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Labour's rate timebomb... and the one Reform policy Burnham should steal: ALEX BRUMMER

Prime Minister Andy Burnham (pictured) may not want to be in hock to the bond markets, but it is impossible to ignore them at present.

Labour's rate timebomb... and the one Reform policy Burnham should steal: ALEX BRUMMER

We haven't written up this one. This Is Money has the full story — the link below goes straight to it.

Read the original at thisismoney.co.uk →

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Baltic dry bulk index falls to lowest level since July 31

The Baltic Exchange’s dry bulk sea freight index dropped on Tuesday, ending a two-session rise and reaching its lowest point in more than two weeks as rates for capesize and panamax vessels declined.

  • Baltic dry bulk index drops to lowest level since July 31
  • Capesize index falls 138 points, reaching 2,815
  • Panamax index declines 51 points, hitting lowest since August 3

The global diesel crunch: Russia’s refinery crisis meets Middle East turmoil

The global refined products market is being squeezed by two major disruptions occurring simultaneously. In the Middle East, the escalation of the US-Iran conflict and the effective closure of the…

  • Russia's refinery output drops to 3.8 mbpd in June, halving diesel exports
  • US-Iran conflict and Strait of Hormuz closure limit global crude feedstock
  • Russia bans diesel exports until end of 2026, seeking motor fuel imports

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