European Commission sues Austria and six states over NPL Directive
The European Commission has sued Austria and six other EU nations for failing to implement the Non-Performing Loans Directive, pushing for financial sanctions....
Month : February 2025
Modi and Trump launch talks for new India US trade agreement
Modi and Trump advance trade talks aiming for a $500B partnership by 2030, focusing on tariffs, energy, defense, and AI, with Musk exploring Tesla and...
PlayStation 5 drives Sony’s profit surge in December quarter
Sony raised its full-year forecast after strong PlayStation 5 sales lifted revenue and profits in the December quarter, surpassing analyst expectations and driving an 18%...
Germany’s Commerzbank announces 3,900 job cuts as part of new plan
Commerzbank will cut 3,900 jobs by 2028 while targeting a €2.4B profit in 2025, as part of a restructuring plan amid speculation over UniCredit’s increasing...
Korea to invest $285M in advanced industrial technologies
South Korea will invest $285M in AI, cybersecurity, and energy tech by 2031, aiming to drive innovation and industrial growth, according to the Ministry of...
UNDP to launch first farmer insurance policy in Arab region this year
UNDP plans climate risk insurance for 100 million Arab farmers, launching the first policy in 2025 to support food security and economic resilience in the...
EU AI Champions Initiative secures €150 billion funding boost
Europe is committing €150 billion to AI investment, aiming to accelerate innovation, drive economic resilience, and strengthen strategic sovereignty across key industries....
EU considers countermeasures if US imposes new trade tariffs
The EU considers retaliatory action if the US enforces tariffs on steel and aluminum, stating such measures are unjustified and urging Washington to provide official...
Austria unveils Industrial Hydrogen Valley to cut industrial emissions
Backed by €578 million investment, Austria's Industrial Hydrogen Valley will enhance green hydrogen output, cutting emissions and advancing industrial decarbonization....
Japan posts record $193 billion current account surplus in 2024
Japan recorded a record $193 billion current account surplus in 2024, fueled by strong foreign investment returns, a weak yen, and an improving trade balance,...