Egypt secures $1 billion World Bank reform support
Egypt gains new World Bank funding to boost private sector jobs, strengthen fiscal stability and support greener growth goals nationwide....
Tag : European Commission
EU softens 2035 ban on combustion engine vehicles
BRUSSELS, December 17, 2025: The European Union is set to ease its planned 2035 ban on the sale of new combustion engine vehicles after sustained pressure from automakers and several member states, marking a significant policy adjustment in the bloc’s long-term climate agenda. The European Commission is preparing to revise the existing regulation that requires......
Germany requests EU escape clause to raise defence outlay
Germany has requested an EU budget exemption to increase defence spending amid rising Russian threats....
EU Parliament backs lower gas fill target to curb costs
EU lawmakers adopt flexible gas storage rules to stabilize prices and extend the EU scheme until 2027, lowering mandatory fill targets to 83% for winter readiness....
EU retaliates against US steel and aluminum tariffs
The European Union will begin collecting tariffs on U.S. goods from April 15 in response to American duties on steel and aluminum....
EU steel safeguard rules effective from April 2025
The European Commission tightens its steel safeguard to protect EU producers from rising imports and global overcapacity....
Digital Markets Act enforcement pushes Google and Apple to react
The EU’s Digital Markets Act targets Google and Apple for alleged anti-competitive practices, sparking legal and geopolitical tensions....
EU presents European defence white paper amid security challenges
The EU’s European Defence White Paper outlines a €150 billion plan to strengthen defence investments and accelerate military capability development....
EU retaliates with $28 billion in counter tariffs on U.S. imports
EU imposes $28 billion in counter tariffs on U.S. goods after new steel and aluminum duties, escalating trade tensions....
Europe’s security at risk without critical medicines, ministers warn
The Critical Medicines Act could be integrated into EU defence funding, ensuring a stable supply of essential drugs amid geopolitical uncertainties....