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EU and Italy announce major debt-relief deal for Africa

EU and Italy announce major debt-relief deal for Africa

Italy is working with the European Union on a debt-relief plan for African countries, as part of its broader push to foster development on the continent and address the root causes of irregular migration. "The entire 10-year operation will allow...

Italy, EU to make strategic invesments in Africa

Italy, EU to make strategic invesments in Africa

(MENAFN) Italian Prime Minister Giorgia Meloni and European Commission President Ursula von der Leyen co-led a summit in Rome on Friday dedicated to boosting strategic investments in Africa, unveiling shared agreements valued at €1.2 billion...

Europe can’t reduce US weapons reliance ‘overnight,’ warns missile boss

Europe can’t reduce US weapons reliance ‘overnight,’ warns missile boss

The scale of the challenge was spelled out last year by former European Central Bank Chief Mario Draghi in his 327-page report on European competitiveness. He found that 78 percent of the €75 billion EU countries spent on defense between June 2022...

EU seeking to gamble with Russia’s frozen funds: Politico

EU seeking to gamble with Russia’s frozen funds: Politico

Officials reportedly view the move as a way to generate higher returns without directly tapping into the sovereign funds themselves, which would be in breach of international law. The proposal is part of a broader EU initiative to use profits from...

Europe’s growing fear: How Trump might use US tech dominance against it

Europe’s growing fear: How Trump might use US tech dominance against it

LONDON - When United States President Donald Trump issued an executive order in February against the chief prosecutor of the International Criminal Court (ICC) for investigating Israel for war crimes, Microsoft was suddenly thrust into the middle...

EU finance, economy ministers approve next step towards Bulgaria adopting the euro

EU finance, economy ministers approve next step towards Bulgaria adopting the euro

The European Union’s Economic and Financial Affairs Council, Ecofin – made up of finance and economy ministers of all EU member states – agreed on June 20 to the next step towards Bulgaria adopting the euro as of January 1 2026. This was confirmed...

Italy Unveils Debt Relief Plan for Africa

Italy Unveils Debt Relief Plan for Africa

(MENAFN) In a significant move to ease the debt burdens of African nations and curb migration to Europe, Italian Prime Minister Giorgia Meloni unveiled a new initiative on Friday during an international summit in Rome. Co-chaired by Meloni and...

European prosecutors order searches in Bulgaria in probe into corruption involving EU fisheries funds

European prosecutors order searches in Bulgaria in probe into corruption involving EU fisheries funds

On behalf of the European Public Prosecutor’s Office (EPPO) in Bulgaria’s capital city Sofia, the Bulgarian National Police carried out several searches on June 19, in an investigation into suspected passive corruption and abuse of office...

Investor's tip to Indian manufacturers: Adopt tech and become 'Silicon Valley' for global funds

Investor's tip to Indian manufacturers: Adopt tech and become 'Silicon Valley' for global funds

Given the government's generous incentives, the Indian manufacturing sector should adopt technology to become a "Silicon Valley" that attracts global sovereign funds, said Bengaluru-based industrialist-turned-investor Ankit Kedia. "Eventually, we...

Investors tip to Indian manufacturers: adopt tech and become Silicon Valley for global funds

Investors tip to Indian manufacturers: adopt tech and become Silicon Valley for global funds

Singapore, Jun 21 (PTI) Given the government's generous incentives, the Indian manufacturing sector should adopt technology to become a "Silicon Valley" that attracts global sovereign funds, said Bengaluru-based industrialist-turned-investor Ankit...

European Parliament appraises SL President’s pledge to decriminalise same-sex conduct between adults

European Parliament appraises SL President’s pledge to decriminalise same-sex conduct between adults

By: Isuru Parakrama June 21, Colombo (LNW): Members of the European Parliament have reportedly expressed their gratitude in the efforts put in place by Sri Lanka to decrminalise consensual same-sex conduct between adults. During a social media...

EU allocates €11M to support conflict-affected communities in South Sudan

EU allocates €11M to support conflict-affected communities in South Sudan

By Philip Buda Ladu European Union (EU) has committed a substantial €11 million to UN Refugee Agency (UNHCR) and the International Organization for Migration (IOM). Unveiled on Friday, the funding aims to foster long-term recovery and stability of...

EU Abandons Proposal to Lower Price Cap on Russian Oil

EU Abandons Proposal to Lower Price Cap on Russian Oil

The European Union shelved a plan for a stricter price cap on Russian oil exports over concerns that the US won’t back tougher sanctions due to rising crude prices. The EU has proposed lowering the cap to $45 per barrel from the current $60, but...

France Eases Travel Restrictions on Telegram Founder Pavel Durov

France Eases Travel Restrictions on Telegram Founder Pavel Durov

French authorities have relaxed judicial controls on Telegram founder Pavel Durov, permitting the Russian-born entrepreneur to spend up to two weeks at a time living in Dubai. Durov, 40, was arrested in Paris in 2024 and remains under...

France arrests five over cryptocurrency kidnapping

France arrests five over cryptocurrency kidnapping

Lyon: French authorities have arrested five people on charges of kidnapping the father of an influencer and cryptocurrency entrepreneur, prosecutors said on Saturday. In recent months France has seen several kidnappings and attempted abductions...

Europe’s Future Requires a Leaner, Smarter Brussels

Europe’s Future Requires a Leaner, Smarter Brussels

20 The warning signs are already flashing red. Supply chains are fraying. Industrial competitiveness is waning. The world’s power centres are drifting apart. Meanwhile, Brussels still acts as though we live in the 1990s—drafting white papers while...

Investment outlook for 2025 weak amid policy uncertainty, but Egypt among key bright spots: UNCTAD

Investment outlook for 2025 weak amid policy uncertainty, but Egypt among key bright spots: UNCTAD

Director of the Investment Research Branch at UN Trade and Development (UNCTAD), Richard Bolwijn CAIRO - 19 June 2025: Director of the Investment Research Branch at UN Trade and Development (UNCTAD), Richard Bolwijn, warned that global foreign...

Baltic Defense Line anti-tank ditch construction underway in Estonia

Baltic Defense Line anti-tank ditch construction underway in Estonia

Work has begun on anti-tank ditches in southeastern Estonia which will form part of the Baltic Defense Line. The Ministry of Defense says there is no " imminent military threat" but "readiness is key." The project is set to cost €4.4 million this...

EU Launches €6m Project to Hasten Ethiopian AfCFTA Participation

EU Launches €6m Project to Hasten Ethiopian AfCFTA Participation

The European Union has launched a six million Euro project geared towards kickstarting Ethiopia’s belated participation in the African Continental Free Trade Agreement (AfCFTA). The four-year project, dubbed ECOTRADE, was introduced in Addis Ababa...

EU parliament to urge faster justice reforms in Albania

EU parliament to urge faster justice reforms in Albania

The European Parliament will vote on July 8 to urge Albania to accelerate reforms—especially in the rule of law—following a critical report adopted by the Foreign Affairs Committee. The plenary resolution welcomes strengthened judicial...

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