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.
The European Union will continue allowing large-scale plastic waste exports to Türkiye despite concerns over recycling rates, environmen...
U.S. President Donald Trump said on Wednesday he hoped the war against Iran was nearing its end and that Tehran wanted to reach a deal, but Iran di...
Pakistan and India have lodged protests against each other after their respective naval vessels collided in the North Arabian Sea....
U.S. President Donald Trump has again said Iran is keen to reach a deal quickly, but a senior Iranian security official rejected the claim, saying Tehran will not negotiate until its conditions are met.
A Danish military helicopter came within “metres” of being struck by flares fired by a Russian warship, Denmark's Defence Minister Jeppe Bruus said on Tuesday. Russia accused Denmark of carrying out “dangerous manoeuvres” near its ship, and said it was investigating the incident.
Saudi Arabia said its air defences destroyed a Houthi drone south of Mecca before it could enter prohibited airspace over the holy city, as attacks by the Iran-aligned group deepen regional tensions.
Ukrainian President Volodymyr Zelenskyy said that Ukraine was carrying out tests on a new weapon to intercept drones and had recorded a successful hit overnight.
European Commission President Ursula von der Leyen is outlining the EU's priorities in her annual State of the Union address, covering security, support for Ukraine, trade with China, migration, climate and artificial intelligence.
An Afghan national linked to an Islamic State affiliate in Afghanistan has been sentenced to 20 years in prison in connection with the 2021 Kabul airport suicide bombing that happened during a chaotic scene as the Taliban retook the country.
Russian air strikes injured 13 and damaged buildings in the Ukrainian capital of Kyiv and in the Black Sea port city of Odesa in the early hours of Thursday, officials said on the Telegram messaging app.
The European Parliament on Wednesday adopted an amendment condemning the mass migrant flows into Spain's North African enclave of Ceuta in late July, and demanded a thorough, independent investigation to clarify who is responsible for the incident.
Rivers around the world experienced one of their driest years in decades in 2025, according to the World Meteorological Organization, which warned that declining water reserves could threaten future supplies.
European Commission President Ursula von der Leyen said on Wednesday she wanted to open the door to Canada becoming the European Union's first “associate member” in a push to forge new links among allies in “an openly hostile world”.
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