logo
High-Speed Rail Plan to Link European Countries Gets $1 Billion Boost

High-Speed Rail Plan to Link European Countries Gets $1 Billion Boost

Newsweek29-05-2025
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources.
Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content.
Estonia's section of the Rail Baltica high-speed rail project has moved into its development phase after project leaders signed two major construction contracts valued at up to 932 million euros, the equivalent of $1.06 billion.
The contracts, awarded to international consortia led by GRK Suomi and Bouygues Travaux Publics, span the Ülemiste–Pärnu and Pärnu–Ikla railway sections. Construction preparations are now underway, with the goal of physically linking Estonia's capital to the rest of the Baltic region and Europe.
Newsweek contacted the managers of Estonia's section of the project via email for more information.
Why It Matters
The Rail Baltica project is one of the largest active projects in the European transportation industry, designed to connect the Baltic capitals of Tallinn, Riga, and Vilnius directly to Poland, and ultimately to Western Europe. The project took on a new urgency after the escalation of the war between Ukraine and Russia because it would make the Baltic states less reliant on Russian infrastructure.
What To Know
The construction procurement milestone allows Estonia's 215-kilometer portion of Rail Baltica to proceed, though the final construction relies on Latvia and Lithuania also delivering their segments of the rail.
The consortium led by GRK Suomi includes Finnish, Estonian, French and Swedish partners taking charge of substructure and superstructure works for the Ülemiste–Pärnu and Tootsi–Pärnu segments.
A new terminal for Rail Baltica by Zaha Hadid Architects.
A new terminal for Rail Baltica by Zaha Hadid Architects.
Zaha Hadid Architects
Bouygues Travaux Publics—working with partners from France, Poland and Estonia—is responsible for the Pärnu–Ikla section.
Rail Baltica is the largest railway project under construction in Europe, covering almost 900 kilometers. Once completed, it will connect passengers and freight from Tallinn to Warsaw through Latvia and Lithuania, and indirectly to Finland via ferry links. The plan is to have portions operational by 2028, with full completion set for 2030.
However, concerns have been raised by officials that Latvia may not be able to complete its segment on time, which would delay the entire project.
A joint audit from Lithuanian, Latvian and Estonian investigators found that the country may need 7.6 billion euros more than originally planned to complete its segment.
In response to the report, Andris Kulbergs, the chair of the Latvian Saeima's Rail Baltica inquiry committee, said: "We have a contract. All three of us—Estonia, Latvia and Lithuania—are in the same boat. If one of us fails, we all share the cost. The penalties must be paid even on another country's behalf."
What People Are Saying
The Lithuanian Ministry of Transport and Communications told Newsweek: "Rail Baltica is our strategic priority and a geopolitical necessity. The project aims to connect Lithuania, Latvia, and Estonia with their Western allies through a north-south railway axis using the standard European gauge of 1435 mm. This shift is crucial for the military mobility across the Baltics, enhancing our capacity and integration with Europe.
"Furthermore, the revised Trans-European Transport Network (TEN-T) Regulation now foresees the development of a new European-gauge railway line to Klaipėda and a new transport corridor connecting the Baltic, Black and Aegean Seas, thus further enhancing Rail Bartica's impact and reach.
"The strategic importance of Rail Baltica is growing not only considering the geopolitical situation in Europe, but also the expansion of the unified European transport network corridors and future connections with Ukraine. The Rail Baltica project will serve as a strong foundation for establishing a new economic and security corridor with Ukraine, which is crucial for our collective security."
What Happens Next
Construction on Estonia's section is set to begin after the current development phase, with major works expected in 2026.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Newsweek New & Noteworthy: Products You Need to Try (Jul 30, 2025)
Newsweek New & Noteworthy: Products You Need to Try (Jul 30, 2025)

Newsweek

time26 minutes ago

  • Newsweek

Newsweek New & Noteworthy: Products You Need to Try (Jul 30, 2025)

Produced [by our journalists] with financial support from an organization or individual that did not approve or review the work. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. CoverGirl recently launched a new lip and cheek tint, V8's released a spicy new flavor and Tombstone pizza now comes in a french fry style crust. If you're searching for new products to try, we've got you covered. Newsweek's New & Noteworthy, in partnership with the Best New Product Awards, is a weekly editorial feature that helps consumers discover the latest and greatest products! This series covers food and beverages, personal care, beauty, household care, home goods, baby and kids, pets and so much more. Follow along as we spotlight the innovations shaping tomorrow's trends. Each week, we bring you a curated selection of new and innovative products, ensuring you're always in the know about what's fresh and exciting across a range of consumer categories. Stay ahead of the curve with our expert insights and find your next favorite product right here. In this week's edition, you'll also find a fantastic vacuum for pet owners, Jolly Rancher flavored creatine, delicious string cheese and more. We hope you find something you love. Marketers looking to showcase their latest products can submit them for consideration by completing this form. PowerClean FurFinder Bissell PowerClean FurFinder. Bissell PowerClean FurFinder. New & Noteworthy Bissell has launched a cordless stick vacuum engineered specifically for life with pets. The 7.3-pound PowerClean FurFinder 3-in-1 machine features a removable battery that powers the machine for up to 40 minutes, plus a 200W motor and advanced headlight and brush roll technology. The one-of-a-kind FurFinder Tool uses strong bristles and a built-in de-furring strip to dig, lift, loosen and remove pet hair embedded in upholstery up to twice as fast. A must for anyone living with pets that shed. Buy PowerClean FurFinder for $229.99. Twix Snickerdoodle Cookie Chocolate Candy Bars Twix Snickerdoodle Cookie Chocolate Candy Bars. Twix Snickerdoodle Cookie Chocolate Candy Bars. New & Noteworthy Twix Snickerdoodle Cookie Chocolate Candy Bars are the nostalgic twist your tastebuds have been asking for. Made with classic crunchy cookies, layered with Snickerdoodle-flavored caramel and covered with milk chocolate. It's the perfect balance of familiar and trendy flavors and is sure to be a fan favorite. Buy Twix Snickerdoodle Cookie Chocolate Candy Bars for $2.99. CeraVe Balancing Air Foam Cleanser CeraVe Balancing Air Foam Cleanser. CeraVe Balancing Air Foam Cleanser. New & Noteworthy CeraVe's new Balancing Air Foam Cleanser is an innovative daily cleanser, formulated with three essential ceramides and soothing allantoin, which offers an ultra-gentle yet effective cleanse for all skin types, including sensitive skin. This fragrance-free, non-comedogenic foaming facial cleanser gently lifts away dirt, oil and impurities without disrupting your skin's natural barrier. Powered by innovative Glycolysine Cleansing Technology, it gently cleanses to help with oil control, plus 24-hour hydration in a lightweight, fresh foam. Buy CeraVe Balancing Air Foam Cleanser for $13.68. V8 Spicy Pineapple Jalapeño Juice V8 Spicy Pineapple Jalapeño Juice. V8 Spicy Pineapple Jalapeño Juice. New & Noteworthy V8 expanded its lineup with the launch of its first sweet and spicy innovation, V8 Pineapple Jalapeño, in time for summer vacations, backyard barbecues, beach days and all the moments in between. The refreshing drink, packed with two full servings of fruits and vegetables in every 8oz can, delivers the sweetness of pineapple with the heat of jalapeño, providing a kick of flavor. Buy V8 Spicy Pineapple Jalapeño Juice for $4.49. Cor-Performance Flavored Creatine: Jolly Rancher Green Apple and Cherry Cor-Performance Flavored Creatine: Jolly Rancher Green Apple and Cherry. Cor-Performance Flavored Creatine: Jolly Rancher Green Apple and Cherry. New & Noteworthy Releasing on the new launch blends performance and nostalgia with 5g of micronized creatine monohydrate to support lean muscle, strength and endurance, all in candy-inspired flavors that are actually delicious. Bonus: it mixes like a dream and has NO caffeine. Each delicious scoop packs 5g of micronized Creatine Monohydrate for excellent mixability and absorption to make enhancing your performance more enjoyable than ever. Buy Cor-Performance Flavored Creatine: Jolly Rancher Green Apple and Cherry for $24.99. CoverGirl Clean Fresh Jelly Water Tint CoverGirl Clean Fresh Jelly Water Tint. CoverGirl Clean Fresh Jelly Water Tint. New & Noteworthy CoverGirl has introduced a new lip and cheek tint. Clean Fresh Jelly Water Tint is a cushiony and hydrating tint for lasting soft-focus color. Lightweight jelly texture infused with refreshing water gel technology in six transfer-proof colors. The tints contain a black cherry and raspberry scent, feature a doe-foot applicator, are vegan and are formulated without parabens, talc and mineral oil. Buy CoverGirl Clean Fresh Jelly Water Tint for $10.99. Tombstone French Fry Style Crust Pizza Tombstone French Fry Style Crust Pizza. Tombstone French Fry Style Crust Pizza. New & Noteworthy Tombstone is debuting its first-ever French Fry Style Crust Pizza, a bold mashup of two favorite bar foods. Featuring a crispy potato-based crust and real cheese, the product line is available in two gluten-free varieties: Loaded Bacon Cheddar and Chili Cheese. Buy Tombstone French Fry Style Crust Pizza for $5.87. Nourish Nourish by MUD/WTR. Nourish by MUD/WTR. New & Noteworthy Nourish by MUDWTR is a first-of-its-kind mental wellness protein blend, crafted with 25g of organic plant protein, functional mushrooms, nootropics, adaptogens and gut-friendly probiotics. Available in Chocolate and Vanilla, it's designed to fuel both body and mind with clean, functional ingredients that support daily mental and physical performance. Buy Nourish for $80.00. Cheddarella String Cheese Cheddarella String Cheese. Cheddarella String Cheese. New & Noteworthy Frigo Cheese Heads brand has launched its latest string cheese creation: Cheddarella String Cheese. This delicious hybrid cheese combines the bold flavor of cheddar with the playful stringiness of traditional mozzarella. Each string cheese stick is individually wrapped for freshness and convenience, making them ideal for snacking on the go. Buy Cheddarella String Cheese for $5.99. Ben's Original Single-Serve Cups Ben's Original Single-Serve Cups. Ben's Original Single-Serve Cups. New & Noteworthy Ben's Original brand is redefining mealtime convenience with the launch of Ben's Original Single-Serve Cups, the perfect solution to mealtime dilemmas, providing a portable, microwave-ready option that delivers great-tasting rice in just minutes. Ideal for snacks, sides or as a base for any favorite meal, these compact cups bring convenience and flavor to the table — no matter how hectic the day. Available in four flavors. Buy Ben's Original Single-Serve Cups for $1.73. Written permission from Best New Product Awards Inc. is required to use the New & Noteworthy, Best New Product or Newsweek logos. Have any questions? Contact Kim Diamond at kdiamond@ Newsweek participates in various affiliate marketing programs, which means we may get paid commissions on products purchased through our links to retailer sites.

Energy Bills Rising Faster Than Rent and Groceries
Energy Bills Rising Faster Than Rent and Groceries

Newsweek

time28 minutes ago

  • Newsweek

Energy Bills Rising Faster Than Rent and Groceries

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Electricity costs are rising faster other budgetary essentials, and experts believe political and technological developments will only accelerate this trend in the future. According to analysis of government figures by data tech company and energy savings platform Arbor, average household electricity costs have risen from around 9 cents per kilowatt-hour (kWh) in 2004 to 19 cents as of June, a 111-percent increase that has outpaced both rent and groceries, as well as broader currency inflation over this period. Why It Matters Americans continue to grapple with high costs in 2025. Despite inflation cooling its 2022 peak of over 9 percent, it is still ticking above the Federal Reserve's target 2-percent rate. Rising energy costs threaten to further strain households budgets, and are being driven by a variety of factors, including the increased use of the U.S. grid to power data centers, and growing uncertainty as to how America will meet nationwide energy demand. What To Know According to Arbor, monthly electricity costs have risen 34 percent since 2020, compared to 25 percent for groceries, based on the Labor Department's "food at home" index. The firm dubbed electricity the "slow, silent inflation bomb ticking away in your monthly bill," and noted that, unlike food, customers are largely unable to "swap brands" to reduce their costs. It largely attributed this change, particularly the recent increases, to rising energy demands and the impacts on the U.S. energy grid. Prices have been driven this summer by increased fuel costs, as well as the growing energy demand of nationwide data centers. The latter are expected to account for an increasing share of America's energy needs—and bills—over the coming years. Transmission lines in Glen Canyon National Recreation Area on July 10, 2025, in Page, Arizona. Transmission lines in Glen Canyon National Recreation Area on July 10, 2025, in Page, Arizona.A December report from the Department of Energy found that data centers consumed around 4 percent of total U.S. electricity in 2023, and predicted that this figure would rise to between 7 and 12 percent by 2028. More recent analysis by the International Energy Agency found that data centers are on track to account for nearly half the growth in energy demand by 2030, while BloombergNEF forecasts data-center energy demand doubling to 78 gigawatts by 2035. America's ability to meet this growing demand may also be stymied by recent political developments. Experts told Newsweek that clean energy grant programs revised or rescinded under the One Big Beautiful Bill Act (OBBBA) could jeopardize a significant number of renewables projects across the country. Energy Innovation, a California-based climate policy think tank, estimates that this will result in a 10 to 18 percent increase in energy bills for consumers by 2035. In response to these concerns, the White House told Newsweek that the administration had taken "decisive steps to unleash American energy and drive oil and gas production to reduce the cost of energy," and that the OBBBA would "turbocharge" domestic oil production. What People Are Saying Arbor researchers wrote in their report: "Unlike food, you can't swap brands. You can't skip a meal's worth of electrons. Electricity is essential. And now, it's expensive." "We're heading toward a future where everything runs on electricity, and that's not a bad thing. Electricity is magic—we should be able to use it," they added. "But it only works if families can afford to plug in. If it's affordable, and not wasteful." Former U.S. Secretary of Energy Jennifer M. Granholm wrote in December that the U.S. had "seen an incredible investment in artificial intelligence and other breakthrough technologies over the last decade and a half, and this industrial renaissance has created greater demand on our domestic energy supply."

The Youngest Self-Made Female Billionaire Thinks You Should Take More Risks
The Youngest Self-Made Female Billionaire Thinks You Should Take More Risks

Newsweek

timean hour ago

  • Newsweek

The Youngest Self-Made Female Billionaire Thinks You Should Take More Risks

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Lucy Guo is firing on all cylinders, all the time. She wakes up before the sun rises to take two, sometimes three, sometimes four back-to-back classes at Barry's Bootcamp. She has both her motorcycle license and scuba diving license, although she prefers to zip around on her electric scooter. Even the speed at which she talks feels like a train zooming by. In that sense, her professional success has mirrored the breakneck pace at which she operates. In the last decade alone, Guo has been selected for a Thiel Fellowship, worked at Snapchat as the company's first female designer, co-founded artificial intelligence firm Scale AI, left Scale AI, founded a venture firm and launched her own social platform Passes. In May, the 30-year-old unseated Taylor Swift as the world's youngest self-made female billionaire with her net worth of $1.3 billion, which largely stems from her nearly 5 percent stake in Scale AI. (The firm achieved unicorn status in 2019 after a $100 million investment from the Founders Fund.) To no one's surprise, all of this happened much slower than Guo had anticipated. "I thought I was going to build another company right away," she told Newsweek about her 2018 departure from Scale AI. But Passes wouldn't come until years later. Women's Global Impact: Lucy Guo Women's Global Impact: Lucy Guo Newsweek Illustration Launched in 2022, the platform offers a way for creators to monetize direct-to-fan content, like subscriptions, livestreaming, pay-per-minute one-on-one calls, paid messaging and e-commerce stores. "You've built the audience. Now it's time to monetize your fanbase," its website states. The platform, whose slogan is "Passes makes millionaires—become the next one," appeals to creators through its low revenue split. On Passes, creators can keep up to 90 percent of their earnings, while the platform takes a 10 percent cut and charges a 30-cent transaction fee. Comparably, creators on OnlyFans only take home 80 percent of their earnings. Patreon, another competitor to Passes, takes 8 to 12 percent as well as payout fees, with most creators reporting deductions of 15 to 20 percent. Passes has largely been positioned as an alternative to OnlyFans, which was originally created as a general subscription platform but since become synonymous with explicit content. Asked about the comparison, Guo admitted that popular culture has made it a lot more difficult for Passes to stand on its own. "It is definitely an uphill battle, but I do think that as we continue gaining more creators and launching different features, hopefully we're able to fight that stereotype, and people are going to see the full vision of Passes," she said. The platform has already signed deals with well-known figures like influencer Jake Paul, NCAA gymnast Olivia Dunne, DJ and producer Kygo and media personality Paris Hilton. Paul has 28.4 million followers on Instagram, while Dunne, Kygo and Hilton each have 5.8 million, 5.5 million and 2.8 million followers on the app, respectively. Currently, the platform supports thousands of creators creators and millions of fans, with top creators earning seven figures per year, Passes A SPOKESPERSON? told Newsweek. Guo launched Passes after she realized it was really difficult for creators to strike deals with larger companies. "At some point, I was like, 'You know what? Maybe I'll do it myself," she said. Between 2022 to 2024, Guo raised $50 million for Passes over three rounds, bringing the company's valuation to $150 million. Lucy Guo launched Passes in 2022. The platform offers a way for creators to monetize direct-to-fan content, like subscriptions, livestreaming, pay-per-minute one-on-one calls, paid messaging and e-commerce stores. Guo currently serves as founder and CEO. Lucy Guo launched Passes in 2022. The platform offers a way for creators to monetize direct-to-fan content, like subscriptions, livestreaming, pay-per-minute one-on-one calls, paid messaging and e-commerce stores. Guo currently serves as founder and CEO. Passes The move from AI to the creator economy has been an adjustment. Guo said that creating an enterprise or business-to-business company, like Scale AI, is the obvious route to becoming a unicorn company, noting that "you can brute force your way into success." On the other hand, taking the consumer route into the creator economy is a lot more unpredictable. "It requires a lot of patience," Guo said. She likened it to working in Hollywood, pointing out that there are "a lot of personalities you have to deal with," and acknowledged that, "oftentimes, consumers don't know what they want." "You kind of just build it and see what gets adopted," she said. The tech founder tries to solve creator problems by observing the ways they connect with their fans, finding solutions that would make it easier for them to communicate and interact. Choosing to build a platform for creators may not have been the easiest move, but Guo recalls that she's "always optimized for learning." Every time she's had to figure out her next step, she tends to lean into areas where she's unfamiliar. "I think of what I'm leaving and what I'm gaining," she said. "If I'm not leaving life-changing money on the table, but I'm gaining more knowledge, that knowledge is going to be valuable down the road. Like, even if your first company doesn't work out, you're going to be able to take that knowledge and either get a job that pays more or start something else." Guo is thrilled to see more women enter the tech industry and become founders in their own right, explaining that these women will typically go onto become investors who fund tech project led by other female founders. She said the best advice she could offer another aspiring woman in tech is to hold off on fundraising until minimum viable product (MVP), an initial, scaled-down version of a product with just enough features for early adopters to provide feedback on. "MVPs can be created without using any technology sometimes," Guo said. "Let's say you wanted to create a babysitter-matching app. You can literally run it off of Google Forms and start getting revenue that way. Or if you wanted to create a B2B enterprise software tool. You can can start collecting [letters of intent] from companies because that makes your fundraising so much stronger." Guo will join Newsweek at this year's inaugural Women's Global Impact forum. The August 5 event, hosted at Newsweek's headquarters in New York City, will bring together some of the world's top female executives and connect them with rising stars across industries and job functions. For more information on the event and entry guidelines, please visit the Women's Global Impact homepage.

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