Borrowing costs hit multi-decade highs

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Iran has weighed attacking US military targets in Europe should Donald Trump escalate the war, according to people close to the regime. Long-term borrowing costs across major economies hit multi-decade highs, and Revolut has proposed increasing the amount chief executive Nik Storonsky can borrow against his stake in the fintech fivefold. Plus, US President Donald Trump is presiding over an unlikely clean energy boom.

Mentioned in this podcast:

Iran eyes targets in Europe if US escalates war, insiders say

Government borrowing costs hit multi-decade highs

Revolut to let Nik Storonsky borrow up to $250mn against his stake

Trump’s renewables boom

Venomous sea creatures plague Europe’s warming beaches

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The FT News Briefing is produced by Victoria Craig, Sonja Hutson, and Saffeya Ahmed. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.

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