Leaders seek a diplomatic solution despite US president’s threat of ‘a very bad future’ for Nato unless it provides warshipsMiddle East crisis – live updatesEuropean countries have ruled out sending warships to the strait of Hormuz, despite threats from Donald Trump that Nato faces “a very bad future” if members fail to help reopen the vital waterway.Germany ruled out participation in any military activity, including efforts to reopen the strait. “This is not our war, we have not started it,” said the country’s defence minister, Boris Pistorius. Continue reading...
US president says it is ‘only appropriate’ for Europe to help, and warns failure to do so would be ‘very bad’ for Nato. Plus, meet the Americans withholding their federal income taxGood morning.Donald Trump has ratcheted up the pressure on European allies to help protect the strait of Hormuz, warning that Nato faces a “very bad” future if its members fail to come to Washington’s aid.What did Trump say? The US president told the Financial Times in an interview: “It’s only appropriate that people who are the beneficiaries of the strait will help to make sure that nothing bad happens there. If there’s no response or if it’s a negative response, I think it will be very bad for the future of Nato.”Who else won? Here’s all the winners at the 98th Academy Awards.Who was remembered this year? This year’s Academy Awards featured an extended in memoriam section to honour the considerable number of Hollywood legends who have died over the past year. Diane Keaton, Robert Redford and Rob Reiner were remembered in standalone speeches, while Claudia Cardinale and Catherine O’Hara also had extended moments. James Van Der Beek and Brigitte Bardot were among stars who were snubbed from the tribute. Continue reading...
Milan-based bank plans to up its near-30% stake in German lender to trigger formal talks despite strong opposition from BerlinTwo European banking powerhouses have become embroiled in a €35bn (£30bn) takeover battle after Italy’s UniCredit stepped up its long-running pursuit of German lender Commerzbank, despite strong opposition from the German government.UniCredit first took a stake of 9% in Commerzbank in September 2024 and has since built up its holding to just under 30%. It said on Monday it was pushing to increase that holding further and push the rival lender into formal merger talks. Continue reading...
US president says it is ‘only appropriate’ for Europe to help, and warns failure to do so would be ‘very bad’ for NatoMiddle East crisis – live updatesDonald Trump has ratcheted up the pressure on European allies to help protect the strait of Hormuz, warning that Nato faces a “very bad” future if its members fail to come to Washington’s aid.The effective closure of the vital waterway by Tehran in retaliation for airstrikes by the US and Israel has proved catastrophic for global energy and trade flows, causing the largest oil supply disruption in history and soaring global oil prices. Continue reading...
British negotiators ‘blindsided’ by Brussels’ demand for a reduction that could cost universities £140m a yearBritain is in a standoff with Brussels over a demand to cut university tuition fees for European students, in a row that threatens to scupper Keir Starmer’s planned EU reset.EU officials say European students should pay “home” fees of about £9,500 a year as part of the negotiations over a youth mobility scheme, rather than the higher international rate, which can rise above £60,000. Continue reading...
Summer holidaymakers opting for ‘more familiar, easy-to-reach locations’ as travel industry counts cost of Middle East conflictHolidaymakers who had planned to visit the eastern Mediterranean this summer are moving their trips to the west and the Caribbean because of the US-Israel war on Iran, travel companies have said.Travellers from the UK and mainland Europe are increasingly swapping their holiday destinations away from Cyprus, Turkey and Greece towards Italy, Spain, Malta and Croatia, as the region around the Middle East grapples with flight cancellations and airspace closures. Continue reading...
Major European companies warned EU leaders on March 13, 2026, that efforts to reduce dependence on US tech like Microsoft and Google cloud services could damage profitability and competitiveness. The EU's new sovereignty package targets AI and software reliance amid geopolitical risks. Firms across banking and manufacturing highlighted the high costs of shifting from entrenched US platforms. Discussions echoed concerns raised at the January Davos World Economic Forum.
