EU Commission to propose dedicated defence and space investment in new fund
BRUSSELS (Reuters) -The European Commission will propose dedicating part of a new European Competitiveness Fund to resilience, defence and space, the EU executive's leadership said on Wednesday.
The Commission is expected to put forward a plan for a competitiveness fund to invest in strategic sectors and innovation as part of an upcoming proposal for the bloc's 2028-2034 budget.
"The gap to fill, after years of underinvestment and under attention to defence, is large," European Commission President Ursula von der Leyen and EU foreign policy chief Kaja Kallas wrote in a letter to European leaders on Wednesday.
"This is why the Commission's proposal for the next Multiannual Financial Framework will also address the need for substantial funding for defence in the years to come through a dedicated Resilience, Defence and Space window of the European Competitiveness Fund," they wrote.
EU leaders are expected to discuss defence priorities during a summit in Brussels on Thursday.
The discussion will take place a day after a NATO summit in The Hague, where alliance members committed to boosting defence spending to 5% of Gross Domestic Product.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
35 minutes ago
- Business Wire
Revenue Analytics Acquires Climber to Expand Global Hospitality Footprint and Strengthen European & Latin American Presence
ATLANTA & LISBON, Portugal--(BUSINESS WIRE)--Revenue Analytics, a leader in smart, AI-powered revenue optimization, today announced its acquisition of Climber, a Portugal-based Revenue Management Software (RMS) company serving boutique, independent, and regional chains across Europe, the Americas, and Brazil, where it is the market leader. The acquisition marks a strategic step in Revenue Analytics' global growth strategy, expanding its product portfolio and accelerating its reach in key international markets. Climber provides an intelligent, self-learning pricing platform that integrates directly with a hotel's reservation system and leverages market demand signals — including local events, city demand and market share, and competitors' data — to automate pricing decisions. With a focus on ease of use, fast deployment, and automation, they have been replacing time-consuming manual pricing processes and helping hoteliers capture incremental revenue with precision. In addition to its flagship RMS platform, Climber also offers Climber Market Strategy (CMS) — a powerful tool that delivers aggregated market share data across 40+ cities in Brazil and Portugal. Climber has experienced rapid growth, expanding at a 30% year-over-year rate, and holds a strong market position in Brazil and Latin America, alongside its growing European footprint. 'This is an investment in accelerated growth and global expansion,' said Bill Brewster, CEO of Revenue Analytics. 'Climber not only extends our reach in Europe and Latin America, but also brings us a talented team and a product that complements our mission to deliver pricing precision at scale. Together, we're creating a broader, more accessible suite of tools for the global hospitality market.' 'We're thrilled to join the Revenue Analytics team,' said Mario Mouraz, founder of Climber. 'Our missions are aligned — we both believe in putting powerful, intelligent pricing tools in the hands of hoteliers. With the scale of Revenue Analytics, we can now deliver an even greater impact and build faster on our vision to democratize Revenue Management.' As part of the acquisition, the full Climber team will join Revenue Analytics. The company, recently named a Built In Best Place to Work, is excited to welcome Climber's talent into its award-winning culture. This move strengthens Revenue Analytics' ability to serve a global customer base while expanding its presence across Europe and Latin America. The combined entity will a serve a portfolio of over 10,000 hotels across the globe — including some of the most iconic and respected names in hospitality — and will launch a new office in Portugal, reinforcing their strategic growth across Europe. About Revenue Analytics Revenue Analytics transforms complex data into a competitive advantage. As a leader in AI-powered revenue and margin optimization, its innovative solutions help businesses boost profits and drive sales performance through actionable insights and predictive analytics. Revenue Analytics empowers smarter pricing decisions that drive bigger profits. Learn how to unlock the full potential of revenue management at About Climber Climber is a cloud-based Revenue Management Software (RMS) company helping small hotel chains across Europe and Latin America maximize profitability. Its intelligent, automated platform replaces manual analysis with actionable pricing recommendations, enabling hoteliers to focus on what they do best — delivering exceptional guest experiences. To learn more visit
Yahoo
43 minutes ago
- Yahoo
Report Findings Highlight Opportunities for Brands to Unlock the Next Phase of Value in Resale With DPPs
A eBay and Bain & Company joint report indicates the need for brands to act quickly as new European Union regulations unlock meaningful opportunity for the next phase of value in resale, transparency and customer relationships. As reported by WWD, luxury brands will need to meet a new European Commission regulation called the Ecodesign for Sustainable Product Regulation. The regulation aims to make transparency and traceability a regulatory requirement for luxury brands made or sold in Europe. Digital product passports will become mandatory for textiles in 2026. More from WWD EXCLUSIVE: Stella McCartney, David Attenborough to Be Honored by New Environmental Start-up The Nat Cellugy Raises 8.1 Million Euros to Eliminate Microplastics in Personal Care Products Paris Good Fashion Report Says 5% Volume Cut Needed by 2030 to Stay Within Climate Limit In the collaborative report from eBay and Bain, the companies aim to reveal how the upcoming regulation could reshape the economics of fashion resale. According to the findings, lifetime product value will double and deliver up to 65 percent of the gains to consumers. The authors of the report said the findings 'point to a transformative opportunity for brands to redefine the value chain around transparency, trust and circularity — far beyond the immediate goal of regulatory compliance.' While nearly 90 percent of brands surveyed by Bain said they currently view DPPs as a regulatory burden, the report finds that the DPPs are also a commercial opportunity with potential for additional resale and services when supported by a DPP due to improved trust, traceability and ease. Bain encouraged companies to reframe DPPs as a 'strategic investment capable of generating ongoing revenue, driving sustainability and strengthening consumer relationships.' 'DPPs are more than just checking a compliance box,' said Aaron Cheris, a partner at Bain & Company. 'They are a foundational shift in how value is created, captured and sustained over a product's lifetime. Brands that act early can build a more direct, data-rich relationship with consumers, tapping into resale trends and personalizing services in powerful new ways.' According to the report, DPPs will unlock hidden value, specifically in the way brands will capture value when an item is resold. Additionally, brands will be able to see a product's entire journey from resale to disposal, giving data on the lifetime value of a product and potentially its ongoing revenue opportunities. The authors of the report said that as brands plan for DPPs, additional opportunities to create value include buyback and repurchase programs, ownership tracking and authentication, customer insight and acquisition, customer experiences, post-purchase services and circularity. Importantly, the report highlights that consumers will be the biggest beneficiaries of DPPs. Consumers will potentially capture up to 65 percent of the new value in the secondhand market's expansion as they engage with new and secondhand products in new ways. Resale will also become a more seamless experience and by making the secondhand market more accessible, efficient and profitable for consumers, DPPs will drive substantial growth in the secondary market. 'Digital product passports are critical to powering the future of circularity in fashion,' said Alexis Hoopes, vice president of global fashion at eBay. 'As a global marketplace at the forefront of resale, we're exploring how better product data can enable smarter buying, responsible selling and a more trusted platform. Unlocking value for consumers is a critical part of the connected product evolution.' Beyond sustainability, brands that rethink DPPs can invent new ways to create value and monetize services. DPPs address four core needs for brands including upstream traceability, system integration, authentication and downstream traceability. While some benefits will take time to mature, the companies' research team believes that early adopters will unlock advantages such as 'enhanced customer engagement, the ability to reach new customer groups, streamlined resale processes and deeper insights.' As the 2026 deadline approaches, Bain and eBay warn that companies that do not start acting on DPP infrastructure investment will potentially fall behind. As the deadline draws nearer, brands were advised to begin engaging consumers and testing resale models to lead the way in sustainable, data-driven fashion. Best of WWD The Definitive Timeline for Sean 'Diddy' Combs' Sean John Fashion Brand: Lawsuits, Runway Shows and Who Owns It Now What the Highest-paid CEOs at U.S. Fashion and Retail Companies Make Confidence Holds Up, But How Much Can Consumers Take? Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Coinbase (COIN) Secures MiCA License in Luxembourg to Accelerate EU Expansion
Coinbase Global, Inc. (NASDAQ:COIN) is one of the 12 best cryptocurrency and blockchain stocks to buy. On June 20, the company secured a license from Luxembourg, paving the way for the company to offer cryptocurrency services across the European Union. Photo by Jeremy Bezanger on Unsplash The company secured the Markets in Crypto Assets (MiCA) license from Luxembourg's Commission de Surveillance du Secteur Financier (CSSF). It is a significant milestone as MiCA seeks to create a harmonized legal framework across all 27 EU member states. Coinbase becomes the first US crypto exchange to receive the license. 'Coinbase is all in on Europe, and we're advocating for crypto's future across the continent,' Coinbase CEO Brian Armstrong told CNBC. 'MiCA has set the standard, and Luxembourg is leading the way with its pro-business climate and thoughtful approach to regulation.' Since 2023, Ireland has been Coinbase's base for European operations. However, with the new license, it will shift its base to Luxembourg, given the country's forward-thinking financial hub. The country stands out as it has four blockchain-related policies, while Ireland lacks crypto-specific laws. Nevertheless, the company is still investing in Ireland with plans to add around 50 jobs to its local office. Coinbase Global, Inc. (NASDAQ:COIN) is a financial services company that offers a range of cryptocurrency products and services tailored for retail investors, institutional clients, businesses, and software developers. While we acknowledge the potential of COIN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Sign in to access your portfolio
