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.
There's a fresh buzz around the Anaklia Deep-Water Port site this week, with the arrival of a second dredging vessel called the Al-Idrisi, whic...
The U.S. has launched a fresh wave of strikes on Iran, targeting Islamic Revolutionary Guard Corps (IRGC) sites as Tehran retaliated against U.S. p...
Turkish President Recep Tayyip Erdoğan said Wednesday that NAT...
Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan have concluded talks in Bishkek, the capital of Kyrgyzstan, as leaders gather for the Shanghai Cooperation Organisation (SCO) summit.
Leaders of the Shanghai Cooperation Organisation (SCO) have gathered in Bishkek for a summit focused on trade, investment and transport as the group marks 25 years since its creation.
U.S. forces struck two Iranian rocket launchers on Larak Island on Sunday, with Tehran responding by launching ballistic missiles at two U.S. bases in Jordan in the first direct U.S.-Iran military escalation in weeks.
The U.S. has launched a fresh wave of strikes on Iran, targeting Islamic Revolutionary Guard Corps (IRGC) sites as Tehran retaliated against U.S. positions across the region, while Iranian officials said at least five people were killed and dozens wounded at a wedding near Sirik.
Apple is entering a new era as Tim Cook steps down as chief executive after 15 years at the helm, handing the technology giant's leadership to longtime executive John Ternus.
The United Nations has warned that the Ebola outbreak in the Democratic Republic of Congo is rapidly worsening, calling for a large-scale international response as violence in the east of the country continues to complicate efforts to contain the virus.
Turkish President Recep Tayyip Erdoğan said Wednesday that NATO member Türkiye could seek full membership in the China- and Russia-led Shanghai Cooperation Organisation (SCO).
Overnight Russian strikes hit cities across Ukraine, the country's State Emergency Service has said. The capital Kyiv, the Black Sea port of Odesa and areas of southern and eastern Ukraine were targeted in attacks, the agency said.
Iran’s Revolutionary Guard Corps (IRGC) announced in a series of statements that it carried out retaliatory attacks on multiple U.S. bases in the region following lethal attacks on Iran late on Tuesday.
A group of 11 European Union countries has called for changes to the bloc’s foreign policy decision-making process, arguing that the excessive use of vetoes is hampering the EU’s ability to respond quickly to international crises.
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