British Liberals Cheer Migrant Camps In Villages... As Long As It's Not Their Villages

Japanese Bond Yields Surge To 30 Year High On Report Tokyo May Hike Defense Spending To 3.5% Of GDP Just in case Japan's bond yields weren't high enough already, Bloomberg reports that Japan is considering a new mid-term defense spending target of 3.5% of GDP in line with NATO and other US allies. Such a move would send a shockwave through financial markets concerned about Prime Minister Sanae Takaichi’s spending plans at a time when Japan is preparing to trim tax receipts even more by cutting consumption tax to 1%. Japanese defense officials...

Panama Canal Fees Hit Record As El Nino, Hormuz Crisis Choke Global Shipping Panama Canal transit auction prices have surged to record highs this summer as an intensifying El Niño and disruptions in the Strait of Hormuz upend global shipping routes.  A Bloomberg report Friday morning said a supertanker paid a record $4.6 million at auction to bypass the growing queue and secure an earlier transit slot next week. The spike in canal fees and vessel wait times threatens to further raise freight costs, reinforcing growing concerns about inflationary pressures across...

Chinese Coast Guard personnel and Philippine sailors clashed with oars and sticks from small boats near the disputed Second Thomas Shoal in the South China Sea on Monday, with the two sides blaming the other for the incident. The confrontation occurred near the BRP Sierra Madre, a dilapidated World War II-era ship that the Philippines […]