Global Market

UK government bonds are sliding sharply, with yields surging past levels last seen during the fallout from the downfall of former Prime Minister Liz Truss, raising fresh concerns that an energy-driven shock is rapidly evolving into a broader problem for the government and UK households and businesses.

The European Union (EU) and the Gulf Cooperation Council (GCC) have strongly condemned what they described as unjustifiable Iranian attacks on GCC countries, saying the action threatens regional stability and global security.

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