Pakistan's top oil refiners see profits surge more than 1,860%
Pakistan's four largest listed oil refineries saw their combined profits soar by more than 1,860 per cent in the quarter ending September 2026,...
President Donald Trump says he has agreed a "framework" for a Greenland deal with NATO.
Speaking on the sidelines of the World Economic Forum in Davos, Trump said the understanding with NATO prompted him to back away from previously announced punitive tariffs on several European countries, which had been due to take effect on 1 February.
Trump did not provide details on the scope or substance of the Greenland framework, but said discussions with NATO were continuing. European officials have yet to comment publicly on the announcement.
NATO Secretary General Mark Rutte confirmed that talks with Trump had taken place, describing the meeting as constructive, but unfinished. He said the issue of whether or not Greenland stays with Denmark did not come up during the talks.
“We had a very good meeting tonight, but there is still a lot of work to be done,” Rutte told AFP.
In a separate statement, NATO spokesperson Allison Hart said the discussions focused on the strategic importance of security in the Arctic region for all NATO allies, including the United States.
She said talks among NATO members on the framework referenced by Trump would centre on collective efforts to ensure Arctic security, particularly involving the alliance’s seven Arctic member states.
Following Trump’s remarks, financial markets reacted positively, with U.S. stocks rising sharply after news of the tariff reversal.
Moreover, on Thursday, Trump told Fox Business on Thursday that his administration is negotiating a deal to secure the U.S. “total access” to Greenland.
Trump reiterated that a U.S. presence on the island is vital for national security, saying, “Everything comes over Greenland. If the bad guys start shooting, it comes over Greenland. It’s pretty invaluable.”
He added that the negotiations aim for unrestricted access, with “no end” or time limit, noting that advances in technology now make the concept more feasible than in Ronald Reagan’s era.
Background: How Greenland became a transatlantic flashpoint
Greenland has moved to the centre of transatlantic tensions after Donald Trump renewed pressure for the United States to secure a greater strategic role in the Arctic territory, arguing that it is vital to U.S. national security.
The island, which is part of the Denmark but enjoys extensive self-governing powers, occupies a critical position between North America and Europe. Its importance has grown amid rising military and economic competition in the Arctic, particularly involving Russia and China, as well as expanding shipping routes and defence infrastructure.
In early 2026, Trump escalated the dispute by linking Greenland to broader economic pressure on Europe, threatening punitive tariffs against several European countries opposed to U.S. ambitions. The move drew strong criticism from European capitals and raised concerns about strain within NATO, at a time when allies are coordinating closely on security challenges.
Danish and Greenlandic authorities have repeatedly rejected any suggestion of a transfer of sovereignty, stressing that Greenland’s future can only be decided by its population. At the same time, NATO allies have stepped up coordination on Arctic security, reflecting the region’s growing strategic significance.
Tensions eased temporarily at the World Economic Forum in Davos after Trump announced that he had agreed a “framework” with NATO and withdrew the planned tariff measures. However, the substance of that framework has not been made public, and discussions among the United States, NATO allies and regional stakeholders remain ongoing.
Iranian Supreme Leader Ayatollah Khamenei has ordered Iran's armed forces to respond to any threat immediately and without geographical limits in statements posted to social media platforms on Saturday (31 October).
Gen Z protests swept 34 German cities on Saturday (31 October) over education and living costs. Violence erupted in Frankfurt, where shops were looted and police reported Molotov cocktail attacks.
A six-day humanitarian ceasefire in the Russian-held Ukrainian town of Oleshky ended on Sunday, 1 November, after facilitating aid deliveries and civilian evacuations.
Thousands protested in Albania's capital, Tirana, on Saturday (31 October), demanding Prime Minister Edi Rama's resignation over perceived corruption allegations and dissatisfaction with the government over a lack of jobs and poor education standards.
Saudi Aramco's acquisition of a 49 per cent stake in artificial intelligence (AI) company HUMAIN is putting a spotlight on a wider investment question: why are some of the world's biggest energy companies moving deeper into AI, and what do they expect to gain?
ADIPEC 2026, the world's largest energy event, opened in the UAE capital on Monday, bringing governments and energy companies together at a time of heavy pressure on global supply.
The U.S. administration has reportedly proposed restarting Russian gas supplies to Europe through Ukraine as part of efforts to secure an energy ceasefire ahead of winter.
Israeli forces have withdrawn from the entire city of Hebron in the southern West Bank after a 10-day military operation that displaced thousands of Palestinians and left homes demolished, infrastructure damaged and businesses disrupted, according to the city's governor.
The United Nations is ending its 35-year peacekeeping mission in Western Sahara after the Security Council failed to agree on renewing its mandate, UN Secretary-General António Guterres announced on Sunday.
Kimi Antonelli became Formula One's youngest world champion at 20 years and 68 days old on Sunday when he finished third for Mercedes in a red-flagged and restarted Mexico City Grand Prix won by Red Bull's Max Verstappen.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment