The European Union (EU) announced its most significant sanctions yet against Russia and countries that do business with Moscow in an effort to hurt the country’s economy over its ongoing war with Ukraine.
Tag: EU
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EU IMPOSES NEW SANCTIONS TO PUNISH RUSSIA AS PEACE EFFORT CRUMBLES
The European Union (EU) announced its most significant sanctions yet against Russia and countries that do business with Moscow in an effort to hurt the country’s economy over its ongoing war with Ukraine.
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TOP EUROPEAN CEO’S ASK EU TO PAUSE LAW GOVERNING AI
The chief executives of 44 major European corporations, including Airbus, BNP Paribas, and Philips, have signed a letter to European Union (EU) president Ursula von der Layen, urging the union to pause for two years its landmark law governing AI set to take effect next month.
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BERLIN CALLS ON EU BUDGET TO RAMP UP DEFENSE FUNDING
Berlin announced last week that it wants the next European Union (EU) budget, which will span seven years, to take a keen focus on military funding without increasing the overall spend because of economic challenges facing the block.
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TURKEY AND BELGIUM WILL JOIN DRONE COALITION TO HELP UKRAINE WITH ITS ATTACKS ON RUSSIA
Turkey and Belgium will join the international drone coalition to help support Ukraine in its war of attrition against Russia, Andris Spruds, the defense minister from Latvia, said last week.
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EUROPEAN UNION LAUNCHES PLAN TO BUILD AI “GIGAFACTORIES”
Sensing its economic revival in the works, the European Union (EU) has announced a plan to build a network of AI data centers and related infrastructure—what it’s calling “AI gigafactories”—to lure developers to design and train their new models on the continent.
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SPOTLIGHT: TRUMP’S TRADE WAR
The European Union (EU) is preparing a list of concessions to offer Donald Trump in exchange for easing or lifting tariffs on vehicles and other items that are already in effect and scheduled to rise on 2 April.
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EU THROWS EARLY SUPPORT BEHIND ARAB PLAN FOR POST-GENOCIDE GAZA
France, Germany, Italy, and Britain announced support for the Egypt plan for post-genocide Gaza that calls to keep Palestinians in place and with a price tag of €41 billion—a plan that has been rejected by both Washington and Tel Aviv.
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EUROPEANS ARE BUYING FEWER CARS
In August, the European Union saw an 18-percent drop in registrations for new cars, year on year, reflecting weak demand not only for electric vehicles but also for new cars in general.
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