Transport Secretary Heidi Alexander has initiated an independent review into the recent air traffic control system malfunction, which led to over 2,000 flight cancellations and significant travel disruption across the UK. She stated the incident was 'avoidable' and that preliminary analysis indicated a data processing issue, not a cyber-attack.
The effective interest rate on US 10-year Treasury bonds climbed to 4.79%, its highest point since January 2025, driven by persistent inflation anxieties and rising oil prices. This increase reflects market skepticism regarding the Federal Reserve's ability to control price surges, with implications for global financial stability.
France has advanced legislation to impose environmental surcharges on 'ultra-fast fashion' items, targeting retailers like Shein and Temu. The proposed fees, which could reach €20 per garment by 2030, aim to mitigate the ecological footprint of cheap, high-volume clothing production and imports.
