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Markets

Euro rebounds ahead of crucial US inflation data and tariff hopes

The euro has rebounded against the US dollar over the past two trading days on news that the US president-elect may consider a gradual pace of hiking tariffs. However, the trend may be vulnerable to the upcoming US CPI, which is expected to remain sticky in December.

Business

Meta to cut 5% of workforce targeting 'lowest performers'

Summary: Meta is planning to cut approximately 5% of its workforce, or about 3,600 positions, in February. The cuts will be performance-based to “move out lowest performers faster” as it cited 2025 will be “an intense year.”

Europe News

European defence ministers say Trump’s 5% spending goal is unrealistic

US President-elect Donald Trump has called for NATO's 32 member states to spend 5% of their GDP on defence, up from the existing target of 2%.

USA

Report concludes Trump would have been convicted in 6 January case

Jack Smith's efforts to bring the once and future president to account for his actions were thwarted by tactical delays and Trump's re-election.

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Tech News

US's AI chips export proposal receives industry pushback

Though the rules are aimed at China, they could impact some European countries including Portugal and Switzerland.

Culture news

Donald Trump's inauguration acts have been announced

Village People have addressed their upcoming performance at Donald Trump‘s inauguration as President of the United States, acknowledging: "We know this won't make some of you happy to hear..."

EuroVerify

Fact-checking Trump’s claims about the California wildfires

The US president-elect has levelled a string of allegations against California governor Gavin Newsom, who has slammed Trump in turn for "politicising human tragedy."

USA

Biden says his administration forced Putin's failure in Ukraine

US President Joe Biden says Russia’s President Vladimir Putin has failed across the board during his single term presidency as he reflects on his administration’s foreign policy success one week before the end of his time in office.

Culture news

Who will perform at Donald Trump's inauguration?

Donald Trump will be sworn in as the 47th US president next Monday —and speculation remains high over which music acts will perform at the high-profile ceremony. The shortlist is... well, short.

Europe News

Golf merger could see early divergence of EU and Trump-US regulation

As LIV Golf and PGA Tour attempt to finalise a merger, the impact on sports entertainment and conditions for players will raise regulatory questions on both side of the Atlantic - but the outcome of US and EU merger scrutiny may differ.

Italy

Italy frees Iranian engineer whom the US wanted extradited

The Italian authorities freed Iranian engineer Abedini Najafabadi Mohammad on Sunday and he flew home to Iran soon after, ANSA news agency reported.

Europe News

Elon Musk slams EU's Thierry Breton as the 'tyrant of Europe'

The latest online war of words involves a Hungarian MEP, the former European Commissioner for Digital Affairs, and misinformation about the EU's power to interfere in elections.

Brussels, My Love?

Brussels, my love? Poland's New Year's resolution

In this edition, we ask if Poland's Donald Tusk can steer Europe to safety as he takes on the rotating presidency of the EU's Council; and whether the extraordinary interventions of Elon Musk make him the king of free speech — or a threat to democracy.

World News

Biden extends stay in US for 800,000 Venezuelans, Salvadorans

The Department of Homeland Security also extended Temporary Protected Status for more than 103,000 Ukrainians and 1,900 Sudanese that are already living in the US.

Europe News

Greenland's PM says his people don't want to be Americans

The United States is a strong ally of the European Union and the leading member of NATO and many in Europe were shocked by the suggestion that an incoming US leader could consider using force against an ally.

USA

Donald Trump to serve no jail time after hush money sentencing

The president-elect will still be inaugurated on 20 January, when he will become the US's first commander-in-chief to carry a felony conviction.

Europe News

Von der Leyen won't attend Trump's inauguration, seeks 'early contact'

There are "no plans" for Ursula von der Leyen to attend the inauguration of Donald Trump, the European Commission has confirmed.

No Comment

Trump and Biden pay tribute to Jimmy Carter

In separate ceremonies held on different days, Donald Trump and Joe Biden paid tribute to former President Jimmy Carter, honouring the legacy of the United States' 39th leader.

Europe News

Ramstein: Germany pledges tanks, missiles, and air defence for Ukraine

The German Defence Minister has pledged additional military aid to Ukraine at today's meeting of the Ukraine Defence Contact Group in Ramstein.

Europe News

Meloni joyful at Sala's release, denies dicussing Starlink with Musk

At her annual press conference, Italian Prime Minister Giorgia Meloni covered topics from the release of Cecilia Sala and Middle Eastern conflicts to relations with Donald Trump and the EU.