US President Donald Trump said he will be indirectly involved in talks between Iran and the United States starting later Tuesday in Geneva. He spoke to reporters aboard Air Force One and said he believes Iran wants to reach a deal on its nuclear programme. The second round of talks in Switzerland follows repeated US military threats against Iran over its deadly crackdown on anti-government protests and the ongoing dispute over its nuclear programme. On Monday, Iran’s foreign ministry said it believes the US position has shifted toward a more realistic stance. Iran Seeks Sanctions Relief While US Pushes Broader…
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Volkswagen aims to cut costs by 20% by 2028 as it restructures for a tougher market.Plant closures remain possible under the plan presented by chief executive Oliver Blume and finance chief Arno Antlitz. Weak sales, high costs, automation and the rapid growth of Chinese carmakers in Europe are driving the overhaul.The group had already announced 35,000 job cuts by 2030 to save €10bn. The company said earlier measures produced savings in the double-digit billions and helped absorb geopolitical pressures such as US tariffs.New data showing a widening EU trade deficit with China has increased the urgency for change. Volkswagen remains…
A Public Show of Support in Budapest U.S. Secretary of State Marco Rubio brought a clear political message to Budapest: the Trump administration stands firmly behind Hungarian Prime Minister Viktor Orbán. Speaking after the Munich Security Conference, Rubio praised Orbán’s close personal relationship with Donald Trump, calling it central to the strength of U.S.-Hungarian ties. Rubio said Trump is “deeply committed” to Orbán’s success, framing Hungary’s prosperity as aligned with American interests. He also pointed to Hungary’s recent one-year exemption from U.S. sanctions on importers of Russian oil, suggesting it was made possible by the leaders’ personal connection. During the…
Big Tech companies are accelerating artificial intelligence investment at unprecedented speed. They plan to spend over 700 billion dollars in 2026, roughly 590 billion euros, a 75 percent increase from 2025. Several firms released earnings reports and detailed their 2026 spending plans. Analysts confirmed these projections and stressed their strategic importance. Wall Street is closely watching the combined capital expenditure figure. More than 700 billion dollars will flow into AI infrastructure this year, exceeding Sweden’s nominal GDP for 2025, according to IMF estimates. Global chip sales are projected to reach one trillion dollars for the first time this year. The…
Competing Visions of the West This year’s Munich Security Conference put transatlantic tensions on full display, as American and European leaders outlined sharply different views about the future of the West. U.S. Secretary of State Marco Rubio urged Europeans to join Washington in what he framed as a mission to rescue a declining civilisation. He warned against simply maintaining what he described as a failing status quo, saying the United States had no interest in overseeing a “managed decline.” While his tone was less confrontational than last year’s remarks by Vice President JD Vance, Rubio’s message was similar: the West,…
Daily GLP-1 tablets are reshaping the race for the obesity market.Drugmakers believe pills will attract new patients who avoid injections.Analysts say the sector could reach $200bn within a decade. Novo Nordisk launched the first oral Wegovy in the US in December.Early demand has been strong, with tens of thousands of weekly prescriptions.The treatment controls appetite in the same way as injectable drugs. Patients are switching for practical and financial reasons.Tablets cost less, need no refrigeration and are easier to take daily.Some users report more stable hunger levels than with weekly shots. Eli Lilly is preparing a rival pill, orforglipron, for…
Health agencies warn that measles continue to threaten Europe, despite a decline in cases in 2025 compared with the previous year’s record. Experts call for urgent measures to address vaccine hesitancy and prevent fresh outbreaks across the continent. Measles often fade from public attention, yet the virus continues to spread in multiple European countries. Europe reported 127,350 measles cases in 2024, the highest total since 1997. Cases fell in 2025, but infections still doubled compared with 2023, according to the European Centre for Disease Prevention and Control. Sabrina Bacci, head of the ECDC programme on vaccine-preventable diseases and immunisation, said…
Max Verstappen criticised Formula One’s new regulations after pre-season testing in Bahrain.He said the heavy focus on energy management makes the car “not fun to drive”.He described the concept as “anti-racing” and compared it to “Formula E on steroids”.He again suggested he could leave the sport if racing stops being enjoyable. Lewis Hamilton voiced similar concerns.He said the systems are extremely complex and difficult for fans to follow.He argued drivers need near-technical degrees to understand the cars. The new rules introduce revised engines, chassis, tyres and sustainable fuel.Power now comes almost equally from combustion and electric sources.Drivers must constantly manage…
Ukrainian President Volodymyr Zelenskyy used his address at the Munich Security Conference to deliver a blunt message: Europe must have a stronger seat at the table in negotiations aimed at ending Russia’s war against Ukraine. Europe’s Voice Missing From the Table Zelenskyy called it a “big mistake” that European leaders are largely absent from the ongoing U.S.-brokered talks with Moscow. While Kyiv continues discussions with both Washington and Russia, he argued that any lasting peace must reflect the security concerns of the entire continent — not just Ukraine and the United States. His comments echoed those of Emmanuel Macron, who…
Aluminium prices fell on Friday, while zinc, nickel, and lead also declined. Investors reacted to reports that US President Donald Trump may ease tariffs on imported metals. Markets factored in the potential policy shift ahead of November’s midterm elections. The three-month aluminium contract on the London Metal Exchange dropped more than 2.5% to $2,965.75 per tonne by midday. On the Shanghai Futures Exchange, the most active aluminium contract fell 1.76% to 23,195 yuan per tonne. Broad Decline Hits Industrial Metals Zinc traded at $3,316.50 per tonne, down $51.95 or 1.54%. Nickel fell $257 to $16,993.38 per tonne, a drop of…
