⚠️ Germany Makes Defense Funding Cuts on Eve of NATO Summit

The German army was promised a $108bn rearmament fund after decades of underinvestment, with much of it to be covered by its military budget.

Defense minister Boris Pistorius, of Olaf Scholz’s centre-Left SPD, wanted about $6.4bn a year on top of his $56bn budget – but after weeks of talks, he has been given just $1.3bn.

Pistorius is reportedly frustrated by the real terms cut to the rearmament project, dubbed the Zeitenwende, or dawn of a new era, by the Chancellor, believing it sends the wrong message and hampers the transformation of the German military.

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⚡️ IDF Will Begin Drafting Ultra-Orthodox Jews from August – Yoav Gallant

The Israeli defense minister held an assessment on the matter with IDF Chief of Staff Lt. Gen. Herzi Halevi and other officials Tuesday morning, his office said.

Following the meeting, Gallant "approved the IDF's recommendation to issue [draft] orders" to members of the Haredi community from next month.

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🇷🇺🇮🇳 Putin presented Modi with the Order of St. Andrew the Apostle.

🔴 @DDGeopolitics

🤡 FT Writes Hit Piece on “Crime Wave” Overtaking China after Two Stabbing Attacks Shows Signs of “Growing Tensions”

No doubt the British publication will soon be reporting on the 12,786 stabbing attacks in London alone last year.

@RiseGS

⚡️ JUST IN: Jerome Powell states that current data does not provide confidence needed in the inflation trajectory for Federal Reserve to cut rates

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⚠️ JUST IN: Nigel Farage Makes First Ever Speech in Britain's House of Commons as Reform UK Leader

“We are the new kids on the block.”

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➡️ Dyson to Cull Over a Quarter of its UK Workforce

The manufacturer of innovative vacuum cleaners and other products said the cuts, 1,000 of its 3,500 UK personnel, followed a global workforce review.

It is understood that the decision is not linked to the UK general election, as the process had begun beforehand.

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⚡️ Stock Market Crash Within Months, Top Economist Predicts

The US real-estate market is headed for a correction, chief market strategist Chris Vermeulen has said.

Signals in construction activity are mirroring the period leading up to the 2008 crash.

This is fine…

@RiseGS

🤔 Former UK PM Rishi Sunak’s Wife was Director of Digme Fitness – Which Went Bust Owing HMRC a Fortune

Her co-director was Rupert James Graham Lowe - who stood as a candidate for Reform UK in Great Yarmouth.

Join the dots… follow the money.

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👀 JUST IN: Macron Calls Out “Unacceptable” Israeli Govt Interference in French Elections in Call to Netanyahu - Axios

Days before the elections, Macron warned Netanyahu that Diaspora Minister Amichai Chikli's vocal support for Marine Le Pen's far-right National Rally party constituted an improper interference in France's internal affairs.

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💵 Saudi Arabia warns G7 nations with EU securities debt sale threat - if bloc confiscates $300bn Russian assets (Bloomberg)

Saudi Arabia does not have many European bonds, but EU officials fear that other countries will follow suit, Bloomberg said.

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👁 NEW: Israel Aerospace Industries signs $1bn spy satellite mega-deal with Morocco

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💸 Russia's foreign exchange trading is now 99.6% in Chinese yuan - after sanctions halted trading in US dollars and euros

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