World News

Mainstream EU leaders have breathed a sigh of relief. After a Hungarian presidency marked by what they saw as damaging freelance diplomacy, the torch has now passed to Poland, which holds the reins for six months at a particularly turbulent time. There are huge questions in the EU about how to handle Donald Trump, about western support for Ukraine, about international trade, Europe’s competitiveness, and much else besides.

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.

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