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UK central bank has left rates on hold, and warned that CPI inflation will be higher in the near term as a result of the ‘new shock to the economy’ from Middle East crisisWhy are mortgage rates going up when the Bank of England base rate hasn’t changed?Fed holds interest rates steady as Iran war drives up oil prices and inflation fearsMiddle East crisis live: Trump threatens to ‘blow up’ entire South Pars gasfield if Iran strikes QatarEuropean stock markets have dropped sharply at the start of trading, hit by worries about surging energy prices.In London, the FTSE 100 blue-chip

Anger grows after a closed-door briefing from attorney general where she refused to commit to testify under oath despite subpoenaDemocrats walk out in protest at Epstein briefing from BondiSign up for the Breaking News US email to get newsletter alerts in your inboxHello and welcome to the US politics live blog.Furious Democratic lawmakers have moved to impeach attorney general Pam Bondi after walking out of a closed-door briefing about the Jeffrey Epstein files on Wednesday.We asked her multiple times, are you going to come and speak with us under oath? She would not say yes. Filibuster, filibuster, filibuster, would not

Hungarian PM, who is facing an upcoming election, appears in no mood to compromise as EU leaders meet in Brussels this morningEU leaders are meeting in Brussels this morning for what was meant to be a discussion on the bloc’s competitiveness and economy, but “events, my dear boy, events” mean they will have to focus on Hungary’s ongoing spat with Ukraine and the Middle East instead.Less than four weeks before a key parliamentary election in Hungary, Viktor Orbán will once again come under pressure to unblock the EU’s €90bn loan to Ukraine, which he is blocking over a dispute about

Increased output from wind generation and batteries, and falling electricity contract prices, are expected to deliver lower energy billsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastPower prices on Australia’s east coast are predicted to fall from July because of increased output from wind generation and batteries, and falling electricity contract prices, with potential savings up to $1,320 for some small businesses.In a draft decision on Thursday, the Australia Energy Regulator (AER) proposed a price reduction for customers on standing electricity plans – known as the “default market offer” –