Live news: Panama rejects Trump call for US to take back canal

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While the holiday spirit will dominate the news agenda, there are notable developments to watch across the world, as the three defining themes of 2024 — elections, war and inflation — continue to hum in the background.

On Tuesday, Moldova’s pro-EU president-elect Maia Sandu will attend her inauguration. Her narrow election victory in October, despite alleged Russian meddling in the process, will set the former Soviet country on a path to EU membership.

Georgia, on the other hand, will on Sunday swear in Mikheil Kavelashvili to the presidency, a pro-Russian firebrand and Croatia will hold a first-round presidential vote on Sunday.

On Monday, Mozambique’s top court is set to give a verdict on the country’s disputed election in October, while Albanian opposition parties block roads demanding Prime Minister Edi Rama’s resignation

Bank of Japan governor Kazuo Ueda will deliver a speech on Christmas Day. Economists will pore over his words for clues on how president-elect Donald Trump’s tariffs will affect the pace and trajectory of monetary policy.

UK third-quarter GDP figures will be out on Monday, after months of disappointing economic releases for chancellor Rachel Reeves.

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