Last March, following angst-ridden months as Europe came to terms with Donald Trump’s return to the White House, financial markets in Paris, Milan and Berlin were gripped by a surge of optimism. The cause was a historic deal brokered by Friedrich Merz, then Germany’s chancellor-elect, which loosened constitutional spending constraints in the EU’s powerhouse nation. Here at last, it was hoped, was the fiscal kickstart required to end a prolonged period of economic stagnation, and mitigate geopolitical headwinds blowing from the US and China. Six months into Mr Merz’s premiership,…
Tag: Ukraine
Inside Trump’s scramble to reduce US dependence on Chinese rare-earth metals
Scott Bessent, the US treasury secretary, returned from South Carolina last week brandishing a small piece of metal, proclaiming that it was the first rare-earth magnet made in the US in a quarter of a century. It was, he indicated to Fox Business, proof that the US is ending “China’s chokehold on our supply chain”. Thanks to the South Carolina company eVAC’s new rare-earth mineral processing center, Bessent added: “We’re finally becoming independent again.” Breaking China’s processing and manufacturing dominance in these materials, essential for some semiconductors, batteries and armaments,…
First Thing: Jeffrey Epstein advised Steve Bannon during 2018 pro-Trump media campaign
Text messages released by US House show convicted sex offender coaching Maga influencer on political messaging. Plus, readers’ favourite photo booth moments 100 years after its invention Good morning. The convicted sex offender Jeffrey Epstein apparently served as a behind-the-scenes adviser to the former Trump official and Maga influencer Steve Bannon during an August 2018 media campaign to defend Trump and his agenda, and to promote Bannon’s media ventures. What else has been released in the flood of recent Epstein emails? Among many, many other things, one email shows an…
Five key takeaways from Donald Trump’s meeting with Xi Jinping
As Donald Trump flew out of Busan airport in South Korea after his meeting with China’s Xi Jinping, the US president sounded upbeat about progress made during less than two hours of talks. Trump discussed the outcome of the meeting, which he described as a 12 on a scale of one to 10, with “an outstanding group of decisions made”. He added: “We’ve come to a conclusion on many important points.” A Chinese statement quoted Xi saying the two countries had “good prospects for cooperation”, and relations had maintained “overall…
‘China is watching’: Finland warns defeating Russia’s invasion of Ukraine key to stability in Indo-Pacific
Defeating Russia’s invasion of Ukraine is critical to restraining China in the Indo-Pacific, Finland’s defence minister has said, warning Europe and democratic partners, including Australia, face a fight of global consequences. Antti Häkkänen praised Donald Trump’s decision to impose sanctions on two Russian oil companies last week, calling the move a major sign of resolve by the US president against Vladimir Putin’s three-year long war. In an interview with Guardian Australia at the ministry of defence in Helsinki, Häkkänen said the West’s willingness to stay the course in opposing Russia’s…
Putin says he will never bow to US but concedes sanctions may cause ‘some losses’
Vladimir Putin has said Russia will never bow to US pressure but conceded new sanctions could cause some economic pain, as China and India were reported to be scaling back Russian oil imports after Washington targeted Moscow’s two largest producers. The US on Wednesday imposed sanctions on Rosneft and Lukoil, as well as nearly three dozen of their subsidiaries, as the Trump administration increased pressure on the Kremlin to negotiate an end to its war against Ukraine. The EU separately discussed a loan for Ukraine secured on frozen Russian assets…
‘I was doing nothing at home’: the Chinese nationals fighting for Ukraine
In a war that has been characterised by merciless attacks on civilians, one of the worst took place on 8 July 2024. Russia missile strikes killed at least 43 people in cities across Ukraine in one of the deadliest days of the war last year. One of the most shocking blows was to the Okhmatdyt children’s hospital in central Kyiv, which reduced the country’s largest paediatric clinic to rubble. Tim, 43, was delivering aid on the outskirts of Kyiv when he heard a missile fly overhead. A short while later,…
Ukraine war briefing: China providing Russia with intelligence on missile targets, Ukrainian official claims
China is providing intelligence to Russia to enable Moscow to better launch missile strikes inside Ukraine, a senior Ukrainian intelligence official has said. Ukrainian Foreign Intelligence Agency official Oleh Alexandrov told the state news agency Ukrinform that China was passing on satellite intelligence on targets, including those benefiting from foreign investment. “There is evidence of a high level of cooperation between Russia and China in conducting satellite reconnaissance of the territory of Ukraine in order to identify and further explore strategic objects for targeting,” he said. “As we have seen…
Delayed US report on global human trafficking is released
The US Department of State has released a long-delayed, legally required report on human trafficking after an investigation by the Guardian and bipartisan pressure from Congress. The 2025 Trafficking in Persons (TIP) report, which details conditions in the United States and more than 185 countries, was initially scheduled for release at an event in June featuring the US secretary of state, Marco Rubio, the Guardian has reported, but the event was scrapped and staff at the state department office charged with leading the federal government’s fight against human trafficking were…
The Guardian view on Donald Trump’s Ukraine strategy: talking tough and doing very little isn’t working | Editorial
Back in January, with Donald Trump’s campaign promises to end the war in Ukraine “within 24 hours” still fresh in the memory, there was genuine unease in Moscow over the US president’s intentions. When Mr Trump mused that “high levels of Taxes, Tariffs, and Sanctions” on Russia might be necessary, one high-profile and pro-war Moscow commentator wrote: “It’s better to prepare for the worst. Soon, we’ll look back on Biden’s term with nostalgia, like a thaw.” How wrong can you be? Since then, the US president has repeatedly talked the talk…