European Commission sues Austria and six states over NPL Directive
The European Commission has initiated legal action against Austria and six other EU member states at the European Court of Justice (ECJ) over their failure...
Month : February 2025
Modi and Trump launch talks for new India US trade agreement
Indian Prime Minister Narendra Modi and U.S. President Donald Trump have agreed to commence negotiations on a bilateral trade agreement, marking a significant step in...
PlayStation 5 drives Sony’s profit surge in December quarter
Sony has raised its full-year revenue and profit forecasts following a strong performance in the gaming sector during the December quarter. The Japanese technology giant...
Germany’s Commerzbank announces 3,900 job cuts as part of new plan
Germany’s second-largest lender, Commerzbank, announced plans on Thursday to cut 3,900 full-time jobs by 2028 as part of its latest strategic overhaul. The job reductions...
Korea to invest $285M in advanced industrial technologies
The Republic of Korea has announced plans to invest 414.2 billion won (approximately $285 million) in the development of advanced industrial technologies by 2031, aiming...
UNDP to launch first farmer insurance policy in Arab region this year
The United Nations Development Programme (UNDP) is spearheading a new initiative aimed at designing climate risk-based insurance policies to provide broad protection for farmers across...
EU AI Champions Initiative secures €150 billion funding boost
As the 2025 AI Action Summit unfolds in Paris, Europe is making a decisive push to establish itself as a global leader in artificial intelligence....
EU considers countermeasures if US imposes new trade tariffs
The European Commission has requested further clarification regarding U.S. President Donald Trump's recent announcement of imminent tariffs on steel and aluminum exports from European Union...
Austria unveils Industrial Hydrogen Valley to cut industrial emissions
Austria has launched the Industrial Hydrogen Valley (HI2-Valley) initiative to advance industrial decarbonization and accelerate the transition to clean energy. The project aims to establish...
Japan posts record $193 billion current account surplus in 2024
Japan recorded a historic current account surplus of 29.26 trillion yen ($193 billion) in 2024, marking the highest level on record, according to data released...