Iran’s First Veep: We support transit routes, peace to foster development
Iran’s First Vice President Mohammad-Reza Aref who is visiting Turkmenistan to take part at a UN-sponsored meeting said Tehran supports development ...
The European Union has approved a landmark €150 billion (nearly $170 billion) Defense Industrial Readiness Loan Instrument, known as SAFE, aimed at bolstering the bloc’s defense sector in the face of rising geopolitical threats.
The announcement was made by Ukrainian Prime Minister Denys Shmyhal, who hailed the initiative as both "important and urgent" for the security of Europe and Ukraine alike. Writing on X, Shmyhal emphasized that the agreement will grant Ukrainian defense companies access to EU supply chains and joint procurement efforts, strengthening Kyiv’s defense capabilities while contributing to Europe’s collective security.
“We are stronger together,” Shmyhal said, extending his gratitude to European Commission President Ursula von der Leyen, Poland, and other EU partners for their ongoing support.
The SAFE loan instrument is designed to enhance industrial capacity across the EU amid growing defense demands driven by Russia’s continued aggression in Ukraine and broader regional instability. While the European Commission has not yet detailed a formal rollout schedule, the fund is expected to mobilize strategic investments into defense production, innovation, and infrastructure.
By naming Ukraine a partner in this initiative, the EU further reinforces Kyiv’s trajectory toward deeper Euro-Atlantic integration, not only in diplomacy and trade but now in the strategic defense domain. The move also signals Europe’s long-term commitment to Ukraine’s sovereignty and security, as the country remains on the frontlines of a major conflict reshaping European defense posture.
SAFE represents one of the largest collective defense funding efforts in EU history and reflects a broader shift in European policy toward rearmament and industrial resilience in the face of evolving security threats.
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.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
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.
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.
South Korea announced on Tuesday that North Korea has shown no signs of dismantling its own border loudspeakers, even after Seoul began removing its devices as a goodwill gesture to reduce tensions.
On Tuesday, massive crowds filled the streets of Dhaka with flags, placards, and chants to mark the first anniversary of the 2024 uprising that forced Prime Minister Sheikh Hasina into exile.
A sudden tornado hit a village in Inner Mongolia, damaging tourist yurts but leaving no casualties, as emergency teams quickly restored power and completed cleanup.
Torrential rain and lightning storms battered Hong Kong and the Pearl River Delta on 5 August, causing severe flooding that closed hospitals and schools while turning staircases into rushing waterfalls.
Israeli Prime Minister Benjamin Netanyahu is reportedly preparing for a full military takeover of the Gaza Strip, with reports suggesting a final decision has already been made and implementation plans will be discussed at a key war cabinet meeting on Tuesday.
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