The United Kingdom’s borrowing costs have reached a post-election record high as the government prepares for reevaluation of its fiscal strategies, coinciding with the announcement of the upcoming budget by the new Chancellor.

Volkswagen is planning to close three factories in Germany, prompting strong opposition from unions and raising concerns over potential job losses.

The rise in trade barriers is causing concern among policymakers about the potential impact on global economic recovery, with political risks and tariff plans creating uncertainty.

The European Union is preparing for the potential implications of another Trump victory, focusing on the bloc’s vulnerabilities, financial aid to Kyiv, and tariff concerns, while officials express significant apprehension about future developments.