Highlights:

• EU Sets March Date for Customs Race in Prelude to ECB Tussle — European Union nations will decide in March where to host a new customs agency, potentially signaling early positioning ahead of the next European Central Bank chief selection. Bloomberg Economics

• Sheinbaum Unveils Electoral Reform Despite Pushback From Allies — Mexican President Claudia Sheinbaum proposed overhauling the country's electoral system despite opposition from within her governing coalition. Bloomberg Politics

• Orban's Hardening Anti-Ukraine Stance Means Trouble for the EU — Hungarian PM Viktor Orbán is escalating an anti-Ukraine campaign weeks before elections, blocking EU aid packages for Kyiv. Bloomberg Politics

• India's Modi Greeted by Netanyahu to Start Israel Visit — Indian PM Narendra Modi began a rare visit to Israel with PM Benjamin Netanyahu, with security and trade discussions on the agenda. Bloomberg Politics

• Trump to Hike US Tariff to 15% 'Where Appropriate,' Greer Says — President Trump will sign a directive raising global tariffs to 15% selectively while seeking continuity with nations that have struck trade deals. Bloomberg Politics

• Airbus Set to Win Order for 120 Planes from China, Merz Says — Airbus is poised to secure an order for up to 120 commercial aircraft from China, according to German Chancellor Friedrich Merz. Bloomberg Politics

• Australian Land Locked by Heritage Law Amplifies Housing Crisis — Australia's heritage protection laws are exacerbating housing affordability by preserving hundreds of thousands of low-value buildings without economic cost analysis. Bloomberg Economics

• The Clean Energy Takeover Is Already Happening, Gore Says — Former US Vice President Al Gore argues the energy transition is accelerating, with solar and wind now the cheapest electricity sources and accounting for 93% of new global power generation last year. Bloomberg Politics

• Banxico Has Room for More Interest Rate Cuts, Deputy Governor Says — Mexico's central bank deputy governor indicated further rate cuts are possible given weak domestic economic conditions and a stronger currency. Bloomberg Economics

• Spanish Tourism Mecca Benidorm Scrambles to Avoid Insolvency — The Spanish beach resort faces potential insolvency after being ordered to pay €350 million in compensation over a failed real estate transaction. Bloomberg Economics