Tax Havens - Held Hostage - EU proposes €1.3 trillion budget
The US said it would impose "unprecedented financial pressure on Iran." The refusal to grant EU businesses an exemption for Iran sanctions pushes Europe and the US further down a collision course over ties to Tehran.
After praising the US's relationship with Germany, President Donald Trump is accusing the country of skimping on its defense budget. Earlier in the day, he'd put on a smile while addressing reporters with Angela Merkel.
At a time of heightened uncertainty in the global economic environment, leaders of Europe and China are meeting to ponder ways to counter the fallout from US President Trump's "America First" policies.
The EU and Japan have signed an unprecedented free trade agreement which will create one of the world's largest trading blocs. European Council President Donald Tusk says it is a "clear message" against protectionism.
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