FT News Briefing
Europe takes the lead on Ukraine peace deal
Mar 3, 2025
Cryptocurrencies spiked after a surprising announcement from Donald Trump regarding U.S. strategic reserves. European leaders gathered in London to bolster support for Ukraine, aiming for a new peace deal. Deutsche Bank faced off against the European Central Bank over concerns of bad loan losses. Meanwhile, high interest rates are causing American homeowners to delay renovations, highlighting broader challenges in the housing market influenced by immigration policies.
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Quick takeaways
- European leaders, led by the UK, are intensifying military support for Ukraine while facing internal discord over their collective approach to Russian aggression.
- A recent statement by Donald Trump led to a surge in cryptocurrency prices, highlighting a potential shift towards more structured digital asset management in the U.S. government.
Deep dives
European Leaders Unite for Ukraine Support
A summit led by UK Prime Minister Keir Starmer brought together European leaders, including Ukrainian President Volodymyr Zelensky, to discuss support for Ukraine following recent tensions with the United States. The gathering aimed to formulate a joint strategy for ensuring Ukraine's future peace, particularly emphasizing cooperation with America. However, the outcome revealed limited specifics as the leaders acknowledged the significant shift in U.S. foreign policy and the necessity for Europe to bolster its own defense capabilities. This realization underscores the urgency for European nations to rapidly enhance military support for Ukraine amidst increasing geopolitical uncertainties.
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