EconomyPolicy

EU Regional Development Funds Face Scrutiny as Budget Overhaul Sparks Debate

New economic research suggests the EU’s €392 billion cohesion policy generates minimal GDP returns, fueling controversy as Brussels proposes merging regional and agricultural funds. The planned budget overhaul would halve dedicated regional spending, drawing warnings from dependent regions about reversing decades of progress.

Economic Impact Under Scrutiny

The European Union’s flagship cohesion policy, designed to reduce regional inequalities, delivers limited economic returns according to new research emerging as Brussels prepares its most significant budget restructuring in over three decades. Analysis by Zareh Astryan, economics professor at Münster University, indicates that each euro spent through the €392 billion program generates only approximately €1 in additional GDP growth, the report states.

HardwareTechnology

Apple M5 Chip Debuts In New MacBook Pro And iPad Pro With AI Focus And Design Changes

Apple has unveiled its M5 processor in three new products available for pre-order with October 22 sales. The chip brings significant AI performance improvements and design changes across devices. Regional packaging adjustments exclude chargers in EU and UK markets while maintaining U.S. inclusions.

Apple M5 Chip Launch And Availability

Apple’s new M5 processor has officially been unveiled and will go on sale within days across three different products, according to reports. The chip will power the MacBook Pro 14-inch, iPad Pro, and Apple Vision Pro, with all devices available for pre-order now and scheduled to begin sales on Wednesday, October 22, sources indicate.