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German business activity grows in August, PMI shows

German business activity grows in August, PMI shows

BERLIN, Aug 21 (Reuters) - German business activity expanded modestly in August as an upturn in manufacturing offset a faster decline in services activity, a preliminary business survey showed on Friday.

UK service sector perks up in August, adding to resilience signs

UK service sector perks up in August, adding to resilience signs

By Andy Bruce Aug 21 (Reuters) - Britain's services sector, the engine of its economy, perked up unexpectedly this month, according to a survey on Friday that added to signs of resilience despite the conflict in the Middle East.

Army will shut down a unit in Europe focused on learning drone warfare

Army will shut down a unit in Europe focused on learning drone warfare

The Army's top general has directed a Europe-based unit specializing in drone warfare to revert to traditional infantry roles

Russia Supplies Explosives and Military Goods to Iran, Raising Concerns for U.S. Interests

Russia Supplies Explosives and Military Goods to Iran, Raising Concerns for U.S. Interests

According to an August 17 report by NBC News, Russia is providing explosives and other military goods to Iran to help replenish its arsenals. This aid includes TNT explosive material, unspecified ammunition, and drone components, which are being shipped via the Caspian Sea. The report cites a European government document verified by a Western official, based on information from the previous month. The cargo is reportedly delivered to Amirabad port in northern Iran using over two dozen vessels owned by the Russian company MG-FLOT, which is based in Russia’s Dagestan region and is currently under Western sanctions. This development follows a pattern of military cooperation between Russia and Iran, where MG-FLOT has been involved in transporting arms between the two nations since 2022, initially supplying Russia with Iranian weapons such as Shahed-136 and Shahed-131 drones.

Bond markets from US to Japan whacked as inflation and fiscal worries take hold

Bond markets from US to Japan whacked as inflation and fiscal worries take hold

By Dhara Ranasinghe, Gregor Stuart Hunter and Samuel Indyk LONDON, Aug 18 (Reuters) - Long-term borrowing costs from the United States to Japan and Germany hit their highest levels in decades on Tuesday, as renewed inflation worries added to nagging concerns about the fiscal pressures facing some of

Global bond markets put governments on notice over fiscal, inflation risks

Global bond markets put governments on notice over fiscal, inflation risks

By Dhara Ranasinghe, Gregor Stuart Hunter and Samuel Indyk LONDON, Aug 18 (Reuters) - Long-term borrowing costs from the U.S. to Germany and Japan hit their highest levels in decades on Tuesday due to ballooning government debt and geopolitics, raising borrowing costs for companies and households

Euro zone yields slip from multi-year highs after US Treasury announcement

Euro zone yields slip from multi-year highs after US Treasury announcement

LONDON, Aug 19 (Reuters) - The pressure on euro zone government bonds continued on Wednesday, with yields rising to multi-year highs for a second day before slipping back when the U.S. Treasury announced extra liquidity support for longer-dated securities.

UK inflation picks up after July surge in household energy bills

UK inflation picks up after July surge in household energy bills

By Andy Bruce and David Milliken LONDON, Aug 19 (Reuters) - A jump in household energy bills pushed British inflation to a four-month high in July, matching forecasts, and it looks set to rise further as the war in Iran grinds on with no end in sight.

Bonds selloff pressures Europe, oil climbs further

Bonds selloff pressures Europe, oil climbs further

By Iain Withers and Dhara Ranasinghe LONDON, Aug 19 (Reuters) - European government bond yields rose to new multi-year highs on Wednesday as a global selloff deepened on fears of swelling sovereign debt, while oil futures gained for a fourth straight day on receding prospects of a deal to end the

US 30-year yields hit highest level since 2007 as war, oil worries fester

US 30-year yields hit highest level since 2007 as war, oil worries fester

By Ankur Banerjee SINGAPORE, Aug 18 (Reuters) - U.S. 30-year Treasury yields rose to their highest level since 2007 on Tuesday as stalled talks to end the U.S.-Iran war and worries of an imminent escalation sent oil prices above $90 a barrel, fanning fears of inflation and jolting markets.

Democrats Rebuke President Trump Over Reduced Military Drills with South Korea

Democrats Rebuke President Trump Over Reduced Military Drills with South Korea

President Trump is facing significant criticism from Democratic lawmakers following his decision to 'substantially reduce' joint military exercises between the United States and South Korea. The President announced this move on Sunday, citing his 'very good relationship' with North Korean leader Kim Jong Un and South Korea's refusal to join the U.S.-Israel war against Iran. Democratic Senator Andy Kim stated that decisions about joint exercises should be made jointly, not unilaterally via social media, emphasizing the strategic partnership with South Korea as a 'linchpin for security and stability in the Indo-Pacific.' Congresswoman Pramila Jayapal labeled the decision 'dangerous' for regional stability, while Jack Reed, the top Democrat on the Senate Armed Services Committee, called it 'inane,' suggesting it signals that 'America’s commitments are negotiable.' Republican Senator Thom Tillis also criticized the move, arguing it allows North Korea to increase support for Russia in Ukraine.

Morning Bid: Yields give way

Morning Bid: Yields give way

By Mike Dolan Aug 18 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Just when markets thought the Iran conflict was stuck at an impasse, the bellicose rhetoric went up several notches on Monday – and so did energy prices.