EU approves Chips Act aiming to double semiconductor market share by 2030

Abida Shaheen The Council of the European Union approved a regulation to strengthen Europe’s presence in the world of semiconductors, better known as “Chips Act”. The legislation aims to create better conditions for European countries to get into semiconductor manufacturing, attract investments, promote research and innovation and prepare the continent for any future supply chain […]

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EU says slavery inflicted ‘untold suffering’, hints at reparations

Newswire Brussels: The European Union (EU) said on Tuesday that Europe’s slave-trading past inflicted “untold suffering” on millions of people and hinted at the need for reparations for what it described as a “crime against humanity”. From the 15th to the 19th century, at least 12.5 million Africans were kidnapped and forcibly transported by mostly […]

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Innovation Fund: EU invests €3.6 billion of emissions trading revenues in innovative clean tech projects

Celina Ali The Commission is awarding over €3.6 billion to 41 large-scale clean tech projects, to be financed through the EU Innovation Fund. With a focus on the REPowerEU Plan and phasing out Europe’s imports of Russian fossil fuels, these projects cover a wide range of industries, such as cement, steel, advanced biofuels, sustainable aviation […]

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