European Union governments have agreed on a 1.5 billion-euro scheme to fund defence investments, though some countries said its "buy European" rules are too restrictive, diplomats said on Wednesday.
The European Defence Industrial Programme (EDIP) is part of a broader effort to re-arm the bloc following the conflict between Russia and Ukraine.
Under the deal, at least 65% of component costs for funded items must originate in the EU or associated countries. France had pushed for stricter rules, while others, including the Netherlands, sought more flexibility to buy from the U.S., UK and other allies.
Ambassadors from the EU’s 27 countries are expected to formally approve the deal on Monday, before negotiations with the European Parliament.
A group of 10 countries - including the Netherlands and Baltic states - argued the rules should better reflect the urgent need to boost European defences, given the industry's current reliance on key foreign components.
Despite concerns, they said they would not block progress on the plan, which could receive more funding in future.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for 27 October, covering the latest developments you need to know.
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Argentine President Javier Milei's party cruised to victory in midterm legislative elections as voters handed him a mandate to keep pushing through his radical overhaul of the economy despite widespread discontent with his deep austerity measures.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 27 October, covering the latest developments you need to know.
China on Monday sought to keep ties with Australia on an even keel despite tensions over military encounters in the South China Sea this year and broader rivalry in the Asia-Pacific region.
A U.S. Navy fighter jet and helicopter crashed in two separate incidents over the South China Sea, the U.S. Pacific Fleet confirmed, adding that all crew members ejected safely and are in stable condition.
Russian air defence systems destroyed 193 Ukrainian drones overnight, including 34 that targeted Moscow and 47 over the Bryansk region where one person was killed and five others were injured, Russian authorities said on Monday.
Residents of the historic coastal town of Port Royal worked to secure boats and homes on Sunday, 26 October as Hurricane Melissa churned toward Jamaica, bringing fears of flooding and powerful storm surge.
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