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86 nations urge safer AI at New Delhi summit, but stop short of binding rules

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Dutch mayors sound alarm on polarization and threats to democracy ahead of local elections

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Slovakia warns it will cut emergency power to Ukraine if Druzhba oil transit is not restored

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Treasury grip on transport funding is holding back UK regional economies, think tank says

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EU flag confiscated at Milan-Cortina Olympics venue

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Russia escalates hybrid attacks across Europe, Dutch intelligence warns

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Belgium’s budget passes EU test as Commission signals leeway on 2025 overshoot

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Latest News

86 nations urge safer AI at New Delhi summit, but stop short of binding rules

86 nations urge safer AI at New Delhi summit, but stop short of binding rules 86 nations urge safer AI at New Delhi summit, but stop short of binding rules
  Dozens of countries have called for the development of “safe, trustworthy and robust” artificial intelligence, endorsing a joint...
Read More...

Dutch mayors sound alarm on polarization and threats to democracy ahead of local elections

Dutch mayors sound alarm on polarization and threats to democracy ahead of local elections Dutch mayors sound alarm on polarization and threats to democracy ahead of local elections
  As local elections draw closer, mayors across the Netherlands are issuing stark warnings about a political climate they say is becoming...
Read More...

Slovakia warns it will cut emergency power to Ukraine if Druzhba oil transit is not restored

Slovakia warns it will cut emergency power to Ukraine if Druzhba oil transit is not restored Slovakia warns it will cut emergency power to Ukraine if Druzhba oil transit is not restored
Slovakia has warned it may halt emergency electricity supplies to Ukraine if oil transit through the Druzhba pipeline is not restored by Monday,...
Read More...

Treasury grip on transport funding is holding back UK regional economies, think tank says

Treasury grip on transport funding is holding back UK regional economies, think tank says Treasury grip on transport funding is holding back UK regional economies, think tank says
  Central control by the UK Treasury over transport funding is slowing economic growth in the regions, according to a new report from the...
Read More...

EU flag confiscated at Milan-Cortina Olympics venue

EU flag confiscated at Milan-Cortina Olympics venue EU flag confiscated at Milan-Cortina Olympics venue
  An evening meant to celebrate sport and youth enthusiasm turned into a public controversy at the Olympic ice hockey venue in Milan. On...
Read More...

Russia escalates hybrid attacks across Europe, Dutch intelligence warns

Russia escalates hybrid attacks across Europe, Dutch intelligence warns Russia escalates hybrid attacks across Europe, Dutch intelligence warns
  The threat posed by Russian “hybrid activities” against European countries is growing in scale, intensity, and audacity, according...
Read More...

Belgium’s budget passes EU test as Commission signals leeway on 2025 overshoot

Belgium’s budget passes EU test as Commission signals leeway on 2025 overshoot Belgium’s budget passes EU test as Commission signals leeway on 2025 overshoot
  The European Commission has given a broadly positive verdict on Belgium’s public finances, saying the country’s federal budget remains...
Read More...

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Greece's Parliament was sworn in Wednesday (July 17) after July 7 elections that saw a broad conservative victory end over four years of leftist rule.

The six-party Parliament will officially begin its functions after electing a Speaker on Thursday.

New Prime Minister Kyriakos Mitsotakis' conservative government has made boosting sluggish growth a priority, powered by tax cuts and accompanied by privatisation deals.

The 51-year-old Harvard graduate and former McKinsey consultant has also pledged to create jobs and get rid of obstacles to business.

Mr Mitsotakis will outline his government's policies at the weekend before a vote of confidence late on Sunday.

His New Democracy party has 158 lawmakers in the 300-seat chamber.

The Greek debt agency said it had raised €2.5 billion (S$3.82 billion) in the sale, while the prime minister said the yield of 1.9 per cent was a "record low".

A previous seven-year sale in February 2018 had a yield of 3.5 per cent amid world market volatility.

Starting in 2020, Mr Mitsotakis has promised to cut a hated property tax called ENFIA - brought in by a previous New Democracy-led government during the economic crisis - by 30 per cent over two years.

REFORMS PACKAGE

He has also offered to reduce income tax thresholds and to gradually cut tax on business profits by 8 per cent.

But just hours after his July 7 victory, euro zone finance ministers warned the new government to stick to the country's strict public spending commitments.

"We must keep our commitments, this is the only way I know to gain credibility," said Eurogroup chief Mario Centeno.

On Tuesday, the euro zone's bailout fund director and a key EU official overseeing Greece's debt repayments, Mr Klaus Regling, suggested that tax cuts be coupled "with a broader tax base".

In a meeting with Regling later on Tuesday, Mr Mitsotakis "confirmed that Greece would respect fiscal targets", the prime minister's office said.

During the election campaign, Mr Mitsotakis said he would persuade Greece's creditors to accept the easing of targets with "a comprehensive reforms package".

The current framework negotiated with creditors by the previous leftist Syriza government holds Greece to a primary budget surplus of 3.5 per cent to 2022 - but the conservatives say that target stifles growth.

There are two fewer parties in Parliament than in the previous chamber, but two of them are new - Greek Solution, a nationalist party formed by TV salesman Kyriakos Velopoulos, and MeRA25, an anti-austerity party founded by maverick economist and Mr Tsipras's former finance minister Yanis Varoufakis.

"We are here to say a massive 'no' to whatever strengthens (Greece's debt burden)," Mr Varoufakis, whose party elected nine lawmakers, said before being sworn in on Wednesday.

In contrast, neo-Nazi party Golden Dawn was shut out of Parliament for the first time since 2012.

Golden Dawn, until recently Greece's third-ranking party, is in disarray amid an ongoing trial for the 2013 murder of an anti-fascist rapper, allegedly carried out with the knowledge of senior Golden Dawn members.afp

 

deneme