EU Commission head von der Leyen elected for second term
European Commission President Ursula von der Leyen was elected for a second term on Thursday after pledging to create a continental “defence union”.
Dow slides more than 500 points, S&P 500 closes lower in sharp sell-off Thursday: Live updates
The Nasdaq Composite slipped Thursday, as the tech-heavy benchmark failed to rebound from its worst session since 2022.
European Central Bank holds interest rates, says domestic price pressures ‘still high’
The European Central Bank held its latest monetary policy meeting in Frankfurt, Germany.
Germany to slash military aid budget in blow to Ukraine
Germany is set to reduce funds dedicated to strengthening partner countries in the areas of security, defense and stabilization, its draft budget shows.
UK wants to prevent a repeat of the Liz Truss ‘mini-budget’ crisis — which triggered huge bond sell-off
A new bill would prevent “significant uncosted measures” from being announced without an analysis of their impact on public finances.
China’s Communist Party removes ex-foreign, defence ministers from top body
The ruling Communist Party ended its long-delayed third plenum on Thursday, a meeting of the 205-member Central Committee held roughly once every five years to map out the general direction of the country’s long-term social and economic policies.
Nokia shares slide 8% after posting lowest quarterly net sales figure since 2015
Shares of Finnish telecom firm Nokia plunged after a steep drop in sales and operating profit in the second quarter.
‘Britain will be a friend and a partner’: UK’s Starmer aims to overhaul EU relations at key summit
The U.K.’s new Labour Prime Minister Keir Starmer is seeking to reset fractured relations with Europe as he hosts more than 45 heads of state at a summit.
Volvo Cars jumps 11% after reporting a record core operating profit
Shares of Volvo Cars rose sharply on Thursday after the company reported a jump in annual operating profit for the second quarter.
U.S.-China tensions are not a ‘new Cold War,’ veteran Singapore diplomat Bilahari Kausikan says
The term is “misleading” and only bears “superficial similarities to the U.S.-Soviet competition of [an] earlier era,” he says.
