Driven to the brink by Elon Musk's SpaceX, Europe's biggest satellite firms are setting aside longtime rivalries in a do-or-die $7 billion merger that some insiders are already calling Project FOMO. A riff on Project Bromo, the code name for talks that led to Thursday's deal between Airbus, Thales and Leonardo, their fear of missing out reflects a market dominated by SpaceX and its Starlink array as well as new mega-constellations in China. Learn More

Britain on Friday urged fellow allies of Ukraine to reach a deal to use frozen Russian assets to strengthen its hand for any future peace talks, as President Volodymyr Zelenskiy arrived in London for talks with those allies. British Prime Minister Keir Starmer's office said he would also press the "Coalition of the Willing" countries to take Russian oil and gas off the global market and give Kyiv more long-range missiles. Learn More

U.S. President Donald Trump will test his deal-making prowess in a region battered by his hardball trade policies on a trip to Asia next week, as doubts hang over his highly anticipated meeting with China's Xi Jinping. Trump, who leaves Washington on Friday night, is set for a five-day trip spanning Malaysia, Japan and South Korea, his first to the region and his longest journey abroad since taking office in January. Learn More