AfD’s projected 44% win in Saxony-Anhalt triggered warnings from Poland and France, adding a fresh political risk signal for European markets.
Putin said chances for peace in Ukraine exist, while Zelensky said U.S. delegates will visit Kyiv and Moscow to discuss a possible settlement.
Drone strikes hit Russian cities Belgorod, Rostov-on-Don, and Engels airfield, causing fires and damaging logistics and energy infrastructure amid ongoing Ukraine conflict.
Ukraine's parliament is poised to approve Sergei Koretsky as the new prime minister, with a significant Cabinet reshuffle scheduled for July 16.
Germany announces a record €124.7 billion defense budget for 2026, marking a 25.5% increase amid NATO efforts to boost European military spending.
Germany's 2027 budget plan raises spending by 6% and borrowing to €118.7 billion, with defense funding up 32.7% amid security concerns over Russia.
Latvian President Edgars Rinkēvičs warns NATO to prepare for potential escalation with Russia, stressing the need for stronger military capabilities and alliance unity ahead of the Ankara summit.
Germany commits an extra €300 million to the Czech-led ammunition supply initiative, securing 50,000 rounds for Ukraine amid reduced multinational financial support.
Rheinmetall signs a €5.7 billion arms deal with Romania, funded by the EU’s Security Action for Europe program, marking a significant boost in European defense procurement.
The UK plans to boost its defense budget by £18 billion amid political unrest, impacting defense markets and fiscal policy ahead of a crucial announcement by PM Starmer.
Latvian Defense Minister Andris Spruds resigns following unauthorized drone incursions linked to Ukraine, raising concerns over Baltic airspace security amid regional conflicts.