UK markets are reeling from a global bond selloff, with 10-year government bond yields hitting their highest since 2008 and the pound falling to a 14-month low, heightening concerns over public finances and potential spending cuts.
British markets are under strain as a global bond selloff drives yields on 10-year UK government bonds to 4.925%, their highest level since 2008. The pound has fallen to a 14-month low against the dollar and weakened against the euro, raising fears of spending cuts due to rising borrowing costs.
The FTSE 250 index, which includes consumer and financial firms, has dropped over 3% this week, adding to market turbulence. Analysts warn sterling could become a target for short selling as volatility continues.
Chancellor Rachel Reeves faces mounting pressure to address the fiscal challenges, with the Treasury pledging to maintain tight control over public finances while markets remain unsettled.
U.S. forces have seized another oil tanker linked to Venezuela in the Caribbean, marking the seventh such detention in recent weeks as Washington inte...
President of Azerbaijan, Ilham Aliyev outlined Azerbaijan’s economic priorities, investment strategy and regional connectivity role while speaking a...
U.S. President Donald Trump joined a White House briefing on Tuesday, using the appearance to defend his approach to NATO and claim credit for increas...
Türkiye is closely monitoring developments in Syria and considers the country’s unity and territorial integrity vital for regional stability, Presi...
Poland will begin phasing out the special residence and welfare rules granted to Ukrainians who fled the war with Russia, shifting them onto the count...
Italian fashion designer Valentino Garavani has died at the age of 93, his foundation said on Monday.
More than 100 vehicles were involved in a massive pileup on Interstate 96 in western Michigan on Monday (19 January), forcing the highway to shut in both directions amid severe winter weather.
The European Parliament has frozen the ratification of a trade agreement with the United States after fresh tariff threats from Donald Trump, escalating tensions between Washington and Brussels.
A fresh consignment of precision-guided munitions has departed from the Indian city of Nagpur bound for Yerevan, marking the latest phase in the rapidly expanding defence partnership between India and Armenia.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 19 January, covering the latest developments you need to know.
U.S. forces have seized another oil tanker linked to Venezuela in the Caribbean, marking the seventh such detention in recent weeks as Washington intensifies enforcement of sanctions on illicit oil shipments.
Türkiye is closely monitoring developments in Syria and considers the country’s unity and territorial integrity vital for regional stability, President Recep Tayyip Erdoğan told Donald Trump during a phone call on Tuesday, according to Türkiye’s Communications Directorate.
Poland will begin phasing out the special residence and welfare rules granted to Ukrainians who fled the war with Russia, shifting them onto the country’s standard legal framework for foreign nationals from March, the government said on Tuesday.
U.S. President Donald Trump joined a White House briefing on Tuesday, using the appearance to defend his approach to NATO and claim credit for increased defence spending by alliance members, as disputes with European partners over security and Greenland continue.
The European Union has proposed new restrictions on exports of drone and missile-related technology to Iran, while preparing additional sanctions in response to what it described as Tehran’s ‘brutal suppression’ of protesters.
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