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EIB is key to boost confidence in green investments, says new chief

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EIB is key to boost confidence in green investments, says new chief

The new head of the European Investment Bank told Euronews on Thursday that the institution should support farmers.

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The former Spanish deputy prime minister and economy minister, who took office in early January, told Euronews’ The Global Conversation that the green transition could be at risk if there is not enough private investment. 

Calviño pledged the EIB will help build investor confidence for projects in areas such as green hydrogen and battery factories. 

“Companies have to think twice before undertaking some of the necessary investments,” she said. “There is a lot of uncertainty and geopolitical tensions that also limit the tolerable risk for companies. That is why the EIB plays an important role in reducing investment risk.”

“When we invest in green hydrogen or in a circular battery factory, we are really making this project possible because we bring with us other public investors, but also private investors who see the role of the bank as a very important element of de-risking, but also of technical analysis,” she says. Calviño believes that the EIB endorses “to a certain extent that this is a viable project”.

EIB must ‘support the agricultural sector’

In recent weeks thousands of farmers have been protesting in several EU countries; one of their demands is to simplify environmental rules linked to the European Green Pact.

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Calviño believes the EIB should help both farmers and citizens in the ecological transition. “We need to support the agricultural sector to make the necessary investments. We need to support heavy industry to make these adjustments. We need citizens to have access to affordable green technologies if we want the process to be a success,” she argues.

The latest EIB report shows that over the past year the proportion of companies investing in energy efficiency has increased by around 10%. “What we see is that there is an increasing proportion of companies that are investing in their energy efficiency and in new technologies, and in the green transition in just one year,” she says.

But Calviño acknowledges that the key to fighting climate change is to move forward. “There is a clear understanding that there is no choice. Climate change is a real threat. It is a challenge and we have to adapt. It is less costly. It is much more efficient to invest and have an orderly transition,” he explains.

The EIB will also play a key role in the reconstruction of Ukraine, where it has already invested €2 billion in the war-torn country.

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Interpol issues red notice for Ukrainian woman wanted for Monaco apartment bombing targeting oligarch

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Interpol issues red notice for Ukrainian woman wanted for Monaco apartment bombing targeting oligarch

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The International Criminal Police Organization (Interpol) issued a red notice Friday for Anastasiia Berezovska, a 39-year-old Ukrainian national suspected of bombing a Monaco apartment building that reportedly targeted a Russian-linked Ukrainian oligarch.

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The June 30 apartment building explosion, according to numerous media reports, injured Vadym Yermolaiev, a Ukrainian-born construction magnate.

While declining to identify any of the victims by name, Monaco public prosecutor Stéphane Thibault also revealed the explosion injured a woman and a 13-year-old child in the apartment who media reports widely claim to be members of Yermolaiev’s family.

‘PARCEL BOMB’ EXPLODES IN MONACO RESIDENTIAL AREA, LEAVING 2 CRITICALLY INJURED: REPORTS

Berezovska, according to Interpol, is now wanted on charges of attempted murder, depositing an explosive device on a public highway with criminal intent and criminal association.

Interpol identified the Ukrainian national as a dark-haired German-speaking woman who possibly has a tattoo of a snake on her arm.

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Surveillance photo of Anastasiia Berezovska (Interpol)

The 39-year-old suspect was initially believed to be a heavy-set man. Monaco Deputy Prosecutor Morgan Raymond even initially referred to the suspect in masculine terms.

“He stood up a few meters ahead of the victims, placed an explosive device taken from his shopping bag on the entrance steps of the building, then turned to confirm the presence of the three victims before triggering the explosion using a remote control,” Raymond said at an initial news conference after the incident.

RUSSIA UNLEASHES NEARLY 600 MISSILES AND DRONES ON KYIV IN DEADLIEST STRIKE SINCE MAY

Prosecutors reviewed footage of the days leading up to the explosion, finding that a man wearing a fishing hat repeatedly cased the apartment building and surrounding area. However, on June 28, the man was absent from security footage. Instead, a woman — who prosecutors now believe to be Berezovska — followed the same patterns as the man.

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Surveillance photo of Anastasiaa Berezovska (Interpol)

“The repeated reconnaissance operations and the pauses made in front of the building clearly demonstrate the intention to specifically target the three victims,” Raymond said.

Investigators tracked her escape across the Monaco-France border, through Italy and into Germany, where authorities are now actively looking for her. They raided her Frankfurt apartment Thursday.

Raymond noted that the sophistication of her explosive device gives prosecutors reason to believe she did not act alone.

“The relative sophistication of the explosive device and the modus operandi appear to indicate that the person who placed the device was not acting alone,” Morgan said.

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The damaged entrance of a residential building after an explosion in Monaco June 30, 2026. (Reuters/Alexandre Dimou)

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Though authorities have provided no motive, Yermolaiev’s status as a sanctioned former Ukrainian is notable.

The 58-year-old construction tycoon renounced his Ukrainian citizenship in 2017, Ukrainian media reported, and has been a citizen of Cyprus since 2019. 

In 2023, the Ukrainian government sanctioned him for allegedly continuing to engage with Russia, paying taxes to Moscow and facilitating business transactions through his liquor business in Crimea, a Ukrainian peninsula which Russia annexed in 2014.

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Germany’s Merz defends NATO spending after Trump calls it ‘ridiculous’

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Germany’s Merz defends NATO spending after Trump calls it ‘ridiculous’

Back and forth over defence spending comes as NATO leaders set to meet in Ankara next week.

German Chancellor Friedrich Merz has defended his country’s NATO defence spending, shortly after US President Donald Trump re-upped his criticism of alliance members.

The statement on Friday came as NATO leaders were set to meet next week in Ankara. Trump has decried defence spending by members of the bloc throughout his political career, calling the balance of spending “ridiculous” and “one-sided” in his latest Truth Social posts on the issue earlier this week.

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In one post, Trump said Germany’s spending was “MUCH ⁠LOWER” between 2014 and 2025 than the US or other NATO allies, which he again called “Ridiculous!”

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When asked about the comment, Merz said Germany would double its defence budget within four years.

“This is the greatest effort we have ever made to strengthen our defence capabilities. In this respect, we have ‌no reason to shy away from anyone,” Merz said.

“We will state this, with all due modesty, and we are doing so as the European Union’s largest member state, bearing a responsibility within Europe,” he said.

US and European ties have been strained throughout Trump’s first term from 2017 to 2021 and his current term, which began in January 2025.

However, while largely dismissive of the president during his first four years in office, several European leaders have sought a more amenable approach to the president this time around.

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At the behest of the US, NATO leaders agreed to spend 3.5 percent of their countries’ GDP on core defence items, such as weapons and troops, ⁠by 2035, an increase of the previous goal set by the bloc of 2 percent of its GDP.

However, relations have since frayed over several issues, including Trump’s pledges to take control of the autonomous Danish territory of Greenland. Denmark is a member of NATO.

The US-Israeli war in Iran has also proven to be a major wedge, with Trump launching the conflict without consulting European allies who have dealt with the fallout of the closure of the Strait of Hormuz.

Trump had repeatedly condemned European allies for not joining the war effort.

Merz, meanwhile, roiled the president by saying in April the US had been “humiliated” by Iran. Trump, in turn, said the US would withdraw 5,000 troops currently stationed in Germany.

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Speaking on Friday, Merz said Germany was ahead of schedule to reach its NATO commitments.

“We will reach the 3.5 percent benchmark set in The Hague as early as 2029,” he told reporters, “well ahead of the agreed deadline”.

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Iran prepares for dayslong funeral for late Supreme Leader Ayatollah Ali Khamenei, killed in war

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Iran prepares for dayslong funeral for late Supreme Leader Ayatollah Ali Khamenei, killed in war

TEHRAN, Iran (AP) — Iran prepared Friday for the dayslong funeral of the late Supreme Leader Ayatollah Ali Khamenei, with banners across Tehran urging the public to rise up in support of the Islamic Republic after the devastating war that killed the 86-year-old cleric.

The country’s theocracy plans to see millions flood the streets of the capital beginning Saturday in scenes reminiscent to the burial of the late Supreme Leader Ayatollah Ruhollah Khomeini in 1989.

That could provide a boost for Iran’s government, particularly as it tries to leverage its hold on the Strait of Hormuz in negotiations with the United States over a permanent end to the war, and as concern still lingers that Israel could attack yet again.

Despite that, a powerful general who leads Iran’s paramilitary Revolutionary Guard emerged publicly for the first time in months for the funeral. Other top government officials likely will be on hand alongside foreign dignitaries as well in show of strength of Iran.

“As long as these people, who are chosen (by God), are on the field, we will definitely continue the same ‘no to humiliation’ policy that was founded by the Islamic Republic,” said Mohammad Hossein Rezaei, a volunteer preparing for the funeral Friday.

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“We will continue our policy of pursuing independence, and decisions will be made inside the country, and the people will decide their own fate,” he said.

Caskets displayed in Tehran

Khamenei’s flag-draped coffin sat at Tehran’s Grand Mosalla alongside family members killed in the Israeli airstrike that came in the first moments of the war on Feb. 28.

The dead being honored include a son-in-law, his eldest daughter, a 14-month-old granddaughter and the wife of Iran’s new Supreme Leader Ayatollah Mojtaba Khamenei, the son of the previous leader who remains in hiding after reportedly being wounded in the attack.

Religious leaders and foreign dignitaries walked up to Khamenei’s casket as a military band played or a man sang prayers.

Video published by Iranian state media showed an earlier mourning ceremony Thursday night for Khamenei. The black-clad mourners, whom state media identified as coming from families of those who lost loved ones in the 12-day war in 2025 and the recent Iran war, threw scarves and other items for attendants to brush against the coffin, a common practice in Iran seen as a blessing.

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Later, state media showed images of Khamenei’s casket draped by a red flag with white calligraphy reading “Ya Hussein,” a Shiite expression in remembrance of the 7th-century martyrdom of the Prophet Muhammad’s grandson. It had been flying over the Imam Hussein golden-domed shrine in Karbala, Iraq. The flag also traditionally symbolizes both the spilled blood of someone unjustly killed and a call for vengeance.

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Top general appears for first time in months

Photos published online by Iranian state media showed Gen. Ahmad Vahidi attending a meeting Thursday about the funeral of Khamenei, then sitting alongside his casket as Iran’s theocracy held a smaller service for him Thursday night near the supreme leader’s former home in downtown Tehran.

Vahidi has become a major player in formulating Iran’s tough stance in negotiating a possible permanent end to the war with the United States, experts say. He hadn’t been seen publicly since Feb. 8, weeks before the Iran war began. Israel killed top leaders in Iran’s military and government during the war, and has threatened the life of Ayatollah Mojtaba Khamenei as well. Vahidi is believed to be part of a small clique in direct contact with the younger Khamenei.

It remains unclear whether Khamenei will appear at his father’s funeral. His father appeared in 1989 at Khomeini’s funeral, weeping visibly, as he began his journey to lead Iran for decades with an iron fist while confronting the West.

Israel repeatedly has threatened to kill Khamenei, something that drew a warning from Iran’s joint military command Thursday.

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“We warn the enemies of a strong Iran, especially the United States, the Israeli regime and their regional and extra-regional accomplices, to avoid any miscalculation and to consider the harsh and regret-inducing responses that the sons of the Iranian nation in the armed forces will give to any threat or aggression against our beloved country,” the military command said.

Funeral to go on for days

Beginning Saturday, Iran will hold the dayslong funeral for Khamenei and his body will be transported to cities in both Iran and neighboring Iraq. Authorities plan to shut down streets, airspace and daily life in Tehran as mourners commemorate the life of Khamenei.

In Tehran, images of the late Khamenei’s fist could be seen in banners and in a giant statue in Tehran’s Enghelab Square. In his first message to the nation, read by a state television anchor, Mojtaba Khamenei said he saw his father’s body after his death with raised, clenched fist.

The banners read in Arabic, English and Farsi: “We must rise.”

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Gambrell reported from Dubai, United Arab Emirates. Associated Press writer Amir Vahdat in Tehran, Iran, contributed to this report.

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