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. President Donald Trump is meeting New York Mayor-elect Zohran Mamdani at the White House to discuss housing, food security, and other affordabili...
Shumeet Banerji, a member of the BBC’s board, has resigned, citing “governance issues” at the broadcaster....
Russian President Vladimir Putin confirmed on Friday (November 21) that Moscow had received the U.S. proposals for peace in Ukraine, but emphasized th...
The European Union’s message to Georgia is becoming unmistakably sharp. Within just days, EU foreign ministers voiced unprecedented concern over Geo...
Nathan Gill, the former leader of Reform UK in Wales, has been sentenced to ten and a half years in prison for accepting payments in exchange for prom...
The pilot of an Indian fighter jet performing in the Dubai Air Show has died after the aircraft crashed during an aerial display on Friday.
Indonesian authorities evacuated more than 900 people from nearby villages and were helping 170 stranded climbers return safely after the eruption of Semeru volcano, one of the country's tallest mountains.
Germany has returned 12 royal-era cultural artefacts to Ethiopia in a ceremony in Addis Ababa, marking a formal step in ongoing cultural cooperation between the two countries.
Russian President Vladimir Putin visited the command post of the Russian forces “West” grouping on Thursday (20 November), meeting with Chief of Russia’s General Staff Valery Gerasimov and senior military officials, the Kremlin said.
An off-the-cuff remark by new Prime Minister Sanae Takaichi that triggered Japan's biggest bust-up in years with powerful neighbour China was not meant to signal a new hardline stance.
Former world champion Gennady Golovkin is set to be appointed president of World Boxing after being named the sole candidate to replace outgoing president Boris van der Vorst, the organisation announced on Friday, 21 November.
President Donald Trump said on Friday that he will soon speak with his Venezuelan counterpart, Nicolas Maduro, amid speculation that the U.S. could launch an attack on the Latin American nation.
U.S. President Donald Trump is meeting New York Mayor-elect Zohran Mamdani at the White House to discuss housing, food security, and other affordability issues facing the city.
Shumeet Banerji, a member of the BBC’s board, has resigned, citing “governance issues” at the broadcaster.
Russian President Vladimir Putin confirmed on Friday (November 21) that Moscow had received the U.S. proposals for peace in Ukraine, but emphasized that the plan had not been discussed in detail with Russia.
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