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Britain's Borrowing Outlook Darkens As Energy Shock Deepens

Britain's Borrowing Outlook Darkens As Energy Shock Deepens Via City AM, The OBR says it underestimated the fiscal damage from the 2022 energy shock and will apply those lessons to the latest Middle East-driven price surge. Higher oil and gas prices could increase UK borrowing through debt interest, welfare payments, and pressure on departmental budgets. The Bank of England has warned that a severe energy shock could push inflation above 6% and force tighter monetary policy. Chancellor Rachel Reeves has been warned that government borrowing is set to spike as a result of the Iran...
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May 27, 2026 / Tyler Durden
Trump Backs CFTC Authority Over Prediction Markets
Trump Backs CFTC Authority Over Prediction Markets Authored by Brayden Lindrea via CoinTelegraph.com, US President Donald Trump has backed the Commodity Futures Trading Commission as having the “exclusive authority” over prediction markets, as state regulators' action against the platforms mounts. “It is critically important that the CFTC’s exclusive authority over Prediction Markets is maintained, and that they will thrive,” Trump posted to his social media platform Truth Social on Tuesday. Trump also took aim at several officials whose states have launched legal action against prediction markets, including Kalshi, Polymarket, Crypto.com and Robinhood. “Under my leadership, we...
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Apr 2, 2026 / Tyler Durden
Iran To Attack Logistical Hubs In Israel, Gulf After Its Tallest Bridge Destroyed
Iran To Attack Logistical Hubs In Israel, Gulf After Its Tallest Bridge Destroyed Earlier we reported there are signs that the US and Israel are expanding attacks on Iran civilian infrastructure, after reports emerged Thursday that fresh airstrikes hit a highway bridge connecting Tehran and Karaj, according to Fars News Agency. Several people were injured, and multiple areas of Karaj were also struck. The bridge was actually just constructed, having been inaugurated earlier this year. Fars identified it as the B1 bridge, dubbed the highest bridge in the Middle East. Tehran also...
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