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Trump’s European threats could make it harder for future US leaders to repair ties

WASHINGTON, January 22, 2026 (AP) — Barely a month into his presidency, Joe Biden had a message for Europe. “America is back,” Biden told the Munich Security Conference in 2021. “The transatlantic alliance is back.” It was a promise Biden delivered often as he sought to cast the disruptions of his predecessor, Donald Trump, as an anomaly. But nearly five years later, Biden’s assurances have proven short-lived. In his second term, Trump has cast aside alliances forged over seven decades with Europe that helped lead to the reunification of Germany and the collapse of the Soviet Union. He has hectored

Markets jump 1 pc on easing global trade tensions; PSU Banks, Auto stocks shine

Mumbai, Jan 22 (PTI) Stock market benchmark indices Sensex and Nifty jumped 1 per cent in early trade on Thursday, led by advances in PSU banks, Services and Auto stocks as global sentiment improved after easing geopolitical trade tensions, lifting the investor sentiment. On Thursday, the 30-share BSE Sensex climbed 774.04 points, or 0.94 per cent, to 82,683.67 in early trade. The 50-share NSE Nifty rose 233.85 points, or 0.93 per cent, to 25,391.35. From the 30-Sensex firms, Tata Steel, Adani Ports, Asian Paints, Bharat Electronics Ltd, State Bank of India, Sun Pharmaceuticals, Kotak Mahindra Bank, Eternal, Trent, Mahindra &

Rupee recovers 15 paise from all-time low to 91.50 against US dollar in early trade

Mumbai, Jan 22 (PTI) The rupee rebounded from its all-time low levels and gained 15 paise to trade at 91.50 against the US dollar in early deals on Thursday, on improved risk appetite after Donald Trump said that he had no intention of applying tariffs on Europe for Greenland acquisition. Forex traders said investors’ sentiments improved after President Trump announced in Davos on Wednesday that he was scrapping his planned tariffs on eight European nations in an effort to force US control over Greenland. Moreover, a positive trend in domestic equities also helped in the rebound of the domestic unit.

Trump backs down on Greenland and cancels tariff threat after NATO agrees to future Arctic deal

DAVOS, Switzerland, January 22, 2026 (AP) — President Donald Trump on Wednesday scrapped the tariffs that he threatened to impose on eight European nations to press for U.S. control over Greenland, pulling a dramatic reversal shortly after insisting he wanted to get the island “including right, title and ownership.” In a post on his social media site, Trump said he had agreed with the head of NATO on a “framework of a future deal” on Arctic security, potentially defusing tension that had far-reaching geopolitical implications. He said “additional discussions” on Greenland were being held concerning the Golden Dome missile defense

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