World News

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.

A statue of Captain James Cook in Sydney has been defaced with red paint and damaged, just days before the Australia Day weekend. Police have launched an investigation into the incident, marking the second time the monument has been targeted in the past year.

Fianna Fáil leader Micheál Martin has been elected taoiseach (prime minister) of Ireland for the second time, following intense debates in the Dáil (Ireland’s lower house of Parliament). The Dáil faced multiple suspensions on Wednesday due to heated exchanges between the government and opposition parties.  

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.  

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