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What We’re Watching: German boost for Ukraine, Musk jabs Trump bill, & More

May 28, 2025
Willis Sparks
​German Chancellor Friedrich Merz welcomes Ukrainian President Volodymyr Zelenskyy with military honors at the chancellery in Berlin, Germany, on May 28, 2025.
German Chancellor Friedrich Merz welcomes Ukrainian President Volodymyr Zelenskyy with military honors at the chancellery in Berlin, Germany, on May 28, 2025.
Christian Marquardt/NurPhoto

Merz promises long-range weapons for Ukraine

On Wednesday, German Chancellor Friedrich Merz promised Ukrainian President Volodymyr Zelensky that Berlin will help Kyiv produce long-range missiles that can strike deep inside Russia. It’s another sign that Europe has lost patience with Vladimir Putin’s reluctance to talk peace and a recognition that whatever happens on the battlefield this summer will shape the outcome of eventual talks.

Musk jabs Trump’s signature bill

The House-passed “Big Beautiful Bill” has one unhappy customer: Elon Musk, who said he’s “disappointed” by the tax-policy legislation. He argued that it “increases the budget deficit … and undermines the work that the [Department of Government Efficiency] team is doing.” It’s the heaviest criticism that Musk, who spent over $250 million to help US President Donald Trump win the 2024 presidential election, has directed toward the administration. We’re watching to see whether this is merely a blip in the Musk-Trump relationship, or whether the Tesla owner now splits with the Republican Party – and takes his dollars with him.

The world’s poorest owe China big money

“In 2025, the world’s poorest and most vulnerable countries will make record high debt repayments totaling $22 billion to China,” according to a report by the Lowy Institute, an Australian think tank. That’s mainly thanks to the Belt and Road Initiative. which has loaned more than 150 countries a total of more than $1 trillion since 2013 for infrastructure projects. The initiative risks becoming an albatross for both China and its debtors.

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Hard Numbers: Tragic car crash in Uganda, Europe’s largest economy turns east, Peru initiates state of emergency in capital city, & More

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Everything you need to know about China’s next 5-year plan

U.S. President Donald Trump attends a bilateral meeting with China's President Xi Jinping during the G20 leaders summit in Osaka, Japan, June 29, 2019.
REUTERS/Kevin Lamarque

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Walmart is supporting American jobs by selling American products

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