When electrical engineer Preetam Gaikwad first moved to Jena in 2013, she was smitten by what the eastern German city had to offer: a prestigious university, top research institutions, and cutting-edge technology companies, global leaders in their field.

Eleven years later, the Indian native takes a more sober view.

The leaders of Germany and the United Kingdom announced plans on Wednesday to draw up a treaty meant to deepen the two nations' trade, defense and other ties.

The move comes as new U.K. Prime Minister Keir Starmer moves ahead with plans for a "reset" of relations with the European Union.

European markets opened higher while Asian stocks ended mixed on Tuesday after the Dow Jones Industrial Average climbed to an all-time high and Big Tech companies pulled the S&P 500 and the Nasdaq composite lower.

Germany's DAX picked up 0.3% to 18,665.08 after data from the statistics office on Tuesday showed the country's second-quarter gross domestic product fell by 0.1% from the previous quarter.

U.S. Vice President Kamala Harris has a new advertising push to draw attention to her plan to build 3 million new homes over four years, a move designed to contain inflationary pressures that also draws a sharp contrast to Republican Donald Trump's approach.

Canada announced Monday it is launching a 100% tariff on imports of Chinese-made electric vehicles, matching U.S. tariffs imposed over what Western governments say are China's subsidies that give its industry an unfair advantage.

The announcement came after encouragement by U.S. national security advisor Jake Sullivan during a meeting with Canadian Prime Minister Justin Trudeau and Cabinet ministers Sunday. Sullivan is making his first visit to Beijing on Tuesday.

Pavel Durov, the founder and CEO of the messaging app Telegram, was arrested in Paris over the weekend over allegations that his platform is being used for illicit activity such as drug trafficking and the distribution of child sexual abuse images.

Durov, who was born in Russia, spent much of his childhood in Italy and is a citizen of France, Russia, the Caribbean island nation of St. Kitts and Nevis and the United Arab Emirates. He was taken into custody at Paris-Le Bourget Airport in France on Saturday after landing from Azerbaijan.

German business confidence fell further in August, a closely-watched survey showed Monday, as Europe's biggest economy struggles to emerge from a weak period.

The Dutch data protection watchdog slapped a 290 million euro ($324 million) fine Monday on ride-hailing service Uber for allegedly transferring personal details of European drivers to the United States without adequate protection. Uber called the decision flawed and unjustified and said it would appeal.

The Dutch Data Protection Authority said the data transfers spanning more than two years amounted to a serious breach of the European Union's General Data Protection Regulation, which requires technical and organizational measures aimed at protecting user data.

China on Sunday expressed its opposition to the latest U.S. sanctions on Chinese companies over their alleged ties to Russia's war in Ukraine, saying it will adopt necessary measures to safeguard the rights and interests of the country's businesses.

The U.S. on Friday announced sweeping sanctions on hundreds of firms in Russia and across Europe, Asia and the Middle East, accusing them of providing products and services that enable Russia's war effort and aiding its ability to evade sanctions. The U.S. Department of State said it was concerned by "the magnitude of dual-use goods exports" from China to Russia.

Global stocks were mixed Monday after U.S. markets rallied close to their records on the expectation the Federal Reserve will start cutting interest rates soon to help the economy.

France's CAC 40 rose 0.2% in early trading to 7,594.42, while Germany's DAX lost 0.2% to 18,597.20. Britain's FTSE 100 added 0.5% to 8,327.78. The futures for the S&P 500 and the Dow Jones Industrial Average were both up 0.1%.