Swedish aerospace and defense group
NATO leaders reaffirm an Article 5 commitment while European defence spending rises. Trump criticises allies over Iran war and defence budgets, threatening trade measures and debates over Greenland. Ukraine receives new aid and weapons deals are announced, but unity appears fragile as divisions persist.
Europe’s leaders are pursuing a global, integrated missile defense against future threats, while Ukraine seeks faster air-defense and a European-backed, lower-cost system. At Paris talks, Macron and Zelenskyy outline steps toward a coalition of the willing and the Freyja project to supplement, not replace, existing defenses.
President Volodymyr Zelenskyy has appointed Maj. Gen. Mykhailo Drapatyi as Ukraine’s commander-in-chief after mass protests over the dismissal of reform-minded ex-defence minister Mykhailo Fedorov. Drapatyi, 43, is being welcomed as a moderniser; Fedorov has refused offered alternatives and his supporters are continuing street demonstrations while Russia keeps striking Ukrainian cities.
NATO allies have announced more than $50 billion in new procurements and cross-border production deals, signaling a rapid buildup in military hardware and cooperation. The moves include drones, airborne warning aircraft, and a transatlantic push to expand European manufacturing capacity. Analysts say the money is real and the pace will accelerate, with continued questions about political turnout and legitimacy.
Rheinmetall has revised its revenue guidance for 2026 to as low as €13.7 billion, down from €14.0 billion, while maintaining its operating margin. The company reports a 39% rise in first-half sales and a 74% jump in profits, with new naval division contributing to growth; investors weigh valuations amid strong orders and potential shifts in government spending.
Global markets have steadied as US retail sales disappointed expectations but inflation trends remain subdued. European shares edge higher on energy-price easing, while oil prices pull back slightly amid a holiday lull. The day closes with investors weighing the timing of the next Federal Reserve move.
President Donald Trump has threatened to block Canadian manufacturer Bombardier from selling aircraft in the United States as Ottawa and Washington have exchanged tariffs on roughly $20–28 billion of goods. Canada has imposed retaliatory levies of 15–50%, and Bombardier has said it employs thousands in the US and sources components from 47 states.
European Commission President Ursula von der Leyen has proposed making Canada the EU's first "associate member." Canadian Prime Minister Mark Carney has welcomed closer ties that would deepen cooperation on trade, defence, AI, critical minerals and Arctic issues beyond the existing CETA deal. EU member states and diplomats say the proposal is undefined and legal and political obstacles remain.