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.
North Korea launched multiple short-range missiles on Tuesday, which landed outside Japan's waters, with no reports of damage or casualties, according to Japan's government.
A devastating mudslide at a jade mine in Myanmar has engulfed homes, with dozens feared dead and rescue teams continuing to search through the debris.
Southern California is battling devastating wildfires that have claimed 24 lives, destroyed thousands of homes, and triggered mass evacuations. Amid the chaos, a surge in looting and criminal activity is straining communities and law enforcement efforts.
Over 100 Paris 2024 Olympic medals were returned due to quality issues linked to EU regulations and an untested varnish formula. The IOC has pledged to replace all defective medals.
A 6.9 magnitude earthquake struck Kyushu, southern Japan, prompting tsunami advisories for Miyazaki and Kochi prefectures. A 20-centimetre tsunami reached Miyazaki city, but no issues were reported at nearby nuclear power plants. Links to the Nankai Trough are under investigation.
Highland Park resident Sabrina gives a firsthand account of fleeing the devastating Southern California wildfires, as fierce 80 mph winds drive the Eaton Fire toward residential areas. In an exclusive interview, Sabrina details her experience joining the other 130,000 displaced citizens.
Reports of a two-month halt in Azerbaijani gas supplies to Serbia are false. Despite a technical issue at Shah Deniz Alpha, Shah Deniz Bravo ensures steady exports, with supplies set to resume soon. BP confirms no damage or environmental impact.
A Cessna CJ1+ aircraft (PR-GFS) crashed while landing at Gastão Madeira State Airport (UBT) in Ubatuba, Brazil, on 9 January 2025, amidst adverse weather. The crash, which claimed the pilot’s life and injured seven others, has raised concerns over private aviation safety in Brazil.
Azerbaijan's Foreign Ministry is working with Eritrean authorities to secure the release of 18 Azerbaijani citizens detained after their vessels entered Eritrean waters on November 7, 2024, due to severe weather. The crew faces charges of unauthorized entry.
North Korea launched multiple short-range missiles on Tuesday, which landed outside Japan's waters, with no reports of damage or casualties, according to Japan's government.
A devastating mudslide at a jade mine in Myanmar has engulfed homes, with dozens feared dead and rescue teams continuing to search through the debris.
Southern California is battling devastating wildfires that have claimed 24 lives, destroyed thousands of homes, and triggered mass evacuations. Amid the chaos, a surge in looting and criminal activity is straining communities and law enforcement efforts.
Over 100 Paris 2024 Olympic medals were returned due to quality issues linked to EU regulations and an untested varnish formula. The IOC has pledged to replace all defective medals.
A 6.9 magnitude earthquake struck Kyushu, southern Japan, prompting tsunami advisories for Miyazaki and Kochi prefectures. A 20-centimetre tsunami reached Miyazaki city, but no issues were reported at nearby nuclear power plants. Links to the Nankai Trough are under investigation.
North Korea launched multiple short-range missiles on Tuesday, which landed outside Japan's waters, with no reports of damage or casualties, according to Japan's government.
A devastating mudslide at a jade mine in Myanmar has engulfed homes, with dozens feared dead and rescue teams continuing to search through the debris.
Southern California is battling devastating wildfires that have claimed 24 lives, destroyed thousands of homes, and triggered mass evacuations. Amid the chaos, a surge in looting and criminal activity is straining communities and law enforcement efforts.
Over 100 Paris 2024 Olympic medals were returned due to quality issues linked to EU regulations and an untested varnish formula. The IOC has pledged to replace all defective medals.
A 6.9 magnitude earthquake struck Kyushu, southern Japan, prompting tsunami advisories for Miyazaki and Kochi prefectures. A 20-centimetre tsunami reached Miyazaki city, but no issues were reported at nearby nuclear power plants. Links to the Nankai Trough are under investigation.
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