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Donald Trump has called on oil producers’ group Opec to bring down global prices in order to put pressure on Russia to end the war in Ukraine, the Financial Times reports.

The Bank of Japan (BOJ) has raised its short-term policy rate to “around 0.5%,” marking its highest level in 17 years. This decision follows December’s inflation surge, with core consumer prices rising 3% year-on-year, the fastest pace in 16 months.

President Donald Trump has called on Saudi Arabia and other OPEC nations to reduce oil prices, warning that high costs are prolonging the Russia-Ukraine conflict. Speaking at the World Economic Forum in Davos, Trump expressed surprise that OPEC hadn’t acted to lower prices before the elections, emphasising the impact on global stability.  

The chancellor is to amend some of the changes to tax rules for non-domiciled individuals…