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.
President Donald Trump has said the U.S. has “total control” of the Strait of Hormuz, as Iran warns the key waterway will not reopen while Washing...
An overnight Ukrainian drone attack on Russia’s Black Sea port city of Novorossiysk killed an eight-year-old child, injured others and damaged resid...
Iran will soon join the New Development Bank (NDB), the lender established by BRICS nations, Central Bank Governor Abdolnaser Hemmati said in a state ...
One hundred years after the First World War and more than eighty years after the devastation of the Second World War gave rise to the United Nations, humanity once again finds itself living in an age of permanent crisis.
Iran said it was nearing a final pact with Oman defining new shipping lanes between them through the Strait of Hormuz but repeated that the U.S. must meet other conditions.
U.S. President Donald Trump has called for Iran to pay compensation for decades of deaths and damage, adding a new demand to peace talks as Tehran seeks compensation and sanctions relief before reopening the Strait of Hormuz.
A criminal court in Damascus has sentenced former Syrian President Bashar al-Assad to death in absentia for premeditated murder, torture, arbitrary detention and crimes against humanity, according to Syria’s state news agency SANA.
President Donald Trump has said the U.S. has “total control” of the Strait of Hormuz, as Iran warns the key waterway will not reopen while Washington maintains its naval blockade.
Millions of people across Spain and Iceland are preparing on Wednesday to witness a rare total solar eclipse, when the moon will pass directly between Earth and the Sun, briefly turning daylight into darkness along a narrow path.
Ukraine has agreed to refrain from targeting certain tankers using Russia’s Black Sea port of Novorossiysk following a request from U.S. Vice President JD Vance, the Financial Times reported, although Kyiv has continued strikes on Russian targets at the port.
Taiwan has criticised a planned joint naval exercise involving China and Indonesia near its eastern waters, describing it as a politically charged move designed to strengthen Beijing's claims over areas surrounding the island.
An overnight Ukrainian drone attack on Russia’s Black Sea port city of Novorossiysk killed an eight-year-old child, injured others and damaged residential buildings, port infrastructure and grain facilities, Russian officials and industry sources said on Wednesday.
Romanian military divers have destroyed two Gerbera-type drones found drifting near the Neptun Deep offshore gas development in the country’s Black Sea exclusive economic zone.
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