France, Germany Expand Defense Partnership as Europe Seeks More Military Autonomy

 German Chancellor Friedrich Merz and French President Emmanuel Macron shake hands after a press conference at Schloss Augustusburg in Bruehl, Germany, July 17, 2026. (Reuters)
German Chancellor Friedrich Merz and French President Emmanuel Macron shake hands after a press conference at Schloss Augustusburg in Bruehl, Germany, July 17, 2026. (Reuters)
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France, Germany Expand Defense Partnership as Europe Seeks More Military Autonomy

 German Chancellor Friedrich Merz and French President Emmanuel Macron shake hands after a press conference at Schloss Augustusburg in Bruehl, Germany, July 17, 2026. (Reuters)
German Chancellor Friedrich Merz and French President Emmanuel Macron shake hands after a press conference at Schloss Augustusburg in Bruehl, Germany, July 17, 2026. (Reuters)

The leaders of Germany and France pledged on Friday to deepen defense cooperation and counter intense economic competition from China, which they said was exerting drastic pressure on Europe through overcapacity and an undervalued currency.

German Chancellor Friedrich Merz and French President Emmanuel Macron met as part of a regular series of joint cabinet meetings, looking to get past tensions over the collapse of a much-touted joint fighter jet project earlier this year.

"We are doing what is necessary to safeguard our freedom, our security and ‌our collective defense," ‌Merz told a joint press conference at which ‌the ⁠two outlined a ⁠list of objectives including missile defense and long-range strike systems.

Both leaders took aim at China, which they said was not respecting the rules of international trade by offering at least eight times the level of state support to its industry seen in other countries in the Organization for Economic Co-operation and Development (OECD).

"We are by no means anti-Chinese, either in ⁠our diplomacy or in our economy, but we take ‌a clear-eyed view," Macron said, adding that ‌Europe ran up a trade deficit with China amounting to 1 billion ‌euros ($1.14 billion) a day.

COOPERATION ON NUCLEAR DETERRENCE

The two leaders had ‌already outlined proposals for France to cooperate on nuclear deterrence with Germany, following increasingly clear signs from Washington that the United States was looking to reduce its defense commitments in Europe.

"We're taking a step-by-step approach here, and it may ‌well end up resulting in a new doctrine, but it’s far too early to say that today," ⁠Merz said, adding ⁠that any cooperation would complement existing arrangements within the NATO alliance.

Macron made clear that France would maintain full responsibility for paying for its nuclear deterrent.

"The funding for the French nuclear program will always be provided by France," he said when asked whether France was considering having Germany contribute to co-fund the program.

The so-called Future Combat Air System (FCAS) is set to continue despite the decision to abandon plans for a common fighter aircraft, with further development on the cloud-based information systems at the heart of the project.

"The remaining projects, including those relating to the cloud and other areas, are continuing to progress between our manufacturers," Macron said.



US Launches ‘Economic Onslaught’ Against Iran’s Financial Connections

WASHINGTON, DC - AUGUST 24: US Treasury Secretary Scott Bessent announces a new set of sanctions against Iran in the Cash Room at the Treasury Department on August 24, 2026 in Washington, DC. Chip Somodevilla/Getty Images/AFP
WASHINGTON, DC - AUGUST 24: US Treasury Secretary Scott Bessent announces a new set of sanctions against Iran in the Cash Room at the Treasury Department on August 24, 2026 in Washington, DC. Chip Somodevilla/Getty Images/AFP
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US Launches ‘Economic Onslaught’ Against Iran’s Financial Connections

WASHINGTON, DC - AUGUST 24: US Treasury Secretary Scott Bessent announces a new set of sanctions against Iran in the Cash Room at the Treasury Department on August 24, 2026 in Washington, DC. Chip Somodevilla/Getty Images/AFP
WASHINGTON, DC - AUGUST 24: US Treasury Secretary Scott Bessent announces a new set of sanctions against Iran in the Cash Room at the Treasury Department on August 24, 2026 in Washington, DC. Chip Somodevilla/Getty Images/AFP

US Treasury Secretary Scott Bessent unveiled Monday what he described as an "economic D-Day" that aims to give a final warning to countries to sever their business ties with Iran or risk having key companies and entities cut off from the dollar-based financial system.

"We are launching an economic onslaught against Iran’s financial connections around ⁠the globe. Our ⁠objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone," Bessent said.

He added that it’s “no longer acceptable to operate in the gray spaces” of the conflict.

He did not name what countries could face potential secondary sanctions from the United States.

“Let there be no ambiguity as to the position of the United States,” Bessent told a news conference. “An economic engagement of any kind with this murderous regime will expose those responsible to the full reach of American power.”

The US Treasury Department has mapped the networks, facilitators, and financial channels that Iran uses to smuggle oil and evade sanctions and said that Washington would be working with US partners to target any source of Iran's "illicit revenue."

The department said it has issued determinations against five sectors -- digital assets, technology, gold, ⁠aviation and shipping -- that the Iranian government is using to prop up its economy. The Treasury has also imposed sanctions on nearly 60 entities, individuals and vessels.

US President Donald Trump's war with Iran, which has pushed energy prices higher worldwide, is about to hit its six-month mark. While heavy fighting has ‌subsided, diplomatic efforts to end the war have stalled and oil and raw material shipping through the Strait of Hormuz ⁠remains blocked, ⁠keeping energy prices elevated.


Trump Says Iran 'Collapsing' Ahead of Sanctions Announcement

Motorcyclists pass a billboard depicting US President Donald Trump with hands around his neck beneath the words "Revenge is inevitable" in Tehran, Iran, Monday, Aug. 24, 2026. (AP Photo/Vahid Salemi)
Motorcyclists pass a billboard depicting US President Donald Trump with hands around his neck beneath the words "Revenge is inevitable" in Tehran, Iran, Monday, Aug. 24, 2026. (AP Photo/Vahid Salemi)
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Trump Says Iran 'Collapsing' Ahead of Sanctions Announcement

Motorcyclists pass a billboard depicting US President Donald Trump with hands around his neck beneath the words "Revenge is inevitable" in Tehran, Iran, Monday, Aug. 24, 2026. (AP Photo/Vahid Salemi)
Motorcyclists pass a billboard depicting US President Donald Trump with hands around his neck beneath the words "Revenge is inevitable" in Tehran, Iran, Monday, Aug. 24, 2026. (AP Photo/Vahid Salemi)

President Donald Trump said Monday that Iran is "collapsing" hours before the US government was set to announce details of what it says will be crushing sanctions against Tehran.

"IRAN IS COMPLETELY COLLAPSING!!!" Trump posted in his trademark all-caps style on his social media platform Truth Social.

“President Trump decimated Iran’s economy to a point where the rial has never been weaker and inflation has rarely been higher,” US Treasury Secretary Scott Bessent wrote Sunday in an opinion piece in the Financial Times.

“The regime’s final refuge now lies in the self-deception of fearful nations that still believe accommodating aggression can secure a durable peace.”


Health of Norway's King Deteriorated but he is Stable Now

(FILES) Norway's King Harald gives a speech at the gala dinner at the Castle in Oslo on April 8, 2025 during the state visit of Iceland's President Halla Tomasdottir and her husband Bjorn Skulason. (Photo by Fredrik Varfjell / NTB / AFP)
(FILES) Norway's King Harald gives a speech at the gala dinner at the Castle in Oslo on April 8, 2025 during the state visit of Iceland's President Halla Tomasdottir and her husband Bjorn Skulason. (Photo by Fredrik Varfjell / NTB / AFP)
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Health of Norway's King Deteriorated but he is Stable Now

(FILES) Norway's King Harald gives a speech at the gala dinner at the Castle in Oslo on April 8, 2025 during the state visit of Iceland's President Halla Tomasdottir and her husband Bjorn Skulason. (Photo by Fredrik Varfjell / NTB / AFP)
(FILES) Norway's King Harald gives a speech at the gala dinner at the Castle in Oslo on April 8, 2025 during the state visit of Iceland's President Halla Tomasdottir and her husband Bjorn Skulason. (Photo by Fredrik Varfjell / NTB / AFP)

Crown Prince Haakon visited his father King Harald of Norway on Monday at the hospital, after the king's health deteriorated over the weekend, public broadcaster NRK reported.

The 89-year-old monarch, who has been on sick leave for several weeks, was admitted to the National Hospital a week ago. He is now receiving antibiotics for a bacterial blood infection and has responded to treatment, the royal palace said late Sunday, adding that his condition is stable.

Haakon, has been serving as regent during that time, The Associated Press quoted the palace as saying.

The king has hemolytic anemia and was being treated with cortisone, leading to fluid accumulation in the body that required hospital treatment, the palace said last week.

Norway's prime minister sent his wishes for the king and said that “all of Norway is following and thinking about the king,” NRK reported.

“My strong wish is that he continues to receive good treatment from the good healthcare system we have,” Prime Minister Jonas Gahr Støre said.

Harald, who has been monarch since 1991, has been in and out of the hospital several times in recent years.

In February, he was admitted to a hospital in Spain’s Canary Islands during a winter vacation for treatment for a skin infection.

Two years ago, the king fell ill during a private vacation with the queen in Malaysia and received a temporary pacemaker there. Harald returned aboard a medical airplane to Norway, where he was fitted with a permanent pacemaker.