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• European Central Bank President Christine Lagarde warned of ongoing inflation risks, triggering a selloff in European bonds. • Bond yields reached multi-year highs as investors reacted to Lagarde's comments and rising energy prices. • Higher bond yields increase borrowing costs for governments and businesses across Europe.

• Eurozone bond yields have surged to multi-year highs as the European Central Bank raises interest rates and inflation forecasts, with Thursday's sharp rise affecting government borrowing and mortgage costs. • The gap between French and German 10-year bond yields has risen to its highest since 2012 at more than 90 basis points, a measure of the risk premium attached to French debt. • This increase will be felt throughout economies and markets, potentially making stocks less appealing and increasing costs for governments and individuals.

• Eurozone bond yields have risen to multi-year highs as the European Central Bank signals a rate hike cycle, which will increase borrowing costs for governments and individuals. • The gap between French and German 10-year bond yields has widened to over 90 basis points, its highest level since 2012, indicating a higher risk premium for French debt. • This surge in bond yields will raise costs on government borrowing and mortgages, potentially making stocks less appealing to investors and affecting economies throughout the euro zone.

Despite falls in some parts of the market, prices are showing signs of stabilising as investors exit and first-time buyers move in, analysts sayGet our breaking news email, free app or daily news podcastHigh-end homes are recording steep price falls, while more affordable properties are proving resilient, leaving Australians to experience the market downturn in very different ways, new data shows.Upper-quartile house values in the country’s two biggest markets, Sydney and Melbourne, are now down more than 10% from their peaks, according to analysis from Cotality. Continue reading...

The former National Socialist Network is challenging ban in high court, arguing law breaches implied freedom of political communicationFollow our Australia news live blog for latest updatesGet our new political email, free app or daily news podcastThe White Australia party is a “modern manifestation” of Adolf Hitler’s Nazi movement and would motivate hate crimes against sections of the country, the high court has heard.The White Australia party, formerly known as the National Socialist Network (NSN), was designated as an illegal hate group in May after the Australian Security and Intelligence Organisation (Asio) passed on its recommendation to the home affairs minister, Tony Burke. Continue reading...

• Nepal faced Hong Kong, China in the final of the Asian Games Men's T20I Qualifier for 2026. • Hong Kong, China set a target of 188/7, while Nepal reached 114/2 after 11.3 overs. • Rohit Paudel contributed 35 runs from 24 balls to Nepal's effort in this qualifying match.

Lawyers also argue commonwealth does not have the power to ban a political party, as the high court ruled in 1951 over attempt to ban the Communist partyFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastLawyers for an outlawed neo-Nazi political party have argued anti-hate laws passed after the Bondi terror attack rely on the opinion of a politician and are “authoritarian in nature”.The White Australia party, formerly known as the National Socialist Network (NSN), was designated as an illegal hate group in May after the Australian Security and Intelligence Organisation passed on its recommendation to the home affairs minister, Tony Burke. Continue reading...