Spanish hatmaker Fernández y Roche faces a 10 per cent US import tariff, jeopardising its 40-year trade with Orthodox Jewish communities. With a 50 per cent duty possible by July, Spain has launched a €14.1 billion support plan while EU–US trade talks continue.

Nicușor Dan has been inaugurated as Romania’s new president, ending months of political instability. Elected on a pro-European platform, he now faces urgent economic challenges and a fragmented parliament. His agenda includes cutting the deficit, reaffirming NATO ties, and navigating internal divisions to restore stability.

Donald Trump has threatened a 50% tariff on all EU imports and a 25% levy on non-US-manufactured iPhones, triggering sharp market losses and EU warnings of retaliation. Apple shares plunged, and European indices dipped as fears of renewed trade war disruptions rattled investors and strained transatlantic economic relations.

A High Court injunction has blocked the UK from finalising a sovereignty deal to transfer the Chagos Islands to Mauritius. The legal challenge, filed by a Chagossian-born British citizen, raises concerns over lack of consultation. The planned deal would retain the UK-US base on Diego Garcia for 99 years.

JPMorgan Chase has created a new Centre for Geopolitics to help clients navigate international risks. Led by Derek Chollet and backed by global political figures, the unit provides strategic intelligence on conflicts, trade tensions, and defence trends, positioning the bank as a key player in geopolitically-informed financial services.

Britain and the European Union have agreed a major new post-Brexit settlement, extending fishing rights, easing trade barriers, and opening defence and youth mobility cooperation. The deal marks a strategic reset in UK–EU relations and includes measures on carbon, energy, and migration. Political reactions at home remain sharply divided.

Trump’s sweeping tax-and-spending bill seeks to extend tax cuts, boost defense, and end taxes on tips—while slashing Medicaid and green subsidies. The $3T package faces GOP infighting, fiscal watchdog warnings, and a credit downgrade. With 2026 midterms looming, Trump’s legacy bill heads to a divided House and combative Senate.

Trump’s Catholic allies are exerting growing influence in Rome as a new conclave approaches. Backed by wealthy donors and political operatives, they are campaigning for a more traditional pope. Central figures include Brian Burch and Steve Cortes, who see Trump’s return as key to reshaping US–Vatican relations and global Catholic leadership.

Trump’s Catholic allies are exerting growing influence in Rome as a new conclave approaches. Backed by wealthy donors and political operatives, they are campaigning for a more traditional pope. Central figures include Brian Burch and Steve Cortes, who see Trump’s return as key to reshaping US–Vatican relations and global Catholic leadership.

Donald Trump’s $TRUMP meme coin has surged in value after he offered a gala dinner and VIP access to its top holders. Launched before his 2025 inauguration, the coin has raised ethical concerns over the president profiting from a private cryptocurrency while in office. Supporters hail it as innovative political engagement, while critics warn of conflicts of interest and regulatory risks amid growing international scrutiny.