The European Central Bank has cut interest rates for the sixth time due to low inflation and weak economic growth. Future rate paths are uncertain as European leaders plan increased military spending.

South Korean defense stocks experienced significant gains in line with global trends due to heightened security concerns stemming from the Russia-Ukraine war, with notable increases in companies like Hanwha Aerospace and Hyundai Rotem.

The UK, France, and Ukraine have agreed on a ceasefire plan amid escalating tensions in the Ukraine war, while dealing with varying sentiments from U.S. leadership regarding the conflict.

British Prime Minister Keir Starmer addressed European leaders at a summit discussing the ongoing war in Ukraine, urging for stronger support towards Kyiv and emphasizing the need for a unity in responding to Russian aggression. This meeting aimed to pivot towards a renewed focus on peace negotiations as tensions with the U.S. escalate following Donald Trump's comments.

The article discusses Taiwan's political future amid President Trump's shifting stance towards Ukraine and China, highlighting the increasing military spending in Taiwan as a response.