U.S. Treasury yields have climbed to around 5% as oil prices surge above $108 a barrel amid escalating Middle East attacks. The rise is feeding inflation concerns and increasing expectations of further central bank rate hikes.
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Prince Harry and Meghan have moved Archie and Lilibet to a new school days after term began, citing security concerns tied to the school run. A review of the family’s publicly funded security is expected after their return to live in the U.K.
Congress is poised to recess without passing AI safeguards as lawmakers, tech figures and candidates debate how quickly Washington should act. President Trump and Speaker Mike Johnson have warned against rushing regulation, while Democrats and Sen. Bernie Sanders are pressing for stronger limits.
Delaware voters are casting ballots in the final state primaries before the 2026 midterms, with Sen. Chris Coons and Rep. Sarah McBride favored in Democratic-leaning races. Coons faces three Democratic challengers, including former Republican nominee Eric Hansen, listed on the ballot as “E. No-Trump Hansen.”
The full new UK state pension is expected to rise by 3.9% next April, taking it above £13,000 a year. The increase has revived debate over the triple lock’s cost and whether pensioners relying only on the state pension will face tax.
NATO fighter jets shot down a drone over Lithuania after it entered from the direction of Belarus, Lithuanian officials said. Authorities are examining the wreckage to determine the drone’s origin, purpose and whether it was armed.
The Defense Department inspector general said the war with Iran has cost an estimated $33.4 billion through June 30 and created strategic munitions shortfalls. The report also detailed extensive damage to U.S. aircraft, drones, bases and diplomatic facilities across the region.
California Gov. Gavin Newsom told CNN he would not seek the 2028 Democratic presidential nomination if former Vice President Kamala Harris runs. He said a contest between the two California Democrats would create “mutual assured destruction” and serve “no greater good.”