The Latest Breaking News from Greenland

The United States and Denmark will renegotiate their 1951 defence pact covering Greenland, reopening a Cold War-era agreement after US President Donald Trump backed away from threats to seize the territory and punish European allies with tariffs.

California governor calls President Trump an ‘invasive species’ and accuses him of ‘cosplaying on the world stage’ in scathing comments at Swiss economic summit

Europe is taking stock after several days of US sabre-rattling which risked the end of transatlantic relations, and potentially the end of NATO. While the threat of a takeover of Greenland seems to be over, trust among the US's allies has been badly eroded – perhaps permanently.

The Prime Minister said the US president’s shift in position was ‘good’ news as he spoke with residents on a visit to Hertfordshire on Thursday.

Comes after the US president removed the threat of additional tariffs on nations who did not support his push to seize control of Greenland

The late night talk show host said Trump’s speech to world leaders in Switzerland was “Dementiacon 5”

Global markets rebounded after the US president shifted his stance on the Arctic island, claiming that a deal is in the works.

US stock markets rose overnight, while the UK’s FTSE 100, Germany’s Dax and France’s Cac 40 enjoyed gains on Thursday morning.

Trump claimed the Greenland deal gives the U.S. "everything we needed."