Hello, you're listening to the free edition of the world in brief from The Economist.

As a reminder, if you subscribe to The Economist, you'll get access to a deeper look at the day ahead, updated three times a day.

If you're already an Economist subscriber,

visit Economist.com slash espresso or visit our espresso app to start listening. Here's today's

free edition.

This is the World in brief from The Economist.

Our top stories.

Ukraine said it had reached a preliminary agreement with America on a minerals deal.

Volodymy Zelensky, Ukraine's president, is likely to meet Donald Trump on Friday to

finalize it. He said that the success of the deal would rest on the conversation with his American

counterpart. The agreement does not appear to include the security guarantees that Ukraine had wanted.

Both countries will establish a joint fund to collect and reinvest revenues from Ukrainian

natural resources.

Meanwhile, Mr. Trump said that he planned to impose a 25% tariff on imports from the European

Union.

During the first cabinet meeting of his second term,

which Elon Musk attended, the president accused the bloc of being formed in order to, quote,

screwed the United States. Mr. Trump said the levies would apply to cars and all other things.

NVIDIA, a chipmaker, reported that quarterly net income rose by 80% year-on-year to $22 billion.

The strong earnings beat analysts' expectations, as did its $43 billion sales forecast for its current quarter. Nvidia saw its share price tumble in January after Deepseek, a Chinese firm,

released its latest AI models which were developed with fewer chips.

The stock has since mostly recovered.

...