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At equinore. UK. Good morning from the Financial Times. Today is Monday, June 24th, and this is your

FD news briefing. The European Union has found a solution to the hungry problem.

And you know the kinds of securities that help bring down the housing market in 2008?

Well, they're back. Sort of.

Plus, India is working really hard to cash in on artificial intelligence.

It wants to make sure that it becomes a leading AI hub.

Then they're offering all sorts of incentives

for companies to come and invest.

I'm Kasha Brussalian, and here's the news

you need to start your day.

The European Union has come up with a way to get money to Ukraine, even if Hungary isn't on board.

Chief diplomat Joseph Burrell told the FT that the block had devised a legal loophole that was quote

sophisticated but it flies. This is a big deal because the EU

recently agreed to use the profits from Russia's frozen assets

to buy weapons for Ukraine. The G7 also came up with a plan to give

Kieve a $50 billion loan which would then be paid off using these same profits.

But Budapest doesn't want the block to give military support to Ukraine and

it's vetoed a lot of other decisions to do so. Hungary is the most pro-Russian of EU member states.

The bloc's foreign ministers are going to discuss the work around at a meeting later today.

Something called collateralized loan obligations are being sold at a record pace in Europe.

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