Latest headlines from around the world.

Farage throws a wildcard into Scotland’s elections
Miles from victory, Reform UK are still playing an outsize role in the race to run Scotland.

Hedge funds think they can make a killing on Trump tariff refunds
Financiers in London, New York and beyond eye big paydays as cash-strapped firms sell refunds at a discount.

Why Europe should strive to increase its clinical trials
Clinical trials are essential in bringing new, improved treatment options to patients. They support our hospitals, bringing new infrastructure and skills, and anchor research in Europe.

Inside the Starmer foreign policy team trying to survive in Trump’s world
POLITICO spoke to 23 current and former U.K. government aides and politicians to map the network advising the British PM at a moment of crisis.

Péter Magyar maps out grand bargain to reset Hungary’s ties with Brussels
Hungary's new leader is racing against the clock to regain access to billions of euros in EU funds, but must at the same time satisfy many demands from Brussels.