Borrowing costs fall as interest rate hike fears ease Economics Government borrowing costs fell sharply on Tuesday, after a dovish speech from Bank of England governor and revived hopes of a Middle East peace deal led traders to pare back bets on central bank interest rate hikes. Gilts rebounded across the curve, outperforming their European peers. The UK’s two-year and 10-year government bonds fell as [...]
Iran ‘pulls out of talks with US’ and threatens to strike Israel Politics Iran has withdrawn from peace talks with the United States and threatened to launch an attack on Israel after the Netanyahu administration announced plans for an air strike on neighbouring Lebanon. According to a state-affiliated news agency, Tehran has vowed to hit back at northern Israel if Lebanon is hit by Israeli strikes and end [...]
FTSE 100: London gains as Iran’s attack on Israel sends oil prices higher Markets London markets made gains on Wednesday after an unprecedented missile attack on Israel by Iran that sent oil prices higher and shook global stocks.
Israel says it has begun ‘limited, localised’ southern Lebanon operation against Hezbollah October 1, 2024 Israeli ground forces crossed into southern Lebanon early Tuesday, marking a significant escalation of an offensive against Hezbollah militants and opening a new front in a yearlong war against its Iranian-backed adversaries. The incursion follows weeks of heavy blows by Israel against Hezbollah — including an airstrike that killed its longtime leader, Hassan Nasrallah — [...]
Lammy urges ‘restraint’ after Israel-Hezbollah conflict escalates August 25, 2024 Foreign secretary David Lammy has urged Israel to show “restraint” after an exchange of fire with Lebanese militants Hezbollah on Sunday morning. The Israeli military carried out a series of air strikes in southern Lebanon early on Sunday, saying it had intelligence Hezbollah was planning to carry out an attack of its own. The Iran-backed [...]
British Airways and Wizz Air suspend flights to Israel amid escalation August 25, 2024 British Airways and Wizz Air flights between the UK and Israel have been cancelled following an escalation of hostilities in the Middle East overnight. British Airways has halted its flights between Heathrow and Tel Aviv in both directions between Sunday and Wednesday, the airline said. Wizz Air also said it is “temporarily suspending” flights to [...]
Israel aims strikes at Lebanon as Hezbollah launches attack August 25, 2024 Israel launched a wave of air strikes across southern Lebanon early on Sunday in what it said was a pre-emptive strike on Hezbollah. It came as the militant group said it had launched hundreds of rockets and drones to avenge the killing of one of its top commanders last month. The heavy exchange of fire [...]
Military sent to help as Lammy tells UK citizens ‘leave Lebanon now’ August 3, 2024 Military personnel and consular experts have been deployed to the Middle East to help British nationals in the region as ministers warned the “situation could deteriorate rapidly”.