UK borrowing costs soar to highest level since 1998
Jump in yields on 30-year gilts came as investors dumped US Treasuries after concluding country had ‘lost control of its senses’
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Donald Trump backs down in global trade war
Washington scraps most tariffs against countries that have not retaliated but increases levies on China
Treasury reappoints Nikhil Rathi as head of UK financial watchdog
The former LSE chief is the first FCA head to be given a second five-year term
Is the world heading into recession?
The US president has rattled stock markets but that doesn’t automatically lead to an economic downturn.
Trump’s market mayhem threatens to upend world order
US president’s decision to trigger global trade war looks certain to have a lasting impact on the financial system
China offers first hint of devaluation with weak renminbi fix
Beijing permits exchange rate to drop below long-defended level