A newly released financial ethics filing has revealed that US President Donald Trump reported more than 3,600 stock market transactions during the first three months of 2026, with the total value estimated at between $220 million and $750 million.

The disclosure, submitted to the United States Office of Government Ethics, offers an unusually detailed look at the scale of trading activity connected to the president’s investment portfolio between January and March this year.

The filing was made through two OGE Form 278-T reports, which require senior US officials to disclose financial transactions. Federal ethics rules require broad value ranges rather than exact figures, meaning the precise size of the trades remains unclear.

While US presidents are permitted to own and trade stocks, they are required to publicly report transactions. No allegations or charges of insider trading have been made, and the filings do not indicate whether Trump personally directed the trades.

The president’s business holdings are managed by his sons, Donald Trump Jr. and Eric Trump, although several transactions in the filings also referenced broker involvement.

The disclosures showed major investments in some of the largest technology and artificial intelligence-linked companies on Wall Street. Transactions involving firms such as NVIDIA, Microsoft, Amazon, Apple and Broadcom were valued between $1 million and $5 million each.

Additional trades included companies such as Advanced Micro Devices, Intel, Alphabet and Goldman Sachs.

The filings also showed hundreds of stock sales ranging from $15,000 to as much as $25 million in disclosed value.

According to analysts reviewing the reports, many of the holdings appear to have gained sharply in value following a market rebound after the sell-off linked to the outbreak of the Iran conflict earlier this year. The S&P 500 fell more than 8 per cent in March before recovering strongly in subsequent months.

The disclosures have renewed debate in Washington over whether elected officials should be allowed to trade individual stocks while in office.

Several bipartisan proposals currently before Congress seek to ban or restrict stock trading by lawmakers and senior government officials. One of the most closely watched measures is the Restore Trust in Congress Act, introduced by Republican Representative Chip Roy and Democratic Representative Seth Magaziner.

Some proposals would also extend restrictions to the president and vice president, though lawmakers remain divided over how far such rules should go and whether family members should be included.

Despite broad public support for tighter ethics rules, no nationwide ban on stock trading by senior elected officials has yet been passed into law.

Annual wages across Europe continue to show a sharp divide between higher-paying northern and western economies and lower-income countries in the south and east, according to new figures from the Organisation for Economic Co-operation and Development.

The OECD’s Taxing Wages 2026 report found that average annual gross salaries in Europe ranged from €18,590 in Turkey to €107,487 in Switzerland, making Switzerland the only European country where average wages exceed the €100,000 mark.

Iceland ranked second with annual wages of €85,950, while Luxembourg recorded the highest pay levels within the European Union at €77,844. Denmark and Netherlands completed the top five, with average wages of €71,961 and €69,028 respectively.

Among Europe’s largest economies, Germany led the way with average wages of €66,700, closely followed by the United Kingdom at €65,340. The figures for France, Italy and Spain were considerably lower, standing at €45,964, €36,594 and €32,678 respectively.

The report highlighted the continued gap between western and eastern European economies. Slovakia recorded the lowest wages within the EU at €19,590, while countries including Hungary, Latvia, Poland and Portugal all remained below the €25,000 threshold.

Nine EU countries reported average annual wages under €30,000, underlining the scale of income disparities across the bloc.

Economists say wage differences are shaped by productivity levels, industrial structure, labour market systems and living costs. Countries with strong finance and technology sectors, along with extensive collective bargaining systems, generally report higher salaries.

When wages are adjusted for purchasing power parity, which measures what salaries can actually buy in each country, the gap between European nations narrows noticeably.

In PPP-adjusted terms, Switzerland remained at the top with wages equivalent to 106,532 international dollars. Germany climbed significantly in the rankings, moving from seventh place in nominal terms to second place after purchasing power adjustments were applied. Luxembourg and the Netherlands also ranked highly.

Turkey saw the biggest improvement after the adjustment, jumping nine places from the bottom of the nominal wage rankings to 18th place. Analysts said lower living costs boosted the purchasing power of Turkish salaries despite relatively low nominal incomes.

By contrast, Iceland experienced one of the largest declines in PPP rankings due to its high cost of living, dropping from second to ninth place.

The OECD figures are based on full-time employees in sectors including manufacturing, retail, finance, construction and transport. Agriculture, education, healthcare and public administration were excluded from the calculations.

The report also noted that differences in income tax systems across Europe mean take-home pay can vary significantly even among countries with similar gross salary levels.

Football star Cristiano Ronaldo has expanded his growing business empire by taking a stake in the company behind Portuguese streaming platform LiveModeTV, adding sports media to a portfolio that already spans technology, hospitality, healthcare and entertainment.

The announcement was made on Thursday by the platform, which is operated by Brazilian media company LiveMode. LiveModeTV launched in Portugal in December 2025 as the company’s first international venture and focuses on streaming sports competitions online free of charge.

According to Portuguese sports outlet A Bola, the platform is set to broadcast 34 matches from the 2026 FIFA World Cup live and free for viewers in Portugal, including all matches involving the Portuguese national team.

In a statement shared with Bloomberg, Ronaldo said the partnership aimed to make major sporting events more accessible to fans through digital platforms and social media.

“Sport can change lives,” Ronaldo said, adding that the project seeks to expand the reach of top competitions through YouTube broadcasts and online content distributed across social media platforms.

LiveModeTV also highlighted plans to focus heavily on fan engagement ahead of the World Cup, which is now less than a month away.

“Together, we’re going to bring live football to YouTube in an innovative way, putting the fans at the centre of everything,” the platform said in a statement posted on Facebook.

The investment marks another step in Ronaldo’s steady expansion into business ventures away from the football pitch. The Portugal captain has built a broad portfolio in recent years under his CR7 brand while also investing in companies across multiple industries.

In media, Ronaldo holds stakes in Portuguese media group Medialivre and film studio UR-Marv, a partnership with British filmmaker Matthew Vaughn.

His football-related investments include a stake in Spanish club UD Almería. Ronaldo has also invested in artificial intelligence company Perplexity AI, hotel operator Grupo Pestana, and Insparya, which operates hair restoration clinics.

Additional holdings include investments in nutrition and software businesses as well as Portuguese porcelain manufacturer Vista Alegre.

The move into sports streaming comes as competition intensifies among broadcasters and digital platforms seeking younger audiences through online and mobile viewing. Ronaldo, one of the most followed athletes in the world on social media, is expected to play a major role in promoting LiveModeTV’s coverage during the World Cup.