How rising bond yields impact American consumers

City’s argument is likely to lead to renewed debate over the extent to which City’s ownership is separate from the Abu Dhabi state, and over the ramifications of club ownership with state connections. Mansour is a member of the ruling family of Abu Dhabi, and the brother of UAE President Sheikh Mohamed bin Zayed Al…

The UAE accused Iran of a “brazen” attack on two tankers in the Strait of Hormuz on Monday, killing one and wounding eight, as Donald Trump said the US would impose a 20% charge as part of a new blockade on the waterway. The US president said they were hitting Iran “very hard” as strikes…

Microsoft has announced it has cut 4,800 jobs – roughly 2.1% of its workforce – with Xbox to bear a large number of its latest layoffs. Amy Coleman, executive vice president at Microsoft, told employees in a memo that the tech giant needed to focus on areas that can deliver for customers amid a “fast-changing…