SCROLL NEWS / DISCOVERY
Search headlines
Find the stories shaping the conversation.
Results for " reuter " 2,159 found 🔀 AI-powered Shuffle
Fertitta-Owned Firm to Buy Caesars Entertainment in Nearly $18 Billion Leisure Push
May 28 (Reuters) - Caesars Entertainment said on Thursday it will be bought out by Tilman Fertitta-owned firm in a $17.6 billion deal, as the hospitality billionaire looks to expand his leisure empire. The deal, which will take one of the Las Vegas Strip's most prized casino operators private,
Americans are dropping out of Obamacare, especially in Kentucky
More Americans are dropping out or being kicked off Obamacare health insurance for non-payment than in past years, according to data through April from half a dozen states that sell the plans themselves.
Sterling drops as Middle East tensions, domestic politics weigh
Sterling slipped for a third straight day against both the euro and the dollar, as investors focused on Middle East tensions and lingering domestic political concerns.
France to reimburse weight-loss drugs from mid-June, health minister says
France will reimburse the cost of weight-loss drugs for severely obese patients from mid-June, Health Minister Stephanie Rist said on Thursday in an interview with TF1 channel.
Thai court acquits opposition politician accused of royal insult
A Thai criminal court has acquitted a prominent Thai opposition political figure charged with cybercrimes and insulting the royal family during a 2021 Facebook livestream, his lawyer said on Thursday.
Fed's Goolsbee says oil shock could exacerbate inflationary impulse of AI hype
Chicago Federal Reserve President Austan Goolsbee on Thursday amped up his warning that mounting expectations for the productivity-boosting potential of AI could send inflation higher and force the Fed and other central banks to raise interest rates.
Australia business investment jumps 6.5% in Q1 on data rush
Australian business investment boomed in the March quarter as firms ploughed yet more money into data centers, figures showed on Thursday, while companies also upgraded spending plans for coming months.
Enhanced Games offers $10 million prize to sprinter who breaks Bolt's 100m record
Enhanced Games organizers said on Wednesday they will offer a $10 million bonus to any man who breaks Usain Bolt's 100 metres world record at their 2027 event, sharply increasing the financial stakes for the controversial, drug-friendly competition.
Death of doctor treating Ebola patients raises fears among Congo health workers
Doctors, relatives and Red Cross volunteers gathered in the eastern Congolese city of Bunia for the burial of a doctor who died after treating Ebola patients, underscoring growing fears among frontline health workers as the outbreak worsens.
Capgemini says AI widens client spending pool
Capgemini on Thursday said artificial intelligence was opening access to client spending beyond traditional information technology budgets, as the French technology services group sought to ease investor concerns that the technology could disrupt its business model.
Licensable picture: Nick Lapolla, with Moonshine Entertainment, serves up some delicious food at the Memorial Day kickoff event, at the Fremont
Nick Lapolla, with Moonshine Entertainment, serves up some delicious food at the Memorial Day kickoff event, at the Fremont Community Amphitheater on May 25.
Licensable picture: FRANCE-POLITICS-QUESTIONS-GOVERNMENT-NATIONAL-ASSEMBLY
Philippe Tabarot, minister of transport, speaks on the topic of transportation in the Ile-de-France region, at the public session of questions to the french...
Dick's Sporting Goods trims profit outlook as Foot Locker overhaul pressures margins
Dick's Sporting Goods lowered its full-year profit forecast on Wednesday as margin pressure tied to its Foot Locker acquisition weighed on earnings, even as strong demand for sneakers and apparel lifted quarterly sales.
Licensable picture: FRANCE-POLITICS-MEETING-EMMANUEL-MACRON-ELYSEE-PALACE-ROUMEN RADEV
Emmanuel Macron (R), President of France, and Roumen Radev (L), prime minister of Bulgaria, pose and wave to the press on the stoop at the main entrance before...
Licensable picture: Graduates process out during the A.R. Johnson Health Science and Engineering Magnet School graduation at the Bell Auditorium in
Graduates process out during the A.R. Johnson Health Science and Engineering Magnet School graduation at the Bell Auditorium in Augusta, Ga., on Wednesday, May...
Licensable picture: Graduates process out during the A.R. Johnson Health Science and Engineering Magnet School graduation at the Bell Auditorium in
Graduates process out during the A.R. Johnson Health Science and Engineering Magnet School graduation at the Bell Auditorium in Augusta, Ga., on Wednesday, May...
Schaeffler, Spire Global team up for space hardware, satellite platforms in Europe
Schaeffler and U.S.-based satellite operator Spire Global have signed a memorandum of understanding to jointly develop space hardware and satellite platforms for European defence, weather and security applications.
Licensable picture: FRANCE-POLITICS-GOVERNMENT-FRENCH-MINISTERS-ELYSEE-PALACE
Marina Ferrari, minister of sports, youth and associative life, Jean Pierre Farandou, minister of labor and social affairs, David Amiel, minister of action and...
Greece's leftist firebrand Tsipras makes comeback with new political party
Former prime minister Alexis Tsipras, the leftist firebrand who ran Greece at the height of its debt crisis in 2015, has launched a new political party, promising to fight corruption and seek inclusive economic growth.
'Business as usual': Fakes, piracy thrive in Vietnam as US tariff deadline nears
At a sprawling bazaar on the outskirts of Vietnam's capital, the trade in counterfeit goods is bustling despite government crackdowns and the threat of U.S. tariffs over the issue, two visits by Reuters journalists to the market found.
Hong Kong overtakes Switzerland as world's top cross-border wealth hub on China ties, report shows
Hong Kong has overtaken Switzerland as the top global booking centre for cross-border wealth, a first that is unlikely to be reversed as hubs in Asia grow faster than the European safe-haven, Boston Consulting Group said on Wednesday.
Licensable picture: Science teacher Chastity Gloyd shares a hug with one of her students at the Clear Spring High School Class of 2026 graduation.
Science teacher Chastity Gloyd shares a hug with one of her students at the Clear Spring High School Class of 2026 graduation.
Licensable picture: Science teacher Chastity Gloyd shares a hug with one of her students before the Clear Spring High School Class of 2026
Science teacher Chastity Gloyd shares a hug with one of her students before the Clear Spring High School Class of 2026 graduation.
US to set up quarantine facility in Kenya for Americans exposed to Ebola, WSJ reports
The Trump administration is expected to deploy U.S. public health officers to Kenya to staff a potential quarantine facility there amid the Ebola outbreak in the Democratic Republic of Congo, the Wall Street Journal reported on Tuesday.
Why aren’t Democrats talking about Trump’s health?
President Trump visited Walter Reed on Tuesday, raising fresh concerns about his health. From appearing to doze off in cabinet meetings to visible ankle swelling and bruising on his hands, Americans are asking questions — but why aren't Democrats seizing on the issue? The Bulwark's Lauren Egan, Reuters White House reporter Bo Erickson, and The Atlantic staff writer and MSNBC political contributor Mark Leibovich join Katy Tur with reporting and analysis.
US CDC seeks staff for Ebola screening as outbreak response expands
The U.S. Centers for Disease Control and Prevention has asked staff to volunteer for urgent deployment to support Ebola screening at the country's entry points, according to an email seen by Reuters on Tuesday.
India's Zee Entertainment in talks to stream FIFA World Cup in India
India's Zee Entertainment is in talks with the Fédération Internationale de Football Association (FIFA) to stream the 2026 World Cup in the country, the company said on Tuesday.
Russian business to Putin: we need heavier weapons for drone defence
Russian companies are ready to finance the purchase of heavier weapons and electronic systems to defend their plants from drone attacks, Alexander Shokhin, head of Russia's most powerful business lobby, has told President Vladimir Putin in a meeting.
Italy business lobby urges investment, energy reform to revive growth
The head of Italy's largest business lobby on Tuesday urged sweeping reforms to revive the country's near-stagnant economy, warning that high energy costs and weak investment were undermining growth.
Trump, near 80, to have annual physical amid scrutiny of recent ailments
U.S. President Donald Trump, who turns 80 next month, will undergo his routine annual physical on Tuesday at Walter Reed National Military Medical Center, following a year of public attention on apparently minor health issues.
EU queries Czech PM's moves to tackle conflicts of interest, reports say
The European Commission has asked the Czech government for more information on arrangements designed to prevent conflicts of interest over EU subsidies linked to companies in the business empire of Prime Minister Andrej Babis, Czech media reported.
Licensable picture: In this Feb. 24, 2004 photograph, Abilene Reporter-News entertainment writer Brien Murphy and KTXS sportscaster George Levesque
In this Feb. 24, 2004 photograph, Abilene Reporter-News entertainment writer Brien Murphy and KTXS sportscaster George Levesque discuss what they enjoyed and...
Ebola patients flee in attacks on Congo health facilities
Doctors operating on the front lines of the fight against Ebola in Congo, already grappling with shortages of basic supplies, are now also having to deal with attacks on their facilities and fleeing patients as the virus spreads rapidly. Kristy Kilburn reports.
Ebola patients flee in attacks on Congo health facilities, hobbling response
Doctors operating on the front lines of the fight against Ebola in Congo, already grappling with shortages of basic supplies, are now also having to deal with attacks on their facilities and fleeing patients as the virus spreads rapidly.
Ebola Patients Flee in Attacks on Congo Health Facilities, Hobbling Response
By Gradel Muyisa , Fiston Mahamba and Aaron Ross BUNIA, May 25 (Reuters) - Doctors operating on the front lines of the fight against Ebola in Congo, already grappling with shortages of basic supplies, are now also having to deal with attacks on their facilities and fleeing patients as the virus ...
Schneider Electric sees India data center business outpacing core growth on AI boom
Schneider Electric expects its India data center business to outpace broader operations in the country over the next four to five years, driven by surging demand for AI-ready infrastructure, according to a senior executive.
Schneider Electric sees India data center business outpacing core growth on AI boom
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
More than 900 suspected Ebola cases identified in DRC, WHO chief says
More than 900 suspected Ebola cases, including 101 confirmed cases, have been identified in the Democratic Republic of Congo, WHO Chief Tedros Adhanom Ghebreyesus said on Sunday.
Uber weighs higher bid for Delivery Hero, FT reports
Uber’s board met on Saturday to discuss raising its offer for German food delivery group Delivery Hero after a major shareholder rebuffed an Uber bid that would value Delivery Hero over 11.5 billion euros ($13.39 billion), the Financial Times reported on Sunday.
US Treasury rout tests Washington's tolerance for higher borrowing costs
President Donald Trump's room to wage war while maneuvering on economic policy is being tested by a force largely beyond his control: the bond market.
India’s Goyal to visit Canada with 150 business leaders to boost trade ties
India's Trade Minister Piyush Goyal will visit Canada between May 25 and May 27, heading a delegation of about 150 Indian industry leaders as part of efforts to strengthen trade and investment ties between the two countries.
Senior Walmart executives depart amid reshuffling under new CEO, WSJ reports
At least two senior Walmart executives - COO of warehouse chain Sam's Club, Tom Wardn and head of store operations for the retailer's U.S. business - are leaving, marking a major reshuffle under CEO John Furner, WSJ reported on Friday, citing people familiar with the matter.
Israeli strikes kill six Lebanese medics in 24 hours, health ministry says
Six Lebanese paramedics were killed in two Israeli strikes on southern Lebanon in the span of 24 hours, Lebanon's health ministry said on Friday, condemning the attacks as violations of international law.
Citi to boost Asia wealth business with 'significant' hires, global head says
Citigroup plans to allocate a significant portion of its global wealth management hiring to Asia, where its private bank is growing faster and generating higher productivity than in other regions, the bank's global wealth head Andy Sieg said.
German Ifo business sentiment unexpectedly rises
German business morale unexpectedly rose in May, a survey showed on Friday, offering a glimmer of hope for Europe's largest economy.
InPost says FedEx-led $9 billion buyout offer to run from May 26 to July 27
Polish parcel locker company Inpost said on Friday that the €7.8 billion ($9 billion) buyout offer from a consortium made up of FedEx , Advent International and other InPost investors would run from May 26 to July 27.
Take-Two forecasts annual bookings below estimates, sticks with 'GTA VI' launch timeline
Take-Two Interactive forecast annual bookings below Wall Street expectations on Thursday, but reiterated the November 19 launch date for the highly awaited "Grand Theft Auto VI," sending its shares up around 6% in extended trading.
Meta settles first US case over school costs tied to youth mental health, court filing shows
May 21 (Reuters) - Meta Platforms on Thursday reached a settlement in the first case set for trial seeking to make social media companies cover the costs that school districts say they have incurred
Meta settles first US case over school costs tied to youth mental health, court filing shows
Meta Platforms on Thursday reached a settlement in the first case set for trial in litigation seeking to make social media companies cover the costs school districts across the country say they have incurred to combat a youth mental health crisis allegedly fueled by their platforms.
US HHS Launches AI Initiative to Detect Fraud and Waste in Health Programs
May 21 (Reuters) - The U.S. Department of Health and Human Services said on Thursday it has launched a new AI-led initiative to review annual audits to strengthen oversight across federally funded health programs amid concerns around widespread fraud. The program, called the Audit ...
Sterling steady but weak business activity data weighs
The pound was steady against the dollar on Thursday as broader currency markets focused on developments in the Iran war, while traders digested some worse-than-expected surveys of British business activity.
Stellantis to launch $70 billion business plan to 2030 with 60 new model offensive
Stellantis set out a new 60 billion euro ($70 billion) business plan on Thursday that includes 60 new car models by 2030 - from combustion engine to fully electric vehicles - new investments in technology, joint ventures with other carmakers and better use of its manufacturing capacity.
Stellantis launches $70 billion business plan to 2030 including 60 new models
AUBURN HILLS, Michigan, May 21 () - Stellantis set out a new 60 billion euro ($70 billion) business plan on Thursday that includes 60 new car models by 2030 - from combustion engine to fully electric vehicles - new investments in technology, joint ventures with other carmakers and better use of its manufacturing capacity. The Franco-Italian carmaker said it would also refocus its sprawling 14-brand portfolio, with 70% of brand and product investments going to Jeep, Ram, Peugeot and Fiat, a
Ebola case sparks stricter health checks in Goma
Residents entering the eastern Congolese city of Goma from government-controlled areas were subjected to tighter health checks on Wednesday (May 20) as authorities sought to contain the spread of Ebola after one confirmed case was detected in the city, which remains under M23 occupation. Blanch Ancla has more.
The numbers behind global mental health and its different disorders
Nearly one in eight people in the world lives with a mental disorder, and one person dies by suicide every 43 seconds.
Business Insider CEO Barbara Peng to depart end June
Business Insider CEO Barbara Peng will leave the media company by the end of next month to pursue new opportunities created by technological change, she said on Wednesday.
Exclusive: British theatre group ATG Entertainment readied for sale, sources say
British West End theatre operator ATG Entertainment is in the early stages of being prepared for a possible sale by its private equity owner, four people familiar with the matter said.
US Health Secretary Kennedy fires heads of key preventive health panel
US Health Secretary Robert F. Kennedy Jr. earlier this month fired the chair and vice chair of the influential task force that decides which preventive medical care is provided at no cost to patients.
US Health Secretary Kennedy Fires Heads of Key Preventive Health Panel
NEW YORK, May 20 (Reuters) - US Health Secretary Robert F. Kennedy Jr. earlier this month fired the chair and vice chair of the influential task force that decides which preventive medical care is provided at no cost to patients. The Preventive Services Task Force, which typically has 16 ...
English soccer club Southampton set to pay heaviest price for sporting espionage
Southampton were expelled from the Championship playoff final by the English Football League.
The AI bots are coming and the young are booing, not applauding
The AI revolution is here and the boos are getting louder.
Republicans Collins, Dooley Advance to Primary Runoff in Hopes of Facing US Senator Ossoff in November
By David Morgan May 19 (Reuters) - A hardline Republican congressman and a former college football coach who has never held elective office advanced to a runoff on Tuesday in Georgia's U.S. Senate Republican primary election, extending a messy intra-party battle to determine who will face ...
Exclusive: US Health Secretary Kennedy backs away from some recent changes to CDC vaccine panel
U.S. Health Secretary Robert F. Kennedy Jr.'s latest effort to reconstitute a CDC vaccine advisory committee backs away from some reforms he announced just weeks ago and could complicate his efforts to alter federal immunization policy, according to a copy of the plan reviewed by Reuters.
Kindle loyalists scramble as Amazon turns page on old e-readers
For Claudia Buonocore, the thought of parting ways with her 15-year-old Kindle Touch e-reader is painful.
Exclusive: Airbus targets 10% cost cuts over global uncertainty and supply snags
Europe's Airbus is telling thousands of staff to reduce spending by 10% as global uncertainty and supply chain problems continue to squeeze its core jetliner business, three industry sources said.
Sterling slips after UK jobs data, politics in focus
Sterling dipped on Tuesday after data showed that Britain's employers reined in their hiring and posted fewer job vacancies in April.
WHO chief concerned at speed and scale of Ebola outbreak as cases rise
The head of the World Health Organization on Tuesday expressed concern at the speed and scale of the Ebola outbreak, as number of cases rises.
International health experts meet in search for Ebola Bundibugyo vaccine options
A panel of experts led by the World Health Organization will meet on Tuesday to discuss if there are any vaccine options to help tackle a major Ebola outbreak in eastern Democratic Republic of Congo.
Stellantis to push US revival, brands and Chinese deals in high-stakes pitch to investors
Stellantis' CEO Antonio Filosa will outline a new long-term strategy to investors on Thursday with a focus on reviving crucial U.S. sales, tightening the group's sprawling portfolio, and leveraging tie-ups with Chinese firms.
Adult dies of hantavirus in Colorado, state health officials say
An adult in Colorado has died after a confirmed case of hantavirus that is not linked to a recent outbreak aboard a cruise ship in the Atlantic, Colorado Department of Public Health and Environment officials said in a statement on Monday.
UnitedHealth falls after Berkshire sells stake in health insurer
UnitedHealth shares fell 3% on Monday after Berkshire Hathaway disclosed it had sold its stake in the healthcare conglomerate as a part of a portfolio reshuffling in the first quarter under CEO Greg Abel.
Boston Scientific invests $1.5 billion in MiRus with option to buy heart-valve business
U.S. medical device maker Boston Scientific said on Monday it has invested $1.5 billion in privately held MiRus LLC in return for a 34% equity stake and potential access to the startup's heart-valve business.
Health workers race to respond to Congo's fast-spreading Ebola outbreak
Medical personnel were rushing on Monday to the frontlines of a new Ebola outbreak in eastern Democratic Republic of Congo whose late detection and quick spread have alarmed health experts.
US states reject anti-vaccine bills as public health groups fight MAHA
Dozens of state anti-vaccine bills backed by "Make America Healthy Again" supporters have failed after public health groups won over Republican state lawmakers, marking a series of defeats for the backers of Health Secretary Robert F. Kennedy Jr.
Zegna chair says Middle East business situation is improving
Italian luxury menswear group Ermenegildo Zegna has registered an upturn in Middle East business in recent weeks after disruption caused by the Iran conflict and expects the recovery to be complete after the summer, its executive chairman said.
Iran war saddles global companies with $25 billion bill
The U.S.-Israeli war with Iran has already cost companies around the world at least $25 billion - and the bill is climbing, according to a Reuters analysis.
Report: Gov. Landry in Greenland for business conference
BATON ROUGE, La. (Louisiana First) – Governor Jeff Landry is in Greenland to attend a business conference. According to Reuters, Landry is there to attend the ‘Future Greenland’ business conference w...
Philippines to convene court for VP impeachment amid political turmoil
The Philippine Senate was due to convene as an impeachment court on Monday that could decide the future of Vice President Sara Duterte, with a heated battle between two rival political camps set to be front and centre in the trial.
NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
U.S. power firm NextEra Energy is discussing a mostly stock deal for Dominion Energy that would value the smaller Virginia-based utility at about $76 per share, or around $66 billion, Bloomberg News reported on Sunday.
France's Publicis to buy US data firm LiveRamp in $2.2 billion
French advertising group Publicis Groupe has agreed to acquire U.S. data collaboration company LiveRamp for a total enterprise value of about $2.2 billion in an all-cash deal, it said on Sunday.
South Korea says it will pursue all options to avoid Samsung strike
South Korea will pursue all options, including emergency arbitration, to avoid a labour strike at the country's biggest employer Samsung Electronics and to minimise any damage if one does occur, its prime minister said on Sunday.
WHO declares Ebola outbreak in Congo, Uganda a global health emergency
The World Health Organisation on Sunday declared an Ebola outbreak caused by the Bundibugyo virus in the Democratic Republic of Congo and Uganda a public health emergency of international concern.
Ultra-Orthodox conscription dispute pushes Israeli government to brink
Israeli government faces collapse as coalition parties clash over military draft exemptions for Haredi constituents.
Bill Ackman says Alphabet stake sale not a bet against the company
Billionaire investor Bill Ackman said on Saturday that the sale of Google parent Alphabet's shares was not a bet against the company.
Consumers sue Amazon for not refunding Trump tariff costs
Amazon.com Inc was sued on Friday by consumers seeking refunds for costs passed on to them in the form of higher prices as a result of tariffs the U.S. Supreme Court later concluded had been unlawfully imposed by President Donald Trump.
US moves to end job protections for hundreds of health department workers
President Donald Trump's administration on Friday moved to strip U.S. Department of Health and Human Services workers of civil service job protections, according to an email reviewed by Reuters.
Canada’s Carney travels to Alberta as separatists face legal setback
Trip comes as court rules separatists did not follow proper procedure in collecting referendum signatures.
Uganda confirms outbreak of Ebola virus disease
Uganda on Friday confirmed an outbreak of the highly infectious Ebola virus disease, the health ministry said, adding that the outbreak involves the Bundibugyo strain.
Health Rounds: Common ADHD medicines help treat cancer-related fatigue
We also report on findings that help explain why the flu can be particularly dangerous for pregnant women and that open the door to potential future treatments.
BT revives talks for international business sale, Sky News reports
UK's BT is reviving talks over a possible sale or partnership of its struggling international business a year after halting negotiations, Sky News reported.
Exclusive: At Samsung, the global AI boom spurred a looming strike and deep divisions
A looming 18-day strike at South Korean chip giant Samsung that has triggered worries within the government, rattled foreign investors and threatened global supply chains rests on one crucial question: who should share in the spoils of the AI boom?
How a Jim Caviezel film got mixed up in a Brazilian political scandal
American actor Jim Caviezel's upcoming feature "Dark Horse," a biopic about former Brazilian President Jair Bolsonaro, has been billed by a movie industry publication as a thriller about the far-right firebrand's battle "against a corrupt establishment."
America's most powerful CEOs don't have much to show from their China trip so far
With red-carpet treatment, selfies and culinary diplomacy, America's richest and most powerful executives - from Tesla's Elon Musk to Nvidia's Jensen Huang - sought to rekindle business ties with China this week at a leadership summit in Beijing.
US seeks indictment of former Cuban leader Raul Castro
The potential charges relate to Cuba's 1996 downing of humanitarian planes, US media outlets report.
Britain's pound, stocks and bonds fall on political uncertainty, global inflation angst
British government bonds, stocks and sterling fell on Friday, as domestic political uncertainty clashed with global worries about an inflationary shock, leaving UK assets in the mire.
Chartbook 449: Voldemort on Threadneedle street. The Bank of England and the "haunted house" of English politics.
Imagine the scene: In some Harry Potter version of 21st-century London, a group of deathless UK Treasury officials gathered from across the last century huddle over warm pints and glasses of Chardonnay. Around the table there are officials from the 1920s, the 1930s, the 1970s, 2022 and today. Inevitably, in May 2026, the subject of conversation is the disintegration of the current Labour government. Despite its huge majority in parliament, it has been reduced to tatters by catastrophic local election result. These exposed the fact that rather than having a government with a clear popular majority, the UK is like most other modern societies divided into 5 segments each of which commands between 26 and 16 percent of the vote. Perhaps unsurprisingly, the leadership at Nos 10 and 11 Downing Street - where the Prime Minister and the Chancellor (Treasury Secretary) work - seem paralyzed. They are caught between mounting discontent over unfairness and the cost of living, and tough fiscal strictures that push them into making unpopular spending decisions. In the London pub, the Treasury officials from across the ages, can barely hide their satisfaction at the latest display of democratic politics caught in the vice-grip of financial logic. “Remember the mur d’argent and the banker’s ramp?” “Just like yesterday!” There are smirks around the table. Then the representative of 2026 pipes up: “One thing you have to say about the current lot (referring to the latest hapless Labour government), you don’t have to teach them about the bond market!” There is a murmur of ascent from the Treasury Mandarins. The trauma of the fiscal crisis of September-October 2022 sits deep. Back then, in the final stages of Tory decay, a ‘mini budget’ that challenged fiscal orthodoxy led to a brief but fierce panic in one of the oldest government bond markets in the world (aka gilt market). Now all you have to do is to mention the “bond market” to hush debate. [ Paul Mason@paulmasonnews In the name of public service, and as ex-economics editor of BBC Newsnight, I offer to do a zoom call, tonight, with any Labour MP who wants to understand why bond markets do not "fall into line" with governments. 1/ 3:57 PM · May 12, 2026 · 466K Views 224 Replies · 674 Reposts · 3.93K Likes ](https://x.com/paulmasonnews/status/2054229532404519082?s=20) “And the funny thing is”, the young man in the huddle continues, “they don’t even want to talk about … ”. There is a sudden hush. Significant looks are exchanged around the table. About? One of the senior figures puts down his glass with a decisive “clink”. He-Who-Must-Not-Be-Named has entered their thoughts. Meanwhile, a few miles away in a grubby pub in Bloomsbury, two conspirators from the camp of Critical Macrofinance huddle over cans of low-alcohol IPA. They look at each other and blurt out loud: “The Bank!” “Everyone in the bloody Labour party is talking about the bond market. But why aren’t they even mentioning … the Bank of England!?” “Why is no one talking about Voldemort?” In Paul Mason’s blogpost, after much chest-thumping about basic fiscal logic, the basic point about the Bank of England is buried in the fine print at #3 in his list of suggestions as to what a radical Labour government might actually be able to do! [ Conflict & Democracy Down with the bond market! Down with gravity! It may seem unfair to focus on Labour MP Paula Barker for her off-the-cuff assertion that the bond market would have to “fall in line” with Andy Burnham, should he replace Keir Starmer as prime minister. But Burnham himself told the New Statesman that Labour had to “get beyond this thing of being in hock to the bond markets… Read more 2 days ago · 100 likes · 3 comments · Paul Mason ](https://htsf.substack.com/p/down-with-the-bond-market-down-with?utm_source=substack&utm_campaign=post_embed&utm_medium=web) Back in Bloomsbury they shake their heads and ask: “Didn’t we learn anything from the Eurozone crisis?” Meanwhile, as if summoned to the conversation by some higher force, the “pink pages” announce: “The days of ultra-cheap government borrowing have come to an end” and Martin “Whizzard” Wolf publishes the graph of the season Look at the UK in 2026, perilously positioned on the upper edge of the pack. No wonder no one in London needs any lessons about the “bond market”. But, look again. Imagine how they feel in Rome. What is London’s nightmare in 2026? The nightmare is that you end up like Italy in the early 2010s during the Eurozone crisis. Once comfortably situated in the middle of the pack, watching with horror as your ten-year yields explode to 7 percent and “spreads” become a national nightmare. One of the largest economies in Europe, a founding member of the euro, stigmatized. But the message of the Italian experience is ambiguous. After all, the stigma didn’t last. In 2026, Italy borrows at rates lower not only than the UK but the US. The US, which, as everyone knows, enjoys the “exorbitant privilege” of being the issuer of reserve, safe asets. What kind of magic is this? How did Italy, in the space of fifteen years, go from being good, to bad and back again? Which brings us back to our dissident friends in their Bloombury boozer and their memories of the Eurozone crisis. Italy never was Britain - with its ongoing fiscal deficits. Without interest payments, on primary balance, from 2000 to 2020 Italy ran a tight fiscal ship. Even in 2008 it barely went into deficit and when it was being put on the rack in the early 20210s its primary surplus matched that of austere Germany. So, what happened? How did it end up stigmatized? Of course Italian politics didn’t help. Berlusconi was at the helm and he had legal issues. But amongst friends in the Bloomsbury pub, Berlusconi is a sideshow, the name we whisper to each other is “Trichet”. From 2004 to 2011 the ECB was headed by Jean-Claude Trichet, ex of the French Treasury, more German than the Germans. After 2009 as the news of the Greek fiscal disaster broke, the European bond markets wento into panic mode and Trichet began a brutal game of cat and mouse. Between 2009 and 2011, Trichet intervened in the bond market to help, only when he thought he had compliance with austerity. When he thought they were uncooperative, he withdrew. In the summer of 2011, he even made direct suggestions to his Italian counterparts in Rome, as to how Italy should be governed. It was this cat and mouse game that drove the bond markets crazy and exposed Italy to a violent squeeze. When Mario Draghi took over the ECB at the end of 2011 and declared “whatever it takes”, the pressure on Italy, gradually eased. It is that starring role that has made Draghi into the towering figure in European politics that he remains today. So now you see why voices in London hush when it comes to the Bank of England. “The bond market” isn’t an irresistible objective force like the weather or an avalanche. It can appear like that. But that depends on the way it is being handled, or not handled by the central bank. Which is why the silence about the Bank of England in London right now is so significant. If you think this all sounds a bit fishy, coming from a left-liberal Keynesian like myself, well, let me introduce you to Robin Brooks, who, to put it mildly, plays on a different quidditch team to me. Here, from the position of a fiscal hawk is Robin’s celebratory account of the Bank of England’s role since 2022; In October 2022, at the height of the bond market blow-up in the UK, something incredible happened. Governor Andrew Bailey told British pension funds the Bank of England would end its support program for the country’s fragile gilt market, drawing a line under how much help the central bank was willing to give to exposed pension funds and - implicitly - the government. By the end of that week, Kwasi Kwarteng - the finance minister - had resigned. Prime Minister Liz Truss would soon follow. This episode is so incredible because it contrasts with what happened in the Euro zone earlier that year. Bond markets in Spain and Italy were under pressure amid high inflation and rising interest rates. In the middle of this, Mario Draghi - Italy’s Prime Minister - resigned, compounding pressure on bond markets of high-debt countries on the Euro periphery. Unlike the Bank of England, the ECB caved. It bought Italian and Spanish government bonds in an effort to cap yields and introduced a new tool that signaled to markets it might do such caps more frequently going forward. Faced with pressure on bond markets, the ECB capitulated to political pressure from high-debt countries like Italy and Spain. The Bank of England stood its ground and toppled the Truss government. This kind of thing has long-lasting consequences. It means markets price a higher probability of yield caps in the Euro zone, which keeps Italian and Spanish yields artificially low, while markets feel free to push up UK yields without fear of central bank intervention. As I flagged in yesterday’s post, this means you really can’t compare UK yields to those of other high-debt countries. The UK looks worse, but only because its central bank isn’t interfering with markets. There’s more to this than just that 2022 episode. The Bank of England has also been much more aggressive in its quantitative tightening (QT) than other central banks. If one motivation for quantitative easing (QE) is to lower bond yields - especially longer-dated ones - then it stands to reason QT pushes yields up. The left chart above shows a four-quarter moving average of UK government debt issuance (black line) in percent of GDP and which sectors absorb this issuance, including the Bank of England (blue bars). The right chart above compares the Bank of England’s accumulation or run-off of government bonds (blue line) with that of other central banks, where this blue line is the same as the blue bars in the left chart. The Bank of England was quicker and more aggressive than other central banks in downsizing its bond holdings, so UK yields will have risen more than elsewhere also for this reason, not just because of Governor Andrew Bailey’s remarks in October 2022. Back in October 2025, after a conversation in New York with friends in British politics, my sense of dysphoria was such that I raised the issue of the Bank of England openly in the FT Since 2008, the UK has slid into a deep economic and political predicament. Growth has stagnated to a degree far worse even than in the 1970s. The Tory leadership’s wager on the Brexit referendum spectacularly backfired, leaving the UK isolated from Europe and at the mercy of its special relationship with the US, many of whose political class regard the UK as a basket case. After years of austerity, the Labour party lurched to the left and then back to the centre. The Tory party has been eclipsed by the populist nationalism of Reform. Any British government should be worrying first and foremost about how to restart growth. Instead, Keir Starmer is beset by shades of the gilt market panic triggered by the Liz Truss government in 2022. The debt level is higher than in recent years, but there is no cause for panic. UK debt is at far from critical levels and of long duration. Whether you want to “take back control” or launch progressive economic policy, a democracy dogged by fear of bond market vigilantes is unhealthy. In a country that is a monetary sovereign, this climate points to one thing: a disconnect between the government and the central bank. Since 1997, the independence of the Bank of England has become a sacred cow. But independence is what you make of it. And in the wake of the gilt market crisis of September 2022, relations between the Bank of England and the UK government need a reset. In normal times, there is no doubt that an inflation-targeting independent central bank can serve a country well. But since 2008, the UK and other advanced economies have not had the luxury of such simple problems. To their credit, central bankers around the world have not stood on orthodoxy. After 2008, the US Federal Reserve rescued the global banking system and, through quantitative easing, it stabilised the Treasury market in the face of huge deficits. In Europe, things were trickier. Both the Bank of England under Mervyn King and Jean-Claude Trichet’s European Central Bank played cat and mouse with national governments. This was a high stakes wager that between 2010 and 2012 escalated bond market tension and triggered a disastrous turn to austerity. Shaken by the impact of those shocks, their successors, Mark Carney and Mario Draghi adopted a more protective stance (assuming you were not the government of Greece). Recall that Draghi’s legendary slogan, “Whatever it takes”, was uttered to face down the City of London’s bond vigilantes. In 2015, Draghi launched QE — financial repression by another name. In 2016, Carney used the authority of the Bank of England to stabilise markets following the vote for Brexit, an exemplary demonstration of how central banks can underpin democratic choice, even when those choices are wrong headed. All these were independent central bankers steeped in the best practice of the 1990s, who recognised that historic crises demanded radical action. It was the price surge of 2021-2023 that poisoned the atmosphere. Though the shock came mainly from the supply side, central banks ended up in the dock. Nowhere more so than in the UK. The Bank of England reacted with aggressive normalisation. Faced with a cost of living crisis, the governor called for workers to accept real wage cuts. In early 2022, as gas prices were at record levels and Russia’s army was poised to invade Ukraine, the Bank adopted a stringent programme of quantitative tightening, elevating interest rates. When the Truss government got itself in trouble, the Bank took almost a week to come to the rescue. Rather than enacting a charade of normality, it is time to recognise that in 2025 the UK faces a period of historic transition. To meet this challenge, what is needed is a new concordat with the Bank. This should not ignore inflationary pressures or the long-run trajectory of debt, but should affirm the priority of reviving investment-led growth. One could follow Donald Trump in demanding interest rate cuts. The Bank could shadow the ECB in its commitment to capping Eurozone yields. But the top priority should be to lay the ghost of September 2022. The Bank’s slowing of QT last month was a concession. An immediate and complete end would send the right signal. Such a concordat will not by itself restore sanity to politics, solve the housing problem or rebuild the NHS. But it would help to lift the fear of bond market crisis, which is paralysing the effort by democratic politicians to answer the fundamental questions facing the nation. Now, that call for a new concordat between government and Bank of Englands seems more urgent than ever. The problem is that in October 2025, Starmer still had some authority. Today the government is in tatters. And when you are the “under the harrow” - to echo a phrase of Montagu Norman’s from the 1920s - it is the worst possible time to consider institutional change. To make general arguments at a time of crisis can only seem like special pleading rather than a general argument for long-term change. The same, unfortunately, is also true for the other basic institutional reform that Britain urgently needs i.e. the abolition of the out-dated first past the post electoral system and its replacement by a moderated form of proportional representation. And thirdly - whilst we are saying the quiet parts out loud - Britain needs to reopen the question of EU membership. What the local election results of 2026 show is that this remains a key issue. And what they also show is that there is a clear majority that would favor a return. Until these basic features of Britain’s political economy are addressed the country will carry on its politics as though in a haunted house, governed by governments that lack actual majorities, conjuring up false constraints whilst ignoring the real ones. This one is for DG and MI. I love writing the newsletter. If you enjoy it too and fancy buying me a coffee once a month, you know what to do. Click below! Subscribe
Africa CDC says Ebola outbreak confirmed in Congo's Ituri province
The Africa Centres for Disease Control and Prevention (Africa CDC) said on Friday that there was a confirmed outbreak of Ebola virus disease in Congo's Ituri province.
Hantavirus outbreak tests post-COVID health communications playbook
A rodent-borne virus with a scary name. A mid-ocean cruise ship in quarantine. Several people dead and more falling sick.
Trump and Xi set for second day of talks after Taiwan warning
U.S. President Donald Trump and Chinese President Xi Jinping are set to meet on Friday to wrap up a two-day state visit that has featured pomp and business deals but also a stark warning from Xi that mishandling the Taiwan issue could push U.S.-China relations to a very dangerous place.
Taming UK yields depends on economics not politics
Long-term government borrowing costs above 5% are higher than other developed economies and more sensitive to shocks. It’s tempting to blame political upheaval, but structural factors matter more. The solution is to shrink macroeconomic imbalances and revive capital markets.