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Global Briefing May 29

Russian Drone Hits Romania, First NATO Casualties

Both wars widened beyond their fronts. A Russian drone caused the war's first casualties on NATO soil, hitting an apartment block in Galați, Romania, prompting Bucharest to expel Russia's consul and NATO to vow it would defend "every inch"; another struck a Turkish cargo ship off Odesa. In the Gulf, Trump threatened to "blow up" Oman even as US and Iranian negotiators agreed a 60-day ceasefire extension, and oil's retreat lifted Japan's Nikkei past 65,000. Der Spiegel reported a "drastic" US cut to NATO forces as Africa fought an Ebola outbreak spreading from Congo into Uganda.

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us · United States

Trump Can't End Iran War, So He Changes Subject

This was the week the Iran war stopped being a foreign-policy story for Americans and became a domestic one: inflation hit a three-year high of 4.2%, petrol is up 39% since the fighting began, and a hundred days in the average household is $750 poorer. The economy is somehow still adding jobs. But unable to end the war that is driving the prices, the president spent the week fighting on every other front instead — his own last election, naturalised citizens, China, and the spy law that briefs him each morning.

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gb · United Kingdom

Britain Runs Out of Money for Defence and Order

John Healey's resignation as defence secretary was not an ordinary reshuffle: he walked out accusing Keir Starmer and the Treasury of refusing to pay for Britain's defence at the most dangerous moment since the Cold War, the week the entire fleet of attack submarines sat in dock. And as the state struggled to fund the things that keep a country safe abroad, it was visibly losing its grip on order at home — the Henry Nowak murder, riots in Belfast, a stabbing in a Manchester school. A government is meant to be able to do both. This one, this week, could do neither.

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fr · France

Lyhanna Murder Puts French State on Trial

The killing of 11-year-old Lyhanna did what no ordinary political crisis had managed: it put the French state itself in the dock. Her suspected killer had been accused of raping a 10-year-old the previous August and was never questioned. More than 60,000 people marched; the justice minister apologised and ordered a review of 70,000 abuse cases while refusing to resign; the far right demanded his head. Abroad, France was helping lead the diplomacy to end the war in Ukraine. At home, it could not protect a child it had been warned about.

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de · Germany

Merz Bets Germany's Future on Autonomy as US Pulls 5,000 Troops

Friedrich Merz has made his choice: a Germany less dependent on an America it no longer trusts. This week he absorbed the loss of 5,000 US troops pulled out over his criticism of the Iran war, killed the €100bn FCAS fighter jet with France, and offered Ukraine a seat inside the EU. It is a coherent bet on strategic autonomy. The catch is that the costs are arriving at home — a suspected extremist arson that blacked out 40,000 homes, and a record 85,837 politically motivated crimes — before the autonomy does.

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ua · Ukraine

Ukraine Offers to Freeze War by Escalating Strikes

Ukraine spent the week doing two things that only look contradictory: offering to freeze the war and fighting it harder than ever. Zelenskyy signalled he would accept halting the conflict along the current front line, and Europe lined up behind him. At the same time his long-range drones set Russia's fuel system alight, spreading petrol shortages to 25 regions. The escalation is not at odds with the peace offer — it is what gives the offer its weight. Whether Moscow ever picks it up depends less on the talks than on how dry Russia's pumps run.

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tr · Turkey

Erdoğan Declares Turkey a 'Playmaker' at Security Conference

Erdoğan spent the week looking indispensable to the world — mediating between Washington and Tehran, branding Turkey a regional 'playmaker', and savaging Netanyahu over Gaza. It is real influence, and it has a domestic use. The more the West needs Ankara, the freer his hand at home, where he has jailed his strongest rival and hundreds of opposition officials and will host NATO's leaders next month behind 40,000 security personnel. The same assertiveness that makes Turkey useful to Washington also had its jets harassing European defence ministers off Cyprus.

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Day in Review

All Events

Every other event tracked today, with a one-line preview. Click Show summary to read more.

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ua95

Russian drone strikes Galați apartment block, injuring two, as Romania closes Russia's Constanța consulate

A Russian Geran-2 drone, part of a 43-UAV swarm launched at Ukraine, crashed into a 10-story apartment block in Galați, Romania, overnight on May 29, injuring a 14-year-old boy and his 53-year-old mother and forcing the evacuation of 70 residents. President Nicușor Dan called it the most serious security incident on Romanian soil since Russia's 2022 invasion, ordered Russia's consulate general in Constanța closed and the consul general expelled, and Foreign Minister Oana Țoiu asked NATO to accelerate anti-drone deliveries. NATO Secretary-General Mark Rutte pledged to defend "every inch" of allied territory and the European Commission said Russia had "crossed yet another line," even as President Vladimir Putin claimed he did not know the drone's origin.

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A Russian Geran-2 drone, part of a 43-UAV swarm launched at Ukraine, crashed into a 10-story apartment block in Galați, Romania, overnight on May 29, injuring a 14-year-old boy and his 53-year-old mother and forcing the evacuation of 70 residents. President Nicușor Dan called it the most serious security incident on Romanian soil since Russia's 2022 invasion, ordered Russia's consulate general in Constanța closed and the consul general expelled, and Foreign Minister Oana Țoiu asked NATO to accelerate anti-drone deliveries. NATO Secretary-General Mark Rutte pledged to defend "every inch" of allied territory and the European Commission said Russia had "crossed yet another line," even as President Vladimir Putin claimed he did not know the drone's origin.

fr92

EU's six largest economies agree a blueprint for a 'Savings and Investment Union' to rival Wall Street

The finance ministers of France, Germany, Italy, the Netherlands, Spain and Poland -- the "E6" -- agreed at a Berlin mini-summit on the outline of a "Savings and Investment Union" meant to turn the EU into a market that can rival Wall Street and the City of London. The plan would upgrade the European Securities and Markets Authority into a single bloc-wide supervisor and channel some of the EUR11 trillion that EU households hold in cash savings into the economy. The six must now win at least nine more governments before presenting the deal to all EU finance ministers on June 12, with Ireland, Luxembourg and Cyprus already wary of a "two-speed Europe."

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The finance ministers of France, Germany, Italy, the Netherlands, Spain and Poland -- the "E6" -- agreed at a Berlin mini-summit on the outline of a "Savings and Investment Union" meant to turn the EU into a market that can rival Wall Street and the City of London. The plan would upgrade the European Securities and Markets Authority into a single bloc-wide supervisor and channel some of the EUR11 trillion that EU households hold in cash savings into the economy. The six must now win at least nine more governments before presenting the deal to all EU finance ministers on June 12, with Ireland, Luxembourg and Cyprus already wary of a "two-speed Europe."

us92

Trump threatens to 'blow up' Oman if it joins Iran in controlling the Strait of Hormuz

President Donald Trump warned this week that the United States would strike Oman if the sultanate moved to jointly regulate the Strait of Hormuz with Iran, telling reporters, "Oman will behave like everyone else, or we'll have to blow them up." The threat followed an Iranian state television report of an unofficial draft to let Tehran and Muscat co-manage traffic through the waterway, and it targets the Gulf's most trusted mediator between Washington and Tehran. Regional analysts called a US strike highly unlikely and the idea of Omani-Iranian joint control "unrealistic," saying Muscat has no interest in it and that an attack would gut Washington's diplomatic options across the region.

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President Donald Trump warned this week that the United States would strike Oman if the sultanate moved to jointly regulate the Strait of Hormuz with Iran, telling reporters, "Oman will behave like everyone else, or we'll have to blow them up." The threat followed an Iranian state television report of an unofficial draft to let Tehran and Muscat co-manage traffic through the waterway, and it targets the Gulf's most trusted mediator between Washington and Tehran. Regional analysts called a US strike highly unlikely and the idea of Omani-Iranian joint control "unrealistic," saying Muscat has no interest in it and that an attack would gut Washington's diplomatic options across the region.

tr92

Russian drone hits Turkish-owned cargo ship leaving Odesa, injuring two crew as Ankara warns against Black Sea escalation

A Russian drone struck the Turkish-owned, Vanuatu-flagged cargo vessel ANT late on May 28 as it carried dry bulk from Odesa to Türkiye, injuring two Turkish crew members and setting the ship's superstructure on fire. Turkey's Foreign Ministry confirmed the injuries, said it was monitoring the two nationals through its consulate general in Odesa, and urged all parties to avoid "uncontrolled escalation" and protect civilian shipping in the Black Sea. Ukraine's navy said "the Russian Federation carried out a targeted attack on a Turkish vessel," and the strike came hours after Ukrainian sea drones hit three Russia-linked tankers off Turkey's northern coast.

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A Russian drone struck the Turkish-owned, Vanuatu-flagged cargo vessel ANT late on May 28 as it carried dry bulk from Odesa to Türkiye, injuring two Turkish crew members and setting the ship's superstructure on fire. Turkey's Foreign Ministry confirmed the injuries, said it was monitoring the two nationals through its consulate general in Odesa, and urged all parties to avoid "uncontrolled escalation" and protect civilian shipping in the Black Sea. Ukraine's navy said "the Russian Federation carried out a targeted attack on a Turkish vessel," and the strike came hours after Ukrainian sea drones hit three Russia-linked tankers off Turkey's northern coast.

ua90

Zelensky warns Russia preparing new massive strike on Ukraine

Ukrainian President Volodymyr Zelenskyy said on May 29 that intelligence indicates Russia is preparing a new large-scale strike on Ukrainian cities and communities. He urged partners to accelerate air defense deliveries and increase sanctions pressure on Moscow. The warning follows a major Russian assault on May 24 that hit Kyiv with 90 missiles and 600 drones, killing three and injuring around 90.

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Ukrainian President Volodymyr Zelenskyy said on May 29 that intelligence indicates Russia is preparing a new large-scale strike on Ukrainian cities and communities. He urged partners to accelerate air defense deliveries and increase sanctions pressure on Moscow. The warning follows a major Russian assault on May 24 that hit Kyiv with 90 missiles and 600 drones, killing three and injuring around 90.

de90

German climate council says 2025 emissions fell on a weak economy, not policy, and warns the 2045 net-zero target is out of reach

Germany's independent Council of Experts on Climate Change said the country's industry and energy emissions fell in 2025 but credited a stagnant economy rather than climate policy, and warned that current measures will not deliver the 2045 net-zero goal. Chairwoman Barbara Schlomann said transport and buildings remain far off track and that natural carbon sinks -- forests, bogs and grasslands -- are turning into net emitters, while even the government's March climate package, forced by a court ruling, would fall short. Environment Minister Carsten Schneider said he took the findings seriously and would give priority to renewables and to reforming EU emissions trading.

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Germany's independent Council of Experts on Climate Change said the country's industry and energy emissions fell in 2025 but credited a stagnant economy rather than climate policy, and warned that current measures will not deliver the 2045 net-zero goal. Chairwoman Barbara Schlomann said transport and buildings remain far off track and that natural carbon sinks -- forests, bogs and grasslands -- are turning into net emitters, while even the government's March climate package, forced by a court ruling, would fall short. Environment Minister Carsten Schneider said he took the findings seriously and would give priority to renewables and to reforming EU emissions trading.

fr88

French PM Lecornu demands 'change of scale' in response to drug trafficking after first interministerial meeting deemed insufficient

French Prime Minister Sébastien Lecornu on Friday chaired the first interministerial committee on organized crime and told ministers their proposals were "technical and insufficient," demanding a "change of scale" in the fight against drug trafficking. The meeting came amid a surge in drug-related murders and growing involvement of minors as victims or perpetrators. Lecornu said Matignon will take a leading role and that Education Minister Édouard Geffray will be a frontline participant.

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French Prime Minister Sébastien Lecornu on Friday chaired the first interministerial committee on organized crime and told ministers their proposals were "technical and insufficient," demanding a "change of scale" in the fight against drug trafficking. The meeting came amid a surge in drug-related murders and growing involvement of minors as victims or perpetrators. Lecornu said Matignon will take a leading role and that Education Minister Édouard Geffray will be a frontline participant.

us88

US average gas price falls to $4.39 as Iran ceasefire talks progress

The U.S. average price for regular gasoline fell to $4.39 per gallon on Friday, down 16 cents over the past week, as the U.S. and Iran neared a possible deal to extend the ceasefire, according to AAA. Prices remain far above the roughly $3 per gallon Americans paid just before the war began. Analysts caution that a quick return to pre-war levels is unlikely due to tight global markets and the potential for renewed conflict.

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The U.S. average price for regular gasoline fell to $4.39 per gallon on Friday, down 16 cents over the past week, as the U.S. and Iran neared a possible deal to extend the ceasefire, according to AAA. Prices remain far above the roughly $3 per gallon Americans paid just before the war began. Analysts caution that a quick return to pre-war levels is unlikely due to tight global markets and the potential for renewed conflict.

ua88

Russia launches 232 drones at Ukraine; Odesa, Zaporizhzhia hit, 4,000 lose power

Russia launched 232 drones against Ukraine overnight on 29 May, one of the largest recent attacks, Ukraine's Air Defence said. Interceptors downed 217 drones, but strikes in Odesa left about 4,000 people without electricity and hit three commercial vessels in the Black Sea, injuring two crew members. In Zaporizhzhia, three people were injured when a residential area was struck.

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Russia launched 232 drones against Ukraine overnight on 29 May, one of the largest recent attacks, Ukraine's Air Defence said. Interceptors downed 217 drones, but strikes in Odesa left about 4,000 people without electricity and hit three commercial vessels in the Black Sea, injuring two crew members. In Zaporizhzhia, three people were injured when a residential area was struck.

us85

US immigration slowdown under Trump drags on economy and productivity, Fed and Yale studies show

A sharp slowdown in U.S. population growth driven by President Trump's immigration crackdown is weighing on employment and productivity, according to new research from Federal Reserve economists and the Yale Budget Lab. Fed analysis found the breakeven rate for monthly job gains has dropped close to zero, while Yale projects the U.S. could have up to 4.6 million fewer working-age people by 2033 and economy-wide productivity 0.25% to 0.44% lower by 2052. The Congressional Budget Office projects potential labor-force growth to average less than half its 2025 pace over the next decade due to lower immigration.

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A sharp slowdown in U.S. population growth driven by President Trump's immigration crackdown is weighing on employment and productivity, according to new research from Federal Reserve economists and the Yale Budget Lab. Fed analysis found the breakeven rate for monthly job gains has dropped close to zero, while Yale projects the U.S. could have up to 4.6 million fewer working-age people by 2033 and economy-wide productivity 0.25% to 0.44% lower by 2052. The Congressional Budget Office projects potential labor-force growth to average less than half its 2025 pace over the next decade due to lower immigration.