FT News Briefing

Donald Trump's cryptocurrency venture raked in $350 million from its memecoin launch, sparking discussions about market volatility linked to his policies. The European Central Bank cut interest rates to 2.5%, while EU leaders convened for an emergency summit on defense spending and support for Ukraine. U.S. tariff announcements have shaken investor confidence, but European stocks remain resilient. Germany's fiscal policy shift is causing a deepening bond sell-off, underscoring the balance between defense spending and economic growth.

US President Donald Trump's recent tariff relief for carmakers has stirred Canadian politics as the Liberal Party braces for a crucial leadership vote. The surge in German borrowing costs marks a historic moment in finance as key billionaires swiftly strike multibillion-dollar port deals influenced by Trump's strong economic rhetoric. The landscape is shifting, with new Liberal contenders emerging, aiming to navigate the complex relationship with the U.S. and the impacts of current economic policies on Canada's future.

Taiwan is strategically seeking to strengthen ties with Donald Trump amidst growing threats from China. Meanwhile, Ukraine is eager to initiate peace talks, hoping to stabilize its relationship with the U.S. The private equity sector is experiencing a notable contraction for the first time in decades. On the renewable energy front, corporate giants like Amazon and Google are leading a surge in long-term energy agreements, redefining the clean energy landscape as businesses step up to fill the void left by diminished government support.

The U.S. pauses military aid to Ukraine, raising concerns for defense contractors amid budget cuts. Meanwhile, the Chevrolet Silverado faces vulnerabilities from trade tariffs, complicating its supply chain. In Europe, defense stocks surge as military spending rises, contrasting sharply with their U.S. counterparts, which lag behind in a global stock rally. Additionally, Eurozone inflation dips to 2.4%, signaling easing price pressures, while the automotive industry braces for potential tariff impacts on both manufacturing and consumer prices.

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.

Chris Grimes, FT's Los Angeles bureau chief, offers sharp insights into the tense relationship between Donald Trump and the media. They discuss the White House's controversial decision to selectively grant access to reporters, raising alarms about journalistic integrity. The duo also critiques how media ownership, exemplified by Jeff Bezos's influence on The Washington Post, shapes political narratives. They explore Trump's strategies to restrict media access, highlighting the ongoing struggle for independent journalism in a politically charged environment.

Donald Trump is actively pursuing a trade deal with the UK while addressing complex geopolitical dynamics with Prime Minister Starmer. In Brazil, Santander's new chief accounting officer faces a criminal investigation. Meanwhile, the pound is gaining strength amid positive economic data. A rapid rollout of DeepSeek's cutting-edge AI model is transforming various sectors in China, supported by government initiatives that emphasize generative AI technologies.

Nvidia is booming with nearly 80% revenue growth fueled by demand for AI chips. Meanwhile, China's healthcare system struggles with catastrophic medical bills that financially cripple families and hinder economic growth. BP is shifting back to fossil fuels after questioning its green energy focus. Additionally, there's a rise in wealthy investors purchasing lower league football clubs in the UK, driving record spending and reshaping the sport's landscape.

Kyiv has struck a minerals deal with Washington, a significant move in resource development amid its ongoing challenges. Unilever faces a shake-up as its CEO is ousted, surprising analysts and investors alike. This leadership change raises questions about corporate strategy and performance. Additionally, Silicon Valley is shifting toward conservative values, affecting job security and employee morale, as tech leaders reconsider their roles in activism and political participation.

Germany grapples with its constitutional 'debt brake' as new leadership navigates increased defense spending pressures. The political landscape shifts, echoing U.S. security policy changes. Meanwhile, Apple commits to creating 20,000 U.S. jobs, while Archer Daniels Midland remains steadfast on climate promises despite regulatory rollbacks. The contrast in corporate sustainability commitments between the U.S. and Europe raises questions about the future of green initiatives amid changing political climates.