The U.S. is intensifying efforts to block Iran's oil trade with China as part of a strategy to cut off the country's primary financial lifeline.

UK borrowing costs hit their highest level since 1998 as global oil prices surge. The rise in yields reflects ongoing market pressure on government debt.

UK government borrowing costs have reached their highest level since 1998, coinciding with a sharp increase in global oil prices.

Brown-Forman shares plunged after the Jack Daniel's maker said it ceased short-lived merger talks with France's Pernod Ricard.

Brown-Forman’s stock plummeted after the Jack Daniel’s whiskey maker announced it ceased short-lived discussions with French counterpart Pernod Ricard about a potential combination.

Germany approves 2027 budget, raising core defense spending to €105.8 billion and allocating €11.6 billion for Ukraine support. Total federal spending for the year is set at €543.3 billion.

The German government has approved its 2027 budget framework, which includes €11.6 billion in aid for Ukraine and an increase in core defense spending to €105.8 billion.

BoC's Macklem warns of possible consecutive rate hikes if energy prices fuel broad inflation. He says if higher energy costs lead to generalized inflation, the policy rate may need to rise consecutively.

Bank of Canada Governor Macklem stated that if higher energy prices start leading to ongoing generalized inflation, the central bank may need to implement consecutive increases in the policy rate.