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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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Jul 9, 2026 / Jason Ditz
Lebanese Government Remains Split on Israel Deal, Hezbollah Predicts It Will Fail
High-profile protests over the Israel-Lebanon framework agreement reached late last month were initially dismissed by officials as primarily Hezbollah playing a spoiler, but substantial political opposition continues over what is being termed an “unenforceable” and potentially unconstitutional agreement. Hezbollah leader Naim Qassem is now predicting that framework agreement will totally fail to get parliamentary support, […]
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Feb 25, 2026 / Dave DeCamp
Cuba Says It Killed Four People Who Opened Fire From a US-Registered Speed Boat
The Cuban government said on Wednesday that its coast guard killed four people who opened fire from a US-registered speedboat that entered Cuba’s territorial waters, an incident that comes amid a ramped-up US oil embargo on the country that’s meant to bring about regime change. The Cuban Interior Ministry said in a statement that the […]
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Jun 12, 2026 / Tyler Durden
Federal Government Pauses Funding To Los Angeles Homeless Agency Citing Fraud Allegations
Federal Government Pauses Funding To Los Angeles Homeless Agency Citing Fraud Allegations Authored by City News Service via The Epoch Times, The U.S. Department of Housing and Urban Development (HUD) on June 11 suspended federal funding to the Los Angeles Homeless Services Authority (LAHSA), cutting off millions of dollars to the L.A. region, over allegations of fraud and widespread mismanagement. HUD Secretary Scott Turner testifies before the Senate Appropriations Subcommittee on Transportation, Housing and Urban Development about his department's proposed FY2026 budget in the Dirksen Senate Office Building on Capitol Hill in...
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