UK 30-year borrowing costs hit highest since 1998 amid oil price surge and political uncertainty – as it happened

Time to wrap up…The UK government’s long-term borrowing costs have hit their highest level since 1998, amid rising fuel prices and concerns about political stability.The yield – effectively the interest rate – on 30-year UK government bonds (gilts) hit 5.77% at lunchtime on Tuesday, up 0.13 percentage points – exceeding the 27-year high reached last September.Yields have been rising across leading economies amid renewed fears over rising inflation, after US efforts to escort ships through the strait of Hormuz prompted Iranian reprisals

HSBC profits fall amid $400m fraud-related charge and Iran war

HSBC has taken a $1.3bn (£961m) hit to profits, amid the fallout from the US-Israel war on Iran and fraud in the troubled private credit sector.The London-headquartered bank said profits fell 4% in the first three months of the year, dropping $100m to $9.4bn, compared with the same period in 2025. Revenue increased 6% to $18

Ken Eason obituary

My friend and former colleague Ken Eason, who has died aged 83, was an eminent academic. He specialised in the study of how the introduction of computer technology affects managers and employees in organisations, often with unexpected consequences.Much of his work took place at Loughborough University, where he was involved in the formation in 1970 of the university’s Human Sciences and Advanced Technology (HUSAT) Institute, which carried out some of the earliest research on human-computer interaction.He was the institute’s deputy director until succeeding its founder, Brian Shackel, as its director in 1992, holding that position until Husat was disbanded in 1996. Thereafter he was professor of cognitive ergonomics at Loughborough until his retirement in 2002

Richard Dawkins concludes AI is conscious, even if it doesn’t know it

When Richard Dawkins met Claudia it was like a whirlwind romance. Over three days last week, a conversation bounced between the evolutionary biologist and the AI bot he called Claudia. “She” wrote poems for him in the manner of Keats and Betjeman and laughed at his “delightful” jokes. Dawkins gently admonished Claudia to avoid showing off. Together, they reflected on the sadness of the AI’s possible “death”

Sabalenka believes players will boycott grand slams to ‘fight for our rights’

Aryna Sabalenka believes the top tennis players will boycott grand slam tournaments in an attempt to resolve their dispute with the four events, which they argue should provide players with a greater share of their growing revenues.“I think at some point we will boycott it, yeah,” said the world No 1 during her pre-tournament press conference at the Italian Open. “I feel like that’s going to be the only way to fight for our rights.”Her comments come after a group of the top 20 male and female players released a statement criticising the prize money levels offered at the French Open, which begins this month. Sabalenka argued the players should be better compensated for their influence on tournament finances

London Marathon sets record after 1.8% of UK adult population applies for 2027 race

The London Marathon has set yet more records with organisers announcing that 1.8% of the UK adult population – more than one million people – have applied to run in next year’s race.Running’s boom wasreflected in a world record 1,338,544 global application for the 2027 London Marathon – up from 1.13m for this year’s race and more than double the amount they received in 2024.The extraordinary figures were welcomed by the London Marathon CEO, Hugh Brasher, who said: “This astonishing total of more than 1