Kęstutis Budrys, Lithuania’s foreign minister, told the Financial Times that Europe was facing a “new era” after the Baltic state, which is next to Russia, said it would spend between 5 per cent and 6 per cent of its GDP on defence from next year until at least 2030. That is about double the current level.

The idea of “two Americas,” one rich and one poor, one blue and the other red, has been around for decades. But now, thanks to Donald Trump, there are about to be fifty Americas.

André Corrêa do Lago, the experienced Brazilian diplomat and climate negotiator appointed this week, told the Financial Times that the exit of the US could also allow nations such as China, India and Brazil to take a bigger role in the world’s most important climate talks.

President Donald Trump’s call for a new oil boom will be thwarted by Wall Street’s reluctance to approve another drilling binge, shale bosses have warned.

Donald Trump insisted he was serious in his determination to take over Greenland in a fiery telephone call with Denmark’s prime minister, according to senior European officials.

This is Swamp Notes, the weekly podcast from the FT News Briefing, where we talk about all of the things happening in US politics. I’m Sonja Hutson. And this week we’re asking: how far will Donald Trump take his vendetta agenda? Here with me to discuss is James Politi. He’s the FT’s Washington bureau chief. Hi, James.

Trump is expected to make early moves to help the US oil and gas industry as part of his promise to usher in a new era of American “energy dominance”. Among his day one executive orders, he has vowed to direct the federal government to slash red tape and “end all Biden restrictions on energy production”.

Vanessa Wruble was a driving force behind the Women’s March in the US capital, inspired by the perceived threat Trump posed to reproductive and civil rights. For now, though, she is done marching. “What would it actually accomplish?

Donald Trump’s return to the White House has put more than $300bn of potential federal infrastructure funding at risk, US investors said, as they grappled with the scale of his move to unpick Joe Biden’s climate agenda.

If the US president takes a more flexible approach, tariffs may end up being used as a bargaining tool rather than end goal

This is an audio transcript of the Behind the Money podcast episode: ‘Not everyone will win in Trump’s M&A revival’ Michela Tindera Since Donald Trump won the US presidential election, there has been a lot of talk on Wall Street about the return of animal spirits. People are excited for a deals and M&A comeback.

Plus, Brookfield finalises a mammoth dividend recap and a British activist investor rattles corporate Singapore