Finnish elevator giant Kone announced a $34.4 billion acquisition of German rival TK Elevator, marking one of Europe’s largest takeovers in recent years and creating the world’s largest elevator manufacturer.
Trump is considering an Iran peace proposal as US-Iran talks hit an impasse. German Chancellor Merz says the US is ‘being humiliated by Iran’ as European patience wears thin. Meanwhile, a Russia-linked superyacht sails through the Hormuz blockade.
The Stockholm International Peace Research Institute (SIPRI) reports that global military spending reached a record $2.9 trillion in 2025, driven primarily by European rearmament and accelerating Asian modernization.
Despite elevated fuel costs from Middle East tensions, European airlines are cutting ticket prices in the short term to stimulate demand, Wizz Air’s chief executive reveals.
SIPRI reports global military expenditure reached a record $2.9 trillion in 2025, with Europe and Asia driving sharp increases while U.S. spending contracts.
Former Hungarian PM Viktor Orbán announces he will not take up his parliamentary seat after leading his party back into opposition following a landslide electoral defeat.
President Trump’s fury over European NATO members’ refusal to join the US-Israeli war on Iran is widening divisions within the alliance, with reports suggesting he is considering measures against the UK and Spain.