Donald Trump threatens a 25 per cent tariff on any nation that conducts business with Iran, while also applying pressure on the Federal Reserve to lower interest rates. We look at the global and domestic ramifications.

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Political prisoners are released in Venezuela as the US president, Donald Trump, meets with oil executives. Then: Business news and we look at Brazilian cinema at the Golden Globes.

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We assess how the seizure of Venezuelan tankers will be viewed in Moscow and whether it has any bearing on broader US-Russia relations. Plus: a day of mourning in Switzerland to honour the 40 victims of the Crans-Montana fire on New Year’s Eve.

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Tractors have gathered in front of the Arc de Triomphe in a show of dissent against a European trade deal with the South American bloc Mercosur. Plus: what an invasion of Taiwan would actually look like and three exhibitions to have on your radar in 2026.

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As Donald Trump unveils his plan for Venezuela to turn over millions of oil barrels to the US, we assess how viable this ambition might be.

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Did Donald Trump declare victory too soon? We analyse the next steps in Venezuela with Nick Redman of Oxford Analytica. Plus: Ukraine’s cabinet shake-up and a look-ahead to Maison&Objet in Paris.

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We assess what Venezuela says about Donald Trump’s foreign-policy approach and what it means for Europe as leaders prepare for a ‘Coalition of the Willing’ summit in Paris. Plus: Switzerland identifies the victims of a fire in Crans-Montana. And: how China can manage its economy in 2026.

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Chris Cermak delivers a fast-paced news round-up, anchored from Midori House in London.

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