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.
U.S. President Donald Trump announced $92 billion in new investments in energy and technology projects in Pennsylvania during the Pennsylvania Energy ...
The European Union on Tuesday imposed new sanctions targeting individuals and entities in Iran and Russia for human rights violations and hybrid threa...
French Prime Minister François Bayrou has unveiled a sweeping budget plan that includes scrapping two public holidays—Easter Monday and 8 May, whic...
U.S. Secretary of State Marco Rubio and the foreign ministers of France, Germany and the UK have agreed to set the end of August as the unofficial dea...
U.S. President Donald Trump on Tuesday announced a new trade agreement with Indonesia, calling it a “great deal” that includes a 19% tariff and ex...
U.S. President Donald Trump announced $92 billion in new investments in energy and technology projects in Pennsylvania during the Pennsylvania Energy and Innovation Summit at Carnegie Mellon University on Tuesday.
The European Union on Tuesday imposed new sanctions targeting individuals and entities in Iran and Russia for human rights violations and hybrid threats, while also listing actors in Moldova and Haiti for destabilising activities.
French Prime Minister François Bayrou has unveiled a sweeping budget plan that includes scrapping two public holidays—Easter Monday and 8 May, which marks Victory in Europe Day—to tackle the country’s growing debt crisis.
U.S. Secretary of State Marco Rubio and the foreign ministers of France, Germany and the UK have agreed to set the end of August as the unofficial deadline for reaching a new nuclear deal with Iran, Axios reported Tuesday, citing three sources familiar with the talks.
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.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 10th July, covering the latest developments you need to know.
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.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
Hollywood star Sydney Sweeney is reportedly the top contender to become the next Bond girl, as director Denis Villeneuve and Amazon look to modernise the James Bond franchise.
U.S. President Donald Trump announced $92 billion in new investments in energy and technology projects in Pennsylvania during the Pennsylvania Energy and Innovation Summit at Carnegie Mellon University on Tuesday.
The European Union on Tuesday imposed new sanctions targeting individuals and entities in Iran and Russia for human rights violations and hybrid threats, while also listing actors in Moldova and Haiti for destabilising activities.
French Prime Minister François Bayrou has unveiled a sweeping budget plan that includes scrapping two public holidays—Easter Monday and 8 May, which marks Victory in Europe Day—to tackle the country’s growing debt crisis.
U.S. Secretary of State Marco Rubio and the foreign ministers of France, Germany and the UK have agreed to set the end of August as the unofficial deadline for reaching a new nuclear deal with Iran, Axios reported Tuesday, citing three sources familiar with the talks.
U.S. President Donald Trump on Tuesday announced a new trade agreement with Indonesia, calling it a “great deal” that includes a 19% tariff and expanded U.S. export access.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment