Trump has proposed a new rule that would require NATO countries to increase their defence spending to 5% of GDP, advocating for higher budgets and continued support for Kyiv while suggesting improved trade terms.
The Bank of England has opted to maintain the interest rate at 4.75%, amid concerns about persistent inflation and its impact on economic growth, as Chancellor properties focus on supporting stability despite the challenging forecast.
Britain is experiencing increased borrowing costs as concerns over “stagflation” cause anxiety among gilt investors, with inflation rising to 2.6% and economic growth showing signs of slowing.
A Kremlin general involved with chemical weapons has been killed in a Moscow explosion, allegedly orchestrated by Kyiv operatives, amidst heightened tensions and previous warnings from Ukraine.