Global Bond Sell-Off Puts Investors on Edge

© Brendan Mcdermid/Reuters


© Brendan Mcdermid/Reuters
Anton Siluanov last attended the meeting via video link in April 2022, prompting Western officials to walk out
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Latest purchases take value of deals to leave capital’s stock market this year past $100bn
Three more London-listed companies are set to be taken over as the value of deals removing firms from the capital’s under-pressure stock market passes $100bn (£74bn) so far this year.
On Tuesday, Bodycote, the FTSE 250 industrials group that has been listed on the London Stock Exchange since 1972, agreed a £1.84bn takeover by the US private equity group Veritas.
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© Photograph: Jack Taylor/Reuters

© Photograph: Jack Taylor/Reuters

© Photograph: Jack Taylor/Reuters


© Byron Smith for The New York Times


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Moscow has retaliated against Kyiv’s sustained deep strike campaign on Russian infrastructure
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India is one of the biggest buyers of Russian oil and that trade is helping Moscow replenish its budget despite Western sanctions
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© Antonio Sempere/Agence France-Presse — Getty Images


© Antonio Sempere/Agence France-Presse — Getty Images


Kyiv and Moscow exchange attacks overnight as drones downed in Russian capital and Leningrad region
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Outsourcing the industry to China cannot continue, but Europe knows it can no longer count on the US for a solution
The alarm sounded 16 years ago. In 2010, China blocked exports of key rare earths to Japan in a row over disputed islands in the East China Sea. The critical minerals are essential to everything from advanced weaponry and iPhones to electric vehicle batteries and wind turbines, so the rest of the world took note. But it didn’t take much action. China still accounts for about 70% of rare-earth mining globally and 90% of separation and processing.
Then, last year, Beijing forced Donald Trump to back away from his trade war – not with its retaliatory tariffs, but the curbing of rare-earth exports. A scramble for new supplies began in earnest. The year-long trade truce is due to expire in November. The price of erbium, an element essential to communications infrastructure, has already jumped because of fears that export controls will soon be renewed.
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© Photograph: Imaginechina Limited/Alamy

© Photograph: Imaginechina Limited/Alamy

© Photograph: Imaginechina Limited/Alamy

The move sends the right signal. While we’re at it, can we ban using ringtones and scooting on the sidewalk?
Imagine driving in Italy, with its narrow, cobblestone streets and scooter enthusiasts. I find it hard enough to drive in Los Angeles, a city designed specifically with the automobile in mind. I’d probably squash a pedestrian or two trying to navigate Italian roads.
The modern world is just too hectic for the ancient streets of Europe, so Italy is considering doing the only sensible thing it can: outlawing texting in crosswalks. The Italian government’s updated draft of its highway code proposes fines of €75 or more for anyone caught sending a DM, updating their LinkedIn, finishing Wordle on the fifth guess, or anything else phone-related that might make them miss an oncoming metal projectile. I’m sure most people will risk the slap on the wrist to get that message off, but it at least sends a signal to the Italian people that paying attention to traffic is actually kind of important.
Dave Schilling is a Los Angeles-based writer and humorist
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© Illustration: Fortunate Joaquin/The Guardian

© Illustration: Fortunate Joaquin/The Guardian

© Illustration: Fortunate Joaquin/The Guardian

Ukraine is striking deeper into the heart of Russia than ever before with swarms of drones that have led Russians into a panic.Experts say that Kyiv’s resourcefulness is a result of studying Moscow, Maira Butt reports
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The Kremlin accused Ukraine of pursuing a ‘path of escalation’ and vowed retaliation
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Ukrainian president Volodymyr Zelensky vows punishment for those responsible for attack in village of Myla
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Ukraine has been littered with mines since Putin invaded the country in 2022, posing a devastating risk to civilians. Antonina Kulhava, a humanitarian deminer, tells Maira Butt how she is trying to make her country safer

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The Ukrainian president has promised to punish those responsible as munitions were unknowingly stored in the area causing a huge fire to spread from the explosion
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The Nepal-Tibet flood disaster, Russian strikes in Kyiv, Israeli settlers in the West Bank and tributes to Dolly Parton – the past seven days as captured by the world’s leading photojournalists
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© Photograph: Navesh Chitrakar/Reuters

© Photograph: Navesh Chitrakar/Reuters

© Photograph: Navesh Chitrakar/Reuters
Capitalising on the Hormuz crisis to ramp up action in Ukraine will have consequences, Ratcliffe warns Putin in secret meeting
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Brown believes it is a ‘critical moment’ in the war between Ukraine and Russia

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Finnish police and the Border Guard suspect a scheme that turned paper employment into residence permits and citizenship, Yle reported. Investigators believe one man organized it through companies that did little or no business, and that it may have run for more than two decades. The suspected organizer and the people who obtained citizenship are Russian nationals.
Authorities suspect the main figure arranged fictitious employment relationships for foreign nationals. That paperwork let them apply for Finnish residence permits and, later, for citizenship. From 2003 he registered several companies in southeastern Finland, police and the Border Guard said. The firms either did no real business at all or very little of it. The suspected criminal arrangement appeared shortly after 2003.
Applicants are suspected of paying for the fictitious jobs and for help assembling their documents.
At least 12 people obtained Finnish citizenship without grounds, by the investigation's account. Five more naturalizations were still unfinished when the preliminary investigation opened in 2024. Criminal police commissioner Teppo Tähtinen said the scale of the case came as a surprise to investigators.
Investigators also believe the arrangement ran further back, with people naturalized earlier possibly involved. The statute of limitations has expired on those cases.
The preliminary investigation found that the main suspect and his accomplices sat Finnish language exams for other people. They also completed study assignments in Finnish on their behalf. Without that, the applicants probably could not have obtained citizenship, the investigation found.
Naturalization normally requires five to eight years of residence on a residence permit, Finnish or Swedish at B1 level, and confirmed income, The Moscow Times reported. In 2025, 14,689 people received Finnish citizenship. Russians were among the nationalities filing the most applications, together with citizens of Iraq, Syria, Afghanistan, and Somalia.
Finland has kept its eastern border with Russia closed, and Helsinki has accused Moscow of steering migrants toward the crossings. The country has also rearmed since Russia's full-scale invasion of Ukraine, raising its reserve age and setting a long-term troop target. Last week Finnish authorities opened an inquiry into a suspected Russian airspace violation over the Gulf of Finland.


‘There is a concrete goal, and we will fulfil this task,’ Ukrainian president says
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Trump says he is hopeful 'something may come out of' CIA chief’s meetings in Russia

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© Saher Alghorra for The New York Times

President denies visit was to gain support for Iran sanctions or due to fears that Putin plans to ‘test Nato resolve’
Donald Trump has downplayed a visit to Moscow by the CIA director, John Ratcliffe, as “semi-routine” after he turned up in the Russian capital unannounced, triggering a wave of speculation about the reasons for his trip.
Ratcliffe was reported to have flown to Moscow on a government transport plane on Tuesday in a rare visit after taking off from the Andrews air force base in Maryland.
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© Photograph: Tom Williams/CQ-Roll Call, Inc/Getty Images

© Photograph: Tom Williams/CQ-Roll Call, Inc/Getty Images

© Photograph: Tom Williams/CQ-Roll Call, Inc/Getty Images