FT News Briefing UK Budget spooks bond markets
5 snips
Nov 1, 2024 Barney Jopson, the Financial Times' Spain and Portugal correspondent, dives into Spain's rapid economic growth, highlighting how it's set to become the world's fastest-growing advanced economy. He discusses the role of foreign investment, immigration, and tourism in this boom. The conversation also touches on the geopolitical tension with North Korea's potential combat support for Russia and its implications for Europe. Jopson provides insight into the lessons Spain's recovery can offer to the struggling Eurozone.
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Apple's AI Success
- Apple reported a 6% rise in quarterly revenue, driven by new AI features.
- Customers embraced these features, downloading the latest update twice as fast as last year's.
UK Bond Market Jitters
- UK borrowing costs hit their highest level this year due to investor concerns about Labour's new budget.
- The increased borrowing outlined by Chancellor Rachel Reeves has spooked the bond market.
North Korean Troops in Ukraine
- 8,000 North Korean troops have been deployed to Russia's Kursk region.
- This marks the first time a foreign military has joined the conflict, raising alarms for Ukraine.