China's MOFCOM says China and the US are in consultations on arrangement for a USD 30bln reciprocal tariff cut framework, Xinhua reports

Pakistan's Foreign Minister says that there are no discussions right now regarding plans to act under the Makkah Defence Agreement; when the time comes, will act on the agreement

NATO allies have reportedly caught Russian subs training to debut a secret weapon which could disable critical undersea cables, without leaving evidence, Reuters reports

China's MOFCOM says China and the US are in consultations on arrangement for a USD 30bln reciprocal tariff cut framework, Xinhua reports

European Movers: Fortum (FORTUM FH) +3%, Porsche AG (P911 GY) +1.4%, Novartis (NOVN SW) +0.8%, Associated British Foods (ABF LN) -10%

Pakistan's Foreign Office spokesperson says the Makkah defence agreement is a defensive alliance focused on deterrence, with expansion not currently planned until its foundations are solidified, journalist Mallick reports