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Judged by the amount of air time devoted to it by the media, it would be easy to conclude that the biggest challenge facing Europe at the moment is the war in Ukraine.

Greenland is about 80 percent ice-capped and, until the 1940s, was a protected, isolated society. Today, the growing geopolitical and geoeconomic focus on the Arctic Circle has made the world’s largest island a major prize for powers as far away as Asia-Pacific, especially China.

Since the Ukraine war began, the EU has reprioritized energy security as it moves away from Russian fuels in its energy mix. However, on Thursday, the bloc made a significant pivot toward climate action, taking a key new step toward meeting its net-zero ambitions.

The annual spring budget statement in the UK is always a major national political and economic event. However, Wednesday’s fiscal announcements assumed even higher importance than usual, coming ahead of what may be an imminent general election.