Economics
Global stock markets rallied across Europe, Asia and the United States after U.S. senators moved to advance a measure aimed at ending the government shutdown, prompting broad gains.
President Donald Trump promised at least $2,000 to most Americans, funded by tariff revenues, as the U.S. Supreme Court expressed doubts about the legality of those tariffs.
Governments and technology companies expanded AI access across emerging economies, notably India, by distributing free chatbots and promoting AI education, citing public optimism and potential economic gains.
Chinese firms increasingly replaced German imports and expanded exports of higher-value auto and steel parts to Europe, while Beijing introduced an H‑1B-style visa and German officials proposed raw-material measures.
Ursula von der Leyen offered concessions in Brussels on Monday to secure European Parliament backing for the EU's long-term budget, pledging to preserve Common Agricultural Policy funding.
Analysts warned China’s push for self‑reliance, notably in rare earths, risked backfiring and would not guarantee global dominance, because the United States and other countries could compensate.
Germany's Economy Minister Katherina Reiche urged a comprehensive "Agenda 2030" to revive growth, saying structural reforms and subsidy reviews were needed, a plan likely to rile the SPD.
King Felipe VI and Queen Letizia arrived in Chengdu to begin Spain’s first state visit to China in 18 years, aimed at deepening bilateral ties and economic cooperation.
Across Europe, many low-paid workers reported monthly incomes of €305–€556, and Italian vintner Bottega said he would give employees €1,250 as a one-off supplement.
