World & Politics
Norway, Sweden and Denmark to purchase €430 million worth of US weapons for Ukraine - 08/06/2025
Norway, Sweden, and Denmark will provide a combined total of €430 million in military assistance to Ukraine. The acquisition of American weapons will occur under the US-NATO mechanism that has been initiated. The Norwegian government's press release indicates that this aid package will feature “assistance for Ukrainian air defense, ammunition, and other essential weapons.” Over €230 million of...
Trump to significantly increase duties on Indian goods because of Russian oil - 08/05/2025
US President Donald Trump has vowed to markedly raise tariffs on Indian exports because, as per the American leader, India's imports of Russian oil aid in perpetuating the crisis in Ukraine. “India purchases large quantities of Russian oil. It then sells a significant portion of the oil on the open market, generating substantial profit,” he noted on Truth Social, mentioning that India overlooks...
Trump imposes 50% duty on copper imports - 07/31/2025
US President Donald Trump has declared the implementation of a 50% tariff on imported semi-finished copper products and items, expressing an intention to boost domestic manufacturing of these goods. “Unless stated otherwise in this announcement, all imports of semi-finished copper products and items (...) will incur a 50% tariff,” the announcement signed by Trump and released by the White House...
Eighteen EU countries request €127 billion in loans for defense investment - 07/31/2025
On Wednesday, the European Commission (EC) revealed that 18 EU member countries have sought a minimum of €127 billion from the Security Action for Europe (SAFE) joint defense investment initiative. The significant interest in SAFE, indicating possible defense acquisitions valued at a minimum of €127 billion, showcases the EU's solidarity and aspirations in the security and defense arena. “We...
Britain sets deadline for recognizing the State of Palestine - 07/30/2025
The British government has declared its plan to acknowledge the State of Palestine in September if the Israeli authorities do not act to conclude the conflict and address the humanitarian situation in the Gaza Strip, according to the British government website. The government declaration starts with expressing worry regarding the situation of the Israeli captives and the residents of Gaza. “We...
Trump says US ready to strike Iran again if necessary - 07/22/2025
US President Donald Trump stated that the US is prepared to target Iran's nuclear sites once more if needed. Iran's Foreign Minister Abbas Araghchi stated regarding the country's nuclear facilities: “The destruction is extensive; they have been ruined. Certainly it is, as I mentioned, and we will repeat it if needed,” Trump posted on The Truth social platform. The US President stated that...
EC allocates €131 billion for defense and space investments in 2028-2034 - 07/17/2025
The European Commission (EC) suggested designating over €130 billion in the EU's long-term budget for 2028-2034 towards investments in defense and space industries. This is five times greater than the sum estimated in the existing budget. “We propose €131 billion for defense and space. This amounts to five times more than what is planned in the existing budget, as we recognize that security is a...
China's economy loses $7.6 billion due to natural disasters in the first half of the year - 07/16/2025
According to Shen Zhanli from the Chinese Ministry of Emergency Management, natural disasters in China resulted in economic losses of 54.11 billion yuan ($7.55 billion) in the first half of 2025, as reported by Reuters. The economic loss was 41.9% lower compared to the previous year (93.16 billion yuan). The primary harm (51 billion yuan, or 90% of total losses) to the Chinese economy resulted...
EC announces agreement with Ukraine to combat poverty and homelessness - 07/15/2025
The European Commission (EC) greeted Ukraine's joining of the Employment and Social Innovation (EaSI) programme of the European Social Fund Plus (ESF+), “the EU's primary tool for investing in people.” “This week has been significant for Ukraine's future, with social rights and education central to that future,” stated Executive Vice-President Roxana Mînzatu. “The EC announced in a press...
Macron announces increase in France's defense budget to €64 billion by 2027 - 07/14/2025
French President Emmanuel Macron announced that France's defense spending will increase twofold by 2027 compared to the budget at the time he assumed office in 2017. “The budget will amount to €64 billion, thereby doubling from 2017, and by 2027, rather than by 2029 as initially scheduled,” Macron stated. The French leader indicated that to reach the intended amount, it will be essential...
