GERMAN CHANCELLOR
Hedge funds jump into bullish oil bets on tight supply signals
Hedge funds significantly increased bullish bets on crude oil, anticipating market tightness and geopolitical tensions, just before reports surfaced that OPEC+ might consider boosting output. This bullish move, the largest since June, occurred as hopes for a resolution in Ukraine faded and US crude inventories declined.
Merz inaugurates supercomputer, says Europe can catch up in AI race
German Chancellor Friedrich Merz inaugurated Europe’s fastest supercomputer, Jupiter, in Juelich, Germany, stressing Europe’s potential to catch up in the global AI race.
"Legitimate targets for destruction": Putin warns Western leaders against sending troops to Ukraine
Vladimir Putin has warned Western leaders against sending troops to Ukraine. He stated that any foreign forces would be considered legitimate targets. Putin suggested peace talks should occur in Moscow, an idea Kyiv rejected. Several European leaders have expressed interest in sending troops to secure a peace deal.
Immense potential to scale up India-Germany ties: PM Modi
Narendra Modi highlighted the potential for increased India-Germany cooperation. This includes trade, technology, innovation, sustainability and manufacturing. Modi met with German Foreign Minister Johann Wadephul. They celebrated 25 years of strategic partnership. Wadephul appreciated India's call for a ceasefire in Ukraine. Both countries aim to expand their partnership in security, defence, economy, trade and skilled labour.
School Assembly News Headlines for September 2: Top national, international, sports and business updates
Today's headlines include an Andhra Pradesh rain alert and the Supreme Court's decision on E20 petrol. Narendra Modi and Xi Jinping reached an important consensus. The SCO summit highlighted India's strategic independence. Jasprit Bumrah and Shubman Gill are set for the Asia Cup. Maaya Rajeshwaran entered the US Open junior singles second round.
German leader says peace cannot come at Ukraine's expense
In an interview with German public broadcaster ZDF, Merz, when asked whether a ceasefire might be possible this year, said he hasn't lost hope but "harbors no illusions," and emphasized that supporting the country to defend itself against Russia was an "absolute priority."
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France and Germany reject Trump's threats on EU tech legislation
Trump on Monday threatened to slap additional tariffs on all countries with digital taxes, legislation or regulations, saying they were designed to harm or discriminate against American technology, in an escalation of his criticism of EU rules on digital services.
Putin will have 'played' Trump if he refuses to meet Zelenskyy: Emmanuel Macron
Emmanuel Macron warned that Vladimir Putin would be manipulating Donald Trump if he refused to meet with Volodymyr Zelensky by the Monday deadline. Macron expressed his hope for the meeting and threatened further sanctions against Russia if it doesn't occur, aiming to pressure Moscow back to negotiations.
Hope and hate: How migrant influx has changed Germany
A decade after Germany opened its borders to a million migrants, the country grapples with the consequences. While some celebrate a more cosmopolitan society and a boost to the labor market, others lament strained public services and rising crime.
Zelensky urges more Western pressure on Putin after deadly Russian attack
Following a deadly Russian missile and drone attack on Kyiv that killed 23, including children, President Zelensky urged Western allies to send a "strong joint signal" to Putin to bring him to the negotiating table.
Asian stocks mixed as investors await key US inflation data
Asian equities showed mixed performance as investors awaited a key US inflation report. US stocks reached a new high after strong economic data eased recession fears but also fueled concerns about persistent inflation. The market anticipates potential Fed rate cuts, influenced by economic indicators and geopolitical factors like the Russia-Ukraine situation, impacting commodity prices.
Lockheed Martin seeks to have missiles produced by Rheinmetall in Germany, WiWo reports
Lockheed Martin is in talks with Rheinmetall to manufacture missiles like ATACMS and Hellfire in Germany, specifically at Rheinmetall's Unterluess site. This collaboration expands upon a previous agreement where Lockheed provides missile technology and Rheinmetall handles European manufacturing and sales. The final list of missiles to be produced is still under discussion.
Trump envoy says officials working 'very, very hard' on ending Russia-Ukraine war
Amidst stalled peace talks, U.S. envoy Keith Kellogg is working on security guarantees for Ukraine, while high-level visits from Canada, NATO, and Germany signal continued support. Germany and Norway pledged further aid, focusing on long-term assistance and air defense. Simultaneously, drone strikes persist on both sides, disrupting civilian air travel and targeting key infrastructure, highlighting the ongoing conflict's intensity.
Germany to reintroduce mandatory military service?
Germany is considering reviving military conscription amid recruitment challenges and rising global instability. A draft law proposes voluntary enlistment initially, with mandatory service as a backup if targets aren't met. The move aims to strengthen the Bundeswehr, deter Russia, and reassure allies, but faces resistance due to financial costs and skepticism among younger citizens burdened by economic insecurity.
How Europe tried to speak Trump
European leaders, including Emmanuel Macron and Keir Starmer, met US President Donald Trump with Volodymyr Zelensky to discuss Ukraine. The meeting followed Trump's talks with Vladimir Putin in Alaska. European leaders aimed to influence Trump's stance on the conflict, ahead of potential peace talks. They coordinated their approach, with each leader addressing specific aspects.
China to show off massive troops, high-tech weapons at WW2 parade
China is set to hold a large-scale military parade in Beijing next month, commemorating 80 years since Japan's surrender and the end of World War Two. The parade will showcase advanced weaponry, including hypersonic missiles and anti-drone technology, demonstrating China's growing military capabilities.
Trump's trade adviser Peter Navarro reminds India of America’s exorbitant privilege & diktats
Peter Navarro's op-ed reveals the US expectation that India, to maintain its strategic partnership and trade benefits, must align its economic policies with Washington's interests. This includes purchasing American weapons without technology transfer demands and ceasing the use of dollar surpluses to buy Russian oil for re-export.
Thank you, Mr President Zelenskyy deploys gratitude diplomacy for second visit to Oval Office
Volodymyr Zelenskyy thanked Donald Trump repeatedly during their meeting. This followed criticism for not showing enough gratitude previously. Other world leaders also used flattery with Trump. Zelenskyy thanked Melania Trump and European allies. Trump praised Giorgia Meloni, Emmanuel Macron, and Friedrich Merz. Keir Starmer thanked Trump for progress toward ending the conflict. Mark Rutte called Trump amazing.
Putin and Zelensky set for historic face-off in two weeks — Trump may join second summit to end Ukraine war
Amidst the ongoing conflict in Ukraine, reports suggest a potential meeting between Presidents Putin and Zelensky in the coming weeks. Former US President Trump has hinted at a second summit to broker peace, suggesting Ukraine might concede territory. While Zelensky seeks security guarantees, the Kremlin's commitment remains uncertain, with skepticism arising from Moscow's ambiguous signals.
If Putin doesn't co-operate on Ukraine peace, it is going to be a 'rough situation', warns Trump
Donald Trump stated that the Ukraine war could escalate if Putin doesn't cooperate in peace talks, suggesting Ukraine might need to cede territory. He believes Ukraine shouldn't have pursued NATO membership, viewing it as a buffer between Russia and Europe. Trump indicated Europe might increase its involvement, envisioning a security framework for Ukraine outside of NATO.
European shares rise as investors weigh potential Russia-Ukraine peace deal
European shares edged higher on Tuesday as investors weighed the possibility of a peace deal between Russia and Ukraine following encouraging diplomatic signals after a White House meeting with European leaders.
Zelenskyy outlines Ukraine peace efforts after White House visit; Emphasizes security guarantees, humanitarian steps, and readiness for trilateral summit with Putin
President Zelenskyy, following Washington meetings, highlighted progress towards a peace agreement with Russia, emphasizing security guarantees and humanitarian concerns. Discussions included a proposed trilateral summit with Presidents Trump and Putin to resolve critical issues. Zelenskyy acknowledged strong unity among US and European leaders, expressing gratitude for their support in achieving a lasting peace that respects Ukraine's sovereignty.
Trump calls Putin, says he's arranging Putin-Zelensky peace summit
Donald Trump announced he's initiating a peace summit between Ukrainian and Russian presidents after discussions with European leaders at the White House. Trump mentioned security guarantees for Ukraine were discussed, with Europe coordinating with the US. Zelensky hailed the meeting as their "best" yet, while Trump expressed optimism about resolving the conflict, suggesting potential territorial exchanges between Russia and Ukraine.
Trump, European leaders call for immediate ceasefire; trilateral meeting with Zelenskyy, Putin possible
Donald Trump met Volodymyr Zelenskyy and European leaders. He said a peace agreement for Ukraine is possible. Trump mentioned Putin agreed to Western security guarantees for Ukraine. This is a key point for discussion. European nations will take on much of the responsibility. The US will provide assistance to ensure security. Discussions are ongoing at the White House.
Zelenskyy, Trump express hope for trilateral talks with Putin to bring end to Russia-Ukraine war
Volodymyr Zelenskyy and Donald Trump hoped for discussions with Vladimir Putin to stop the Russia-Ukraine war. This happened after Trump met Putin. Zelenskyy was open to these talks. Trump met Zelenskyy, Ursula von der Leyen, Emmanuel Macron, Keir Starmer, Friedrich Merz, Giorgia Meloni, Alexander Stubb and Mark Rutte. European leaders aimed to protect Ukraine.
Zelenskyy arrives at White House for critical talks with Trump, European leaders on war with Russia
President Zelenskyy arrives at the White House for crucial talks with President Trump and European leaders amidst the ongoing Russia-Ukraine war. Trump, after meeting with Putin, seeks concessions from Zelenskyy to end the conflict. European leaders aim to protect Ukraine's interests and seek security guarantees, fearing widening Russian aggression and a sustainable peace.
Ukraine may have to recognize territorial losses under peace deal, says French President Macron
Emmanuel Macron suggests Ukraine might concede territory for peace. He emphasizes guarantees for Ukraine's remaining land. A coalition discussed security for Kyiv. Troop deployment for post-conflict peace is considered. Donald Trump will meet with European leaders to discuss the matter. Volodymyr Zelenskyy, along with Macron and other European leaders, will visit Washington. Discussions will focus on ensuring a lasting peace.
Russia-Ukraine war: Trump hints at 'big progress' on Russia ahead of Zelenskyy meet
Donald Trump announced progress on Russia after meeting Vladimir Putin in Alaska to discuss a Ukraine deal. Despite no immediate agreement to halt the invasion, both sides noted areas of accord. Trump described the talks as productive, mentioning a few remaining significant points. Following discussions with Zelenskyy and European leaders, Trump aims for a peace agreement, not just a ceasefire.
Zelenskiy to visit Washington on Monday after Trump-Putin summit fails to secure peace
Following a call with US President Trump and discussions with European leaders, Ukrainian President Zelenskiy announced his trip to Washington on Monday. Zelenskiy cited “positive signals” from the US regarding security guarantees for Ukraine, emphasizing Europe's inclusion in negotiations.
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