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FACT FOCUS: Warren Buffett did not praise Trump's recent economic policies

时间:2010-12-5 17:23:32  作者:Personal Finance   来源:Local  查看:  评论:0
内容摘要:"This is the first time since 1958 that there is no majority at all. No majority possible between three major groups. I know that this is a fragile and ephemeral situation."

"This is the first time since 1958 that there is no majority at all. No majority possible between three major groups. I know that this is a fragile and ephemeral situation."

Governments generally borrow money by selling bonds to big investors, such as pension funds. UK government bonds are known as gilts.The yield on the 10-year gilt - the interest rate at which the government pays back a decade-long loan to investors - rose to 4.88% on Monday, its highest level for 17 years.

FACT FOCUS: Warren Buffett did not praise Trump's recent economic policies

The 30-year gilt yield climbed to5.44%, its highest in 27 years.Government debt costs in Germany, France, Spain and Italy also rose on Monday.

FACT FOCUS: Warren Buffett did not praise Trump's recent economic policies

Some experts say investors are reacting to the re-election of former US PresidentThere is concern this will lead to inflation being more persistent than previously thought, and therefore interest rates will not come down as quickly as expected, both in the US and elsewhere.

FACT FOCUS: Warren Buffett did not praise Trump's recent economic policies

Strong US jobs data released on Friday added to expectations that US rates will stay higher for longer, and this has helped to strengthen the value of the dollar against other currencies.

However, Emma Wall, head of platform investors at Hargreaves Lansdown, said the UK's problems were not purely caused by global issues, arguing that measures announced in the Budget have stoked inflation.Flights to the Middle Eastern nation's capital were suspended at the start of the pandemic, but he said he was "actively encouraging" the airline to restart services as soon as possible.

Meanwhile, Wizz Air ended its flights from Cardiff in 2023, and the only direct flight to Paris stopped in March 2024.But Mr Birns said the reintroduction of cargo services was "fantastic news".

The flights will be operated by European Cargo, a British carrier which has an existing base in Bournemouth.Its second UK base in Cardiff has opened with three flights a week using dedicated Airbus aircraft, with the option of increasing to four flights in future.

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