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Ursula Von Der Leyen · BrusselsThe European Union’s executive arm on Wednesday put forward a proposal for a 2 trillion euro ($2.31 trillion) seven-year budget for the bloc starting in 2028, with a significant increase in funding allocated for defense.
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EU proposes raising defense funding in 2-trillion-euro budget
40% Center coverage: 113 sources

Japan Economy · JapanAsian shares rallied on Wednesday, with Tokyo’s benchmark Nikkei 225 index up more than 3% after Japan and the U.S. announced a deal on President Donald Trump’s tariffs. The agreement as announced calls for a 15% import duty on goods imported from Japan, apart from certain products such as steel and aluminum that are subject to much higher tariffs. That’s down from the 25% Trump had said would kick in on Aug. 1 if a deal was not reached.See the Story
Asian markets gain, with Japan’s Nikkei up more than 3%, lifted by deal on Trump’s tariffs
63% Center coverage: 90 sources

António Costa · ChinaBy SAM McNEIL and KEN MORITSUGU BEIJING (AP) — China and the European Union have issued a joint call to action on climate change during an otherwise tense bilateral summit in Beijing on Thursday riven with major disagreements over trade and the war in Ukraine. Related Articles
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Europe and China Agree to Take Action on Climate Change and Nothing Else in Tense Beijing Summit
49% Center coverage: 37 sources