U.S. strikes Greenland deal for 'permanent control over security,' will send forces to Danish dog-sled outpost and reopen Cold War base: report

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The Guardian·14m ago

UK government borrowing jumps over forecast to £18.3bn in August as ‘fiscal straightjacket’ tightens – business live

Rolling coverage of the latest economic and financial news The cost of servicing the UK’s national debt has hit a record high for any August, as rising inflation drove up interest payments. Today’s public finances show that central government debt interest bill was £8.8bn in August – the highest August figure since monthly records began in 1997. Higher debt servicing costs absorb a greater share of government revenues, reducing fiscal room and leaving the public finances more exposed to future economic shocks. “A better near-term borrowing outturn would help, but it would not remove the pressure created by higher government borrowing costs. Thirty-year gilt yields recently reached their highest level since 1998, which matters because it raises the cost of long-term financing at a time when fiscal room is already tight. While higher gilt yields do not feed through into debt interest costs

CNBC·43m ago

Oil rises amid worries of growing Iran-U.S. tensions after Bessent issues Iranian airline shutdown warning

Oil rose Tuesday, amid concerns of growing Iran-U.S. tensions. after U.S. Treasury Secretary Scott Bessent told CNBC that all Iranian airlines will be shut down from Wednesday.

CNBC·48m ago

All Iranian airlines to be 'shut down' from Wednesday, Bessent tells CNBC

The Treasury Secretary said that Washington was pressuring Iran "like never before"

CNBC·1h ago

Alibaba shares jump as new AI chip, data center buildout plans unveiled

Alibaba shares jumped 3% in Hong Kong on Tuesday as the tech giant unveiled a new AI chip and plans to sharply expand its global data center capacity

The Guardian·2h ago2 outlets

Britain needs cash and everyone knows we should break the pensions triple lock. Where is the courage? | Gaby Hinsliff

The issue cannot be avoided any longer. Andy Burnham and his chancellor must face the fear of a pensioner backlash, and find a fair solution There is always something oddly unreal about party conference season. In theory, everyone is getting away from Westminster to better reflect on the state of the nation. In practice, the whole circus just briefly relocates to the coast, to live off warm white wine and gossip for three days, before coming back with a streaming cold. But this year, reality seems more elusive than usual. Everyone knows hard choices loom, but everyone is frightened to make them. Every serious party needs billions of pounds to fund their promises, and everyone knows there’s an obvious place to find the money, but nobody wants to be the first to say so. And so a deferential silence shrouds the pension triple lock, whose future will be vigorously debated on the fringes and

The Guardian·3h ago

The rise of Big Toothbrush: how did our mouths become such a lucrative market?

People in the UK are more interested in oral health than ever - and you can now buy prebiotic toothpastes and brushes that cost up to £600. Yet we remain in the midst of a serious dental crisis A December 1969 report from the consumer magazine Which? explored a relatively new gadget that, it predicted, many people would be giving as Christmas presents: the electric toothbrush. For those who hadn’t yet seen one, the magazine described it as “not that much different in principle from an ordinary brush – you have a stick with a brush on the end. The difference is that an electric one moves the brush head for you”. Progress indeed. Nearly six decades on, electric toothbrushes can do a lot more than merely jiggle, offering multiple speeds and movement sensors for real-time tracking of where you’ve brushed – some even promise gum-massage or tongue-cleaning modes. Prices range from about £25 fo