Danish airspace closed after drone sightings, US–EU pharma tensions, Fed signals unsettle markets, China unveils new climate targets, and more.
✈️ Drone Sightings Shut Down Danish Airspace
Authorities briefly closed airspace over Aalborg after reports of drone activity. Air traffic over Aalborg, Denmark, was briefly suspended due to unconfirmed reports of drone activity in the vicinity of the city. Officials warned the incident may reflect hybrid warfare risks. Investigations are ongoing.
💊 US–EU Pharmaceutical Tensions Escalate
A proposed 100% import tariff on branded medicines sparked concern among European pharmaceutical associations, citing potential price spikes and supply disruptions.
📉 Markets Slide Amid Federal Reserve Uncertainty
Stocks wobbled after Fed Chair Jerome Powell avoided signalling imminent rate cuts. Tech and growth names led declines as investors weighed slowing momentum.
🌱 China Sets New Climate Targets
At a UN climate gathering, President Xi Jinping pledged to cut greenhouse emissions this decade and double wind and solar capacity, signalling a major push in renewables.
Global Economy Faces Fresh Strain
US manufacturers reported inventory build-ups amid slowing demand, while a cyber incident disrupted Jaguar Land Rover operations in the UK, adding supply-chain pressure.
Norwegian Group Bets Big on Boeing
Norwegian Group placed an order for 30 Boeing 737 8 MAX jets, signalling confidence in long-term travel demand and fleet renewal.
🚄 Europeans Want Cheaper Rail — Not New Taxes
An EU-wide survey found roughly 70% support for a fund to halve train fares, while proposals like new levies on flights, beef or fossil-fuel cars were far less popular.
🔥 Europe Battles Record Heat and Wildfires
Europe continues to experience record-breaking summer heat, with wildfires forcing evacuations and damaging infrastructure across several Mediterranean regions.
