What rising UK bond yields really mean for your savings, mortgage and pension

The Independent - Oct 8, 2026

Bond markets are constantly in motion but most people have no idea how they affect their day-to-day finances

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White House official accuses S. Korea of flooding US with subsidized steel
Oct 9, 2026

White House official accuses S. Korea of flooding US with subsidized steel

WASHINGTON — A White House official on Thursday accused South Korea of flooding the U.S. market with heavily subsidized steel products and Chinese steel shipped through the country, warning that Washington is taking action to crack down on such purported measures. "South Korea is inundating the U.S. with highly subsidized steel and steel transshipped from China," Peter Navarro, White House senior counselor for trade and manufacturing, wrote on social media platform X. "We are cracking down," he added, while sharing a video clip of him speaking with reporters earlier this week on U.S. trade. In the news video clip from Tuesday, Navarro said he wants to "call out" in particular South Korea for "inundating" the American market with highly subsidized Korean steel and transshipped steel from China. "Even though we have very high tariffs, 50 percent on steel, they are blowing past that because they cheat, and we're gonna be doing something about that." Foreign steelmakers in the U.S. face tariffs under Section 232 of the Trade Expansion Act of 1962, which allows the U.S. president to adjust i

US freezes green card applications from Microsoft, major IT firms over alleged fraud
Oct 9, 2026

US freezes green card applications from Microsoft, major IT firms over alleged fraud

WASHINGTON — The Trump administration froze on Thursday some green-card filings by Microsoft, Adobe and major IT outsourcers and opened probes into nine top universities, widening a visa crackdown it says targets fraud and protects American jobs. The twin actions mark the broadest strike yet against skilled-worker immigration programs — potentially cutting off a common path to permanent residency for foreign tech workers — while putting some of the country's top research universities on notice. "There has been no company in the United States, unfortunately, that has abused the system more than Microsoft," Vice President JD Vance said. He said the company laid off 6,000 American workers last year while benefiting from 6,300 H-1B temporary worker visas and nearly 3,000 green cards. The announcement about the permanent labor certification process — PERM — came hours before Trump was due to give Microsoft CEO Satya Nadella the National Medal of Technology and Innovation. Under PERM, required for most employment-based green cards, employers must show that hiring a foreign worker wi

US keeps S. Korea in Tier 1 group for human trafficking elimination efforts for 3rd straight year
Oct 9, 2026

US keeps S. Korea in Tier 1 group for human trafficking elimination efforts for 3rd straight year

The U.S. State Department has kept South Korea in the highest tier of countries in terms of anti-human trafficking efforts for the third consecutive year, while maintaining North Korea in the lowest category over state-sponsored forced labor practices, a department report showed Thursday. The department released the 2026 Trafficking in Persons Report, where South Korea was listed in the Tier 1 group of 33 countries and territories, including the United States, Britain, Taiwan, France, Germany, Australia, Singapore, Israel and Denmark. In its tier placement, the report cited various efforts by Seoul, including increasing investigations and convictions, updating guidelines to provide potential victims with access to emergency support among other efforts. "The government continued to demonstrate serious and sustained efforts during the reporting period. Therefore, the ROK remained on Tier 1," the report said, referring to South Korea's official name, the Republic of Korea. However, the report also noted that weak sentencing undermined accountability for traffickers in South Korea, while con

Will Nobel Peace Prize pick make waves at the White House?
Oct 9, 2026

Will Nobel Peace Prize pick make waves at the White House?

OSLO — The winner of the Nobel Peace Prize will be announced Friday in Oslo, with much of the attention this year centered on how US President Donald Trump, eager to win it himself, will react. The laureate will be revealed at 11:00 am (0900 GMT) at the Nobel Institute in Oslo. In a world ravaged by conflicts and crises, 287 individuals and organizations have been nominated for the ultimate diplomatic and humanitarian accolade this year. Their identities are kept secret for 50 years, leaving Nobel watchers guessing about who will get the nod. The only thing experts agree on is that the winner will not be Trump, despite his -- unsubstantiated -- claims of having ended up to eight wars, and his assertion that he is the most deserving candidate. "They have a reputation for maybe not giving it to people like me... and I think it would be a great discredit to them," Trump said on Wednesday. "And I'm not saying that out of scorn." In Oslo, the US president is generally considered disqualified due to his war against Iran, his territorial expansion ambitions as in Greenland, his hard line on mig

Russian strike on Ukrainian public buses kills 30 people as blackouts worsen in Kyiv
Oct 9, 2026

Russian strike on Ukrainian public buses kills 30 people as blackouts worsen in Kyiv

KYIV, Ukraine — A Russian-guided bomb exploded next to public buses filled with passengers in eastern Ukraine, authorities said Thursday, killing 30 people as part of a wave of attacks that also worsened power outages in the capital. The morning attack occurred next to a bus stop in the war-torn city of Kramatorsk in Ukraine’s Donetsk region, prompting public transport to be suspended in the area. “There is no doubt that Russia is cynically targeting civilians,” Oleksandr Honcharenko, head of the city's military administration, said, adding that the rescue effort had been hampered by subsequent Russian attacks using small drones. Russia and Ukraine are locked in a long-range aerial war while their armies remain largely deadlocked on the front line, more than 4 1/2 years since Moscow’s full-scale invasion. Russia has escalated its aerial attack in recent weeks, putting pressure on Ukraine as it prepares for winter and hitting the infrastructure keeping its war-battered economy afloat. Recent targets have included energy systems, key industries, railways, post offices, shopping

Trump targets Microsoft, tech firms, top universities over alleged green card abuse
Oct 9, 2026

Trump targets Microsoft, tech firms, top universities over alleged green card abuse

Trump targets Microsoft, tech firms, top universities over alleged green card abuseUS President Donald Trump's administration has suspended Microsoft and several other technology companies from a US green card programme over allegations of fraud and misuse of foreign worker visas.US Vice President...

Aurora australis could light up parts of Australia tonight. Here's how to get the best view
Oct 9, 2026

Aurora australis could light up parts of Australia tonight. Here's how to get the best view

A rare flyover also gives some Australians another reason to look up tonight.

Crazy Rich Asians returns as HBO series with Michelle Yeoh, Henry Golding, Ronny Chieng and Constance Wu
Oct 9, 2026

Crazy Rich Asians returns as HBO series with Michelle Yeoh, Henry Golding, Ronny Chieng and Constance Wu

The eight-episode series will pick up after the events of the 2018 Singapore-set romantic comedy, with production beginning in 2027.

Pacific storm strengthens into a hurricane far off the coast of Mexico
Oct 9, 2026

Pacific storm strengthens into a hurricane far off the coast of Mexico

The National Hurricane Center says Tropical Storm Simon has strengthened into a hurricane in the Pacific

Hurricane Isaias could approach Category 3 threatening Gulf Coast with flooding
Oct 9, 2026

Hurricane Isaias could approach Category 3 threatening Gulf Coast with flooding

he Category 2 hurricane had sustained winds of 100 mph as of Thursday evening, according to the National Hurricane CenterHurricane Isaias could strengthen overnight as it moves across unusually warm Gulf waters towards the US Gulf Coast, with landfall expected early on Saturday.According to CNN,...

Pakistan Set For Major Change? Asim Munir Reportedly Plans To Split Four Provinces Into Smaller States
Oct 9, 2026

Pakistan Set For Major Change? Asim Munir Reportedly Plans To Split Four Provinces Into Smaller States

There is an administrative argument for the proposal, given the vast differences in the size and population of Pakistan's four provinces.

Public executions in the US were once a community spectacle and then they stopped
Oct 9, 2026

Public executions in the US were once a community spectacle and then they stopped

For about nine decades, executions in the U.S. have been private affairs

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