EU to exclude US, UK and Turkey from €150bn rearmament fund
Victory for France-backed ‘Buy European’ approach to defence spending
Read more at Financial Times
Topics
-
Von der Leyen says €150bn defence loans should be spent in Europe
Funds to be used on weapons from EU and like-minded European nations such as UK, Norway and SwitzerlandFinancial Times - Mar. 11 -
France and Germany clash over ‘buy EU’ weapons
Berlin says new €150bn funding for defence industry should be open to non-EU partners, but Paris disagreesFinancial Times - Mar. 8 -
Under-22s to be excluded from incapacity benefits
The move comes as part of an overhaul of the welfare system as the UK's benefits bill rises.BBC News - 22h -
EU’s foreign policy chief laments US funding cuts to Radio Free Europe
Kaja Kallas says the bloc cannot automatically fill the gap left by the US. The EU’s foreign policy chief, Kaja Kallas, expressed disappointment over US funding cuts to Radio Free Europe and said ...The Guardian - 1d -
Trump threatens 200% tariff on alcohol from EU
Wine and spirits will be taxed, Trump says, if the EU does not remove tariffs on US whiskey.BBC News - 5d -
Starmer says 'all options on table' on US tariffs
Canada and the EU have announced retaliatory tariffs but UK will take a "pragmatic" approach, the prime minister said.BBC News - 6d -
Starmer says he is ‘disappointed’ by US tariffs on UK steel
PM vows to ‘keep all options on table’ after EU hits back against Washington with retaliatory measuresFinancial Times - Mar. 12 -
Countries must bolster climate efforts or risk war, Cop30 chief executive warns
Ana Toni also criticises the UK’s plans to slash overseas aid to fund defence spending. Countries looking to boost their national security through rearmament or increased defence spending must also ...The Guardian - 1d -
Nato urges EU and Turkey to deepen ties
Secretary-general Rutte urges European leaders to put aside differences with Ankara to boost security co-operationFinancial Times - Mar. 11 -
Labour ministers yet to hold talks over Abramovich funds
Funds worth £2.5bn - meant to help Ukrainians - remain frozen in a UK bank account over a row about how to use them.BBC News - Mar. 8 -
Why Brussels’ €150bn defence pot is a test case for the EU’s arms strategy
Also in this newsletter: A dangerous drug addiction, and Russia’s reliance on Chinese carsFinancial Times - Mar. 10 -
UK foreign secretary vows to unlock £2.3bn of frozen funds from Chelsea sale
Proceeds of deal by Roman Abramovich have been sitting in a fund for more than two yearsFinancial Times - Mar. 9 -
Northern Ireland risks becoming ‘collateral damage’ in transatlantic trade war
Post-Brexit deal means EU tariffs would apply, putting the region at a disadvantage if UK wins US tariff exemptionFinancial Times - 5d -
UK Treasury omits defence from National Wealth Fund priority sectors
Decision comes even as government joins other European countries in seeking to raise military spendingFinancial Times - 3h -
The UK’s gamble on solar geoengineering is like using aspirin for cancer | Raymond Pierrehumbert and Michael Mann
Injecting pollutants into the atmosphere to reflect the sun would be extremely dangerous, but the UK is funding field trials. Some years ago in the pages of the Guardian, we sounded the alarm ...The Guardian - Mar. 12 -
Trump administration briefing: Judge reinstates some fired workers, more tariff threats on EU
Judge says it is a ‘lie’ that employees at federal agencies had performance issues; Trump mulls EU alcohol tariff – key US politics stories from Thursday at a glance. A federal judge in California ...The Guardian - 5d -
EU must brace for impact of Trump wrecking ball on global trading system | Heather Stewart
UK appears to be out of US eyeline for now but it would not be immune to slowdown triggered by rising tariffs. Forget the “Trump put”, as financial analysts called the bet that the US president’s ...The Guardian - Mar. 9 -
Trump threatens 200% tariff on EU liquor; US stocks continue to fall
Recession fears are growing as President Donald Trump is threatening to impose 200 percent tariffs on alcohol from the European Union, sending stocks plunging yet again. "I'm not going to bend at ...NBC News - 5d -
Former Russian politician goes on trial in UK for breaching sanctions
The ex-governor of Sevastopol used funds for school fees and to access a Mercedes-Benz, court hearsFinancial Times - 23h -
Toyota considers exporting from UK to US to ease impact of Trump tariffs
Senior European executive of world’s largest carmaker also warns of more turbulence for the sectorFinancial Times - Mar. 11 -
Drake women’s basketball excluded from March Madness bracket. What’s next?
The Bulldogs were left out of the March Madness bracket on Selection Sunday. Here’s what’s next for the team.Yahoo Sports - 2d -
US exits fund that compensates poorer countries for global heating
Trump pulls out of Cop28 loss and damage deal that recognises harms done by richer, polluting economies to vulnerable nations. The Trump administration has withdrawn the US from a global agreement ...The Guardian - Mar. 7 -
Missile maker MBDA takes more calls from EU militaries seeking non-US weapons
European group in talks with regional customers as Trump threatens to drop security guaranteesFinancial Times - 2d -
Donald Trump threatens 200% tariff on EU wine and champagne
US president says levy on alcohol imports would be retaliation for ‘nasty’ 50% tariff imposed on bourbon whiskey. US politics live – latest updates Donald Trump has threatened a 200% ...The Guardian - 5d -
Bond market strains intensify for Reeves as investors await OBR’s verdict
Fiscal watchdog’s preliminary forecasts based on UK borrowing costs exclude recent rise in gilt yieldsFinancial Times - 6d -
From fashion to alcohol, these sectors are being swept up in the U.S.-EU trade war
The EU's tariffs will push up costs for a "raft of manufacturers, not least automakers and food producers."CNBC - 5d -
British tourist detained in US after visa mix-up returns to UK – reports
Images broadcast of Rebecca Burke’s arrival at Heathrow after her release from immigration detention centre . A British woman detained in the US for three weeks because of a visa mix-up has ...The Guardian - 1d -
How much will the UK be hit by tariffs and what happens next?
How much will the UK be hit by US tariffs and what happens next?BBC News - Mar. 12 -
EU accuses Google and Apple of breaking its rules, risking Trump clash
Tech companies could be fined billions if EU finds they have breached the Digital Markets Act. Business live – latest updates The European Commission has accused the US tech companies Google ...The Guardian - 1h -
Aid workers warn ‘people are dying and they’re going to continue dying’ as funding cuts hit
Moves by US, UK and other donors to cut aid mean ‘high malnutrition rates, starvation and death’, say experts. Cuts to food assistance by the US, Britain and others are already leading to more ...The Guardian - 5d -
US support to maintain UK’s nuclear arsenal is in doubt, experts say
Malcolm Rifkind joins diplomats and analysts urging focus on European cooperation to replace Trident. Britain’s ability to rely on the US to maintain the UK’s nuclear arsenal is now in doubt, ...The Guardian - Mar. 8 -
Protests on International Women's Day in Turkey demand protection from domestic violence
Thousands of women have taken to the streets of Turkish cities to mark International Women’s Day, protesting inequality and violence against womenABC News - Mar. 8 -
Europe needs ‘big bang moment’ to boost investment, says Deutsche Börse chief
Stephan Leithner says EU should take advantage of investors switching into region’s markets away from US as tariff concerns growFinancial Times - 3d -
Hamm’s Continental Resources expands into Turkey to develop oil reserves
Shale pioneer and US-based TransAtlantic Petroleum in joint venture with Ankara’s national energy companyFinancial Times - 6d -
UK helped Ukraine and US reach ceasefire deal, government sources say
Sir Keir Starmer led European efforts to mend Trump-Zelensky relationship, UK government sources tell the BBC.BBC News - Mar. 12 -
More Americans are now seeking UK citizenship. Three of them tell us why
Donald Trump’s re-election has made many in the US doubt whether the direction of their nation is for them. A record number of Americans are seeking UK citizenship, according to recent data.. In ...The Guardian - Mar. 9 -
West Virginia governor attacks NCAA ‘robbery’ after WVU excluded from March Madness
Patrick Morrisey orders state investigation into matter North Carolina selected over West Virginia West Virginia’s governor, Patrick Morrisey, said on Monday that the state will launch an ...The Guardian - 1d -
Trump threatens 200% tariffs on EU alcohol imports
US president demands bloc scraps proposed duty on US whiskeyFinancial Times - 6d -
Almonds, whiskey, auto parts: EU's retaliatory tariffs set up these U.S. states and local products as the biggest losers
From California almonds to Tennessee whiskey and Michigan auto parts, some states and sectors will be hit hardest by U.S.-EU 'tit for tat' tariffs war.CNBC - 5d
More from Financial Times
-
UK Treasury omits defence from National Wealth Fund priority sectors
Decision comes even as government joins other European countries in seeking to raise military spendingFinancial Times - 3h -
BYD’s 5-minute charge: is time running out for electric-vehicle rivals?
Chinese carmaker’s second shock announcement of the year could put others out of business, say analystsFinancial Times - 3h -
Europe is only half-awake from its long sleep
Talk of Donald Trump bringing the continent together is absurdly prematureFinancial Times - 5h -
The war on encryption is dangerous
Government demands to access encrypted data via back doors will leave it vulnerable to hacks, breaches and theftFinancial Times - 2h -
Fed to decide on rates as Trump’s tariffs cloud economic outlook
Chair Jay Powell faces message challenge as central bank prepares to release new ‘dot plot’Financial Times - 28m
More in Business
-
Israel renews ground operation in Gaza
The land offensive comes after Israeli air strikes killed more than 400 people and shattered a two-month truce with HamasFinancial Times - 11m -
Microsoft announces new HR executive, company veteran Amy Coleman
Microsoft's incoming chief people officer, Amy Coleman, led the development of Microsoft's human resources response to Covid and its hybrid work approach.CNBC - 13m -
Trump Administration Lifts Ban on Sugar Company Central Romana Over Forced Labor
Labor groups said working conditions had not changed enough to warrant the removal. The company is partly owned by donors to President Trump.The New York Times - 18m -
Consumers are cutting back on fancy snacks. Here’s how General Mills is responding.
The packaged-food giant’s CEO doesn’t think it needs to play into “a race to the bottom on pricing,” and should instead emphasize the flavor and health benefits of its snack lineup.MarketWatch - 23m -
Fed to decide on rates as Trump’s tariffs cloud economic outlook
Chair Jay Powell faces message challenge as central bank prepares to release new ‘dot plot’Financial Times - 28m