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Rolling coverage of the latest and economic news, as US sells 30-year bonds at highest borrowing costs since 2001Gennadiy Goldberg, head of US rates strategy at TD Securities, agrees that the rise in US borrowing costs is “problematic” for the Trump Treasury, adding (via the FT):“They have to fund the government at more expensive levels.”“Investors are being asked to absorb a growing supply of government debt globally at a time when deficits remain large, inflation uncertainty persists

From chefs to paramedics, workers tell the Guardian how they are coping and unions outline the changes needed in the workplaceIn the sweltering kitchen of the Plimsoll pub in north London, the head chef, Joshua Swinney, has a frozen tea towel wrapped around his neck to combat the heat.As temperatures exceeded 35C (95F) in the capital, workers who were not lucky enough to be in air-conditioned offices sweltered in the heat. Continue reading...

Pilot scheme will provide three weeks of training as part of UK government’s latest attempt to address Neets crisisYoung people out of work or at risk of unemployment in the UK are to join “AI boot camps” where they harness the technology to get a foothold in the workplace.The government’s latest attempt to address the crisis in Neets – young people not in work or education – involves turning to a technology that many view as a potential threat to employment. Continue reading...

This summer’s extreme weather and wars in Iran and Ukraine have made our need for food stockpiles more pressing than everWhen a business makes long-term plans, they call it prudence. When a government makes long-term plans, they call it communism. Any sustained state intervention attracts the prefix “Soviet-style”, and triggers vicious attacks across the billionaire media. So governments have developed a bias against long-term thinking. This may explain why we no longer maintain strate

Many of those affected in England and Wales think offences are not treated with the seriousness they deserve, says commissionerBereaved families or seriously injured victims of road crime feel “forgotten by the system” with offences not treated with the seriousness they deserve, an official review has found.The victims’ commissioner for England and Wales found that many of the thousands afflicted each year by criminal driving felt that “the harm they had suffered mattered less” than th

A cheap currency helps finance the US tech boom. Washington is intervening because allies matter only when they are usefulJapan’s yen has slid back towards 160 to the dollar, despite last month’s extraordinary US-Japanese intervention. Traders are betting that its role as a cheap funding pipeline for global finance will continue. Earlier this month the Trump administration stepped in to help Tokyo stabilise its currency. “Japan’s been very good to us, with the exception,

The prime minister’s money-saving policies are popular but they are yet to convince voters he can take on the big thingsIt was last year that Martin Lewis, the money-saving guru, advised the government to find “100 small things that piss people off” and set about sorting them out.That approach has been adopted almost immediately by Andy Burnham since entering office, as he began his programme of “everyday fixes” to tackle problems that can be dealt with through minor policy tweaks. Con

Too many shops are blighting too many communities. With the rule change I fought for now on the horizon, ordinary people can fight back How much gambling do you want in your high street? Are you happy with all the betting shops, the problems they cause, the effect on your environment?It’s worth asking because for years, local councils have been expected to say yes to new gambling venues, even when communities made clear they did not want them. Now, under new rules announced on Monday,

No, Amazon, I do not want to buy another version of the thing I just bought, or any other random object I don’t recognise or understandWe live, as I’m sure someone’s chief growth officer has recently boasted on an earnings call, in a golden age for data capture. Jeff Bezos knows what I buy, read and watch; Mark Zuckerberg will be aware that I recently sold a car transport box for a medium-sized dog. I’ve been ruthlessly conditioned into clicking Accept All Cookies every time I want to

While some users say the wearables have changed their lives, critics voice fears over safety and privacyWith more than 7m pairs reportedly sold in 2025, Meta’s Ray-Ban smartglasses are fast becoming one of the world’s most popular gadgets.While supporters say they are transformin

Watchdogs say adverts in London tube stations broke its rules with ‘realistic impression of a dead child’ Warning: graphic imageFilm posters for The Mummy have been banned from outdoor public display in the UK because they include realistic depictions of a dead child.The UK’s Advertising Standards Authority (ASA) received 30 complaints over the promotional campaign in London tube stations for the new Lee Cronin film. Continue reading...

Union exploring options to oppose program that would put US airport screening into hands of private contractors The labor union representing workers at the Transportation Security Administration (TSA) is raising alarms over a new program that will expand privatizing security checkpoints at three airports.The agency informed the union last month of plans to enact the TSA Gold+ program, which would shift security and control of the screening technology into the hands of private contracto