Fears grow that Tehran may start activating sleeper cells across Middle East as part of war with US and Israel Middle East crisis – live updates Gulf countries have raised concerns over the prospect of attacks by Iran-backed militias and proxy armed groups in the region, which they fear could destabilise their regimes and escalate the war in the Middle East. In a joint statement this week, Qatar, ...
Fears grow that Tehran may start activating sleeper cells across Middle East as part of war with US and Israel Middle East crisis – live updates Gulf countries have raised concerns over the prospect of attacks by Iran-backed militias and proxy armed groups in the region, which they fear could destabilise their regimes and escalate the war in the Middle East. In a joint statement this week, Qatar, Kuwait, the United Arab Emirates, Bahrain, Saudi Arabia and Jordan condemned Iranian attacks on their soil, both as strikes carried out directly from Iran and “through their proxies and armed factions they support in the region”. Continue reading...
Turkish immigrants to Germany in the 60s were seen as temporary labour, not people. Today’s government in Berlin is at risk of repeating the mistake A few weekends ago, I went to the flea market in Bomonti, a neighbourhood on the European side of Istanbul. I go there regularly, and over the years I’ve accumulated a small collection of things: embroidered napkins, records, old issues of House & Gar...
Turkish immigrants to Germany in the 60s were seen as temporary labour, not people. Today’s government in Berlin is at risk of repeating the mistake A few weekends ago, I went to the flea market in Bomonti, a neighbourhood on the European side of Istanbul. I go there regularly, and over the years I’ve accumulated a small collection of things: embroidered napkins, records, old issues of House & Garden, earrings, candle holders. It is usually on the days when you are not looking for anything in particular that you find the most interesting things – or, as the Turkish writer Sabahattin Ali once wrote, “some things we never know we need until we find them”. That particular Sunday, strolling through the stalls, I came across a book from 1965 titled Türkler için Almanca – Deutsch für Türken (German for Turks). It was among the first language textbooks of its kind, widely distributed to the so-called Gastarbeiter – “guest workers” – who came to West Germany in the 1960s and 70s. The economic boom of the 1950s had created an acute labour shortage, prompting the recruitment of workers from abroad. A bilateral agreement with Turkey, signed in 1961, facilitated the arrival of hundreds of thousands of Turkish men and women to come and work in German factories. Officially, their stay was meant to be temporary. Workers came alone; families stayed behind. A copy of the language book I found 60 years later at a flea market in Istanbul would have been in the suitcases of many of these workers. Carolin Würfel is a writer, screenwriter and journalist who lives in Berlin and Istanbul. She is the author of Three Women Dreamed of Socialism Continue reading...
️ Updates from qualifying in Suzuka; start: 6am GMT ️ Preview piece link | Follow us on Bluesky | Mail Philip Plus ça change, plus c’est la même chose ? George Russell may hope not. The comprehensive changes in Formula One’s regulations mean 2026 is very different to 2025 in many regards, but a similarity between the results of the first two grands prix this year and last could hint at one endurin...
️ Updates from qualifying in Suzuka; start: 6am GMT ️ Preview piece link | Follow us on Bluesky | Mail Philip Plus ça change, plus c’est la même chose ? George Russell may hope not. The comprehensive changes in Formula One’s regulations mean 2026 is very different to 2025 in many regards, but a similarity between the results of the first two grands prix this year and last could hint at one enduring echo of the previous campaign. Continue reading...
Political veteran says she faced ‘French misogyny and machismo’ while making Paris greener and more peaceful On a sunny spring morning, the highway along the right bank of the Seine is packed with joggers, cyclists, families out for a stroll, roller skaters, dog walkers, picnickers and others taking the air. In a few months, sand will be spread along a stretch to create the annual artificial Paris...
Political veteran says she faced ‘French misogyny and machismo’ while making Paris greener and more peaceful On a sunny spring morning, the highway along the right bank of the Seine is packed with joggers, cyclists, families out for a stroll, roller skaters, dog walkers, picnickers and others taking the air. In a few months, sand will be spread along a stretch to create the annual artificial Parisbeaches, enjoyed by all but especially city dwellers struggling to make ends meet and unable to afford the real thing. Continue reading...
(RTTNews) - Bank of America agreed to resolve litigation by paying $72.5 million in connection with claims that it maintained ties with individuals close to Jeffrey Epstein and failed to properly monitor suspicious financial activity, according to several media reports.
(RTTNews) - Bank of America agreed to resolve litigation by paying $72.5 million in connection with claims that it maintained ties with individuals close to Jeffrey Epstein and failed to properly monitor suspicious financial activity, according to several media reports.
Southeast Asian countries are racing to assert control over their data flows, driven by a potent mix of nationalist sentiment and security anxieties. But analysts warn that while certain measures may deliver domestic economic benefits, the broader push risks undermining innovation, deterring foreign investment and even cutting the region off from the global digital economy. On March 1, Vietnam bec...
Southeast Asian countries are racing to assert control over their data flows, driven by a potent mix of nationalist sentiment and security anxieties. But analysts warn that while certain measures may deliver domestic economic benefits, the broader push risks undermining innovation, deterring foreign investment and even cutting the region off from the global digital economy. On March 1, Vietnam became the first Southeast Asian nation to have in force a comprehensive law on artificial...
Torsten Asmus/iStock via Getty Images By Jennifer Nash The yield on the 10-year note finished March 27, 2026, at 4.44%, the highest level since July 2025. Meanwhile, the 2-year note ended at 3.88%, and the 30-year yield ended at 4.98%. The chart below overlays the daily performance of several Treasury bonds, starting from the pre-recession equity market peaks, along with the Federal Funds Rate (FF...
Torsten Asmus/iStock via Getty Images By Jennifer Nash The yield on the 10-year note finished March 27, 2026, at 4.44%, the highest level since July 2025. Meanwhile, the 2-year note ended at 3.88%, and the 30-year yield ended at 4.98%. The chart below overlays the daily performance of several Treasury bonds, starting from the pre-recession equity market peaks, along with the Federal Funds Rate (FFR) since 2007. This next table shows the highs and lows of yields and the Federal Funds Rate since 2007. A Long-Term Look at the 10-Year Treasury Yield Here is a long-term view of the 10-year yield starting in 1965, well before the 1973 oil embargo that triggered the era of 'stagflation' (economic stagnation coupled with inflation) Inverted Yield Curve An inverted yield curve is when longer-term Treasury yields are lower than their shorter-term counterparts. The next chart displays the latest 10-2 spread. Typically, the spread turns negative for a period before rising again prior to recessions, as illustrated in the four recessions shown on this chart. For this reason, the 10-2 spread is widely considered a reliable leading indicator for recessions. The lead time between a negative spread and the onset of a recession varies, with recessions beginning anywhere from 18 to 92 weeks after the spread goes negative. One false positive is seen in 1998, where the spread briefly went negative without leading to a recession. In the case of the 2009 recession, the spread went negative multiple times before rising again. Most recently, the spread was continuously negative from July 5, 2022, to August 26, 2024. The last time the spread was negative was on September 5, 2024. If we consider the first negative spread date as the starting point, the average lead time to a recession is 48 weeks, or about eleven months. If we instead use the last positive spread date before a recession, the average lead time is 18.5 weeks, or about 4.25 months. For another perspective on the yield curve, the ...