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10 stories · 15 sources · 5 minute read
French borrowing costs hit 2002 highs and PHP security flaws trigger site outages. 10 stories in today's brief
The US State Department has ordered non-emergency government staff and family members to leave Saudi Arabia due to escalating Houthi attacks. Recent strikes on an airport and an oil field killed three people.
Rising regional tensions and attacks in Saudi Arabia prompted a crude oil price increase, with Brent rising to around $110 a barrel.
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French borrowing costs reached a 24-year high as the yield on benchmark 10-year government bonds passed 5%. Investors are reacting to political uncertainty, civil unrest, and the government's failure to pass a budget.
Higher yields increase borrowing costs for France as investors demand a larger premium to hold its debt compared to German bonds.
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France's 10-year government bond yield has reached 5% for the first time in decades. The rise comes amid investor concerns over the country's public finances, political stability, and budget negotiations aimed at spending cuts.
Because the benchmark yield influences broader interest rates, borrowing costs could rise for businesses and households.
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Russia and Ukraine exchanged missile and drone strikes following US-mediated diplomatic talks. Russian missile attacks wounded residents and damaged subway infrastructure in Kyiv, while Ukraine launched hundreds of drones toward Moscow and other Russian regions.
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Governments and organizations in Europe and the U.S. temporarily took websites offline to patch critical security vulnerabilities in the PHP programming language. Security agencies advised taking systems down immediately if security updates could not be applied right away.
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French police have banned protests in parts of Paris, including around key landmarks such as the Elysee palace and the Champs-Elysees, following violent unrest. The measure comes as President Emmanuel Macron accused US President Donald Trump of exploiting the violence for political gain.
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Canada has announced a $6.2 billion package over five years to support its steel and auto industries against US trade tariffs. Prime Minister Mark Carney and Ontario Premier Doug Ford unveiled the plan, directing $3.7 billion to steelmakers and $1.8 billion to automakers.
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Ebola infections in the Democratic Republic of the Congo have shown a modest upward trend following a brief decline. The outbreak is also spreading internationally, with cases reported in Kenya and Nigeria, complicating containment efforts.
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Italy's cabinet approved deploying 500 troops to Milan and introduced tougher legal measures following violent cost-of-living protests. The new rules impose stiffer penalties for rioters, financial liability on parents for vandalism by minors, and stricter detention powers for youth.
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Ireland's Met Éireann has issued two Status Orange rain warnings for six counties as Storm Austen approaches. The storm is forecast to bring intense rainfall to the affected regions this evening.
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