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.
A 6.1-magnitude earthquake struck off Indonesia’s North Maluku early Tuesday, with no tsunami warning issued, Xinhua reports.
Azerbaijan, Georgia, Romania, and Hungary will build a direct high-voltage submarine cable connecting the South Caucasus region with the European Union, with a purpose to strengthen national and regional energy security.
Start your day informed with AnewZ Morning Brief: here are the top news stories for February 5th, covering the latest developments you need to know.
The wave of anti-corruption protests in Serbia continues to grow. On February 4, teachers and farmers joined students in an anti-government demonstration in the central city of Kragujevac. Thousands of people marched through the streets, holding banners and blowing whistles in protest.
Saudi Arabia reaffirmed on Wednesday that it will not establish diplomatic ties with Israel unless a Palestinian state is created. The statement follows remarks by former U.S. President Donald Trump, who claimed that Riyadh was not making such a demand.
Kazakhstan's Ministry of Transport has released the preliminary report on the investigation on Azerbaijan Airlines's flight J2-8243's tragic crash. Read excerpts from the report and watch AnewZ's complete coverage.
An American Airlines regional jet and a U.S. Army Black Hawk helicopter crashed into the Potomac River after a midair collision near Reagan Washington National Airport on Wednesday night, officials said.
The U.S. has officially entered a new trade war. President Donald Trump has slapped 25% tariffs on imports from Canada and Mexico and 10% on China, citing immigration and drug trafficking concerns. The move has immediate consequences for businesses and consumers—so what happens next?
A 6.1-magnitude earthquake struck off Indonesia’s North Maluku early Tuesday, with no tsunami warning issued, Xinhua reports.
Start your day informed with AnewZ Morning Brief: here are the top news stories for February 5th, covering the latest developments you need to know.
The wave of anti-corruption protests in Serbia continues to grow. On February 4, teachers and farmers joined students in an anti-government demonstration in the central city of Kragujevac. Thousands of people marched through the streets, holding banners and blowing whistles in protest.
Saudi Arabia reaffirmed on Wednesday that it will not establish diplomatic ties with Israel unless a Palestinian state is created. The statement follows remarks by former U.S. President Donald Trump, who claimed that Riyadh was not making such a demand.
U.S. President Donald Trump declared that the United States will take over the Gaza Strip, dismantle unexploded ordnance, and lead economic redevelopment in the area.
A 6.1-magnitude earthquake struck off Indonesia’s North Maluku early Tuesday, with no tsunami warning issued, Xinhua reports.
Azerbaijan, Georgia, Romania, and Hungary will build a direct high-voltage submarine cable connecting the South Caucasus region with the European Union, with a purpose to strengthen national and regional energy security.
Start your day informed with AnewZ Morning Brief: here are the top news stories for February 5th, covering the latest developments you need to know.
The wave of anti-corruption protests in Serbia continues to grow. On February 4, teachers and farmers joined students in an anti-government demonstration in the central city of Kragujevac. Thousands of people marched through the streets, holding banners and blowing whistles in protest.
Saudi Arabia reaffirmed on Wednesday that it will not establish diplomatic ties with Israel unless a Palestinian state is created. The statement follows remarks by former U.S. President Donald Trump, who claimed that Riyadh was not making such a demand.
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