Europe tools-up.

A five-part plan to bolster Europe’s defence industry and increase its military capability could raise nearly €800bn. This could help provide urgent military support for Ukraine after the US suspended aid to Kyiv, the head of the European Commission has said. Ursula von der Leyen said on Tuesday that the 27-member block would propose giving member states more fiscal space for defence investments, as well as €150bn in loans for those investments. The bloc would also aim to mobilise private capital.