❌

Normal view

Some US diplomats told to leave Saudi Arabia amid Houthi attacks

Similar withdrawals from UAE, Jordan, Qatar and Bahrain reported as concerns grow about restart of war on Iran after US midterm elections

The US state department has ordered some diplomats and the families of US government employees to leave Saudi Arabia as the gulf kingdom faces a barrage of near-daily attacks, with at least three people killed at an airport and oilfield.

Attacks on “civilian airports and other critical infrastructure” by the Iranian-supported Houthis in Yemen were highlighted as the reason for the drawdown. The state department spokesperson, Tommy Pigott, said: “The safety and security of department personnel and their families remain our highest priority.”

Continue reading...

© Photograph: AFP/Getty Images

© Photograph: AFP/Getty Images

© Photograph: AFP/Getty Images

Trump’s approval rating drops to 36% two weeks before midterms, poll finds

21 October 2026 at 15:27

Voters disapprove of Trump’s handling of economy and cost of living, says poll in new low recorded by NY Times/Siena

Donald Trump’s approval rating sank to 36% just two weeks before the midterm elections, the lowest recorded in a poll by the New York Times/Siena College, with most respondents expressing frustration over his handling of the US economy, cost of living and Iran war.

In an October survey of approximately 3,494 likely voters, 59% said they disapproved of Trump’s handling of his job, and 52% said they planned to vote for the Democratic candidate in the upcoming election.

Continue reading...

© Photograph: Brendan Smialowski/AFP/Getty Images

© Photograph: Brendan Smialowski/AFP/Getty Images

© Photograph: Brendan Smialowski/AFP/Getty Images

Double blow to Healey as inflation rises to 3.5% and monthly deficit hits £24bn

Consumer prices rise by more than expected while government’s debt interest payments surge to record high for September

Inflation surged to 3.5% last month while the government deficit was a worse-than-forecast £24.5bn, in a double dose of bad news for John Healey before next week’s budget.

The Office for National Statistics said annual inflation rose from 3.1% in August, overshooting City forecasts of a rise in the consumer prices index (CPI) to 3.4%, as a result of the surging cost of fuel.

Continue reading...

© Photograph: Bryn Colton/Getty Images

© Photograph: Bryn Colton/Getty Images

© Photograph: Bryn Colton/Getty Images

European air fares could rise by as much as 20% in 2027, Ryanair boss predicts

20 October 2026 at 15:28

Conflict in Middle East is pushing jet fuel costs higher and many carriers are not hedged against such increases, Michael O’Leary says

Ryanair’s chief executive has predicted a record increase in European air fares next year, as airlines grapple with fuel bills pushed higher by the Middle East conflict.

Many carriers are not hedged against rising jet fuel costs, Michael O’Leary said, which he predicted would lead to airline bankruptcies and takeovers. He forecast these pressures would result in the price of plane tickets rising by as much as 20%.

Continue reading...

© Photograph: Alexandros Avramidis/Reuters

© Photograph: Alexandros Avramidis/Reuters

© Photograph: Alexandros Avramidis/Reuters

European air fares could rise by as much as 20% in 2027, Ryanair boss predicts

20 October 2026 at 15:28

Conflict in Middle East is pushing jet fuel costs higher and many carriers are not hedged against such increases, Michael O’Leary says

Ryanair’s chief executive has predicted a record increase in European air fares next year, as airlines grapple with fuel bills pushed higher by the Middle East conflict.

Many carriers are not hedged against rising jet fuel costs, Michael O’Leary said, which he predicted would lead to airline bankruptcies and takeovers. He forecast these pressures would result in the price of plane tickets rising by as much as 20%.

Continue reading...

© Photograph: Alexandros Avramidis/Reuters

© Photograph: Alexandros Avramidis/Reuters

© Photograph: Alexandros Avramidis/Reuters

People scour strait of Hormuz for spilt cargo after Iran attacks container ships

At least 15 vessels struck in waterway in past 10 days, with rumours that they were carrying valuable goods

People have been scouring the strait of Hormuz for spilt cargo after Iran attacked at least 15 container ships passing through the crucial waterway in the past 10 days.

Some ships have been hit by drones, others by mines. On Sunday, a ship was struck by a rocket-propelled grenade launched from a small boat 75 miles (120km) north-east of the Saudi port of Jubail.

Continue reading...

© Composite: Reuters

© Composite: Reuters

© Composite: Reuters

More than half of UK first-time buyers paying more for mortgage than they did for rent

19 October 2026 at 10:10

Hamptons says figure of 56% is highest in at least a decade, with mortgage rates rising since start of Iran war

A majority of first-time UK buyers now pay more towards their monthly mortgage bills than they used to pay in rent, the estate agent Hamptons has found.

Last month 56% of first-time buyers said their monthly mortgage bills exceeded their previous rent, the highest proportion in at least a decade, according to Hamptons. They paid £39 more on average.

Continue reading...

© Photograph: UCG/Universal Images Group/Getty Images

© Photograph: UCG/Universal Images Group/Getty Images

© Photograph: UCG/Universal Images Group/Getty Images

Profit warnings from UK-listed firms at highest level in two years as Iran war drives up costs

Consultancy says companies quoted on London stock market issued 65 in three months to end of September

The number of profit warnings from UK-listed companies has risen to the highest level in two years, as the war in the Middle East triggers a surge in costs for businesses before the budget.

With less than a fortnight before John Healey’s tax and spending statement to the Commons, the consultants EY-Parthenon said companies quoted on the London stock market had issued 65 warnings in the three months to the end of September.

Continue reading...

© Photograph: Gareth Fuller/PA

© Photograph: Gareth Fuller/PA

© Photograph: Gareth Fuller/PA

‘From liabilities to goldmines’: refineries eye record profits from diesel shortage

Firms turning crude oil into the ‘workhorse’ fuel stand to gain most despite economic fallout from record prices

Days after Donald Trump announced a deal to import Russian diesel into the US in an effort to lower soaring pump prices, the world’s energy watchdog has warned that the global fuel shortage will drag into 2027.

Trump’s temporary sanctions reprieve was criticised for offering “too little, too late” to temper the sky high pump prices triggered by the shutdown of war-damaged refineries in the Middle East and Russia – once the world’s second-largest diesel exporter behind the US.

Continue reading...

© Photograph: Martin Meissner/AP

© Photograph: Martin Meissner/AP

© Photograph: Martin Meissner/AP

The American Conservative: How Trump Made the World Go Nuclear

Trump has attacked Iran twice, both times amid nuclear negotiations and alongside Israel. The war has made it more likely that Iran will acquire nuclear weapons, and has undermined the cause of nuclear nonproliferation across the Middle East and beyond.

Trump, Hormuz, and the Looming Economic Catastrophe

US treasury bonds (the benchmark asset for the entire global dollar system) have experienced their worst returns in history... The war Israel pushed us into is slowly demolishing the American economy and financial system

❌