European industry may lose to American firms that receive state aid, the news outlet reports The EU is developing a major subsidy push to prevent European companies from being wiped out by US rivals that are receiving government aid, Politico reported on Tuesday, citing sources.

Britain subjected its multi-billion-pound aid programs to US military goals and got mired in corruption and criminality, a report claims Despite spending almost £3.5 billion ($4.23 bn) in aid over two decades on building a functional state in Afghanistan, Britain mostly failed to achieve its goals, a government watchdog said in a damning report. A…

The Alpine nation has imposed a ban on weapons deliveries to Moscow, with similar measures partly applied to Kiev Switzerland has prohibited weapons exports to Russia, a measure which will be partially applicable to Ukraine as well, the State Secretariat for Economic Affairs (SECO) announced on Wednesday, citing the nation’s neutrality stance. However, it did not…