Germany, UK to sign mutual assistance defence pact, reports Politico
Germany and the United Kingdom are set to sign a defence treaty on 17 July that includes a mutual assistance clause, according to Politico....
The Congressional Budget Office says Trump’s tax-slash megabill will balloon the federal deficit by $2.4 trillion over 10 years—and leave nearly 11 million more Americans without health insurance, largely due to cuts in Medicaid and tighter eligibility rules.
Donald Trump’s so-called “One Big Beautiful Bill” may be beautiful to some, but the Congressional Budget Office (CBO) just dropped a brutal forecast: if passed, the sweeping legislation would add $2.4 trillion to the federal deficit over the next decade.
The bill proposes $3.67 trillion in tax cuts—mostly benefiting corporations and the wealthy—while attempting to offset it with $1.25 trillion in spending reductions. That still leaves a $2.4 trillion shortfall, and critics are already sharpening their knives.
The CBO didn’t just stop at the fiscal fallout. It also projected a staggering rise in uninsured Americans—an estimated 10.9 million more people without coverage by 2034. The key culprit? Massive Medicaid cuts, alongside new work requirements that would force low-income recipients off the rolls.
Among the hardest hit: over 1.4 million undocumented immigrants, many of whom are covered under state-funded plans that would lose federal support.
Billionaire Elon Musk didn’t hold back, calling the bill “a disgusting abomination” that undercuts clean energy and bloats the debt. Even some Republican senators are getting cold feet—objecting to slashed Medicaid funding and the scrapping of green energy tax breaks that once enjoyed bipartisan support.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
British prosecutors are reviewing new evidence to decide whether to charge Lucy Letby over additional baby deaths at two hospitals, as police expand their investigation into both the former nurse and hospital leadership.
Thick smoke and flames rose over Mogadishu airport on Wednesday after a Ugandan military helicopter crash landed during a peacekeeping mission, leaving several crew members unaccounted for.
Poland will invest nearly $665 million in building three ammunition factories, aiming to boost defence readiness amid growing regional tensions.
Belarusian President Alexander Lukashenko has pardoned 16 individuals convicted of various offences, including charges of "extremism", ahead of the country's Independence Day, state media reported on Wednesday.
A UN report claims Rwanda has been providing military support and training to M23 rebels in eastern Congo, gaining political influence and access to mineral-rich areas, despite Rwanda's denials.
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