Author: franperez66q@protonmail.com

The biggest factor pushing up rates is the credibility of the borrowing plans set out by major countries. The increase is not based on fears about countries “going bankrupt”. But it is based on the brutal market equation that if a country wants to borrow more, and to do so without a credible plan, especially if there are doubts over the stability of a given government, it should expect to pay a higher rate.Influential economists lean on different factors. Mohamed el-Erian told me the AI competition in bond markets was the biggest new factor. Lord Jim O’Neill, says the recent…

Berkshire Hathaway CEO Greg Abel noted the growing resistance to the construction of data centers across the U.S. in an interview with CNBC’s Becky Quick on Wednesday morning.”There is a lot more pushback in the communities across the U.S.,” Abel said.Berkshire’s interest in the ongoing computing facility buildout is mostly related to power and electricity generation for the sites, Abel commented, noting that the conglomerate wants to be in business with supercomputing companies provided they keep their costs contained.”We are interested in serving these hyperscalers … if there was no impact to the rates of our other customers,” he said.Investors…

Nigel Farage has said the UK is a “complainants’ society”, as he faces ongoing questions about both his and his party’s funding.Speaking to the BBC ahead of the party’s annual conference this week, the Reform UK leader said a “whole ecosystem” didn’t want “new kids on the block succeeding”.It comes after a summer dominated by headlines about the party’s finances and £5m he received from a party supporter before the last election.Farage said he expects it “won’t be too long” before he is interviewed as part of the ongoing parliamentary investigation into whether he should have publicly declared the sum…

Bond And Equity Sell-Off Continues, Greenback Extends Gains Source link

Reform UK deputy leader Richard Tice has defended decisions to raise council tax and cut spending at local authorities led by the party in England.Tice faced questions about the party’s record in local government in a round of interviews with BBC radio stations ahead of its annual conference this week.He was asked why Reform UK-led councils had raised council tax, with presenters suggesting the party had given the impression it would do the opposite.Tice argued Reform UK councillors had shown they were “financially prudent” and were “doing a good job of getting to grips with wasteful spending”.The BBC interviews focused…

A minister has said the government is working on new laws to “drive rogue operators out of the funeral industry”.Secretary of State for Health and Social Care Yvette Cooper gave a written update to Parliament on proposed legislation to regulate undertakers.It comes after a Hull funeral home director was jailed last month for failing to bury or cremate people and giving bereaved relatives the ashes of strangers.Robert Bush was sent to prison for 20 years after he admitted 67 offences, including denying 30 people a decent and proper burial, theft from charities, and fraudulent trading over a period of almost…

Ukrainian President Volodymyr Zelensky speaks during the reburial ceremony for Colonel Yevhen Konovalets on August 18, 2026 in Kyiv, Ukraine.Diego Fedele | Getty Images News | Getty ImagesUkrainian President Volodymyr Zelenskyy has urged airlines to avoid Russian airspace as Kyiv expands its drone operations.”We want to warn every airline that uses Russian airspace, every insurer, and everyone who still uses Russia’s key airports: Russian airspace is becoming completely unsafe,” Zelenskyy said Tuesday in his evening address.His warning follows Ukraine stepping up its long-range drone strikes on Russian oil refineries and logistics hubs, as it seeks to raise the cost of…

Political correspondent Henry Zeffman explains what we might see at Burnham’s first PMQs on Wednesday. Source link

Andy Burnham pledges “more substantial change” during his first speech to MPs as prime minister.He also pays tribute to his predecessor Keir Starmer – who earlier announced he will stand down as an MP.Conservative leader Kemi Badenoch said the new prime minister will be judged on “what he actually delivers”.More on this story here. Source link

KAZAN, RUSSIA – OCTOBER 23: President of China Xi Jinping meets with Iranian President Masoud Pezeshkian (not seen) within the 16th BRICS Summit in Kazan, Russia on October 23, 2024. Iranian Presidency | Anadolu | Getty ImagesChina’s President Xi Jinping gave his Iranian counterpart Masoud Pezeshkian a brief, low-profile audience at a regional security summit, signaling Beijing’s calibrated approach toward Tehran just weeks ahead of Xi’s planned trip to Washington.The two leaders met for several minutes on the sidelines of the Shanghai Cooperation Organization summit in Kyrgyzstan on Tuesday, according to Iranian state media. The gathering brought together leaders of…