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Good afternoon and welcome to your afternoon news update from AP. Today, President Donald Trump cancels his tariff threat over Greenland; the Supreme Court seems inclined to keep Federal Reserve governor Lisa Cook in her job; and Spain reels from two fatal train crashes in two days.

UP FIRST

President Donald Trump walks on to the stage during the 56th annual meeting of the World Economic Forum in Davos, Switzerland, on Wednesday. (Gian Ehrenzeller/Keystone via AP)

Trump cancels tariff threat over Greenland, says NATO agreed to ‘framework’ of future Arctic deal

President Donald Trump announced Wednesday that he was canceling his planned tariff on U.S. allies in Europe over U.S. control of Greenland after he and the leader of NATO agreed to a “framework of a future deal” on Arctic security. The abrupt about-face emerged hours after Trump had insisted that he wants to “get Greenland, including right, title and ownership,” but said he would not use force to do so while deriding European allies and vowing that NATO should not try to block U.S. expansionism. Read more.

TOP STORIES

Supreme Court seems inclined to keep Lisa Cook on Fed board despite Trump attempt to fire her

The Supreme Court on Wednesday seemed inclined to keep Federal Reserve governor Lisa Cook in her job, casting doubt on President Donald Trump’s bid to seize control of the nation’s central bank. The justices heard arguments over Trump’s effort to fire Cook based on allegations she committed mortgage fraud, which she denies. Read more.

What to know about the fatal train crashes in Spain

Two fatal train crashes in two days have rocked Spain, which is in national mourning, and the tragedies have led to questions about safety on the country’s railway system. Read more.

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TRENDING

The Abdication document of Britain's King Edward VIII on display during a preview of the exhibition entitled “Love Letters” at the National Archives in London on Wednesday. (AP Photo/Alastair Grant)

Historic love letters from royals, rogues and romantics go on show at