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US long-term borrowing costs ease after government steps in
Long-term borrowing costs in the US eased on Wednesday after the Treasury department announced it would buy back more debt. The move came after the interest rate on 30-year bonds, which are a type of debt used to raise funds from investors, hit 5.34% on Tuesday – the highest level in almost 20 years. The…
China has found Trump’s pain point – rare earths
Osmond ChiaBusiness reporter Reuters Last week, China’s Ministry of Commerce published a document that went by the name of “announcement No. 62 of 2025”. But this wasn’t just any bureaucratic missive. It has rocked the fragile tariffs truce with the US. The announcement detailed sweeping new curbs on its rare earth exports, in a move…
Energy bills, mortgages and more: How the Iran war may affect your finances
Yet, analysts do not think inflation will return to the peak of 11.1% seen in the UK in October 2022. That is because the war in Ukraine also caused spikes in the prices of basic foodstuffs, such as wheat and edible oil, owing to the role of Ukraine in producing those items. That is not…
Supply too reliant on one asset, says South East Water boss
Fiona Irving,South East environment correspondentand Craig Buchan,South East BBC South East Water chief executive David Hinton has faced calls to resign over supply issues The boss of South East Water has said the company is too dependant on individual facilities after a six-day supply failure affected thousands of people in Kent. About 24,000 properties in…
Petrol price: Whats driving Northern Irelands falling fuel costs?
“Locally, the prices are very much linked to geopolitical instability, they’re linked to supply and demand at global level… and money markets, currency exchange rates, which again there’s no ability for people in Northern Ireland to control,” explained Smyth.
