The Federal Reserve held its benchmark interest rate at 4.25-4.5%.

Sir Keir Starmer, Britain’s prime minister, said that the country would recognise a Palestinian state in September unless Israel agreed to a ceasefire and a two-state solution.

Donald Trump said he was shortening Russia’s deadline for making progress on peace with Ukraine to “ten or 12 days”.

Donald Trump announced a trade deal with the European Union, avoiding a transatlantic tariff war, after meeting Ursula von der Leyen, the president of the European Commission, at his Turnberry golf resort in Scotland.

Lai Ching-te, Taiwan’s independence-minded president, suffered a setback when recall votes of 24 opposition Kuomintang lawmakers all failed

Volkswagen’s profits took a €1.3bn ($1.5bn) hit in the first half of 2025 as a result of American tariffs

Emmanuel Macron, France’s president, said that his country would recognise Palestine as a country, in order to create a “just and lasting peace in the Middle East”.

The European Union is reportedly negotiating a trade deal with America that would impose tariffs of 15% on its exports.

Mike Johnson, the Republican speaker of America’s House of Representatives, will dismiss the chamber early for summer to avoid an awkward vote related to Jeffrey Epstein.

Israel rejected a statement from a group of 25 countries that called for an immediate ceasefire in Gaza and criticised the Israeli government’s system for delivering aid there.