The World in Brief from The Economist

Emmanuel Macron, France’s president, said he would convene a G7 summit to discuss releasing strategic oil stockpiles

Warren Buffett stepped down as chairman of Berkshire Hathaway, his sprawling conglomerate; Emmanuel Macron, France’s president, said he would convene a G7 summit to discuss releasing strategic oil stockpiles.

The Trump administration approved the sale of dozens of F-35 warplanes to Saudi Arabia, valuing the proposed deal at $24.3 billion. Also, a UN fact-finding mission said there were “reasonable grounds” to believe that America had committed war crimes in Iran.

The Trump administration approved the sale of dozens of F-35 warplanes to Saudi Arabia, valuing the proposed deal at $24.3bn.

The Trump administration approved the sale of dozens of F-35 warplanes to Saudi Arabia, valuing the proposed deal at $24.3bn; The European Union will disburse €3.3bn ($3.8bn) to Ukraine on Friday to procure missiles and drones, said Ursula von der Leyen, the European Commission’s president.

The Federal Reserve raised its benchmark interest rate by 0.25 percentage points, to 3.75-4%, the central bank’s first increase since July 2023. Also, Russia pounded Kyiv and other cities overnight, after America’s House of Representatives passed legislation that will allow Mr Trump to impose more stringent sanctions and tariffs to punish Russia.

The Federal Reserve raised its benchmark interest rate by 0.25 percentage points, to 3.75-4%—the American central bank’s first increase since July 2023.

The Federal Reserve raised its benchmark interest rate by 0.25 percentage points, to 3.75-4%—the American central bank’s first increase since July 2023; Ursula von der Leyen, the European Commission’s president, invited Canada to become the first “associate member” of the European Union.