Rotterdam has started reserving space for Nato supply ships and planning military exercises
With US support for transatlantic security faltering, Nato nations are fortifying the eastern frontier with Russia
Without more military aid, Kyiv’s situation on the battlefield could deteriorate rapidly
State defence group PGZ will receive $663mn to make more ammunition
The world needs to galvanise to protect the financial system
After backslapping over Nato in The Hague, EU leader plotted over a transatlantic trade war in Brussels
Also in today’s newsletter, how oil traders called the Middle East conflict
US president threatens Madrid with extra tariffs after Spanish prime minister rejects 5% defence spending target
Also in this newsletter: Is the EU watering down its AI rules?
Pledge to raise defence spending to 5% of GDP would unleash hundreds of billions of euros
CSG, which supplies ammunition to Ukraine, capitalises on rush of enthusiasm for industry with €1.8bn bond deal
President had sparked alarm when he previously said US commitment to Article 5 ‘depends on your definition’
Thirty-two allies ‘reaffirm our ironclad commitment to collective defence’ at summit in The Hague
Also in this newsletter: Stop diluting the Green Deal, demands EU climate chief
Britain will join Nato’s airborne atomic mission in a significant overhaul of the country’s defence strategy
US president releases flattering message that also hails ‘truly extraordinary’ Iran strikes
Also in today’s newsletter, the vibe at the Nato summit
Berlin plans 70% increase in military expenditure to €162bn by 2029
Also in this newsletter: EU fraud busters fighting each other
Shifting US foreign policy priorities are putting new pressure on European allies
New target includes 1.5% of spending on security-related infrastructure such as cyber and border protection
Leaders risk getting into shouting match with Donald Trump over increased defence spending
Higher European spending may please Trump but will not be enough to rebuild confidence
Also in this newsletter: How the Iran crisis affects Europe
The American military has been the alliance’s bedrock. But shifting US priorities, including in the Middle East, are putting new pressure on European allies
