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.
European Central Bank set to hold rates with inflation picture muddying demand for cuts
Recent inflation data showed a decline in headline inflation but wage growth is a still serious headache for the ECB.
Asia chip stocks tumble amid news the U.S. may consider trade curbs
Chip stocks in Asia tumbled on Thursday following a tech selloff on Wall Street amid reports the U.S. may be considering tighter export restrictions.
