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The European Commission on Friday proposed five major cross‑border defense projects, paving the way for EU funding. Designated as European Defense Projects of Common Interest (EDPCI), they include: a drone and counter‑drone program involving 26 EU me

2026-07-03

The European Commission on Friday proposed five major cross‑border defense projects, paving the way for EU funding. Designated as European Defense Projects of Common Interest (EDPCI), they include: a drone and counter‑drone program involving 26 EU member states plus Norway and Ukraine; an Eastern Flank vigilance project with 13 EU members, Norway and Ukraine; an integrated maritime and undersea defense project; an air and missile defense and early‑warning project; and a space‑based defense project. EDPCI projects are seeded with an initial €325 mln allocation under the European Defense Industrial Programme (about $372 mln); additional funding may follow.

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2026-07-03

GFZ reported a magnitude-6.25 earthquake on Sakhalin Island.

GFZ reported a magnitude-6.25 earthquake on Sakhalin Island.
2026-07-03

According to sources and Reuters calculations, the price of Russian Urals crude oil at western ports fell below $45 a barrel in July, a 60% drop from its March high.

According to sources and Reuters calculations, the price of Russian Urals crude oil at western ports fell below $45 a barrel in July, a 60% drop from its March high.
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