The President of the EU Commission Ursula von der Leyen writes on X that Donald Trump's threat to introduce 30-percent import duties against the EU would "harm businesses, consumers and patients on both sides of the Atlantic".
BusinessThe EU's negotiations on tariffs with the USA are in a "critical situation, hour by hour", according to Minister for Foreign Trade Benjamin Dousa. He assesses that Sweden is not particularly threatened by the new 50-percent tariffs on copper that the USA's president Donald Trump has announced.
BusinessThe EU is, according to information to Financial Times, close to a temporary agreement with the USA regarding tariffs.
BusinessThe former British Prime Minister Rishi Sunak, who resigned last year, returns to the American investment bank Goldman Sachs, reports Financial Times.
BusinessNato is arming up to meet the Russian threat – but in some places discontent is growing. In the German Social Democrats, party forces are mobilizing to slow down the giant investment in defense and work for "detente and cooperation with Russia".
WorldIran may retain large parts of its stockpile of enriched uranium according to preliminary intelligence to a number of governments in Europe, writes Financial Times.
WorldFunds with American government bonds with long maturities in the portfolio had a net outflow of almost 11 billion dollars during the second quarter, according to the newspaper Financial Times.
BusinessNato aims to increase defense expenditures to five percent of GDP by 2035. We would have preferred 2030. The sooner, the better, says Defense Minister Pål Jonson (The Moderate Party).
WorldSpotify founder Daniel Ek led the investment round when the German defense company Helsing raised 6 billion kronor, writes Financial Times.
BusinessA slightly lower underlying inflation than expected in the USA in May was received positively on Wall Street. But the Stockholm stock exchange fell.
BusinessThe oil industry's investments are falling for the first time in a long time, according to the organization IEA. President Trump's appeal "drill baby drill" is going poorly – ten percent of the investments in the USA are expected to fall this year.
Business