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Government Bonds are under pressure and households could soon feel the impact.Borrowing costs in major economies have hit their highest levels in nearly two decades.Investors have been shunning government debt and demanding higher returns.They worry that the Iran war could keep oil prices and inflation high.The International Monetary Fund warns that global debt could approach World War Two levels.At the centre of it all is the US, which largely sets borrowing costs worldwide.That means higher mortgage repayments and car loans, more expensive credit, as well as rising business costs passed on to consumers.For developing nations borrowing in dollars, it puts…

NEWYou can now listen to Fox News articles! FIRST ON FOX: Former GOP gubernatorial candidate Tudor Dixon is stepping back into Michigan politics, this time as the public face of a new multi-million dollar PAC aimed at boosting Republicans in one of the nation’s most critical swing states. “Michigan is going to be one of the critical battleground states for ‘26 and ‘28,” Dixon told Fox News Digital in an exclusive interview announcing her role with United We Fund, a political action committee backed by millions of dollars that will be heavily involved in Michigan’s open races for governor, attorney general,…

NEWYou can now listen to Fox News articles! Cape Cod residents are speaking out against plans to place a homeless shelter 150 yards from an elementary school, with some people worried that those inside would be forced outside every morning at the exact same time children are arriving.During the May 6 Barnstable School Committee meeting, members voted to send a letter voicing concern regarding a plan to relocate the St. Joseph’s House homeless shelter in Hyannis, Massachusetts, to a new spot that’s a 5-minute walk from a nearby elementary school, according to the Cape Cod Times.Among other issues, residents are…

The former residence of Canada’s consul general in New York has sold after nearly two years on the market. Global Affairs Canada has not yet confirmed the sale price but in March said it had received an offer on the residence.One realtor website said the five-bedroom apartment on Park Avenue sold for US$8.05 million on May 11. Another website said the price was that amount in March, around the time Global Affairs Canada confirmed it had received an offer.The apartment was originally listed for US$9.5 million — C$13 million — in August 2024. Senior government officials said at the time…

A Barramundi clue and close ties with Chris Ellison’s billionaire chum has a former liquidator pegged as the boss of a new family office.Mineral Resources on Friday revealed its founder and chief, Mr Ellison, had sold $122 million worth of company stock for “personal financial planning purposes”.This included for “the establishment of a family office”, which is a private investment firm that manages family wealth across multiple generations.Sources close to Mr Ellison believe former Ferrier Hodgson partner Darren Weaver will be overseeing investment decisions of the new family office.Mr Weaver left Warburton Group — the Cottlesloe-based family office of Multiplex…

In this web exclusive, Jon Favreau, the creator of the “Star Wars” series “The Mandalorian,” and director of the new film “The Mandalorian and Grogu,” talks with correspondent Tracy Smith about the myth of “Star Wars,” the influences on the story (including Japanese samurai films), and expanding the universe for a new audience. He also talks about working with Robert Downey Jr. on his film “Iron Man,” and about cooking, the subject of his 2014 movie, “Chef.”

However, in an apparent softening of Washington’s stance, the senior Iranian source said the US had agreed to release a quarter of Iran’s frozen funds – totalling tens of billions of dollars – held in foreign banks. Iran wants all the assets released.The Iranian source also said Washington had shown more flexibility in allowing Iran to continue some peaceful nuclear activity under supervision of the International Atomic Energy Agency.Iran’s Tasnim news agency separately quoted an unidentified source as saying the US had accepted waiving oil sanctions on Iran while negotiations were under way. Iranian officials did not immediately comment on…

new video loaded: Timmy the Whale Found Dead In Denmark1:19A humpback whale, nicknamed Timmy, was found dead in Denmark. For more than a month, Timmy had been at the center of a public frenzy and rescue effort.By McKinnon de KuyperMay 18, 2026Car Rams into Pedestrians in Northern Italy, Injuring at Least 80:57Delivering Mail on Ukraine’s Front Line4:36Russia Launches Heavy Drone and Missile Attack on Ukraine’s Capital0:56Police in France Warn Public to Stay Away From Drunk Deer0:38Princess Catherine Makes First Official International Trip Since Cancer Diagnosis1:02Israel Qualifies for Eurovision Final Amid Protests1:53Video ›Today’s VideosU.S.PoliticsImmigrationNY RegionScienceBusinessCultureBooksWellnessWorldAfricaAmericasAsiaSouth AsiaDonald TrumpMiddle East CrisisRussia-Ukraine CrisisVisual InvestigationsOpinion…

President Trump and the Justice Department reached a settlement regarding the president’s $10 billion lawsuit against the Internal Revenue Service and Treasury Department, according to documents filed with the court Monday. Mr. Trump had accused the agencies of unlawfully allowing a government contractor to leak his tax returns and those of his sons and company. The lawsuit was filed in Miami federal court in January in Mr. Trump’s personal capacity, and alleged government mishandled his tax returns, leading to their improper disclosure to media outlets in 2020. Mr. Trump’s sons, Eric Trump and Donald Trump Jr., and the Trump Organization are also plaintiffs…