Writing the summary…
Treasury yields inch lower as investors pare back Fed rate hike bets
Source: CNBC
Original reporting
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BBC Business
BT agrees rescue deal to buy broadband operator TalkTalk
The takeover still needs to be approved by the regulator, but would give certainty to TalkTalk's millions of customers
BBC Business
Average five-year mortgage rate hits 6% for first time in three years
The cost of a new fixed-rate mortgage has been rising in recent weeks as lenders face higher costs.
The Guardian
Coach services could be cut due to record diesel prices, UK operators warn
Rising fuel costs are pushing hundreds of firms out of business, threatening school transport, firms say Business live – latest updates Coach operators have said record diesel prices could force cuts to services including school transport, as hauliers warn rising fuel costs are pushing hundreds of firms out of business. The average price of diesel on UK forecourts hit a fresh record of more than £2 a litre last week, as the war in the Middle East continues to disrupt global fuel supplies. Continue reading...
CNBC
Cut spending to curb runaway borrowing costs, Goldman's Gutman tells governments
Goldman Sachs' Anthony Gutman said lower fiscal deficits are needed tackle surging bond yields.
The Guardian
BT strikes deal to rescue broadband firm TalkTalk; euro slides amid France debt burden fears – business live
TalkTalk’s wholesale and consumer arms will be sold to BT in £400m deal on a debt-free basis and save 900 jobs The UK’s telecoms regulator Ofcom has welcomed the deal. Dame Melanie Dawes , Ofcom’s chief executive, said: After a prolonged period of uncertainty around TalkTalk Group’s future, we welcome the prospect of a commercial solution that protects customers and secures continuity of critical communications services. The transaction will now be subject to the appropriate clearances and we’ll be working closely with the government and the Competition and Markets Authority during that process. Existing regulatory obligations will continue to apply. We’ll keep a close eye on the transition to protect consumers and competition, and we have written to BT today to underline our expectations. TalkTalk’s 1.5 million customers will want to know what this morning’s news means for them. The sho
CNBC
Russia ramps up attacks on Kyiv infrastructure as U.S. makes fresh push for peace talks
Russia has pledged to intensify strikes on Kyiv and other Ukrainian cities after a drone attack damaged the capital’s key Northern Bridge over the weekend.