Germany has urged arms manufacturers to expedite defence production, strengthening Europe’s military capabilities in a broad plan to modernise equipment.

Brussels is proposing an annual levy on large firms to bolster the EU’s budget, prompting debate over potential costs and effects on corporate operations.

The UK and France have agreed to a reciprocal scheme to address pressures caused by arrivals across the Channel, with the PM emphasising strengthened cooperation and the potential to streamline processes on both sides.

AI chipmaker Nvidia is poised to surpass a $4 trillion valuation, propelled by surging demand in the US technology sector and robust investor enthusiasm around artificial intelligence.