Author: Daniel snow

The NATO summit in the Netherlands.Haiyun Jiang | Via ReutersIt’ll be a moment of truth for NATO on Wednesday when the Western military alliance releases a joint statement on a heavily pushed and previewed collective defense spending hike.Allies have been corralled, cajoled and pressured to hike their defense expenditure from 2% to 5% of each member nation’s gross domestic product by 2035, even as some have struggled to meet the lower target.It’s widely expected that the bloc’s 32 member states will green light the hike on Wednesday — NATO ambassadors have already agreed in principle — but action, and the…

Read More

The 2025 Summer Davos forum will be held from June 24 to 26 in Tianjin and is expected to bring together around 1,800 participants from over 90 countries and regions.China News Service | China News Service | Getty ImagesThis report is from CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Each week, we’ll explore the biggest business stories in China, give a lowdown on market moves and help you set up for the week ahead. Like what you see? You can subscribe here.The big storyThe U.S. entering the Israel-Iran conflict over…

Read More

Former Italian Prime Minister Matteo Renzi gestures during the event “Two Peoples, Two States, One Destiny” promoted by Azione, Italia Viva, and + Europa, a public debate on the Israeli-Palestinian conflict and aims at supporting a solution based on the peaceful coexistence of two states, in Milan on June 6, 2025. Stefano Rellandini | Afp | Getty ImagesThe European Union needs to step up its role in global affairs as tensions with U.S. President Donald Trump build up, according to former Italian Prime Minister Matteo Renzi.His comments to CNBC come after Trump said that the EU was “not going to…

Read More

Chinese Premier Li Qiang spoke at the World Economic Forum’s annual “Summer Davos” event in 2024, which was held in Dalian, China.Bloomberg | Bloomberg | Getty ImagesTIANJIN, China — Chinese Premier Li Qiang on Wednesday called on other countries to collaborate on trade, despite rising tariffs and other barriers.”Globalization will not be reversed,” he said through an official English translation, as he called on all sides not to turn trade into a political or security issue.Engaging in the international economy is a way of “reshaping the rules and order,” Li added.Li did not comment specifically on U.S. tensions or the…

Read More

Israel may have astonished much of the world with its tactical skill in its recent war against Iran, but for now, it has lost, in terms of its true goals. Source link

Read More