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Rise in bond yields due to fuel prices and stability concerns will eat away at Rachel Reeves’s fiscal headroomBusiness live – latest updatesThe UK government’s long-term borrowing costs have hit their highest level since 1998, amid rising fuel prices and concerns about political stability.The yield – effectively the interest rate – on 30-year UK government bonds (gilts) hit 5.76% at lunchtime on Tuesday, up 0.11 percentage points – exceeding the 27-year high reached last autumn. Continue reading...

Analysts say Americans have now paid $21.7bn more to fill their tanks since the start of the US war on IranExxon and Chevron quarterly earnings fall despite soaring oil pricesSign up for the Breaking News US newsletter emailThe average price for a gallon of gas in California rose to $6 this week as fuel prices across the US reached their highest level in almost four years.The American Automobile Association reported on Friday that California consumers were paying an average of $6.06, while the national average hit $4.39. The Golden state is the most expensive US market for gas but costs have also risen nationally with a 27-cent rise this week following two weeks of falling prices, AAA said in a statement. Continue reading...

Oil prices surged after negotiators remained gridlocked over reopening of strait of Hormuz, sending prices $1 higher than last yearUS gas prices rose to their highest level in four years on Thursday, reaching an average $4.18 a gallon at the pump as US-Israeli peace talks with Iran remain at a standstill.The last time average US gas prices breached $4.15 a gallon was in April 2022, when oil prices soared shortly after Russia invaded Ukraine. Average gas prices are now $1 higher than just a year ago, when they were closer to $3.15 a gallon. Continue reading...

Resolution Foundation report says ‘crisis’ stems from rising ill-health and a failing system of benefits and job supportBritain has the third-highest rate of young people not in work or education among Europe’s richest countries because of rising ill-health and a failing system of benefits and job support, a report has warned.The Resolution Foundation thinktank said the UK was facing a “crisis” in youth jobs amid a dramatic rise in the number of 16- to 24-year-olds who are not in education, employment or training (Neets) to almost 1 million – the highest level in more than a decade. Continue reading...

Greens criticise premier’s ‘extraordinary attack’ on judiciary and urge him to accept he ‘got it wrong’Get our breaking news email, free app or daily news podcastThe New South Wales premier has doubled down on an anti-protest law struck down in the state’s highest court last week, defending the legislation introduced by his government as “rational and proportionate”.But advocates for protesters charged at demonstrations restricted under the laws have criticised Chris Minns’ comments, calling them a “extraordinary attack” on the judiciary. Continue reading...

• CDC data indicates 71 per 100,000 emergency room visits for tick bites in the most recent week, highest in Northeast followed by Midwest, Southeast, West, and South Central. • Rising tick activity signals increased Lyme disease and other vector-borne risks as warmer weather extends season. • Public health experts warn of prevention needs amid Northeast ER surge.

• California has recorded at least 40 measles cases so far in 2026, surpassing the 25 cases of all 2025 and the highest annual total since 73 in 2019. • San Francisco confirmed its first measles case in 7 years in an unvaccinated infant under 1 year old, infected during international travel and recovering at home. • Outbreaks linked to unvaccinated travelers from South Carolina's 1,000-case surge and other states, with exposures at Sacramento preschools, San Bernardino, San Diego ER, and Bay Area sites.