India disputes Trump’s claim on Russian oil purchases
A senior Indian official has said that Donald Trump’s statement regarding India ending its purchase of Russian oil is inaccurate.
Denmark to spend $8.7 billion on F-35 jets and Arctic security
Denmark is set to spend $8.7 billion to acquire 16 F-35 fighter jets, while also deploying military equipment to Greenland.
Volkswagen close to sealing deal with the United States to reduce tariffs
Volkswagen is reportedly on the verge of finalising a deal with the United States, as tariffs imposed by the Trump administration continue to weigh heavily on the German carmaker’s business.
Ursula von der Leyen calls for suspension of EU free trade deal with Israel
European Commission president Ursula von der Leyen has called for the suspension of the EU’s free trade agreement with Israel, while acknowledging Europe’s inability to halt the worsening humanitarian crisis in Gaza.
US Treasury considers creating a $1 coin featuring Trump
To mark the 250th anniversary of US independence, the US Treasury is considering issuing a special $1 coin bearing Donald Trump’s likeness
EU urges Belgium to allow use of frozen Russian assets
The European Union is pressuring Belgium to allow the use of frozen Russian assets as a form of "reparation loan" for Ukraine.
Donald Tusk urges banks to accept higher taxes to fund the military
Polish Prime Minister Donald Tusk has called on banks to accept higher corporate taxes in order to drastically increase the country’s defence budget.
EU pledges to shield Spain from Trump’s tariff threats
Donald Trump has threatened to impose tariffs on Spain after the country refused to spend 5% of its GDP on NATO.
Chinese economy slows amid Trump’s tariffs
China’s economy slowed last month due to the impact of the trade war imposed on Beijing by US president Donald Trump, as both household spending and production declined during this period.
Nvidia becomes first company to reach $5 tn valuation
Nvidia has become the first company in the world to reach a market valuation of $5 trillion, just three months after crossing the $4 trillion mark.
France’s credit rating downgraded amid political crisis
Fitch Ratings downgraded France’s credit rating on Friday, as French president Emmanuel Macron appointed a new prime minister amid ongoing political and economic turmoil.
Bernard Arnault warns new wealth tax in France could wreck the economy
Bernard Arnault, Europe’s richest man and chief executive of luxury group LVMH, has warned that a new wealth tax would cost him more than €1 billion in France.
EU close to providing frozen Russian assets to Ukraine
The EU’s foreign policy chief, Kaja Kallas, said on Monday that many member states support a proposal to lend €140 billion to Ukraine using frozen Russian assets seized since the start of the war.
Denmark pledges €210 million to support Greenland
Denmark announced on Tuesday a plan to boost funding for Greenland, allocating €210 million for investments in infrastructure and healthcare services.
US economic growth revised upwards
The US economy grew faster than analysts had predicted, boosted by strong consumer spending and a drop in imports.