But after the Americans initiated a swift climbdown on Greenland at Davos — no invasion or tariffs on disobedient Europeans — I wouldn’t be so dismissive. Perhaps Also Read | Europe has the weapons for Trump’s Greenland tariff warTrump’s attempt to bully allies into submitting to his territorial demands won’t be forgotten. As Christine Lagarde, the European Central Bank president, told CNN , it should be “a wakeup call” for the bloc to decide what it needs to do “to be strong by ourselves.” She’d been forc ...

(Bloomberg) — The slump in Japanese bonds deepened Tuesday, sending yields soaring to records as investors gave a thumbs down to Prime Minister Sanae Takaichi’s election pitch to cut taxes on food. The 40-year rate rocketed past 4% to a fresh high since its debut in 2007 and a first for any maturity of the nation’s sovereign debt in more than three decades. The jump in 30- and 40-year yields of more than 25 basis points was the most since the aftermath of President Donald Trump’s Liberation Day tariffs on ...