1 week ago Feud deepens as Trump targets Musk’s federal funding amid renewed spending bill clash

U.S. President Donald Trump suggested on Tuesday that the government efficiency department should take a look at the subsidies that Tesla CEO Elon Musk’s companies have received in order to save money. Trump’s comments come after Musk, the world’s richest man, renewed his criticism on Monday of Trump’s sweeping tax-cut and spending bill, vowing to […]

Politics

1 week ago Russia eyes defense cuts as FM Lavrov predicts NATO may implode under budget strain

Russian Foreign Minister Sergei Lavrov said on Monday that Moscow planned to cut its defence spending, but that he thought a decision by NATO members to increase their own defence spending could ultimately lead to the alliance’s collapse. NATO leaders on Wednesday backed a big increase in defence spending that U.S. President Donald Trump had […]

Events

2 w. ago US economy shrinks faster than first estimated in early 2025

The US economy contracted a bit faster than previously thought in the first quarter amid tepid consumer spending, underscoring the distortions caused by the Trump administration’s aggressive tariffs on imported goods. Gross domestic product decreased at a downwardly revised 0.5 per cent annualized rate last quarter, the Commerce Department’s Bureau of Economic Analysis (BEA) said […]

Politics

2 w. ago Nato commits to higher spending sought by Trump and mutual defence

NATO leaders on Wednesday backed the big increase in defence spending that U.S. President Donald Trump had demanded, and restated their commitment to defend each other from attack. While Trump got what he wanted at the brief summit, tailor-made for him, his NATO allies will be relieved that he committed to the fundamental principle of […]

Politics

2 w. ago With defence spending set to rise, Trump reassures NATO allies

NATO leaders were set to sign up on Wednesday to a big increase in defence spending at a short summit tailor-made for U.S. President Donald Trump, who struck a reassuring tone on his commitment to protecting fellow members of the alliance. The summit is expected to endorse a higher defence spending goal of 5% of […]

Politics

2 w. ago Spain does not expect repercussions from not meeting NATO’s 5% spending target

Spanish Economy Minister Carlos Cuerpo said on Wednesday his country does not expect any repercussions from its refusal to meet the defence spending target of 5% of gross domestic product to be set by NATO member countries in a Summit held in The Hague. “Spain will be a responsible ally,” Cuerpo said in an interview […]

Events

2 w. ago Russian missile attack kills 17 as Zelenskiy presses Nato allies for support

A Russian missile attack in southeastern Ukraine on Tuesday killed at least 17 people and caused sweeping damage, officials said, as President Volodymyr Zelenskiy urged Kyiv’s allies at a Nato summit to bolster Ukraine‘s defence industry. The two-part strike killed 15 and wounded more than 200 in the regional capital Dnipro, said governor Serhiy Lysak, […]

Events

2 w. ago Netanyahu says Israel has agreed to Trump’s proposal for ceasefire with Iran

Israel has agreed to U.S. President Donald Trump’s proposal for a ceasefire with Iran after it achieved its goal of removing Tehran’s nuclear and ballistic missile threat, Prime Minister Benjamin Netanyahu’s office said in a statement on Tuesday. “Israel thanks President Trump and the United States for their support in defense and their participation in […]

Politics

2 w. ago Nato summit aims to focus on Trump’s spending goal but Iran looms large

The NATO alliance has crafted a summit in The Hague this week to shore itself up by satisfying U.S. President Donald Trump with a big new defence spending goal – but it now risks being dominated by the repercussions of his military strikes on Iran. The two-day gathering is also intended to signal to Russian […]

Politics

3 w. ago Dutch launch operation Orange Shield to keep Nato summit safe

The Netherlands has launched operation Orange Shield to protect next week’s Nato summit, deploying combat helicopters, sea patrols, over 10,000 military and police personnel, bomb squads and air defence systems. About 6,000 delegates and leaders from 32 countries, including US President Donald Trump, French President Emmanuel Macron and British Prime Minister Keir Starmer, will attend […]

Politics

3 w. ago Cyprus central bank launches programme to train financial educators

Central Bank of Cyprus (CBC) on Monday launched a new programme aimed at enhancing financial literacy among adults, with a strong focus on developing a network of trained educators across the country. The first two-day training session for trainers began at the CBC headquarters, forming part of a broader initiative to strengthen financial education through […]

Economics

3 w. ago Israel’s attacks on Iran hint at a bigger ambition: regime change

By Crispian Balmer, Maayan Lubell, Michael Martina and Matt Spetalnick Israel’s surprise attack on Iran had an obvious goal of sharply disrupting Tehran’s nuclear programme and lengthening the time it would need to develop an atomic weapon. But the scale of the attacks, Israel’s choice of targets, and its politicians’ own words suggest another, longer-term ambition: toppling the regime […]

Politics