18 h. ago European markets soar as Germany moves to lift ‘debt brake’ and raise defence spending

Berlin’s ‘big bazooka’ proposal sends industrial stocks surging but fiscal sea change also hikes borrowing costsBusiness live – German debt ‘bazooka’ rallies stocks and euroEuropean financial markets have rallied sharply and German borrowing costs have soared after the country’s prospective leaders announced a historic deal to loosen its “debt brake” rule to boost spending on defence.The yield – in effect the interest rate – on 30-year German government bonds rose by about 25 basis points to 3.08% in its biggest daily increase since October 1998. Continue reading...

Economics

23 h. ago European markets soar as Germany lifts ‘debt brake’ to raise defence spending

Berlin’s ‘big bazooka’ move sends industrial stocks surging but fiscal sea change also hikes borrowing costsBusiness live – German debt ‘bazooka’ rallies stocks and euroEuropean financial markets have rallied sharply and German borrowing costs have soared after the country’s prospective leaders announced a historic deal to loosen its “debt brake” rule to boost spending on defence.The yield – in effect the interest rate – on 30-year German government bonds rose by 16 basis points, after having earlier jumped by as much as 25 basis points to 3.07% in its biggest increase since October 1998. Continue reading...

Economics

24 h. ago German borrowing costs soar by most since 1997 on ‘historic’ debt deal

Investors bet on big boost to growth after agreement to increase funding for military and infrastructure

Economics

25 h. ago German borrowing costs soar by most since 2008 on ‘historic’ debt deal

Investors bet on big boost to growth after agreement to increase funding for military and infrastructure

Economics

27 h. ago German debt ‘bazooka’ sends stocks, euro rallying and bond yields soaring; dollar slides – business live

Defence stocks leap while dollar falls further, sparking talk that it could lose its safe-haven statusAs defence stocks are soaring, Europe’s aerospace and defence index has hit a new record high, rising by 3.7%.The euro has also powered ahead and is now 0.8% higher against the dollar at $1.0711. Continue reading...

Society

27 h. ago German borrowing costs soar after Merz deal to boost military and infrastructure spending

Proposal to relax borrowing rules described as ‘sea change’ for debt issuance

Economics

30 h. ago German borrowing costs soar as Merz moves to ease debt brake

Proposal to relax borrowing rules described as ‘sea change’ for debt issuance

Economics

41 h. ago Germany’s Merz strikes debt deal to fund defence and infrastructure

Chancellor-to-be moves to relax debt brake in ‘sea change’ from country’s conservative approach to borrowing

Economics

1 week ago Thames Water receives £7bn bid from Hong Kong’s CK Infrastructure

Deal would require debt-laden utility’s bondholders to take significant writedowns

Economics

2 w. ago Middle East crisis live: Lebanon says it will consider any remaining Israeli presence on its lands an occupation

Israeli forces remain in five points in Lebanon for what the IDF says is security purposes but Lebanese presidency says truce deal demands a full withdrawalBack to news coming out of Lebanon. The country’s new government will negotiate with the International Monetary Fund for a new programme and will work to deal with the country’s financial default and public debt, according a policy statement – seen by Reuters – that has been approved by the cabinet. It also said the government would work towards an economic recovery achieved primarily through the reform of the banking sector.Lebanon is still grappling with a crippling economic crisis, now in its sixth year, which destroyed its state electricity sector and left many in poverty unable to access their savings. The local currency lost much of its value and commercial banks severely restricted foreign currency withdrawals. Continue reading...

Events