Markets slide on report US to send more troops to Middle East, as UK borrowing costs hit highest since 2008 – business live

Shares in London are suffering an end-of-week sell-off, following a report that the US is to send more troops to the Middle East.The blue-chip FTSE 100 share index is now down 90 points, or 0.9%, at 9970 points, back below the 10,000-point mark. That’s its lowest level since 5 January, as the Iran war wipes out almost all of its gains during 2026.Energy company BP (-3

UK borrowing costs hit highest since 2008 as markets expect up to three interest rate rises

UK government borrowing costs reached their highest level since 2008 on Friday, while financial markets now expect as many as three interest rate rises this year as investors digest the impact of the Iran conflict.The yield, or interest rate, on 10-year borrowing was pushed to heights not witnessed since the global financial crisis, as investors dumped UK government bonds.The market move followed the Bank of England’s decision on Thursday to leave interest rates on hold at 3.75% and hint at a future increase. By Friday, markets were pricing in as many as three interest rate rises in 2026

First came the AI ‘teammates’, then the layoffs: the new reality for Atlassian staff now looking for work

Sacked from his “dream job” at software giant Atlassian, Rubio* wants just one thing – closure.“We were probably exceeding expectations and there’s no explanation from the company as a whole as to why any of this happened,” he says.“The only desire that I have, outside of receiving my severance package, is closure as to why I was selected.”On Thursday morning last week, Atlassian laid off 1,600 workers – about 10% of its total workforce. Nearly 500 Australian staff were among them

Fire experts ‘kept awake’ over growing hazard of lithium-ion batteries

Lithium-ion batteries represent a new technological hazard that one fire science expert has said keeps him awake at night, as fire service chiefs warn the ubiquity of the batteries in everyday products is outpacing public understanding and safety regulations.The blaze that devastated a historic building in Glasgow and resulted in the closure of Central Station, Scotland’s largest rail interchange, is believed to have started in a shop selling vapes, which are powered by lithium-ion batteries. Glasgow’s Central Station has since reopened.The latest data reveals a sharp increase in battery-related fires across Scotland, while firefighters in London attend an e-bike or e-scooter fire every other day.Paul Christensen, a professor of pure and applied electrochemistry at the University of Newcastle, underlined that, while the probability of a fire from a lithium-ion battery is very low, the hazard is “very, very high, as we’ve seen with this fire in Glasgow”

Calandagan to race in Dubai’s Sheema Classic despite conflict in the Gulf

Calandagan, the world’s top-rated Flat horse in 2025, will fly to Dubai from Paris on Saturday to run in the Sheema Classic at Meydan next weekend, despite the continuing conflict in the Gulf region.The gelding’s owner, Aga Khan Studs, consulted staff already in Dubai before deciding to give the green light to Francis-Henri Graffard’s five-year-old, the winner of four Group One events last season including the Japan Cup in November.“We’ve been very happy with Calandagan,” Nemone Routh, the owner’s racing manager, said on Friday. “If we didn’t run in Dubai then we’d have been looking at races in the summer. He’s in great form and we already have a filly out there with staff

Hodgkinson shrugs off kit mishap to cruise into world indoor 800m semi-finals

No opponent has come close to knocking Keely Hodgkinson off her stride in 2026. But after breezing into the semi-finals of the world indoor championships, she revealed that her preparations had been interrupted by an airline, KLM, losing her kit for 48 hours on the flight to Poland.It led to the overwhelming favourite for 800m gold having to train in whatever she could beg or borrow – and getting a blister as a result. Not that it seemed to bother her as she cruised into Saturday’s semi-finals with a dominant victory in 2min 0.32sec