Trump's trade deal with EU
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President Trump spent four days in Scotland where he met with UK's prime minister to discuss framework of the EU trade deal.
The European Union plans to reduce a major package of financial support to Ukraine by €1.5 billion ($1.7 billion) after Kyiv said it had been unable to meet all required reform milestones, said a spokesperson of the bloc’s executive.
The U.N.'s World Food Programme has said that almost 470,000 people in Gaza are enduring famine-like conditions, with 90,000 women and children in need of specialist nutrition treatments. The Israeli government has rejected international criticism of its policies in the enclave.
U.S. President Donald Trump and European Commission President Ursula von der Leyen have announced a sweeping trade deal. It raises tariffs on most European goods to 15%.
Russia’s flagship Urals crude is trading at its narrowest discount relative to benchmark prices since the Kremlin started its war against Ukraine in 2022, suggesting that fresh European sanctions have so far failed to make an impact.
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The sharp increase in U.S. trade tariffs on the European Union will not trigger immediate sovereign rating cuts, but could compound existing pressures, Fitch and other agencies said on Tuesday, while Moody's warned of the effect on exporting firms.