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Eleven people were killed in a mass shooting at Campus Risbergska in Örebro, Sweden. The suspected gunman is among the dead as police investigate the motive behind the attack.
EU leaders commit to boosting defense spending, focusing on air and missile defense, military mobility, and procurement to strengthen Europe’s security and strategic autonomy.
The EU’s General Court ruled against Poland, upholding €320 million in fines over judicial reforms. Poland’s challenge was dismissed, maintaining the financial penalties.
Trump warns tariffs on the EU and UK are imminent, citing trade imbalances, but signals Britain may negotiate a deal to avoid levies. EU vows to retaliate against potential tariffs.
U.S. stocks dropped Monday after Trump announced tariffs on China, Mexico, and Canada, but pared losses after he delayed Mexico tariffs for one month following talks with President Sheinbaum.
The EU AI Act is now in force, prohibiting exploitative AI systems and enforcing transparency rules, making Europe the first region to regulate AI development at this scale.
Moscow rebuffed Trump’s claims on BRICS forming a currency, asserting that the group is prioritizing joint investments rather than replacing the U.S. dollar in global trade.
Bitcoin jumped past $105,000 after the Fed kept rates steady, with Chair Powell confirming banks can serve crypto clients if they manage risks effectively.
Elliott Management warns crypto is a speculative bubble driven by hype and White House support, cautioning that its collapse could destabilize the U.S. dollar.
Core inflation stayed at 2.8% in December, aligning with expectations but above the Fed’s target. Rising energy costs and tariff threats pose risks to price stability.