Germany is planning to significantly cut down its budget dedicated to strengthening partner states in the areas of security, defense, and stabilization. The draft budget for 2025 reveals that the funds allocated for supporting partner countries will be reduced to 4 billion euros ($4.4 billion) from 7.5 billion euros in 2024. This is a substantial
World
Former U.S. President Donald Trump recently made controversial comments regarding Taiwan’s role in U.S. defense. He suggested that Taiwan should pay the U.S. for defense, arguing that the country “doesn’t give us anything.” This statement raises questions about the nature of international relations and the obligations countries have towards each other in times of need.
Former President Donald Trump made a grand entrance at the Republican National Convention in Milwaukee, marking his first public appearance since the assassination attempt against him at a Pennsylvania rally. Despite wearing a bandage over his right ear, Trump seemed to be in high spirits as he entered the arena to a cheering crowd. The
The cryptocurrency market saw a surge in prices as Bitcoin hit a two-week high this past Monday. The value of Bitcoin rose by 6% to reach $63,594.39, indicating a positive trend in the market. This increase in price came as the betting markets suggested a higher chance of victory for crypto-friendly candidate Donald Trump in
China, known as the world’s largest producer and consumer of beer, is projected to experience a surge in beer consumption in the latter part of 2024. CGS International foresees a rebound in beer consumption following a decline in volumes during the first half of the year. This resurgence is expected to be driven by various
Taiwan’s defense ministry has reported an escalation in missile tests conducted by China in the far northern region of Inner Mongolia. This has put Taiwan’s air defense forces on high alert, given the close proximity of the missile tests to the island nation. The ministry stated that it had detected “multiple waves of test launches”
The Dow Jones Industrial Average saw an impressive surge to a new high with gains from Home Depot and Caterpillar, showcasing a shift in investor sentiment towards stocks outside of the typical technology leaders. This move marked a notable moment as the Dow surpassed the 40,000 milestone, a level it had not reached since late
The UK economy saw growth of 0.4% in May, according to flash figures released by the Office for National Statistics. This surpasses the 0.2% expansion forecasted by economists in a Reuters poll. The British pound strengthened against the US dollar following the announcement, reaching a four-month high. After a shallow recession in the first quarter
In the last five years, Chinese exchange-traded funds (ETFs) have experienced a remarkable surge in growth, with inflows reaching new highs year after year. According to Morningstar, the annual inflows to China ETFs have nearly quintupled over the past three years, indicating a significant increase in investor interest and participation in the Chinese market. Morningstar’s
Barcelona, Spain, known for its rich history, stunning architecture, and beautiful beaches, is currently facing a crisis due to mass tourism. The city has been grappling with the negative effects of overtourism for years, and tensions reached a boiling point recently. Protesters, fed up with the influx of tourists, took to the streets of Barceloneta