The yields on British debt pushed higher as the country’s prime minister, Keir Starmer, confronted a rebellion from members of his party.
Category: Great Britain
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What the Bond Markets Are Saying About Britain’s Politics and Economy
The New York Times – Business: -
Britain Will Nationalize Its Last Major Steel Mill, Prime Minister Says
The New York Times – Business:Keir Starmer, with thousands of jobs at stake, vowed to take full control of British Steel, a year after the government first intervened to keep its operations going.
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How Energy Prices Are Driving Demand for Solar Panels and Heat Pumps
The New York Times – Business:Already having faced an energy crisis five years ago, more European consumers believe they are “one Trump-ignited war away” from crushing costs.
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The ‘Perfect Storm’ Hanging Over Britain’s Public Debt
The New York Times – Business:Bond investors are expected to scrutinize the results of critical local elections on Thursday as the war in the Middle East adds inflation pressure on the government.
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Trump’s Tariff Reversal Reopens a Major Market for Scotch Whisky
The New York Times – Business:A 10 percent tax on American imports was hurting British sales, even though exporters had increased sales in India, China and other countries.
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Why Countries Are Stocking Up on Gold
The New York Times – Business:As risk has escalated, central banks have bought more gold to stash in reserve. A widening Middle East war could add to the urgency.
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Rising Fuel Prices Could Force Excruciating Choices on Economic Policies
The New York Times – Business:The European Central Bank and Bank of England were expected to hold interest rates steady on Thursday while searching for signs of possible longer-term damage.
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European Airlines Face Fuel Shortages Within Weeks
The New York Times – Business:If tankers do not soon begin crossing the Strait of Hormuz, airlines in Europe may not have enough jet fuel to operate all of their flights.
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Theater Tickets Are Cheaper in London Than New York. What Gives?
The New York Times – Business:For half the price of a great seat at a Broadway show, you can see “Paddington” in the West End (if you can find a ticket) and snack on a marmalade sandwich.
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Countries Scramble to Shore Up Global Oil Supplies as Ships Are Attacked
The New York Times – Business:The United States and Israel launched more strikes against Iran, where crowds mourned military commanders killed in the war. Israel also bombed targets in Lebanon, where the death toll climbed.
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Japan and Germany Say They Will Release Oil
The New York Times – Business:Officials in Tokyo and Berlin said they planned to release oil from their strategic reserves to address disruptions of supplies from the Middle East.