The euro rose to its strongest level in nearly four months on Wednesday after Germany's conservatives and the Social Democrats agreed on a historic debt overhaul, while trading in currencies elsewhere was volatile amid a flurry of headlines.

The Financial Times highlights key international developments: Germany strikes a substantial defense deal amid plans to revamp spending, Apple's legal battle with the UK over cybersecurity demands, Deutsche Bank's hefty fines for regulatory lapses,

European Union leaders will discuss on Thursday how to finance a sharp increase in defence readiness to deter any possible future attack from Russia and become less dependent for security on the United States.

The European Commission has proposed borrowing up to 150 billion euros to bolster EU defence as a response to Russia's actions and uncertainty over U.S. protection. This move represents a significant shift in Europe's policy,

The Canadian dollar and the Mexican peso hunkered near their lowest in a month on Tuesday as trade war fears sapped sentiment after U.S. President Donald Trump said 25% tariffs on goods from the two neighbouring countries will take effect on Tuesday.

LONDON/BERLIN - The conservatives and the Social Democrats agreed to seek a loosening of Germany's debt brake to allow higher defence spending, as well as proposing to create a 500 billion euro ($529 billion) infrastructure fund,

The UK and France, friends and enemies over centuries, appear to have cast aside their post-Brexit squabbles and are emerging as a surprisingly united front, standing up for Ukraine and for Europe.

The euro rebounded from a 2-1/2-week low against the U.S. dollar on Monday and sterling also advanced with Europe taking the lead in a renewed push for peace in