Threatening to pull out of NATO, President Trump portrayed the alliance as a “paper tiger” and said Europe was on its own in trying to secure the Strait of Hormuz.
President Trump arriving in Washington on Sunday. Mr. Trump criticized European allies on social media on Tuesday for their refusal to get more involved in the Iran War.
After decades of prioritizing domestic over military spending, the continent’s leaders are trying to pivot. That is straining national budgets and could anger voters.
A weapons factory in Herstal, Belgium, this year. Most European countries have realized that they need to spend a lot more on guns to reduce their military dependence on the United States.
The U.S. and other exporters are poised for a windfall, but disruptions to Persian Gulf supplies are also pushing gas-buying countries to consider alternatives like coal, solar and nuclear energy.
In India, China and several other nations, Novo Nordisk is on the verge of losing patent protection for its blockbuster weight loss drug, opening the door for cheaper competing versions.
Four years after the Russian invasion of Ukraine sent energy prices soaring, the war in Iran is posing another challenge to efforts to revive European factories.
General Motors, Ford and other established automakers risk becoming relics if they don’t catch up to Chinese carmakers and technology companies in electric vehicles and self-driving cars.
The Supreme Court’s decision to invalidate many of President Trump’s tariffs raised questions about what would become of agreements struck with major U.S. trading partners.
The Supreme Court’s decision to invalidate many of President Trump’s tariffs raised questions about what would become of agreements struck with major U.S. trading partners.
Prime Minister Mark Carney got a standing ovation in Davos for starkly describing the end of Pax Americana. He is looking for new allies to help his country survive it.
Prime Minister Keir Starmer’s government approved plans for a massive new Chinese Embassy near Tower Bridge, angering critics who fear it will enable spying.