Gold Prices Rebound in Europe as Geopolitical Tensions and Fed Outlook Support Bullion 
South Korea Factory Activity Returns to Growth in December on Export Rebound 
U.S. Dollar Starts 2026 Weak as Yen, Euro and Sterling Hold Firm Amid Rate Cut Expectations 
Canada–China Strategic Partnership Signals Reset With Historic Economic Potential 
Oil Prices Stabilize at Start of 2026 as OPEC+ Policy and Geopolitical Risks Shape Market Outlook 
South Korean Won Slides Despite Government Efforts to Stabilize Currency Markets 
Federal Reserve Begins Treasury Bill Purchases to Stabilize Reserves and Money Markets 
Trump Administration Proposes $1 Billion Fee for New Global Peace Board 
Ukraine Seeks U.S. Security Guarantees and Post-War Recovery Deal Ahead of Davos Talks 
US Imposes 25% Tariff on High-End Semiconductors as Phase One Move 
U.S. Military Kills Al Qaeda-Linked Leader Connected to Deadly ISIS Attack in Syria 
Asia Manufacturing PMI Rebounds as Exports and Tech Demand Drive Growth into 2026 
IMF Chief Signals New $8.1 Billion Ukraine Aid Program After Surprise Kyiv Visit 
Oil Prices Slide in 2025 as Oversupply and Geopolitical Risks Shape Market Outlook 
Trump Signals Preference for Hassett to Stay at White House, Shifting Fed Chair Odds and Markets 
Japanese Business Leaders Urge Government Action as Weak Yen Strains Economy 
U.S. Warns All Options Remain on Table as Iran Protests Dominate U.N. Security Council Debate 
Ambassadors from the European Union’s 27 member states are set to gather on Sunday for an emergency meeting following escalating tensions with the United States, after U.S. President Donald Trump threatened a new wave of tariffs against European allies. The move comes after Trump reiterated his demand that the United States be allowed to buy Greenland, a semi-autonomous territory of Denmark, reigniting a controversial issue that has strained transatlantic relations.
According to EU officials, the extraordinary meeting was called by Cyprus, which currently holds the EU’s six-month rotating presidency. The Cypriot government announced late Saturday that it had requested urgent consultations among EU ambassadors to assess the situation and coordinate a unified response. Diplomats confirmed that the meeting is scheduled to begin at 5 p.m. local time in Brussels (1600 GMT).
The emergency talks reflect growing concern within the European Union over the potential economic and political fallout of renewed U.S. tariffs. President Trump reportedly warned that duties on European goods could increase unless Washington is given the opportunity to negotiate the purchase of Greenland, a proposal that has been firmly rejected by Denmark and viewed across Europe as unacceptable. EU leaders see the issue not only as a matter of sovereignty but also as a test of unity among member states in the face of external pressure.
Trade relations between the EU and the United States have been fragile in recent years, with disputes over steel, aluminum, and digital taxes already impacting billions of euros in trade. A fresh round of tariffs could further disrupt supply chains, raise costs for businesses and consumers, and weaken the broader transatlantic partnership at a time of global economic uncertainty.
EU diplomats are expected to discuss possible countermeasures, diplomatic outreach to Washington, and strategies to de-escalate tensions while defending European interests. While no formal decisions are anticipated from Sunday’s meeting, the talks aim to send a clear signal that the EU is prepared to respond collectively to any unilateral trade actions.
The outcome of the emergency session may shape the next phase of EU-U.S. relations, as European leaders balance the need for dialogue with the determination to protect economic stability and political sovereignty.
