Potter actresses, Emma Watson and Zoe Wanamaker, have each received a six-month driving ban after separate speeding offences, both sentenced on the same day at a Buckinghamshire court.
Nepal has banned access to the Telegram messaging app, citing its role in a growing number of online fraud and money laundering cases across the country.
North Korea has stopped foreign tourists from visiting its new Wonsan-Kalma resort just weeks after it welcomed the first Russian visitors.
U.S. President Donald Trump says Coca-Cola has agreed to use real cane sugar in the U.S., though the company has not confirmed the claim.
The U.S. ambassador to Türkiye says Israel and Syria have reached a ceasefire deal supported by Türkiye, Jordan, and regional actors after cross-border strikes this week heightened tensions.
The Trump administration has completed a controversial prisoner swap with Venezuela, returning around 250 deported Venezuelans in exchange for 10 American detainees.
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