British and Norwegian prime ministers today inked the new "Lunna House Agreement", a defence agreement that paves the way for increased cooperation between the UK Royal Navy and the Royal Norwegian Navy.

Norway, one of Europe’s most reliable power exporters, is poised to become a net buyer in the coming years — a shift that may drastically cut vital flows to the UK and the continent.

Europe sees major shifts as Prada buys Versace, the UK secures crypto rights, Moscow resists a Ukraine plan, and Norway averts crisis.