Intel Gets About $163 Million Trimmed From EU Antitrust Fine

The European Commission is expected to announce a significant reduction in the scope of its 2035 ban on new petrol and diesel cars, according to a senior Member of the European Parliament. This decision has sparked concerns among environmental campaigners, who argue that it undermines the EU's green deal and its commitment to combating climate change.

European leaders from the 'Coalition of the Willing' are set to hold a videoconference on Thursday to discuss ongoing support for Ukraine, with President Zelensky participating. This meeting comes as European nations face challenges in compensating for reduced U.S. aid, leading to a decline in overall support for Ukraine in 2025. While France, Germany, and the UK have increased their contributions, Italy and Spain have reduced or halted their aid.

EU regulators have conducted a raid on Temu's Dublin headquarters as part of an investigation into potential violations of foreign subsidy regulations. This action follows ongoing scrutiny of the Chinese online retailer, which has faced allegations regarding the sale of illegal content on its platform.

European nations are facing significant challenges in filling the gap left by the cessation of U.S. military aid to Ukraine, with a notable decline in overall support expected in 2025. While countries like France, Germany, and the UK have increased their contributions, Italy and Spain have reduced or halted their aid efforts. The European Commission is exploring the use of frozen Russian assets to support Ukraine, but this plan is encountering resistance, particularly from Belgium.

The European Commission has proposed to exempt AI gigafactories and datacentres from mandatory environmental impact assessments, marking a significant shift in EU environmental policy aimed at accelerating critical project approvals. This proposal is part of a broader initiative to dismantle existing green regulations, which has raised concerns among environmental advocates.