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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Cristiano Ronaldo signs $700 million deal with Al Nassr
Cristiano Ronaldo has signed a groundbreaking $700 million contract with Saudi Arabian club Al Nassr, which includes extraordinary perks such as private jets, 16 personal staff, and a significant ownership stake in the club. This deal, touted as the largest in sports history, allows Ronaldo to retain more earnings due to Saudi Arabia's lack of income tax, setting a new precedent for athlete compensation. Explain It To Me Like I'm 5: Cristiano Ronaldo's groundbreaking $700...
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