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Trump’s Envoy to France Sparks Diplomatic Strain After Skipping Summons

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Tensions between Washington and Paris have intensified after Charles Kushner, U.S. President Donald Trump’s envoy to France, twice failed to appear when summoned by the French foreign ministry. Kushner, who arrived in Paris last summer, has drawn criticism for bypassing traditional diplomatic norms, including publishing an open letter accusing France of not doing enough to combat antisemitism. His remarks were publicly rebuked by Emmanuel Macron, who called them unacceptable for a diplomat.

The latest friction followed the embassy’s reposting of U.S. State Department comments regarding the killing of a French far-right activist, prompting another summons that Kushner did not attend. French officials signaled he could be temporarily barred from meetings with government representatives. However, Kushner later held what both sides described as a frank and amicable call with Foreign Minister Jean-Noël Barrot, agreeing to meet in the coming days and reaffirming cooperation as the two nations mark 250 years of diplomatic relations.

Kushner’s tenure reflects a broader pattern of Trump-appointed ambassadors stirring debate across Europe. A real estate executive with no prior diplomatic experience, he has prioritized concerns about antisemitism, which surged in France after the 2023 Gaza conflict. While critics view his approach as confrontational and dismissive of diplomatic protocol, supporters argue his close ties to Trump give him influence and urgency. Observers say the episode underscores deeper strains in U.S.-France relations over trade, regulation and sovereignty issues.

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Louvre Director Resigns After Crown Jewels Heist Shakes Museum

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The director of the Louvre Museum, Laurence des Cars, has resigned months after a high-profile theft of France’s crown jewels stunned the art world. She submitted her resignation to Emmanuel Macron, who said the museum now needed “calm and a strong new impetus” to move forward with major security and modernisation projects.

The brazen raid took place on 19 October, when thieves used a stolen vehicle-mounted mechanical lift to access a balcony near the River Seine and break into the museum’s Gallery of Apollo. While four suspects have been arrested, eight pieces of jewellery worth an estimated €88 million remain missing. Among the stolen items were historic jewels, including pieces linked to Napoleon, while a 19th-century diamond-studded crown belonging to Empress Eugénie was dropped during the escape and damaged, though officials say it can be fully restored.

In the aftermath, des Cars acknowledged that perimeter CCTV systems were weak and outdated, with critical blind spots near the point of entry. A parliamentary inquiry is now investigating what a preliminary report described as “systemic failures” that enabled the break-in. The museum, which attracts more than 8.7 million visitors annually and houses masterpieces such as the Mona Lisa, has also recently faced a suspected ticket fraud scheme and infrastructure issues, adding to the challenges confronting its leadership.

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Glencore to Buy $115M Cobalt from Industry Veteran for U.S. Stockpile

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Glencore has reached an agreement to purchase nearly 2,000 metric tons of cobalt from industry veteran Rami Weisfisch, worth around $115 million at current market prices. The deal, spanning 12 months in 2026, is expected to supply the United States for its planned National Defense Stockpile under Project Vault, a program backed by $12 billion in public and private funding. The cobalt, originally acquired by Weisfisch in 2015, is stored across Europe and the U.S., and marks the end of Weisfisch’s 50-year involvement in the cobalt industry.

The move comes amid heightened U.S. efforts to secure critical materials, including cobalt, to reduce reliance on China, the dominant global supplier and processor of strategic metals. Glencore’s CEO Gary Nagle confirmed the company’s participation in Project Vault, following the cancellation of a U.S. Defense Logistics Agency tender for cobalt last year. The deal uses pricing tied to Fastmarkets assessments, ensuring alignment with current market conditions.

Cobalt prices have surged approximately 160% since February 2025, reaching $26 per pound ($57,320 per ton), driven by tight supply and rising global demand. Democratic Republic of Congo, the top producer, imposed export quotas from February to mid-October, disrupting supply chains. China, the largest cobalt processor, has been most affected by these restrictions, scrambling to secure cobalt for its industries, including lithium-ion battery production for electric vehicles and mobile devices.

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German Chancellor Merz Visits China Amid Trade Challenges

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German Chancellor Friedrich Merz has embarked on his first official visit to China, leading a delegation of senior German business leaders, including heads of Volkswagen, BMW, and Mercedes-Benz. The trip aims to strengthen economic ties as Germany faces growing trade deficits and competitive pressures from China’s booming electric vehicle industry. Merz’s visit comes amid concerns over supply chain vulnerabilities and global economic rivalry.

China, Germany’s largest trading partner in 2025, has reversed years of trade surpluses, leaving Germany with a deficit of nearly €90 billion. German officials warn that export controls, overcapacity, and rising competition from Chinese firms have created a challenging environment for German manufacturers, prompting calls for Merz to negotiate better terms for industry.

During his visit, Merz is scheduled to meet President Xi Jinping and Prime Minister Li Qiang, signing economic agreements and visiting major facilities, including a Mercedes-Benz EV plant and Siemens Energy site. The trip reflects Germany’s strategic effort to balance trade relations with China while addressing EU measures protecting local industries from underpriced imports.

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Rob Jetten Becomes Netherlands’ Youngest PM

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Rob Jetten, 38, has been sworn in as the youngest and first openly gay prime minister of the Netherlands, leading a centre-right minority government with the VVD and CDA after his Democrats 66 (D66) narrowly won October’s elections over Geert Wilders. His government faces the challenge of passing major reforms, including €19bn for defense and cuts to healthcare and benefits, on a vote-by-vote basis in parliament.

The coalition plans stricter asylum rules, requiring refugees to apply outside Europe, a contentious issue that has toppled previous governments. Jetten, known for shaking off his “Robot Jetten” nickname, has presented a confident, modern image, appealing to younger voters with his pro-EU and socially liberal stance.

Globally, Jetten joins a small group of openly gay national leaders, marking a significant milestone for LGBTQ representation. Opposition parties, including Wilders and the GreenLeft-Labour coalition, have voiced concerns over the government’s financial and social plans, warning of unfair burdens on ordinary citizens.

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Novo Nordisk Loses Wegovy-Era Gains

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Shares of Novo Nordisk plunged more than 16%, erasing the remaining gains driven by its blockbuster weight-loss drug Wegovy. The sharp decline followed disappointing trial results for its next-generation obesity treatment CagriSema, which underperformed a rival therapy from Eli Lilly. The drop pushed Novo’s valuation sharply lower, extending a massive fall from its 2024 peak when it was briefly worth over $650 billion.

Novo has now shed roughly $475 billion in market value, with its shares retreating to levels last seen before Wegovy’s 2021 launch transformed the company into Europe’s most valuable drugmaker. The stock was among the biggest decliners on Europe’s STOXX 600 index, while Eli Lilly shares gained in U.S. trading, reflecting investor confidence in its competing obesity treatments.

Analysts said the trial setback could dent long-term sales prospects for CagriSema and make it harder for Novo to regain market share in the rapidly expanding obesity drug sector. Growing competition, particularly from highly effective weight-loss therapies, has intensified pressure on the Danish drugmaker as investors reassess its growth outlook.

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Spain to Declassify 1981 Coup Files

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Spain will release classified documents related to the failed 1981 coup attempt that shook its young democracy, Prime Minister Pedro Sanchez announced on Monday. The files, set to be made public on Wednesday, are expected to provide deeper insight into the events surrounding the attempted overthrow of the government. Sanchez said the move aims to settle a historic debt with the Spanish public and reinforce democratic transparency.

The declassified records may shed new light on the role of former King Juan Carlos I and the involvement of intelligence services and other state institutions during the crisis. However, former spy chief Alberto Saiz previously warned that several key documents connected to the plot have gone missing, potentially limiting the full picture.

The coup unfolded when Lieutenant Colonel Antonio Tejero and armed members of the Civil Guard stormed Spain’s parliament, firing shots and holding lawmakers hostage for 17 hours in a bid to restore dictatorship. The attempt ultimately failed after King Juan Carlos delivered a televised address defending the constitutional order and the elected government.

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Hungary Threatens to Block EU Sanctions on Russia

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Hungary has vowed to block the European Union’s latest sanctions package against Russia and a proposed 90-billion-euro loan for Ukraine, escalating tensions ahead of the fourth anniversary of Moscow’s full-scale invasion. The dispute centres on the disruption of Russian oil supplies through the Druzhba pipeline, which Budapest and Slovakia say has undermined their energy security. Hungarian Prime Minister Viktor Orban has indicated that Hungary will withhold support for the measures until the issue is resolved.

EU foreign ministers meeting in Brussels urged Hungary to reconsider, warning that unity is crucial as the war drags on. Ukrainian President Volodymyr Zelenskiy, in an interview with the BBC, said Russian leader Vladimir Putin had “already started” World War Three and called for intensified global pressure on Moscow. Meanwhile, U.S.-led diplomatic efforts to broker peace have yet to yield a breakthrough, with recent talks in Geneva failing to produce progress.

The standoff comes as Russian drone strikes killed two people in Ukraine’s southern Odesa region, according to Ukrainian officials, while Kyiv claims it has regained control over parts of the southern frontline. Hungary and Slovakia have also warned they could halt emergency electricity exports to Ukraine if oil flows via Druzhba are not restored. The clash underscores deep divisions within the EU as it seeks to maintain pressure on Russia while managing internal political and energy challenges.

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Swiss Industry Warns of Chaos After Fresh U.S. Tariff Hike

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Switzerland’s leading industry body Swissmem has criticised the latest tariff move by Donald Trump, saying it adds to global uncertainty and dampens investment activity. Over the weekend, Trump raised a temporary U.S. import tariff to 15% from 10%, a decision Swissmem said is exacerbating market chaos and creating fresh challenges for exporters.

Switzerland had already faced some of the highest U.S. tariffs in Europe after Washington imposed a 39% duty on Swiss exports last August. In November, Switzerland secured a preliminary agreement reducing levies to 15%, in line with the European Union. Talks are ongoing to formalise that arrangement by the end of March, and Swissmem has urged the government to continue negotiations to ensure legal certainty for businesses.

Although the new 15% tariff may not be stacked on top of the previously agreed rate, Swissmem noted that when combined with a pre-existing 5% duty on industrial goods, Swiss exports could effectively face tariffs of around 20%. The group warned that this would significantly raise prices for American customers, though it acknowledged that similar tariffs on foreign competitors may offer limited relief. Switzerland, for its part, abolished its own industrial tariffs in 2024.

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Police Officer Killed, Dozens Injured in Suspected Terror Attack in Lviv

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A 23-year-old police officer, identified as Viktoria Shpylka, was killed and 25 others were injured after two homemade explosive devices detonated in the western Ukrainian city of Lviv. According to the National Police of Ukraine, the explosives were hidden in waste bins and exploded shortly after officers responded to a reported overnight break-in at a shop in the city centre. Several officers were among the injured, with some reported to be in serious condition.

Ukrainian authorities described the incident as a terrorist attack and quickly detained a 33-year-old suspect from the Rivne region. President Volodymyr Zelensky confirmed the arrest and said investigators believe the suspect acted on instructions from Russian special services. Officials are continuing efforts to identify possible accomplices, while prosecutors have opened a terrorism investigation into the deadly attack.

The bombing comes amid ongoing conflict between Ukraine and Russia, as the country faces intensified missile and drone strikes ahead of the fourth anniversary of Russia’s full-scale invasion ordered by Vladimir Putin. Ukrainian officials reported dozens of aerial attacks targeting infrastructure and residential areas, highlighting continued security threats as Russia maintains control over parts of Ukrainian territory, including the annexed region of Crimea.

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