European Union ambassadors have agreed on a major new defence initiative- an arms fund worth €150 billion to strengthen Europe’s military capabilities.
The fund, proposed by the European Commission in March, is a response to growing fears about Russia and uncertainty over whether the U.S., under President Trump, would continue to protect Europe.
Over the past three years, EU countries have already boosted defence spending by more than 30%, but leaders say more action is needed. The new programme, called Security Action for Europe (SAFE), will support collaborative defence projects across the EU and promote European-made weapons and technologies. To qualify for funding, at least 65% of a project's value must come from companies within the EU, the European Economic Area, or Ukraine.
Countries with Security and Defence Partnership agreements with the EU, such as the UK (which signed an agreement this week), may also qualify under additional conditions. This move opens the door for UK firms like BAE Systems to participate in SAFE-funded projects.
The Commission fast-tracked the legislation, skipping European Parliament approval and requiring only unanimous consent from all 27 EU countries. That consent was secured on Wednesday, with final ministerial approval expected on May 27.
European Council President Antonio Costa praised the decision, calling it a key step toward a more secure and united Europe.
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The United States has expressed full support for the European Union's proposal to use frozen Russian assets to aid Ukraine and bring an end to the war with Russia, a U.S. source familiar with the matter told Reuters on Friday.
The European Commission has tightened Schengen visa rules for Russian citizens, limiting most new applicants to single-entry permits, citing security risks linked to the war in Ukraine.
Tensions between Brussels and Tbilisi are deepening following the European Commission’s latest enlargement report, which delivers one of the most critical assessments of Georgia’s progress toward European integration in recent years.
Türkiye and Finland have agreed to strengthen cooperation in defence and European security. Both countries held discussions in Helsinki to further these efforts.
Two earthquakes centered in Cyprus on Wednesday were felt across northern and central regions of Israel, raising concerns among residents in both countries. The first tremor occurred at 11:31 a.m., with the epicenter near Paphos, Cyprus, at a depth of 21 kilometers.
Russia’s Foreign Minister Sergei Lavrov has urged the U.S. to avoid actions that could intensify the war in Ukraine, citing President Donald Trump’s past support for dialogue.
Streets and homes in Taiwan's Yilan County were left inundated with mud and rubble on Wednesday (12 November) after floodwaters swept through residential areas, forcing residents to wade through puddles of water and clear debris from damaged homes.
Russia has expressed its readiness to resume peace talks with Ukraine in Istanbul, according to a statement by a Russian foreign ministry official, Alexei Polishchuk, quoted by the state news agency TASS on Wednesday.
Iceland has classified the possible collapse of a major Atlantic Ocean current system as a national security risk and existential threat, as concerns grow over the impact of warming Arctic waters.
A night‑time attack by Israeli settlers on a mosque in the occupied West Bank village has drawn strong condemnation from the United Nations and raised alarm over a broader spike in settler‑linked violence.
Forty years after the eruption of Nevado del Ruiz buried the town of Armero, Colombia, survivors, families, and officials gathered to remember one of Latin America’s deadliest natural disasters.
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Walt Disney (DIS.N) is bracing for a potentially long and contentious battle with YouTube TV over the distribution of its television networks, a development that has raised concerns among investors about the future of its already struggling TV business.
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