UK long-term borrowing costs ease after midweek bond sell-off
30-year gilt yield falls to 5.57% after peaking at 5.75% as global bond markets cool; Bank of England urges caution over focus on long-term yields
Business & Markets News
Sunny weather and women's Euro lift UK retail sales in July, ONS says
Retail sales volumes rose 0.6% as clothing, footwear and online sectors benefited; ONS apologises for a delayed release after seasonal-adjustment errors
Market Turmoil and Cabinet Reshuffle Will Shape Reeves’s Budget
Chancellor sets Nov. 26 date as markets and ministerial changes influence borrowing costs and policy choices
Air Canada Flight Attendants Reject Wage Offer; Wage Talks Move to Mediation, Flights to Continue
About 10,000 attendants voted down the wage portion of a tentative agreement, but the airline and union say no new work stoppage will occur as talks move to mediation and possible arbitration.
Farage urges Reform UK to prepare for early election after Rayner resignation
Reform leader calls for readiness for a possible 2027 general election, announces new policy department and a string of tough measures if elected
U.S. Apparel Retailers Push Higher Full-Price Tags as Tariffs Persist
Levi Strauss, Aritzia and others report resilient demand among wealthier shoppers after price increases, signaling a shift away from discounting
Chancellor Rachel Reeves Weighs Property Tax Changes Ahead of November Budget
With self-imposed borrowing rules at risk, ministers are considering reshaping stamp duty and taxes on landlords to raise billions
Former Conservative minister Nadine Dorries defects to Reform UK
Dorries says 'The Tory Party is dead' as her move fuels a string of defections ahead of Reform's Birmingham conference
Mega Millions winning numbers drawn; jackpot estimated at $336 million
Friday's drawing produced 06-14-36-58-62 with Mega Ball 24; a separate Powerball drawing is poised for a $1.8 billion prize