Sweden will spend 15 billion Swedish crowns ($1.6 billion) on air defence aimed at primarily protecting civilians and civilian infrastructure, the government said on Sunday.

The potential for British troops in the Danish territory comes days after the PM pledged boots on the ground in Ukraine

via PBS News Hour - The Latest — Speaking in Charlotte, North Carolina, Trump suggested that allowing Canada to become an associate EU member could be a "hostile act" and threatened to respond to the proposed move by imposing more tariffs on the bloc.

President Donald Trump said that he will hike US tariffs on cars and trucks from the European Union next week, charging that the bloc is not complying with an earlier trade deal.

The trade pact negotiated during the Trump era has split opinions in Europe. While the French Prime Minister lambasted the agreement as an act of surrender, the European Commission defended it as a calculated strategic move. The clash exposes deep fissures in Europe’s approach to trade and national…

Brussels authorities have opted to postpone retaliatory tariffs on U.S. goods in a bid to secure a trade deal by August 1. In a move that suggests they’d rather huddle and haggle than let tariffs fly immediately, EU officials remain committed to negotiation rather than confrontation.

US trade policy has taken a sharp turn as officials unveiled new tariffs on European goods, setting the stage for a contentious transatlantic trade relationship. With last-minute negotiations failing, markets now brace for sudden cost surges and supply chain disruptions amid rising global economic…

The European Union and the United States reached a provisional trade agreement shortly before the August 1 deadline, averting a threatened escalation of tariffs that could have severely damaged…

The Department of Home Affairs has publicly confirmed that it is in discussions with the US government regarding the sharing of Australians’ biometric data. This follows demands from the United States, particularly from the Department of Homeland Security and associated agencies like ICE, for countries in the Visa Waiver Program, including EU nations and New Zealand, to provide access to citizens’ biometric information. Home Affairs has, however, refused to disclose any further details about the nature or scope of these discussions. Previous reporting suggests that the data potentially includes not just fingerprints and facial recognition, but also voice and iris information. The announcement comes amid growing concern over privacy and the protection of sensitive personal information, with critics warning that such data transfers could be extensive and intrusive. Despite being pressured to confirm these talks, Home Affairs continues to limit public insight into the agreements, raising questions about transparency and oversight in international data-sharing arrangements. The story highlights tensions between national security obligations, international agreements, and citizens’ rights to privacy.

* Eurozone inflation depends on EU retaliation to the US. * Geopolitics since the starts of the year is bad news for the economy. * There is downward pressure on inflation. * Need to watch for China goods rerouting to Europe. * ECB June projections may be a little bit worse. * June ECB cut is needed. * There is no central scenario for ECB rates. * It's unclear if a post-June cut will be in July or September. * We are more or less there on inflation. * Quite high chances we'll be undershooting on inflation. Now that the US has made it clear that the 10% tariff rate is the floor, the ball is in EU's court. Will they take a more hawkish stance? This article was written by Giuseppe Dellamotta at www.forexlive.com.

Investing.com -- The European Union is prepared to implement countermeasures against the United States if trade negotiations between the two economic powers break down, EU trade chief Maros Sefcovic said Monday. Speaking after a meeting with EU ministers in Brussels, Sefcovic stated that EU member states had reached a consensus on the need for such measures should the talks fail to produce an agreement. Despite this stance, Sefcovic expressed optimism about the ongoing dialogue, saying there is "still a potential to continue the negotiations" with the United States. The trade chief emphasized that any potential deal would require approval from both EU member states and the European Parliament before it could be implemented. Sefcovic also revealed he planned to speak with his American counterparts later Monday to discuss the current state of negotiations. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?

Investing.com -- European wine producers expressed deep concern on Friday about the potential exclusion of wine from a list of sensitive goods in any trade agreement between the European Union and the administration of U.S. President Donald Trump, according to Reuters. "We are deeply concerned about the potential exclusion of wine from the list of sensitive goods included in the deal package," said Marzia Varvaglione, president of the European wine producers group CEEV. Products such as French Bordeaux, Italian Chianti, and Spanish Rioja heavily depend on the United States as their primary export market, with annual shipments valued at almost €5 billion ($5.84 billion). Earlier this week, reports indicated the EU was close to securing concessions to U.S. baseline tariffs of 10% for aircraft and parts, some medical equipment, and alcoholic beverages. However, it remained unclear whether wine would be included in the agreement. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?

MILAN (Reuters) -The United States’ "confrontational" trade stance towards Europe is a consequence of U.S. efforts to give Russia a seat in international forums and weaken its ties with China, a top European Central Bank policymaker said on Wednesday. ECB Governing Council member Fabio Panetta told a student conference in Milan he believed the European Union was paying the price for taking a firm stance against Russia in light of the war in Ukraine. In attempts to limit China’s international influence, the administration of U.S. President Donald Trump is ready to sacrifice its historic ties with Europe, he said. Western sanctions against Russia have strengthened Moscow’s ties with China in recent years. On Wednesday, Russia’s deputy economy minister urged Brazil to complement China in filling the gaps in Russian markets left by the exodus of Western companies. Panetta told the Young Factor conference in Milan that the United States saw Russia’s alliance with China as too big of a threat. "It would be extremely difficult to compete with China’s industrial, technological, and financial power if that is combined with Russia’s natural resources," Panetta said. "So I believe President Trump’s goal is to give Russia back its international legitimacy, so to speak ... If that’s the plan, then the economic area that most opposed Russia’s invasion of Ukraine, i.e., the European Union, is your worst enemy," he said. Trump told the Group of Seven summit in Canada on Monday that the G8 had been wrong to kick out Russia in 2014 after it annexed Crimea from Ukraine. Trump also said that while trade talks with the EU continued, he did not feel the EU was offering "a fair deal" yet and may have to "just pay whatever we say they have to pay." European Commission President Ursula von der Leyen told reporters at the summit that the objective was still to reach a deal before higher tariffs kick in on July 9 after a 90-day pause. Panetta said the difference between the average duty the EU applied to U.S. goods and the average U.S. duty on goods from the economic bloc was small, and the issue would have been easily solvable. "But if the EU is the obstacle as Washington seeks to distance Russia and China, that can explain the aggressive attitude towards a commercial partner," he said.