UK borrowing costs hit highest level since 2008 as economic hit from war mounts
Ten-year gilt yield jumps to 5% as fears over inflation shock intensify
Economic news
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A bet on Bill Ackman’s new listing is complex
The hedge fund manager is seeking to extend his Pershing Square portfolio in multiple vehicles
Iran war will scar the global economy
Scenarios that markets and policymakers hoped to avoid are now materialising
How the oil shock might spread
Measures undertaken by vulnerable economies may be only the start of things to come
Investors start to bet on US interest rate rises amid inflation fears
Traders price in almost 50% chance of higher borrowing costs by October, in potential blow to Trump’s calls for cuts