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.
NATO Secretary General Mark Rutte is warning that major economies like Brazil, China, and India could face serious consequences if they continue tradi...
U.S. consumer prices rose at their fastest pace in five months in June, signaling the early impact of tariffs on inflation. However, subdued demand an...
Kyrgyzstan's GDP surged 11.7 percent year on year in the first half of 2025, driven by gains in services, construction and production, despite a decli...
The American leader stated that if an agreement between Russia and Ukraine is not achieved within that timeframe, "it will be very bad."...
A new London exhibition invites visitors into the vibrant world of late Italian designer Gianni Versace, showcasing over 450 iconic pieces worn by cel...
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
Authorities in North Carolina are investigating three potential storm-related deaths linked to severe flooding from the remnants of Tropical Storm Chantal, officials said Tuesday.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 10th July, covering the latest developments you need to know.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
Two student pilots were killed when two single-engine training aircraft collided mid-air in southern Manitoba, Canadian authorities confirmed on Tuesday.
NATO Secretary General Mark Rutte is warning that major economies like Brazil, China, and India could face serious consequences if they continue trading with Russia, as the U.S. steps up pressure with fresh sanctions and weapons support for Ukraine.
The American leader stated that if an agreement between Russia and Ukraine is not achieved within that timeframe, "it will be very bad."
The European Union did not reach agreement on its 18th sanctions package against Russia on Tuesday, EU foreign policy chief Kaja Kallas confirmed following a meeting of foreign ministers in Brussels.
Russia, Iran, and China are increasingly involved in life-threatening activities on British soil—including attacks and kidnappings—often carried out by criminal networks or, in some cases, by children, according to two senior UK counterterrorism officials.
Australian Prime Minister Anthony Albanese met with Chinese President Xi Jinping in Beijing, affirming that both countries will keep communication channels open and explore cooperation opportunities despite ongoing strategic rivalry in the Indo-Pacific region.
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