European climate losses hit €26 billion per year on average
A European Court of Auditors report reveals that the EU faces an average annual loss of €26 billion due to extreme climate events, with potential...
Tag : EU
EU’s €1.1 billion bicycle exports highlight shift to sustainable living
The European Union (EU) saw an impressive surge in its bicycle trade sector in 2022, registering a notable growth rate of 22 percent over the...
Pharmacy emerges as top category in EU’s high-tech exports, valued at €446 billion
The European Union (EU) witnessed a substantial surge in high-tech imports from non-EU countries in 2022, totaling an estimated €482 billion—an impressive 22% increase compared...
Somalia faces famine as US urges more donation
The first U.S. Cabinet member to visit Somalia since 2015 called on distracted donors to help a country facing deadly famine, which she called “the...
EU antitrust probe could lead to a $11.8 billion fine for Meta
The European Commission, which is the executive arm of the EU, has found Meta to be in violation of EU antitrust law. This is because...
A total of €328 billion was invested in R&D by the EU in 2021
In 2021, the EU spent €328 billion on research & development (R&D), an increase of 6% over the previous year (€310 billion). Data published by...
WHO Universal Health Coverage Partnership receives EU contribution of €125 million
A decade-long collaboration between the World Health Organization (WHO) and the European Commission will be strengthened to accelerate universal health coverage. As part of the...
Annual inflation up to 9.9 percent in the euro area, up to 10.9 percent in the EU
Annual inflation in the euro area rose from 9.1% in August to 9.9% in September 2022. The rate was 3.4% a year earlier. In September...
Number of commercial flights in August is closer to that of 2019 – EU
It has been reported that the number of commercial flights in the EU increased by 25% between August 2021 and August 2022. This is based...
EU spent €292 billion on environmental protection in 2021
Eurostat, the European Union’s statistical office, reported that the EU’s expenditure on environmental protection reached €292 billion in 2021, including investments and consumption. Spending on...