The European defence market needs to align requirements and demand in order to create scale as it attempts to boost capability, the CEO of Swedish defence group Saab said.

China lodged a protest over Defense Secretary Pete Hegseth’s speech at a defense forum in Singapore on Saturday, even as Beijing chose not to send its top military diplomat to the annual event.

The flurry of punitive measures taken against China by the Trump administration over the last few days was prompted by a belief among US officials that China has failed to live up to commitments it made in trade talks earlier this month,

Bitcoin fell 5% from its Thursday high after President Donald Trump accused China of violating the terms of a tariff truce from earlier this month. Trump took to Truth Social on Friday to assert that China was breaking the rules of a deal in which the two nations agreed to roll back most tariffs on each other’s goods.