logo
EU to give Radio Free Europe 5.5 million euros after Trump funding freeze

EU to give Radio Free Europe 5.5 million euros after Trump funding freeze

Yahoo20-05-2025
BRUSSELS (Reuters) -The European Union will donate 5.5 million euros ($6.2 million) to support Radio Free Europe following a freeze on U.S. federal grants to the media outlet by the Trump administration, EU foreign policy chief Kaja Kallas said on Tuesday.
WHY IT MATTERS
The financial pledge comes after Trump ordered the termination of grants in March as part of sweeping efforts to downsize the U.S. government. Critics said the move could devastate a rare source of reliable news in authoritarian countries.
A U.S. District Court judge placed a temporary pause on the termination order but a federal appeals court this month blocked the ruling.
QUOTES
"In a time of growing unfiltered content, independent journalism is more important than ever," Kallas told reporters after a meeting of EU foreign ministers in Brussels.
"This will support the vital work of Radio Free Europe," she said, describing the move as "short-term emergency funding" to provide a "safety net" for independent journalism.
Radio Free Europe was not immediately available for comment.
CONTEXT
Radio Free Europe/Radio Liberty was set up during the Cold War to reach people in communist-run states. The Prague-based outlet still broadcasts to countries in Eastern Europe, including Russia and Ukraine.
The Czech Republic, as the media outlet's host country, has been pushing for Europe to find funds to keep it going.
"Our aim is to keep the mission, and the mission is providing free and fair information to societies in Russia, Belarus, Iran,' Czech Foreign Minister Jan Lipavsky told Reuters after the ministers' meeting.
Sweden said earlier this month it would donate 20 million crowns ($2.07 million) to Radio Free Europe/Radio Liberty, saying the U.S. decision meant people in many countries risked losing access to free media.
($1 = 0.8868 euros)
($1 = 9.6523 Swedish crowns)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Exclusive-Google offers new proposal to stave off EU antitrust fine, document shows
Exclusive-Google offers new proposal to stave off EU antitrust fine, document shows

Yahoo

time30 minutes ago

  • Yahoo

Exclusive-Google offers new proposal to stave off EU antitrust fine, document shows

BRUSSELS (Reuters) -Alphabet's Google has proposed fresh changes to its search results in an attempt to fend off growing criticism from rivals, a week before a key meeting that could lead to yet another EU antitrust fine, according to a document seen by Reuters. The U.S. tech giant has been under pressure after being hit with EU antitrust charges of favouring its own services such as Google Shopping, Google Hotels and Google Flights over competitors in March. It will meet its rivals and the European Commission to discuss its proposals during a July 7-8 workshop in Brussels, the document said.

Russian central bank governor says inflation is slowing faster than expected
Russian central bank governor says inflation is slowing faster than expected

Yahoo

time32 minutes ago

  • Yahoo

Russian central bank governor says inflation is slowing faster than expected

By Elena Fabrichnaya ST PETERSBURG, Russia (Reuters) -Russian inflation is slowing faster than the central bank expected, and there are signs of easing in the severity of labour market shortages, Governor Elvira Nabiullina said on Wednesday. The central bank forecasts inflation this year to be between 7% and 8%, but has recently indicated it is more likely to be at the lower boundary of that forecast - still well above its official target of 4%. Weekly inflation data for June showed that, on an annualized basis, inflation fell from 9.9% in May to 9.4% as of June 23. The central bank expects inflation to be on target by 2026. "Inflation is slowing faster than we expected,' Nabiullina told a banking conference, stressing that the central bank must balance lowering inflation with avoiding excessive cooling of the economy. Nabiullina said that if economic indicators pointed to a more significant slowdown than anticipated, the central bank would have room for bolder interest rate cuts. The bank cut rates by one percentage point to 20% last month, but has come under heavy pressure from politicians, bankers and business leaders to ease monetary policy much more aggressively. Nabiullina added that the rouble's recent strengthening has contributed to slowing inflation, but emphasized that the exchange rate should reflect the interests of all market participants. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Wizz Air Tops Major Airline Emissions Rankings
Wizz Air Tops Major Airline Emissions Rankings

Business Upturn

time33 minutes ago

  • Business Upturn

Wizz Air Tops Major Airline Emissions Rankings

Business Wire India Wizz Air is the world's most emissions-efficient airline in new rankings released today by Cirium, the aviation analytics firm. The Cirium Flight Emissions Review ranks the top 20 airlines globally, through a consistent benchmark for flight emissions. This press release features multimedia. View the full release here: The top 20 Major airlines globally, ranked by lowest CO2/ASK Wizz Air, the Hungary-based ultra-low-cost airline emits an industry low of 53.9 grams of CO₂ per Available Seat Kilometer (ASK)*, followed by Frontier Airlines (54.4 grams) and Pegasus (57.1 grams) according to the report. The rankings provide the aviation industry with verified comparable data on an equal playing field as the sector advances toward Net Zero by 2050 commitments. The rankings performance use Cirium's EmeraldSky platform, which achieved ISAE 3000 Reasonable Assurance from PricewaterhouseCoopers (PwC) and official accreditation from the Rocky Mountain Institute (RMI). Wizz Air, Frontier, and Pegasus Top 3; The Top 20 Major Airlines Ranked by CO2 Emissions/ASK The top 20 Major airlines globally are presented in the corresponding tables. Of note is the performance of Indigo, top in Asia, Volaris, top in Latin America and the Caribbean, and Jetstar, for its performance in Australia. The CO2/ASK Emissions of the World's Largest Airlines Cirium's reporting also ranked the 10 largest airlines in the world by ASK. At the head of the table is Ryanair, followed by Southwest Airlines, and Delta Air Lines. Each of the major U.S. carriers earned spots at the table, while Turkish Airlines, Qatar Airlines and Emirates rounded out a group of primarily long-haul operators. Enabling Fair Comparison Across the Industry 'For the first time, airlines can compare their emissions performance using a consistent, verified methodology,' said Jeremy Bowen, CEO at Cirium. "EmeraldSky provides the industry-standard benchmark that enables fair comparison and meaningful progress tracking." The comprehensive Review analyzed global operations using dual-accredited methodology, with the full report containing extensive findings across: Global Category Rankings showing the top 20 Major airlines and the World's 10 largest airlines by CO₂ per Available Seat Kilometer showing the top 20 Major airlines and the World's 10 largest airlines by CO₂ per Available Seat Kilometer Regional Performance breakdowns showing which airlines excel on intra-region and inter-region routes breakdowns showing which airlines excel on intra-region and inter-region routes Route-Level Improvements identifying specific airport pairs with the greatest efficiency gains identifying specific airport pairs with the greatest efficiency gains Operational Insights revealing how fleet composition, load factors, and route optimization drive performance differences The Review provides comprehensive operational insights that support industry-wide efficiency improvements, offering actionable intelligence for aviation stakeholders committed to sustainability progress. Setting New Industry Transparency Standards EmeraldSky's methodology achieved the highest level of assurance under International Standard on Assurance Engagements through rigorous independent review. The Rocky Mountain Institute's accreditation under the Pegasus Guidelines validates the approach for climate-aligned aviation financing, enabling banks and investors to make informed decisions based on verified emissions data. This standardized approach addresses aviation's fragmented sustainability reporting, where inconsistent methodologies have made meaningful comparisons impossible. The verified benchmark enables airlines to assess their operational efficiency accurately, investors to evaluate performance reliably, and corporations to report Scope 3 emissions with confidence. Quarterly Updates Drive Accountability The Flight Emissions Review will be updated quarterly, tracking performance changes and operational improvements across the industry. With hundreds of data points and detailed analysis across multiple categories, the report provides the most comprehensive view of aviation emissions performance available. Access the Complete Rankings and Analysis The full Flight Emissions Review, including detailed carrier rankings, regional breakdowns, route-specific analysis, and operational insights, is available for download at Notes to Editors * Available Seat Kilometers (ASK) is a metric in the airline industry that represents the total passenger capacity of an airline About Cirium Cirium® is the world's most trusted source of aviation analytics. The company delivers powerful data and cutting-edge analytics to empower a wide spectrum of industry players. It equips airlines, airports, travel enterprises, aircraft manufacturers, and financial entities with the clarity and intelligence they need to optimize their operations, make informed decisions, and accelerate revenue growth. Cirium® is part of LexisNexis® Risk Solutions, a RELX business, which provides information-based analytics and decision tools for professional and business customers. The shares of RELX PLC are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX. Download the complete Flight Emissions Review with full rankings, regional analysis, and operational insights at View source version on Disclaimer: The above press release comes to you under an arrangement with Business Wire India. Business Upturn take no editorial responsibility for the same. Ahmedabad Plane Crash

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store