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The Latest Breaking News from EIB

European Investment Bank Group backs Commission's AI gigafactory plan

With €20 billion in public funding and EIB support, the European Commission is planning giant AI facilities to give companies and startups access to the massive computing power they need to keep up in the tech race.

Euronews

Europe eyes investments in Africa into clean energy and infrastructure

European and African leaders met in Luanda during the EU-African Union summit where they pledged to increase trade in renewable energy and critical raw materials. Shortly before, European leaders met in Johannesburg for the G20, where the bloc struck a trade deal with South Africa.

Euronews

EU signs €400 million financial agreement for Palestine

The European Commission and the European Investment Bank (EIB) signed a financing facility with the Palestine Monetary Authority (PMA) to support the Palestinian private sector, amid rising tensions in the West Bank and East Jerusalem.

Euronews

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EIB invests €17.5m to boost electric vehicle charging network across Greece and Cyprus

Funding supported by InvestEU will add 2,200 new EV chargers by 2029, boosting green mobility across Greece and Cyprus.

Euronews

European Investment Bank triples its financial commitment to defence

With a new financial ceiling of €100 billion for 2025, the European Investment Bank (EIB) aims to invest in defence, energy networks and technology.

Euronews

‘It’s a critical time’: European farmers struggle through driest spring in a century

Extreme weather costs the EU about €28.3bn in lost crops and livestock per year, more than half the losses stem from drought

The Guardian - UK

Access to EU investment is reason enough to face down the Brexiters

Letter: Brian Unwin highlights just how much long-term financing has been lost through leaving the EU. But Fawzi Ibrahim says sovereignty is priceless

The Guardian - UK

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Brussels hosts Syrian foreign minister for talks on country’s political and economic transition

The EU is hoping to rally further support for Syria’s fragile transition, days after sectarian violence erupted in the country’s coastal regions.

Euronews

EU leaders in Brussels to push for more security, defence funding

European Union leaders are gathering in Brussels on Monday to discuss boosting Europe's military funding in the face of multiple threats, including Russia's war on Ukraine – which is about to enter its third year.

Radio France Internationale

This timid ‘Ming vase’ strategy won’t turn Labour into a dynasty

Caution is understandable, but, if elected, Starmer and Reeves will need to make bold decisions on investment and Europe

The Guardian - UK

Why Europe is banking on Africa for its big-ticket investments

The European Union is investing heavily in Africa – pouring half of its global mega budget of €300 billion into projects on the continent. Renewable energy, internet access, transport, vaccines and education are several sectors benefiting from private and public EU funds – an effort that’s being supported by the…

Radio France Internationale

EU proposes major defence boost as it eyes Russia and Trump

Bloc moves to strengthen defence sector in face of Russian aggression and prospect of weakened US support.

Al Jazeera

EU leaders unveil €210m Mauritania deal in bid to curb people-smuggling

Plan includes energy and infrastructure projects with aim of strengthening stability in Sahel

The Guardian - UK

Spain's Calvino Beats Vestager To Head Bloc's Lender

Spain's economy minister Nadia Calvino on Friday won the race to lead the European Investment Bank, the bloc's lending arm whose significance has grown since war broke out in Ukraine.

International Business Times

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International Business Times

Spain Finance Chief Calvino To Head EU's Lending Arm

Spain's Economy Minister Nadia Calvino, the newly-named European Investment Bank (EIB) chief, is a politician who is well-versed in EU lore and a pragmatist with experience of navigating power struggles.

Radio France Internationale

EU bank announces new recovery funds for Ukraine

European Investment Bank (EIB) President Werner Hoyer visited Kyiv on Monday to discuss a multi-million dollar recovery initiative for Ukraine. It's his first visit there since the beginning of Russia’s invasion in February 2022.

The Guardian - AU

Russia-Ukraine war at a glance: what we know on day 576 of the invasion

Zelenskiy speaks to Canadian parliament after Justin Trudeau announces training for F-16 fighter pilots

The Independent UK

Starmer says no case for joining EU as he insists Brexit policy hasn’t changed

Labour leader defends stance – as Tories accuse him of ‘surrendering’ control of immigration

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The Guardian - UK

New UK banks’ post-Brexit investment only one third of lost EU funds

Exclusive: Thinktank says replacements for European Investment Bank have backed ‘fewer, smaller and lower-risk projects’

Bangkok Post

Transform development finance

In a world beset by rising temperatures, extreme weather patterns, and escalating natural disasters, the urgency of decisive action on climate change and the threat of future pandemics has never been more apparent. Both threats will affect us all. But the countries between the Tropics of Cancer and Capricorn --…

Birmingham Post

RSK Group seals brace of new lettings

Environmental and engineering firm has brought together teams into a single location in Birmingham city centre

Asharq Al-Awsat

Jordan Signs MoU for Gold, Lithium Exploration

Jordan's Ministry of Energy and Mineral Resources and the Arab Mining Company signed Sunday two memoranda of understanding (MoU) to excavate lithium in Wadi Araba's Fenyan area and gold in Aqaba's Jabal Mubarak area. The Jordan News Agency (Petra) quoted Minister of Energy and Mineral Resources Saleh Kharabsheh as saying…

Bangkok Post

Time to invest in global health

No one could have predicted the extent to which Covid-19 would erode decades of progress in public health. And the world is still reeling from the shock. But we have the opportunity -- and the duty -- to learn the right lessons to mitigate the ongoing pandemic, while minimising the…

Reuters

Head of EU's lending signals joint action plan for COP and giant Ukraine fund

The head of the European Union's powerful lending arm has urged leaders not to backslide on climate targets amid the energy crisis and signalled a joint action plan from the world's top development banks at next month's COP 27 summit and on Ukraine.

Reuters

EU lending arm aims to raise 100 billion euros to help rebuild Ukraine

The European Investment Bank, the lending arm of the European Union, is proposing a funding structure previously used during the COVID-19 pandemic to help rebuild Ukraine with up to 100 billion euros ($104.3 billion) of investment, according to a document seen by Reuters.

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