Fuel Costs

Yields on 10-year debt reach highest since the 2008 financial crisis, raising concerns of faster interest rate risesUK government borrowing costs have risen above 5% amid an intensifying global bond market sell-off fuelled by the Iran war.The yield – or interest rate – on 10-year debt hit its highest level since the 2008 financial crisis, rising 13 basis points to 5.081%, as investors acted on concerns about the economic fallout from the conflict. Continue reading...

Allan Leighton predicts food prices will inevitably rise as group’s full-year profits dive by a third to £764mAsda’s executive chair has called on the government to “stand up and start doing stuff” to support farmers and ease the price of fuel as he warned that food prices would inevitably rise as a result of the conflict in the Middle East.Allan Leighton said farmers were under pressure but the supermarket had so far received “a trickle of requests not an avalanche” of cost price increases from its suppliers, as they were under pressure from higher fertiliser, energy and fuel costs. Continue reading...

Electric buses are just 1% of the Australian fleet compared with 80% in urban China, a quarter in the Netherlands and 12% in the UKFollow our Australia news live blog for latest updatesSign up for climate and environment editor Adam Morton’s free Clear Air newsletter hereAs diesel climbs past $3 a litre amid fuel security concerns, transport advocates are calling for the rollout of electric buses across Australia to be prioritised.In Australia, just 1% of buses are electric, compared with 80% of the urban fleet in China, a quarter in the Netherlands and 12% in the UK. Continue reading...