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Trump's nemesis in Europe: Why Spain's Sanchez is calling a snap election
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Average five-year fixed mortgage rate hits 6% for first time in three years
Banks and building societies raise prices as turmoil in bond markets increases expectations of base rate rise The average cost of a five-year fixed-rate mortgage has hit the 6% barrier for the first time in three years, as jitters in the money markets make the loans more expensive for lenders to offer. Figures from financial information provider Moneyfacts show the average is now 6.00%, its highest point since September 2023, while the average two-year fixed rate is not far behind at 5.98%, its highest since December of the same year. Continue reading...

Global oil stockpiles ‘scarily thin,’ says Saudi Aramco chief; euro hits 17-month low on France debt fears – business live
Amin Nasser says ‘system is already straining’ and ‘replenishing inventories could take up to two years’ 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 short ans