The NATO Summit in Washington commanded global attention this week as leaders convened to address pressing issues. At the event, Turkish President Recep Tayyip Erdogan criticized the alliance's response to the Gaza conflict, United States President Joe Biden awarded NATO Secretary-General Jens Stoltenberg the Presidential Medal of Freedom and the leaders agreed to provide €40 billion in military support to Ukraine.
In international developments, Belarus withdrew its troops from the southern border this week after tensions with Ukraine eased. In Gaza, an Israeli airstrike killed 90 Palestinians, the Philippines and Japan signed a defense pact, while Ukraine and Poland forged a new security deal.
Amid reports of internal Democratic concerns over Biden's re-election prospects, the head of state mistakenly referred to Ukrainian President Volodymyr Zelensky as "President Putin" and called US Vice President Kamala Harris "Vice President Trump," underscoring potential challenges for Biden in maintaining public confidence.
In business and technology, the week brought significant developments as Dyson announced plans to cut 1,000 jobs in the UK and UiPath prepared for a 10% reduction in staff amid restructuring efforts.
Furthermore, global markets saw the Pound rallying to a 23-month high, while inflation figures varied, with Spain confirming a 3.4% annual rate, while the US, German and China's inflation rates slightly decreased in June.
