The European Commission has unveiled 13 new strategic raw material projects outside the EU to boost supplies of critical metals and minerals vital for energy, defense, and aerospace sectors amid growing global supply tensions.
In response to China’s recent export restrictions on rare earth magnets, the European Commission announced 13 new projects outside the bloc aimed at securing essential raw materials like lithium, cobalt, manganese, and graphite. These materials are crucial for electric vehicle batteries, renewable energy, and defense industries.
This move supports the EU’s Critical Raw Material Act, which targets mining 10%, processing 40%, and recycling 25% of its material needs by 2030. The projects, located in countries including the UK, Canada, Greenland, and Ukraine, will receive financial backing totaling approximately €5.5 billion. This expansion raises the total number of strategic raw material projects to 60, strengthening the EU’s resilience amid global supply challenges.
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The European Union has extended the restrictive measures on Russia for an additional six months, until 31 January 2026, due to the Moscow's ongoing actions destabilizing the situation in Ukraine.
When European Union leaders agreed in April to hold a summit with China in late July, they believed they would enter the talks from a position of strength.
Russia has imposed access restrictions on 15 European media outlets, citing the European Union’s earlier sanctions against Russian media.
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.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
Concerns over new U.S. tariffs under President Donald Trump are weighing on global manufacturing, though June data show signs of resilience in countries like Japan, China, and Ireland.
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A senior figure in Russia’s defence establishment, Timur Ivanov, has been sentenced to 13 years in prison after being found guilty of corruption, amid an escalating crackdown on high-level misconduct.
As the Dalai Lama turns 90, the question of his successor is drawing global attention — not just spiritually, but a deeply political one for China, India, and the U.S.
Azerbaijan's Interior Ministry has dismantled two criminal groups in Baku, detaining Russian nationals suspected of trafficking drugs from Iran and conducting cyber fraud operations.
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