Few people have been better positioned to dominate U.S. foreign and national security policy, yet the secretary of state appears to be receding in both his jobs.
A fire at the Huiteng Shoes factory in Jinjiang city, Fujian province, eastern China, on Thursday killed at least 28 people. President Xi Jinping called for accountability as rescue efforts continued, with fears that people were still trapped.
NATO leaders are questioning the value of annual summits, especially with Donald Trump as U.S. president. The recent Ankara summit yielded a vague declaration and no major decisions, leading many to believe occasional meetings are more effective. Europe must now prepare for greater defense responsibilities as the U.S. becomes a less reliable ally.
Sweden is set to block efforts to weaken the EU's Emissions Trading System (ETS) ahead of a policy showdown. Minister Jessica Rosencrantz stated Sweden will "fight to keep the Emissions Trading System strong" against countries seeking to relax rules, arguing a weaker ETS harms climate and competitiveness.
A Polish court sentenced Russian opposition activist Igor Rogov to seven years in prison for spying for Russia's FSB, sharing information on dissidents and Polish officials. His wife received a three-year sentence. Rogov also faced charges related to explosive materials.
Volkswagen's management faces potential major conflict with unions over reported plans to cut up to 100,000 jobs and close four factories. IG Metall warns of strong opposition to restructuring aimed at addressing competition, EV margins, and US tariffs.
South Korean chipmaker SK hynix is set to raise approximately $28 billion on Wall Street via ADRs, a sum surpassed only by SpaceX. The listing aims to improve valuation and fund new facilities amidst a booming AI memory market, despite cyclical industry risks.
