The European Commission is investing over €233 million in twelve new strategic projects across Europe under the LIFE programme to support the implementation of the EU's environmental and climate ambitions.
The EU's environmental and climate goals are part of the European Green Deal.
These strategic projects are expected to mobilise substantial additional funds from other EU sources, including agricultural, structural, regional and research funds, as well as from national governments and private sector investment.
The funding awarded to these twelve strategic projects will support Bulgaria, Czechia, Ireland, Spain, France, Italy, Lithuania, Austria, Poland and Finland to reach national environmental and climate targets as they ramp up their contributions to the EU's green transition.
The LIFE programme is the EU's funding instrument for the environment and climate action.
Volkswagen's supervisory board has approved a transformation plan on Thursday that will include cutting another 50,000 jobs in its attempt to counter painful tariffs, overcapacity, and aggressive Chinese rivals.
The UAE Ministry of Economy and Tourism has outlined new regulations aimed at strengthening the fight against commercial fraud, protecting consumers and improving market oversight.
Apple is facing a £2 billion ($2.7 billion) London lawsuit brought on behalf of app developers over its app tracking rules, with the iPhone maker accused of abusing its power to unfairly impose greater restrictions on third parties.
Shares in online fast-fashion retailer Shein have fell 8 per cent in their first day of Hong Kong trade on Tuesday, with investors worried about the impact of setbacks that long delayed its listing and have undermined its competitive advantages.
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