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A new lobbying scandal in the European Parliament has emerged, with police raids linked to allegations of bribery involving Huawei. Investigators are focusing on 15 current and former MEPs, with several arrests made and offices sealed. Huawei has stated it takes the allegations seriously and is committed to cooperating with the investigation.
Polish Prime Minister Donald Tusk announced plans for large-scale military training for all adult males to bolster reserves amid heightened security concerns in Europe. He emphasized the need for a 500,000-strong army, including reservists, as fears grow over Russia's actions in Ukraine and shifting U.S. support. President Andrzej Duda proposed a constitutional amendment to mandate defense spending of at least 4% of GDP, reinforcing Poland's commitment to national security.
President Trump suspended a planned 25% tariff on imports from Mexico for a month after a cordial conversation with Mexican President Claude Sheinbaum, who agreed to send 10,000 troops to the U.S. border to combat fentanyl and illegal migration. This temporary deal eased market concerns, although tariffs on Canada and China remain in effect. Ontario's Premier Doug Ford announced a ban on American companies from public contracts, attributing the economic fallout to Trump's policies, while European leaders expressed the need to respond to potential trade attacks.
Ukraine has faced 1,200 Russian attacks on energy facilities since 2022, with significant damage reported in six regions. Polish PM Tusk urges Europe to bolster defense in light of Trump's presidency, while Russia sees a fleeting chance for negotiations. Meanwhile, Hungary's Orban criticizes Ukraine's gas transit decisions, warning of potential repercussions.
Poland may see interest rate cuts in July following the presidential election, according to central banker Przemyslaw Litwiniuk. Tensions between the central bank and the ruling party have resurfaced, especially after Governor Adam Glapinski's unexpected comments on delaying monetary easing until 2026, which raised concerns of political motivations.
Donald Tusk
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