Writing the summary…
‘Cash to trash’ levy on house developers too low to offset damage to Norfolk Broads, say critics
Source: The Guardian
Original reporting
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The Guardian
Global bond sell-off deepens amid fears US economy may be running too hot – business live
Rolling coverage of the latest economic and financial news UK government debt was caught up in yesterday’s bond sell-off too, with the yield on 10-year gilts jumping 1.8% towards its highest level since the 2007 financial crisis. Rising gilt yields will eat into the government’s ‘headroom’ to keep within its fiscal rules, as they show the cost of servicing the national debt, and issuing new bonds, has risen. Government figures are preparing to argue that maintaining March’s buffer is unnecessary at a time when borrowing and energy costs have risen sharply. One person involved in the government’s discussions has suggested that headroom of £15bn would be sufficient, while another suggested closer to £20bn, and a third said no figure was yet being targeted. The 10-year yield rose 10 basis points to 3.075% on Thursday, its highest since 1996, after the three-day break. The five-and 20-year r
CNBC
Tehran criticizes Canada for not condemning Trump's threat to destroy Iran
Baqaei said that Carney chose to appease Washington by reframing a threat to "annihilate" Iran as merely "speaking the language of war."
CNBC
Judge lifts Trump ban on CNN, MS NOW, Politico from White House
District Judge Tim Kelly said the three outlets should have their access immediately restored from the ban that the president had announced on Sept. 18.
CNBC
France's fresh budget battle threatens to topple another government
Time is not on the side of French government bonds, strategists have warned, as the nation's deficit balloons.
CNBC
Novo's new strategy hinges on something it can't manufacture: investor trust
Novo has now reached the point where it can broaden its ambitions again, CEO Mike Doustdar told CNBC, but investors remain unconvinced.
CNBC
Miami's ultra-luxury housing market booms as cash transactions dominate, high-end brands like Bugatti and Porsche jump in
Miami’s ultra-luxury housing segment is booming even as the broader market cools. UBS sees a declining risk of a bubble.