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Dow drops more than a hundred and seventy aspects on rising rate fears in largest decline of the twelve months to this level

U.S. stocks posted the biggest drop of this young year after the 10-year treasury yield shot higher, raising concerns higher interest rates would snuff out the bull market. The S&P 500 declined 0.7 percent to close at 2,853.53, only its fifth down day of the year and by far its biggest. The Dow Jones industrial…

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Why is Russia helping Turkey in Afrin?

On January 20, Turkey launched an air and ground offensive, which it called « Olive Branch », against the Kurdish-controlled enclave of Afrin in northern Syria. As the offensive progressed rapidly, it became obvious that such an ambitious operation could not have been possible without Russia’s explicit approval. First of all, the operation required the Turkish Air…

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Inner David and Victoria Beckham’s £31million mansion

Victoria and David Beckham have been inadvertently treating fans to an intriguing glimpse inside their private family home – through their many, many social media offerings. The latest offering from fashionisa Victoria shows a video of son Cruz excitedly flipping pancakes in the kitchen, but her followers were far more interested in the Beckham’s decor…

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World bond promote-off rattles markets

Keep abreast of significant corporate, financial and political developments around the world. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust. Choose the subscription that is right for you Read more For 4 weeks receive unlimited Premium digital access to the FT’s trusted, award-winning business…

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Windsor Tory council chief faces no self belief vote

A Conservative council leader who suggested rough sleepers in Windsor be moved on ahead of the royal wedding has won a battle to save his political career following a landslide vote in his favour. Every member of the Royal Borough of Windsor and Maidenhead was summoned to a meeting to debate a motion of no confidence…

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Qatar to improve US airbase as defence chief visits DC

Visiting Washington DC, Qatar’s Defence Minister Khalid Bin Mohammad Al Attiyah said his country will expand the American airbase that currently houses about 10,000 US military personnel. The expansion at the Al Udeid base – home of the US Central Command – will allow for 200 more housing units for officers and their families, Attiyah said. « It will very…

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North Korea calls off joint Olympic match with South

North Korea has cancelled a joint cultural performance with artists from the South Korea, Seoul officials have said.  South Korea’s unification ministry on Monday said that Pyongyang had called off an event set to take place at North Korea’s Mount Kumgang on February 4 as part of a series of events in the lead up…