• Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
Close Search
00
GBAF LogoGBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
GBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on May 20, 2025

    Featured image for article about Headlines

    BRUSSELS (Reuters) -The European Union will donate 5.5 million euros ($6.2 million) to support Radio Free Europe following a freeze on U.S. federal grants to the media outlet by the Trump administration, EU foreign policy chief Kaja Kallas said on Tuesday.

    WHY IT MATTERS

    The financial pledge comes after Trump ordered the termination of grants in March as part of sweeping efforts to downsize the U.S. government. Critics said the move could devastate a rare source of reliable news in authoritarian countries.

    A U.S. District Court judge placed a temporary pause on the termination order but a federal appeals court this month blocked the ruling.

    QUOTES

    "In a time of growing unfiltered content, independent journalism is more important than ever," Kallas told reporters after a meeting of EU foreign ministers in Brussels.

    "This will support the vital work of Radio Free Europe," she said, describing the move as "short-term emergency funding" to provide a "safety net" for independent journalism.

    Radio Free Europe was not immediately available for comment.

    CONTEXT

    Radio Free Europe/Radio Liberty was set up during the Cold War to reach people in communist-run states. The Prague-based outlet still broadcasts to countries in Eastern Europe, including Russia and Ukraine.

    The Czech Republic, as the media outlet's host country, has been pushing for Europe to find funds to keep it going.

    "Our aim is to keep the mission, and the mission is providing free and fair information to societies in Russia, Belarus, Iran,” Czech Foreign Minister Jan Lipavsky told Reuters after the ministers’ meeting.

    Sweden said earlier this month it would donate 20 million crowns ($2.07 million) to Radio Free Europe/Radio Liberty, saying the U.S. decision meant people in many countries risked losing access to free media.

    ($1 = 0.8868 euros)

    ($1 = 9.6523 Swedish crowns)

    (Reporting by Andrew Gray and Lili Bayer; editing by Edward Tobin)

    Recommended for you

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe