Finland's national grid operator Fingrid said Tuesday it had discovered a technical problem on a cable between Finland and Sweden, causing the power connection to be offline for "hours." The disruption affected Fenno-Skan 2, an 800 megawatt (MW) high-voltage direct current cable linking the two Nordic countries.
1. Trump - whose speech at the World Economic Forum drew such demand that a stampede nearly broke out at the doors - claimed the Greenland deal gives the U.S. "everything we needed." Even with concessions falling far short of total control, Trump can tout the "Art of the Deal" to his base and retreat from an issue that polls even worse than his handling of the Epstein files. The "Trump Always Chickens Out" (TACO) mockery popularized on Wall Street may sting, but the president's MAGA machine is already moving to sell the deal as a total victory.
At their disposal are mainly three options: The use of the so-called "trade bazooka" a never-before-used instrument that could even go as far as restricting market access for US companies in the EU. The implementation of retaliatory tariffs. The suspension of the EU-US trade deal, which has yet to come into effect. EU heads of state and government will meet for a summit on Thursday a dinner cobbled together in haste to coordinate which of those options the bloc will use in response to Trump's threats.
Given the daunting nature of the challenges they face in the era of Donald Trump, it is perhaps understandable that European politicians should wish to get away from it all. This week, in what is being billed as a leaders' retreat, a remote castle in the Belgian countryside has been selected for an EU summit on competitiveness. The pastoral setting may soothe the spirits of attending heads of state; but it belies the urgency of the debate they need to have.
Beijing is willing to enhance mutual trust, strengthen communication and deepen economic cooperation with Finland, Chinese President Xi Jinping declared as he welcomed Finnish Prime Minister Petteri Orpo in Beijing. Orpo was in the Chinese capital on Tuesday to meet Xi and other leaders as part of a four-day visit to the country that began on Sunday. list of 3 itemsend of list During their meeting, Xi told Orpo that Finnish businesses were welcome to swim freely in the vast Chinese market, according to the official Xinhua news agency.
Germany and Italy are deepening defense and economic cooperation with the leaders of the two countries signing an agreement in Rome. German Chancellor Friedrich Merz and Italian Prime Minister Giorgia Meloni agreed on closer cooperation in the production of drones, naval vessels, underwater systems and air and missile defense systems. The leaders are also looking to collaborate in the development of electronic warfare and aerial combat defense systems.