A German economic institute says Trump's auto tariff hike could cut the country's output by nearly $18 billion.

China threatens retaliation against the European Union if the bloc proceeds with a proposed ban on Huawei equipment across the continent.

The Chinese government has threatened retaliatory measures against the European Union should the bloc move forward with a proposed ban on Huawei equipment.

Trump to increase tariffs on EU cars and trucks to 25%. The tariff hike targets automobile imports from the European Union.

President Trump announced he will increase tariffs on European Union cars and trucks to 25%.

Germany approves 2027 budget, raising core defense spending to €105.8 billion and allocating €11.6 billion for Ukraine support. Total federal spending for the year is set at €543.3 billion.

The German government has approved its 2027 budget framework, which includes €11.6 billion in aid for Ukraine and an increase in core defense spending to €105.8 billion.

UK borrowing costs hit their highest level since 1998 as global oil prices surge. The rise in yields reflects ongoing market pressure on government debt.

UK government borrowing costs have reached their highest level since 1998, coinciding with a sharp increase in global oil prices.