BLOOMBERG The Biden administration is preparing a $500 million weapons package for Taiwan, using a fast-track authority that it has relied on to speed arms to Ukraine. The package will involve sending existing stockpiles of US weapons or support equipment to Taiwan under what’s known as a Presidential Drawdown Authority. The equipment to be in the package wasn’t immediately known. …

BLOOMBERG The North Atlantic Treaty Organization (Nato) allies need to spell out the concrete steps for Ukraine to become a member of the military alliance and move beyond repeating the standing position that it’s welcome to join the bloc, according to Estonia’s top diplomat. “It’s not enough anymore just to repeat the already existing position that Ukraine is welcomed to …

BLOOMBERG Germany is facing a shortfall of about €12 billion ($13.2 billion) in its special climate-protection fund, suggesting the government in Berlin has significantly underestimated the cost of greening Europe’s biggest economy. Commitments to climate—protection projects exceed earmarked resources through 2026, according to people familiar with the budget details, who asked not to be identified discussing confidential information. The estimated …