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EU leaders fear for US relationship despite Trump climbdown

Europeans criticised by Ukraine’s Volodymyr Zelenskyy for failing to lead ‘in defending freedom’

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Manufacturing issues a blow to group’s high-stakes push to become a US champion in advanced chipmaking

From David Postings, Chief Executive, UK Finance, London EC2, UK

From Professor Robert Gawłowski, WSB Merito University, Bydgoszcz, Poland

From Mark Adams, Lausanne, Switzerland

From Marit Rødevand, CEO, Strise, Oslo, Norway

From John Gent, London KT1, UK

From Alison Marshall and David Sinclair

From Matt Shaw, Oxford, UK

European leaders hold summit in Brussels to consider response to Donald Trump’s climbdown

GfK index rose by 1 point to minus 16 in January, up from a low of minus 23 in April 2025

Legislation that could reach final approval next week allows foreign and local private companies to commercialise oilfields

Good relations with the US commander-in-chief are more than a nice-to-have

US president claims lender unfairly closed his accounts for political reasons

Long-serving chief executive of largest US bank paid $1.5mn in base salary and a $41.5mn bonus

Also in today’s newsletter: South Korean leader celebrates ‘Kospi 5,000’, and SpaceX lines up banks for IPO

Danish PM open to renegotiating 1951 pact provided country’s sovereignty was not called into question

Move will allow carmakers to offer more generous loan terms at a time of mounting concern over vehicle affordability

Why Trump chickened out on Greenland

President Emmanuel Macron says vessel was subject to western sanctions

Parliamentarians this week voted to refer the deal to the European Court of Justice

Home Secretary is due to publish a white paper on Monday outlining a radical reshaping of the service’s structure