The rise in U.K. government bond yields following the Labour government’s budget plan in October has raised concerns, with borrowing costs reaching decade highs. The potential for public spending cuts or tax increases became more prominent as 30-year gilt yields hit their highest level since 1998, while 2-year and 10-year yields also saw significant increases. Investor confidence in the U.K. waned further as sterling fell to its lowest level against the U.S. dollar since November 2023.
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‘I stepped on board the Titanic and saw a different side to the sinking’
A new immersive virtual reality experience titled "Titanic: Echoes of the Past" allows users to explore a detailed recreation of the Titanic, highlighting both its grandeur and the tragedy of its sinking in 1912. The experience begins on a modern research vessel, leading participants 12,500 feet below the ocean to view the wreckage while narrating the stories of passengers, including William Harbeck, a cinematographer who perished during the disaster. The VR simulation emphasizes the diversity...
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