bond

JAMES Bond could see it’s first ever husband and wife casting as Saoirse Ronan pitches for a villain role – and Jack Lowden is up for 007.

The actress, 32, who tied the knot with Jack in 2024, has teased that she could be in the upcoming blockbuster Bond 26.

Lady Bird star Saoirse recently told Empire magazine: “I want to go dark. I said that I wanted to be a Bond villain, and I’m dead serious.

“I think it would be really interesting, having a young, female villain.

“Especially for girls and women, to see someone who can just take all that pent-up anger and direct it somewhere.”

The pair welcomed their first baby into the world after being spotted with a pram in public back in September last year.

unlikely star

New Brit actor ‘makes James Bond shortlist’ as screentests ‘begin in days’

BOND BLOWOUT

Brit A-list Hollywood actor rules himself out of 007 role saying ‘I’m too old’

Her husband has been tipped as one of the stars to take on the role of James Bond, following on from Daniel Craig, who has played agent for the last 15 years.

Jack has been a huge fan favourite since taking on the role of MI5 agent River Cartwright in Apple TV+’s Slow Horses.

He’s also been in the likes of Pride and Prejudice, The Gold, War & Peace, The Long Song, Wolf Hall, Mrs Biggs and The Tunnel.

Meanwhile Saoirse has starred in Little Women, Lady Bird, The Lovely Bones, Hanna and Mary Queen of Scots.

There are some pretty huge names in the mix for the next Bond.

The likes of Jacob Elordi, Callum Turner, Harris Dickinson, Anthony Boyle  and Tom Hardy have been some of the names.

And New Brit actor Jack Barton has been thrown in there too.

It comes shortly after The Sun exclusively revealed that the new 007 writer shared an unexpected update on the Bond script.

The upcoming film could possibly relocate from MI6 in London to Birmingham.

Its writer Steven Knight has a long-standing love affair with the Midlands, the home of his smash hit Peaky Blinders and drama This Town.

The screen giant is considering a Brummie background for the spy’s next outing.

Steven told The Sun: “I’m loving working on the Bond film — I’m tempted to set it in Birmingham.

“I’m always tempted to do that on everything I work on!”

Knight has been drafted in by Amazon MGM Studios, which bought creative control of the Bond franchise for £790million last year.

Sharing an update at the launch of the Peaky Blinders Underworld immersive game, he went on: “Writing this film is like working for King and country. I feel like it’s my duty.

“Seriously, I’m such a big fan of the whole Bond franchise. To be able to be the person who is writing the next one is genuinely an honour and it’s a dream.

“Making Peaky Blinders has been amazing and doing Bond is beyond that.”

Published on
20/08/2026 – 11:18 GMT+2

The US national debt now stands at a record $40 trillion (€34.4tn), while the Treasury has responded to the bond market pressure by pledging to buy back far more of its own older securities.

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Washington’s two announcements landed on the same day and represent two symptoms of the same underlying strain: a government borrowing at a record pace just as buyers of its longest-dated debt are demanding higher returns to keep lending.

Buybacks work like a targeted repurchase. Rather than printing new money, the US Treasury uses cash it already has to repurchase older, harder-to-trade bonds from investors, improving liquidity without changing the total stock of debt.

From 9 September, the maximum size of each buyback operation in the 10-to-20-year and 20-to-30-year markets will at least double, from $2 billion (€1.7bn) to $4 billion (€3.4bn), running through the next quarterly refunding on 4 November.

The US Treasury said the change reflects “strong sponsorship from market participants” in that part of the curve, but the timing of the decision was no accident.

The 30-year yield had climbed on Tuesday to its highest level since 2007 amid what analysts called a buyers’ strike stretching back to late June, aggravated by a swelling supply of corporate debt tied to AI data centre spending.

Yields duly fell after Wednesday’s announcement, with the 30-year dropping roughly 9 basis points and the 10-year around 6, and Wall Street rallied.

Asked whether Americans should worry about the volatility, US President Donald Trump simply said: “No, I don’t think so.”

However, not everyone is convinced the fix goes deep enough.

The size of the increase is modest next to the $32 trillion (€27.5tn) Treasury market it is meant to steady, and notable economist Mohamed El-Erian suggested the outsized market reaction reflected hopes of broader intervention to come rather than the direct effect of the buybacks themselves.

Thomas Simons, chief US economist at Jefferies, said the announcement broke with Treasury’s usual pattern of steady, well-flagged communication about its borrowing plans and felt “shot from the hip”.

How the US national debt reached $40 trillion

The debt figure, confirmed by US Treasury data covering Tuesday, splits into $32.27 trillion (€27.75tn) held by the public and $7.78 trillion (€6.69tn) owed between government accounts.

It arrived roughly two fiscal years earlier than expected as the US Congressional Budget Office projected in May 2023 that the threshold would not be crossed until 2028, and it came remarkably fast even by recent standards: $39 trillion (€33.5tn) was reached only in March, $38 trillion (€32.6tn) the previous October.

The US government borrowed $1.8 trillion (€1.5tn) in the first ten months of this fiscal year alone, already more than it borrowed in the whole of the last one, as spending on Social Security, Medicare, defence and interest payments continues to outrun revenue.

“The national debt is not just a number on the government’s balance sheet,” said David Young, president of the Conference Board’s CEO Center, noting it shapes the financial decisions Americans make daily.

The two stories feed each other.

A bigger debt load makes investors warier about lending long-term, which pushes yields higher. In turn, higher yields then raise the government’s own interest bill, adding further to the debt the US Treasury has to finance next.

Wednesday’s buyback expansion may ease the immediate pressure, but it does nothing to slow the borrowing driving it.

Aug. 19 (UPI) — The U.S. Treasury Department announced Wednesday that it will buy back about twice the usual amount of its bonds in a move to prevent rising interest rates on mortgages and consumer loans.

The department, which is led by Secretary Scott Bessent, said it will target the 10- to 20-year and 20- to 30-year portion of the market. Those bonds have faced a buyers’ strike since late June, CNBC reported.

Treasury said it will at least double the maximum size of its usual buyback, from $2 billion to “at least” $4 billion, an announcement from the department said. The buyback operation will be from Sept. 9 through Nov. 4.

The yields on longer-term debt have been at their highest levels since 2007, pushed up by war with Iran and other concerns, such as growing competition for financing with borrowers and growing federal deficits, Politico reported.

After the announcement, yields plummeted, while stock market futures spiked, CNBC reported.

The 10-year note dropped 6 basis points to 4.647% and the 30-year bond plunged 9 basis points to 5.196%. A basis point equals 0.01%. Yields and prices move in opposite directions.

It’s the latest move by Bessent to affect treasury yields.

The department conducted a joint operation with Japan to boost the yen, which was trading at its weakest against the dollar in about 40 years. He had warned in January that Japanese government bonds were causing issues in the U.S. treasury market.

The department also recently alluded to possibly issuing less longer-term debt in the future, Politico reported.

“This increase in buyback operation sizes reflects Treasury’s desire to provide greater liquidity support in longer-dated nominal sectors where there is consistent strong sponsorship from market participants, as evidenced by the significant volume of high-quality offers Treasury routinely receives in longer-dated buyback operations,” the department’s press release said.

The move “can help crowd in potential buyers tempted by the prior run-up in yields and force some near-term short-covering, while discouraging investors from going max short in the future for fear of being ambushed again,” Krishna Guha, head of global policy and central bank strategy at Evercore ISI, said in a client note, CNBC reported.

“But the operation changes almost nothing in terms of the fundamentals, in particular the unchanged need to finance the tidal wave of hyperscaler debt in addition to very large government deficits,” Guha added.

It could actually end up making the Federal Reserve‘s job of getting inflation back to 2% more difficult, said RSM Chief Economist Joe Brusuelas.

The buyback could artificially suppress yields and make controlling inflation more challenging.

“Bessent is a political actor. His interest is purely short-term and is organized around the upcoming election and not a return to price stability,” Brusuelas wrote.

THEY’VE been soaking up the Ibiza sunshine, while wrapping their arms around one another like two lovesick teenagers at a beach rave.

So it’s only natural that fans have begun asking whether former glamour model Katie Price, 48, and party king Wayne Lineker, 64, could be embarking on a new romance after a trying year for Pricey – who ditched her wedding ring for the Ibiza bash.

Pictured on a sunbed at the O Beach Ibiza last week, with Katie wearing a barely-there bikini, the tactile displays of affection between the two showbiz veterans had everyone asking the same question: what on earth is going on here?

Indeed, one insider told me: “It certainly got everyone talking. Naturally people started to wonder if there could be a romantic spark between the pair.

“While many questions have been raised about Katie’s husband Lee Andrews and the reality of his finances, Wayne is the real deal.

“He’s raking it in with all his Ibiza businesses and he’s not ashamed to show off the rewards of his hard work.”

It’s no secret that Katie’s love life has been a rollercoaster of late.

After a whirlwind romance and shock January wedding to Dubai-based businessman Lee, recent months have brought a storm of drama.

Self-proclaimed “millionaire” Lee is back in a Dubai prison for unpaid debts and Katie has voiced her frustration to The Sun’s Clemmie Moodie over the “ridiculous” drama surrounding him.

Wayne, brother of football legend Gary Lineker, is known as a party boy, and many wondered if the newlywed was seeking comfort in his famously welcoming arms.

After all, he has a taste for models – with his past girlfriends including model Danielle Sandhu and the late Love Island star Sophie Gradon.

But before anyone starts buying a wedding hat for another Pricey trip down the aisle, we can reveal the real truth behind their close connection.

According to those close to Katie, the pair are strictly platonic and the tactile body language is simply the result of two larger-than-life personalities who love letting their hair down together.

“Katie and Wayne are just brilliant mates, plain and simple,” a close insider spilled to us last night.

“People look at the photos of them cuddling up or whispering during the eclipse, and because it’s Katie, they instantly assume there’s a massive romantic scandal brewing.

“But honestly? It’s completely innocent. They just get each other.”

My source continued: “They are both veterans of the showbiz scene and they both love a massive party.

“When Katie is in Ibiza, Wayne is her go-to guy. He treats her like royalty and ensures she has a great time.

“There is zero romantic spark there. She sees him like a fun, cheeky older brother who knows exactly how to throw the best parties.”

Katie’s recent trip to the Mediterranean wasn’t just a wild solo getaway to escape the exhausting Lee Andrews saga back home. It was a fun-filled adventure for her beloved eldest son Harvey, 24, who joined her on the Spanish island.

And it’s actually Wayne’s bond with Harvey that has cemented his status as one of Katie’s most treasured pals.

Harvey, who has Prader-Willi syndrome and is also autistic and blind, was also at the sprawling Ibiza resort dancing away to his favourite tunes.

For protective mum Katie, seeing the entrepreneur go out of his way to ensure her boy had a spectacular time meant the absolute world.

“Wayne is absolutely brilliant with Harvey, and that’s the fastest way to Katie’s heart. Not romantically, but purely as a loyal friend,” my insider revealed.

“Wayne rolled out the red carpet for them and even made sure he had his favourite meal of Spaghetti Carbonara.

“He makes Harvey feel so special, safe, and included in all the fun. Katie is endlessly appreciative of that.”

This supportive dynamic is especially poignant for the mum-of-five, given the well-documented absence of Harvey’s biological father.

Former Premier League footballer Dwight Yorke has played no part in his son’s upbringing, leaving Katie to deal with all of Harvey’s very complex needs on her own.

“It genuinely breaks Katie’s heart that Harvey’s real dad has never done a thing for him, so when she sees men like Wayne stepping up just to be kind, patient and supportive, she is so touched,” the pal explained.

“Wayne doesn’t have to go out of his way for Harvey, but he does it because he has a big heart. That’s why Katie is so loyal to him. She will defend their friendship to the hilt.”

So, while the pictures of them cosying up under the sun might scream new romance to the untrained eye, the reality is far sweeter.

It is clearly a feeling shared by Wayne, who took to Instagram to pay tribute to Katie.

He wrote a “special message” to the businesswoman, writing: “We’ve certainly had our moments over the years, you more than anyone knows that.

“We’ve faced obstacles, made mistakes and sometimes been our own worst enemies.

“But through it all, there’s one thing I believe we’ve always shared: our two hearts and our genuine love of helping other people.”

With the baggage of her recent marital woes weighing heavily on her mind, Katie wanted a place to let off steam with her son.

And the O Beach did not let her down. The club’s waitresses, wearing skimpy outfits, added to the upbeat party vibe, showing off their best moves on the stage and holding up cards spelling ‘Harvey’ as partygoers chanted his name.

Harvey looked over the moon and threw his hands up in the air with joy.

“Katie knows exactly what she’s doing,” our insider laughed. “She knows people will talk when she wraps her arms around Wayne in a tiny bikini. But she doesn’t care anymore.”

Whether her husband Lee, who remains in Al Awir prison, will be equally nonchalant remains to be seen.

Aug. 18 (UPI) — Stocks fell on all three major U.S. indices Tuesday as investors were spooked by elevated bond yields and the prospect of higher oil prices as the war between the United States and Iran drags on without apparent resolution.

Tech stocks led the downturn as the Nasdaq Composite dropped by 1.3%, followed by losses on the S&P 500 (0.6%) and the Dow Jones Industrial Average (0.2%).

Most analysts put the blame for the markets’ poor showing on news that 30-year Treasury yield surpassed 5.3% for the first time since the global financial crisis in 2007, reflecting sagging demand from global buyers willing to underwrite sovereign U.S. debt.

Concerns over rampant government deficit spending and the United States’ burgeoning debt of nearly $40 trillion are pushing treasury yields higher, analysts noted.

The shorter 10-year Treasury, meanwhile, ended above 4.7%, compared to below 4% before the start of the Iran War in February.

Rising “T-bill” yields are considered a danger signal for the broader economy and consumer spending because they can have the knock-on effect of pushing up virtually all borrowing costs, from auto loans to mortgages.

The latter is being reflected in costlier mortgage rates. A 30-year, fixed-rate mortgage on Tuesday stood at 6.75% after ending last week at 6.69%.

Meanwhile, oil prices on Tuesday reached their highest level in more than two weeks after President Donald Trump threatened to “bomb” Oman if it interferes with his plans to open the strategic Strait of Hormuz.

The benchmark Brent crude futures traded around $91 per barrel, while U.S. West Texas Intermediate crude futures rose to $84 per barrel.

Published on 18/08/2026 – 12:47 GMT+2•Updated
13:04

Government borrowing costs are surging on both sides of the Atlantic.

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Long-term bond yields across Europe’s biggest economies hit multi-year highs on Tuesday, while the yield on 30-year US Treasuries rose to its highest level in nearly two decades.

The sell-off came as hopes of a swift resolution to the Iran conflict faded, pushing oil prices higher and renewing concerns about persistent inflation. International benchmark Brent crude traded at nearly $91 a barrel on Tuesday morning amid heightened tensions in the Middle East.

“The breakdown in US-Iran peace talks has increased the risk that energy prices remain elevated for the rest of the year, which could keep inflation higher than expected and increase the chance of central banks raising rates,” Richard Carter, head of fixed interest research at Quilter Cheviot, told Euronews Business.

Investors are increasingly betting on tighter monetary policy in the eurozone, with the ECB deposit rate expected to reach 2.76% by March 2027, up from 2.25% currently.

According to Trading Economics, investors see a 90% probability of a September rate hike by the European Central Bank (ECB).

At the same time, in the US, the 30-year Treasury yield reached 5.33%, a level not seen since 2007. In the UK, the 30-year gilt traded at 5.85% — its highest level since May 2026.

As government bonds came under renewed selling pressure globally, France’s 10-year bond yield rose to 4.10% on Tuesday morning, its highest level since June 2009.

Germany’s 10-year Bund yield, the benchmark for the eurozone, climbed above 3.25%, reaching its highest level since March 2011.

France’s 30-year bond yield reached its highest level since 2008, amid a global bond sell-off and growing concern about the country’s 2027 budget negotiations and next year’s presidential election. Germany’s 30-year bond yield rose to 3.78%, its highest level in 15 years.

Rising long-dated bond yields are not driven solely by expectations of higher interest rates and inflation fears.

“Investors are concerned about the scale of borrowing in major economies including the UK, France and Japan,” Carter continued, adding that “significant volumes of AI-related bond issuance have also added to supply, creating further pressure on prices and pushing yields higher.

Higher borrowing costs put pressure on economies and raise financing costs across a range of investments.

As government debt offices constantly raise money through bond markets, the effect of the jump in yields will gradually feed into their borrowing costs as they refinance maturing debt.

Italy is expected to refinance maturing debt equivalent to 17% of GDP in 2026, according to S&P Global Ratings, compared with 12% for France and 7% each for Germany and the UK.

For now, bond markets are likely to remain sensitive to developments in both geopolitics and economic data,” Carter said.

He added that bonds remain attractive to investors because yields are historically high and comfortably exceed inflation, offering a positive return after price rises are taken into account.

David Ellison’s Paramount Skydance has asked a judge to force California Atty. Gen. Rob Bonta and his coalition of 11 other states to prepare to set aside as much as $1.9 billion as the Warner Bros. Discovery merger challenge heads into overtime.

In Monday’s court filing, Paramount requested the plaintiff states, including New York, Colorado, Oregon and Nevada, as well as the Writers Guild of America, post a bond that would cover the “ticking fees” Paramount promised to pay Warner shareholders should the deal stretch beyond its anticipated September close.

Ellison was confident his proposed Warner takeover would sail through its regulatory clearances. President Trump’s Justice Department approved the merger in June, as have dozens of other countries.

The states would not be required to pay the full $1.9 billion upfront. Instead, they would have to come up with a portion of that amount by Sept. 30. Should the Democrat state attorneys general and WGA lose their lawsuits, they would ultimately have to pay the full amount.

Monday’s court filing highlights Ellison’s frustrations and the financial pressures that deal delays will bring the media company. The filing also continues Paramount’s full-court political pressure campaign to get Bonta and the other states to abandon their antitrust lawsuit.

Paramount did not expect such a spirited challenge from Bonta and the 11 other Democratic state attorneys general who banded together with the WGA to try to block the $111-billion merger of two historic Hollywood studios.

Paramount’s 23-page filing, signed by former high profiile federal prosecutor Danielle Sassoon, was intended to rattle the states.

Paramount is trying to create divisions among the plaintiff states by prompting them to question their resolve in fighting a protracted and potentially expensive legal battle, according to a person familiar with Paramount’s strategy who was not authorized to speak publicly.

Because WGA has separately sued to unravel the deal, Paramount has asked the judge to have the union post a bond to cover some of the costs, too.

In its motion, Paramount cited the Clayton Antitrust Act, which is the foundation for Bonta’s lawsuit. The law carries a provision to require plaintiffs to post a bond to cover the potential financial harms of halting a transaction.

The bond gives a defendant, in this case Paramount, a way to recover lost funds should they ultimately prevail in court.

U.S. District Judge Araceli Martínez-Olguín will be asked to rule on the request during a Wednesday court hearing.

“We have satisfied all closing conditions under our merger agreement, having received regulatory clearances from 68 jurisdictions,” Paramount said in a statement. “These two lawsuits are the only barrier to closing this transaction.”

Paramount is incurring considerable legal fees and deal-related costs.

The company cited a potential eight-month merger delay because Martínez-Olguín scheduled the trial for March 2. If the case goes to trial, it might not be decided until next May.

At issue are the “ticking fees” that Paramount in February agreed pay to Warner investors should the merger be delayed . Paramount agreed to pay $.25 a share for every quarter until the acquisition finalizes.

The fees add up to $7 million a day, or $650 million per quarter.

Paramount is facing a June 4 deadline to close the deal. That’s when Warner Bros. Discovery can demand a $7-billion break-up fee.

Paramount wants to get the deal done as soon as possible, and with the approval of Mexican regulators last week, only Bonta and the states’ lawsuit stands in their way.

Paramount also is cognizant of shifting winds in Washington should Democrats regain control of Congress in November, which could bring fresh scrutiny to the merger .

Ticking fees weren’t the only costs of the extended timeline.

“There will be no integration and no ramped-up investment in content, production, and creative talent by the combined company,” Paramount said . “Employees of both Paramount and WBD are also harmed by the uncertainties caused by the delay.”

Last week, the Directors Guild of America and the International Alliance of Theatrical Stage Employees — which represent a combined 200,000 union members — waded into the clash over the merger, which continues to carve deep divisions throughout the industry.

“We remain confident that plaintiffs’ case is without merit and will defend our pro-competitive transaction in court,” Paramount said. “We look forward to closing this transaction and delivering its benefits to consumers and entertainment industry workers in California, the United States and around the world.”

Published on
17/08/2026 – 11:40 GMT+2

Two pieces of data collided in Tokyo within hours of each other.

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Bond investors pushed the 10-year Japanese government bond yield to a three-decade high before the government reported that growth had come in at barely half the pace economists had forecast, a pairing that says a great deal about what is really driving Japan’s markets right now.

The economy expanded at an annualised rate of 1.1% in the second quarter, Cabinet Office data showed, well below the 2.0% forecast and down from a downwardly revised 1.9% pace in the first quarter.

Quarter on quarter, GDP rose just 0.3% against a forecast of 0.5%, marking a third consecutive expansion. Private consumption was flat, and capital expenditure fell 1.2%, while net exports, helped by the weak yen, added 0.5 percentage points to growth.

The 10-year JGB yield touched 2.93% earlier in the day, its highest level since September 1996, before easing slightly once the GDP figures landed.

The gap between weak growth and rising bond yields helps explain what is moving Japanese bonds now: not growth, but inflation and the currency.

The GDP deflator rose 2.6% year on year, and traders are increasingly betting that the Bank of Japan will raise its policy rate, currently at 1% and already a three-decade high, as soon as September to contain inflation and support the yen.

Tokyo and Washington spent billions defending the yen

The yen slid to 163.73 per US dollar in late July, its weakest level in roughly four decades, prompting Japan and the US to carry out their first joint currency intervention since 2011.

Japan deployed an estimated $85 billion (€73.3bn) in the first two days alone, while the US intervention was much smaller, according to Goldman Sachs.

The operation pushed the yen back to around 159 per US dollar.

There is currently a wide gap between Japanese and US interest rates, with the Federal Reserve’s benchmark rate still at 3.50% to 3.75%. The Bank of Japan’s September meeting is being watched as the next test of whether the currency’s recovery can hold.

Japan’s bond market matters well beyond Tokyo because of the yen carry trade, in which investors borrow cheaply in yen to fund purchases of higher-yielding assets abroad, from US Treasuries to emerging-market debt.

Rising Japanese yields erode that trade’s profitability and can force rapid unwinding, as it happened in August 2024, when a Bank of Japan rate rise combined with weak US jobs data sent the Nikkei down more than 12% in a single session and knocked roughly 3% off the S&P 500.

With JGB yields at three-decade highs and further tightening still expected, analysts say the conditions for a similar shock have not disappeared.

Political Pressure Puts Fed Independence Back in Focus

Federal Reserve Chair Kevin Warsh’s efforts to keep the central bank insulated from political pressure have become more difficult after President Donald Trump renewed his push to remove Fed Governor Lisa Cook.

Trump’s move, based on allegations of mortgage fraud that Cook’s attorney has called baseless, has brought the issue of Federal Reserve independence back to the centre of markets’ attention. It also suggests that the White House remains concerned that the Fed could raise interest rates as early as next month, despite Trump’s longstanding demand for lower borrowing costs.

The timing is particularly important. Futures markets put the probability of a quarter-point rate increase before the November midterm elections at about 75%, while the outcome of the Fed’s September 15-16 meeting is viewed as almost evenly balanced.

The pressure on Cook could ultimately backfire. If Trump fails to remove her, she could become more inclined to support tighter monetary policy. At the same time, the administration could be calculating that publicly challenging Cook gives Trump a political target if the Fed raises rates before the midterms.

Trump could then argue that a rate increase was politically motivated and intended to undermine his administration.

Trump Challenges Cook Ahead of Critical Fed Meeting

The White House last week sent Cook a letter saying Trump was “considering” removing her and demanded a response within three weeks to the allegations against her.

The deadline falls only weeks before the Fed’s next policy meeting, when the balance of votes could prove crucial.

The move also comes after a June Supreme Court ruling that recognised the Federal Reserve’s special statutory protections while leaving unresolved whether the allegations against Cook would provide sufficient grounds for her removal.

The dispute highlights the continuing uncertainty over how far presidential authority extends over the central bank.

“The issue of Fed independence has not yet been resolved,” said Tim Duy, chief U.S. economist at SGH Macro Advisors.

For Warsh, the confrontation creates an uncomfortable situation. He has only recently taken over as Fed chair and would likely prefer the opportunity to establish his own policy approach rather than become involved in Trump’s campaign for lower rates.

Yet maintaining that distance could be difficult. Trump has reportedly called Warsh repeatedly since he became chair in May.

Trump has also publicly praised Warsh while criticising other Fed officials for keeping interest rates too high, saying Warsh would like to see lower rates but faces a board that wants to maintain higher borrowing costs.

Inflation Keeps Pressure on the Fed

The political confrontation is taking place against a difficult economic backdrop.

Inflation has remained above the Fed’s 2% long-term target, while core price pressures remain elevated. The Iran-related energy shock of the past six months has added another source of inflationary pressure.

Those conditions complicate the case for immediate rate cuts.

At the same time, the Fed’s policy committee is becoming increasingly divided. Three members voted for a rate increase at the previous meeting, while Governors Chris Waller and Lisa Cook voted to keep rates unchanged, although both have indicated that further tightening could eventually be necessary to bring inflation back under control.

If Waller and Cook both support a rate increase at the September meeting, the previous 9-3 balance in favour of holding rates could become 7-5.

Former Fed Chair Jerome Powell could then become decisive if he switched his previous position and supported a rate increase.

That makes the political pressure on Cook particularly significant.

Bond Markets Face an Inflation Risk

The implications extend beyond the Fed itself and into financial markets.

Long-term Treasury yields have periodically risen and the dollar has weakened during previous episodes of political pressure on the central bank. Investors remain divided over whether the latest confrontation represents a temporary political storm or a deeper threat to the credibility of U.S. monetary policy.

The bigger concern for bond markets is the possibility that political pressure could lead to a Fed leadership and governing board more willing to cut rates despite persistent inflation.

That could increase the inflation risk premium demanded by investors holding longer-term government debt.

Barclays strategists warned that if confidence in the Fed’s willingness to defend its inflation target has begun to deteriorate, long-term bond markets may be underestimating the risks.

The combination of political pressure and uncertainty over Warsh’s approach to inflation could therefore become particularly important for longer-dated Treasury yields and inflation expectations.

Analysis: Why the Fed Battle Matters

The central issue is no longer simply whether the Fed cuts or raises rates at its next meeting. It is whether investors continue to believe that the central bank can make those decisions independently of the White House.

If markets begin to believe that political considerations can influence the composition of the Fed’s governing board, expectations for future inflation could become less firmly anchored. Investors may demand higher yields to compensate for the possibility that inflation remains elevated for longer.

That would make government borrowing more expensive and could create wider financial-market volatility.

Warsh therefore faces a critical test. He must balance his desire to reform the Fed with the need to demonstrate that monetary policy remains driven by inflation and economic conditions rather than presidential demands.

His decision at the next meeting could become an important signal to markets.

If Warsh supports tighter policy despite Trump’s pressure, he could strengthen perceptions of Fed independence. If he instead supports a more dovish position while political pressure intensifies, doubts about the central bank’s commitment to price stability could deepen.

For bond investors, the consequences could be significant. The immediate question may be whether rates rise in September, but the larger question is whether markets still trust the Fed to control inflation independently of the White House.

With information from Reuters.

Lillia Turner, who plays Lily Slater on EastEnders, has forged a remarkable bond with her on-screen mother Lacey Turner – and the pair share more than just a surname

EastEnders star Lillia Turner joined the soap as Lily Slater back in 2020.

The actress may share a surname with her on-screen mum Lacey Turner, but the pair are not related in real life though you would be forgiven for thinking otherwise.

The teenager, who plays feisty Lily on the BBC One soap, has built a warm and genuine relationship with Lacey, who plays Stacey Slater and the bond between them is clear both on and off set.

Lillia was born on 16 March 2009, making her 17 years old, while her on-screen character Lily is currently 16. She took over the role in 2020, having been chosen to breathe new life into the character previously played by Aine Garvey from 2014 to 2019.

Away from the bright lights of Walford, Lillia lives the life of a typical teenager. In May 2025 she temporarily stepped away from EastEnders to focus on her GCSE examinations, demonstrating that despite her impressive acting career, her education remains a firm priority.

She returned to screens in August 2025, picking up where she left off and continuing to impress both fans and fellow cast members alike.

One of the most charming glimpses into Lillia’s life away from the soap came when she teamed up with co-star Thomas Law, who plays Peter Beale, for an impromptu singing session.

The pair took advantage of a break on set to record a rendition of Best Part by Daniel Caesar, with Law posting a snippet of the performance on Instagram, writing: “[Lillia] and I stealing the echos from the staircase for our teaser version of this beautiful song.”

The clip quickly drew warm reactions from their EastEnders colleagues. Bobby Brazier, who plays Freddie Slater, wrote: “Omg so happy to see, yes lilia,” while Denise Fox star Diane Parish called them “Cutie pies.” Lauren Branning actress Jacqueline Jossa added: “Lillia amazing beautiful girl x.”

The performance offered a peek at a hidden talent that has clearly delighted her castmates, with Lillia’s singing voice earning particular praise in the comments.

Despite not being related in real life, fans frequently mistake Lillia and Lacey for genuine family members thanks to their striking facial similarities, matching surnames and undeniable on-screen chemistry.

Lacey has been vocal in her admiration for her young co-star, heaping praise on Lillia in an interview with Digital Spy.

“Lillia is such a great little actress. There’s something about her that is so warm and so natural, and her instincts are just bang-on,” Lacey said. “She’s been so desperate for a storyline of her own for so many years, so to see her have one is lovely.

“To watch her absolutely nail it has just been brilliant. I’ve tried to stay out of it as much as I can because Lillia actually doesn’t need any help, tips or guidance because she’s just great. She’s got something that is so natural that I don’t want to take that away from her.”

It is high praise indeed from one of EastEnders’ most beloved and long-standing stars, and a testament to just how much of an impression the young actress has made since joining the cast.

Since her arrival on EastEnders six years ago, Lillia has tackled some of the soap’s most challenging storylines, most notably when Lily discovered she was pregnant at just 12 years old.

The powerful performance earned Lillia the Best Young Performer award at the 2023 British Soap Awards, cementing her status as one of the most talented young actresses on British television.

More recently, Lily has found herself at the heart of a gripping new storyline surrounding the attack on Joel Marshall, with the character confessing she had been withholding key information about what she witnessed that night.

With her GCSEs behind her, a soap award already on the mantelpiece, and a castful of admirers cheering her on, Lillia’s future both on and off screen looks extraordinarily bright.

EastEnders airs Mondays to Thursdays at 7.30pm on BBC One and BBC iPlayer

Published on
11/08/2026 – 13:25 GMT+2

Crude and US Treasury yields rose together as traders judged that the exchange of compensation demands between the US and Iran has pushed any potential deal further out of reach.

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The US president said on Monday he had told his negotiators to seek payment from Iran for Americans killed and wounded in attacks he attributes to Tehran going back decades, including the bombing of the USS Cole in the year 2000 and for Iranians killed in protest crackdowns.

In a follow-up post on Truth Social he expanded on the demand, saying Iran should also pay for “the damages and death caused to the people of Lebanon, Syria, Yemen, and Gaza”.

Tehran, whose representatives had sought compensation for five months of US and Israeli bombardment, says the Strait of Hormuz will stay shut until Washington lifts its naval blockade, ends sanctions and releases frozen Iranian assets.

The front month contract on Brent traded at around $89.8 a barrel on Tuesday and West Texas Intermediate at about $84.2, both up roughly 2.5%.

The US bond market read it the same way, with yields rising across the US curve in a modest global sell-off, the two-year over 4.25%, the ten-year above 4.7% and the thirty-year higher than 5.27%. The yields for all durations are trading at the highs of this year.

Since yields move inversely to prices, the rise means investors are selling government debt as they expect that costlier oil will feed into inflation and strengthen the case for higher interest rates.

Money markets now put roughly even odds on a Federal Reserve rate hike in September, with July inflation data due on Wednesday.

Control claimed, traffic missing

The current stalling of US-Iran negotiations is deliberate as US President Donald Trump appears to have been favouring a slower approach as of late.

The US president told Axios in an interview published on Sunday that the US is “low-keying it,” meaning Washington was only semi-negotiating and content to watch Iran’s inflation and empty coffers do the work, a signal he is prepared to let economic pressure mount rather than order a fresh military campaign.

In the Oval Office on Monday, he struck a triumphant note, claiming the US controls “100%” of the Strait of Hormuz, that only the US Navy holds sway in the region, that American forces have swept it clear of Iranian mines and that the blockade of Iranian ports is impenetrable.

However, shipping data tells another story.

Confirmed crossings have run at 6 to 11 vessels a day recently, against the 130 to 140 daily before the war, according to Kpler data, leaving traffic at a fraction of normal levels throughout the five-month conflict.

The U.S. 9th Circuit Court of Appeals dealt another blow to the Trump administration’s mass deportation project Thursday, ruling alongside the 7th Circuit that most immigrants cannot be held without bond while fighting to remain in the U.S.

The rulings will apply to jurisdictions that stretch across much of the southern border, affecting states where large numbers of immigrant detainees are held in federal custody. Unless immigrants are caught while crossing the border or soon after, they will now be entitled to a bond hearing, where a judge will decide whether there is enough evidence to justify their indefinite detention.

The twin decisions come little more than a year after the Department of Homeland Security ordered “mandatory detention” for all immigrants picked up by its agents — a policy that had previously only applied to those caught at the border.

The policy shift sowed chaos in federal courts, as thousands of immigrants began suing for bond hearings that had long been automatic. California’s district judges were overrun with emergency petitions for writs of habeas corpus, a legal maneuver rarely used outside death row appeals.

“Versions of this case have played out in federal courts across the country,” Judge Daniel A. Bress wrote for the 9th Circuit on Thursday. “The vast majority of the district courts to confront the issue have concluded that [mandatory detention] is limited to the border.”

Those district court battles have grown increasingly heated as caseloads have swelled.

This spring, Eastern District of California Chief Judge Troy Nunley took the rare step of sanctioning a government lawyer over failing to tell the court if and when a man he’d ordered released had actually gone free.

The attorney told Nunley he was drowning in nearly identical cases and had fallen behind with the paperwork. In an interview, Nunley said he and other judges were “up all night” ruling on emergency petitions and ensuring those orders were followed.

The sanction was later transferred from the lawyer to the U.S. attorney’s office, though Nunley warned that he would issue more if he didn’t see proof immigrants had been set free as ordered.

“A pattern of unchecked and unaddressed mistakes in complying with court orders will be viewed as a deliberate and strategic choice,” he wrote in his order.

The majority of appellate courts have now also sided against the administration. As of Thursday, two circuits have affirmed the government’s position and six opposed it, teeing up what experts call an inevitable Supreme Court challenge.

Both of Thursday’s decisions invoked the high court’s future stake in the case. The 9th Circuit wagered that only two justices were likely to side with the administration, while the 7th merely implored the high court to weigh in.

“At this point, only the Supreme Court can bring uniformity and settle this question once and for all. I anticipate that it will do so soon,” Judge Diane S. Sykes wrote in her dissent.

“We share the dissent’s hope that the Supreme Court will settle this matter,” Judge Joshua P. Kolar wrote for the majority.

The Indianapolis Colts took a flyer on an impressive athlete from Kenya 13 years ago, but a story that began with an inspirational backdrop has taken an increasingly familiar turn: Daniel Adongo was deported from the United States last month, U.S. Immigration and Customs Enforcement confirmed.

According to ICE, Adongo, 37, overstayed his visa after his brief NFL career ended in 2015 and he remained in Indiana. The former linebacker and African rugby star was arrested several times over the past nine years for crimes including felony intimidation, battery and disorderly conduct. He also showed signs of mental illness, according to court records.

“This dangerous individual was clearly a threat to the community, which is now safer since he’s been removed,” ICE Chicago Assistant Field Office Director Douglas Thompson said in a statement. “Those who violate immigration law are held equally accountable, including former professional athletes.”

Adongo was released by the Colts after playing in two games in 2013 and three in 2015, mostly on special teams. The team cut ties with him after police were called to a home in Fishers, Ind., to check on a woman who lived with Adongo.

According to a police report, the woman’s friend contacted law enforcement. Adongo was not at the residence at the time, and the woman declined medical assistance. The Hamilton County prosecutor’s office reviewed the case and did not charge Adongo.

However, the 6-foot-5, 260-pound Adongo began exhibiting increasingly erratic behavior. In 2017, an Indiana judge found him mentally incompetent to stand trial in a criminal case in which he was charged with intimidation and criminal mischief and ordered him committed to a state psychiatric hospital for evaluation and observation, according to the Indianapolis Star.

The only crime Adongo has been convicted of is a criminal mischief misdemeanor in 2020 for which he was sentenced to 364 days in jail, according to ICE. Other charges for intimidation, battery and disorderly conduct were dismissed.

Judges twice found Adongo incompetent to stand trial, according to court filings, including one case in which an expert witness testified that Adongo was acutely psychotic and possibly suffered from chronic traumatic encephalopathy — brain trauma — from playing football and rugby.

Members of Adongo’s family described in court filings a dramatic personality change in him after his playing career ended and expressed concern that he struggled to access mental health treatment.

ICE held Adongo without bond for several months under the Laken Riley Act, a federal law signed Jan. 29, 2025, that requires the Department of Homeland Security (DHS) to detain undocumented immigrants without bond when arrested for specific crimes. He was deported one month ago.

Adongo was the first of two Kenyans to play in the NFL. The second was guard Rees Odhiambo, who played in 16 games from 2016 to 2018 for the Seattle Seahawks and Arizona Cardinals.

Aitch has released a brand new documentary and it can be streamed today

Manchester rapper Aitch has shared his heartwarming relationship with his family as he embarks on his toughest challenge yet.

Aitch: Don’t be afraid has today (Sunday, July 26) been released on Netflix as it chronicles the rapper’s journey up Africa’s highest peak with friends and family. Aitch has climbed Mount Kilimanjaro to raise awareness for the Down’s Syndrome Association in honour of his sister Gracie.

An official synopsis reads: “Inspired by his sister, rapper Aitch scales Mount Kilimanjaro to raise funds for people with Down syndrome and to fight for greater inclusivity.”

Already, Netflix subscribers are tuning in as one person wrote on social media: “Defo be watching @OfficialAitch netflix documentary! Such a great guy.”

Another replied: “Can’t wait to see this. Congratulations team!” As the brand new documentary airs, here’s all you need to know about Aitch’s sisters as well as the star’s incredible net worth.

Aitch’s relationship with his sisters

Aitch, whose real name is Harrison Armstrong, has an inspiring bond with his younger sisters Hattie and Gracie, often stating he makes music to support them. With a strong bond with both of his siblings, he has a publicly documented relationship with one sister, Gracie, who has Down syndrome.

In the brand new release, Aitch shares his special relationship with Gracie as he tells the cameras: “It’s just the best relationship ever. If there’s a blueprint of what a human should be, it probably is her.

“She couldn’t love the people around her more if she tried, she smothers you with love.”

Hattie and Gracie are non identical twins, but equally have a loving bond with their older brother, who worships everything they do.

Previously speaking at the Pride of Britain, the star said his sisters were his personal heroes, before paying special tribute to Gracie who he said was an “absolute soldier”.

Previously appearing on I’m a Celebrity Get Me Out of Here last year, he held pictures of his younger siblings near his camp bed as he said his sisters were his “whole heart”.

In one episode, speaking about Gracie he told his campmates: “She’s the GOAT honestly. There’s not one person that’s ever met her that’s said a bad word.”

In his 2022 song My G, featuring Ed Sheeran, there was a touching tribute to Gracie as all profits went to the DSA, which Aitch is also an ambassador for.

The star often takes to social media to share heart-warming videos, with fans loving his close bond with his siblings.

Just recently, teasing the new documentary, Aitch wrote on Instagram: “GRACIE, THIS IS FOR YOU AND THE OTHER 40,000 BEAUTIFUL PEOPLE JUST LIKE YOU DONT BE AFRAID! 26/07/26 @netflixuk.”

The support came pouring in as one person replied: “GRACIE WE LOVE YOU”, as another echoed: “You’re an inspiration . Your sisters are so lucky to have such an amazing big brother.”

Aitch’s net worth

Aitch’s net worth was estimated to be around £3.5million in 2025, which has been accumulated through his skyrocketing career as a rapper.

However, Heat’s 2025 Rich List, as reported by Bauer Media, Aitch found himself number 9 with an estimated £14.4m.

Aitch: Don’t be afraid can be streamed on Netflix now

Call Me by Your Name fans need to watch this “sexy” upcoming Netflix drama.

A “magnificent and sexy” Netflix drama is poised to star two Hollywood icons.

Book and film fans were captivated by Andre Aciman’s Call Me By Your Name, and now another of his bestselling novels is being transformed for television.

Aciman’s 2017 work Enigma Variations centres on “Paul, a man remade by the lovers who ignite and undo him across six transformative years”.

Netflix further describes it as an “intimate yet sweeping portrait of masculinity, sexuality and modern love.

“And in a world of endless choices, it asks the question: will we know when we’ve found the one?”

Taking the lead role as Paul is none other than Aaron Taylor-Johnson, renowned for 28 Years Later, Kicka**, Nosferatu and Nocturnal Animals.

Taylor-Johnson has also remained consistently amongst the bookmakers’ top picks to be cast as the next James Bond, alongside other contenders such as Callum Turner and Jacob Elordi.

He’ll be appearing opposite Alicia Vikander, celebrated for The Danish Girl and Tomb Raider, who plays Claire, one of Paul’s principal love interests throughout this period.

An official launch date hasn’t been revealed yet, but the Netflix adaptation is anticipated to mirror the books by being set across multiple locations including Italy, New York and New England.

Enigma Variations was hailed as a “magnificent living thing” by The New York Times Book Review, which added that “Aciman writes arousal so beautifully”.

The book has also garnered enormous praise from readers, with one commenting on Good Reads: “This book is staggeringly beautiful. Powerfully emotional, haunting, frank in its sexuality and its romanticism, this is a book about love, infatuation, longing, and lust.”

Another agreed that the “book blew me away”, while a third added: “Evocative, poetic and hopelessly romantic, Andre Aciman has written a cerebral narrative of love undefined.”

Enigma Variations is arriving on Netflix

A Florida judge set a $1 million bond for former Detroit Lions cornerback Terrion Arnold, who has been in jail since being arrested last week in connection to an alleged armed attack on a group of men in Tampa, Fla., in February.

Arnold will not have to wear an ankle monitor while he awaits trail on eight felony charges of kidnapping and robbery that could keep him in prison for life if convicted, thus clearing the way for him to practice and play football during that span.

He won’t be doing so, however, with the team that drafted him at No. 24 overall in the 2024 draft. The Lions announced Monday afternoon on X that they have released Arnold, with no other details provided.

Hillsborough County Judge Christopher C. Sabella said during Monday’s hearing that Arnold already has a “paparazzi monitor” that would prevent any potential attempts to flee.

“If he is late for practice, ESPN will let us know,” Sabella said. “If he violates the conditions of his bond, he will be found.”

Arnold was ordered to remain at his Tallahassee home except for when he’s playing, training and traveling with the Lions. He also has to turn in his passport and cannot have any contact with other people tied to the case.

The Hillsborough County state attorney’s office had argued for Arnold to remain behind bars until trial. The county jail’s inmate tracker has not been updated and does not indicate if he has posted bond or been released.

According to the Tampa Police Department, Arnold is believed to be the “primary conspirator” in an alleged plot that left three young men with “visible injuries from being battered, held at gunpoint, and pistol-whipped before their personal property was stolen and they were ordered to leave.”

Arnold turned himself in Wednesday night and pleaded not guilty at his arraignment hearing Thursday afternoon.

“Today’s ruling by Judge Sabella confirms that there is very little evidence to even suggest any criminal involvement by Mr. Arnold,” Denise White, chief executive of EAG Sports Management, which represents Arnold, said in a statement emailed to The Times.

The Associated Press contributed to this report.

Published on
23/06/2026 – 10:53 GMT+2

SpaceX shares closed at $154.63 on Monday, down around 16% on the day. That leaves them within touching distance of the $150 at which the shares first changed hands when public trading opened, the level set once underwriters finished building the order book, though still some way above the $135 price at which the IPO itself was struck.

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The slide has erased more than $600 billion (€524.2bn) in market value over three trading days, dragging the company down from a peak that had lifted it past Amazon and, fleetingly, Microsoft, in terms of market capitalisation.

Its valuation now sits just above $2 trillion (€1.74tn), below Taiwan Semiconductor Manufacturing Company (TSMC), making it the seventh most valuable company in the world.

The retreat unwinds a remarkable opening run.

After the open at around $150 on 12 June, shares climbed to almost $226 by 16 June, a gain of roughly two-thirds before the company had published a single set of results as a public firm.

Currently, SpaceX is trading over 30% lower than the intraday high of around $226 and only 3% higher than the opening price.

That rally always rested on a thin pool of freely traded shares and lofty expectations for its AI ambitions, leaving it exposed to a sharp reversal once sentiment turned.

Tapping debt to fund the AI push

The latest leg down on Monday coincided with SpaceX’s first move into the corporate debt market.

The company announced an inaugural offering of senior unsecured notes, with people familiar with the plans reportedly putting the target at around $20 billion (€17.4bn).

The proceeds are earmarked chiefly to repay a bridge loan taken on during its merger with Elon Musk’s AI venture xAI earlier this year, with the remainder going to general corporate purposes.

The debut bond sale follows the investment-grade credit ratings awarded last Friday by all three major agencies, Moody’s at Baa1, Fitch at BBB+ and S&P Global at BBB, which open the door to cheaper borrowing and a wider pool of institutional lenders.

In documents tied to the offering, SpaceX also disclosed a cash position of roughly $100.8 billion (€88bn) as of 19 June, much of it raised in the IPO, alongside $29.1 billion (€25.4bn) of long-term debt.

That mix of vast cash reserves and fresh borrowing so soon after a record flotation has unsettled some investors, who see the rapid fundraising as a sign of heavy spending ahead as SpaceX scales its AI and data centre plans.

Opting for debt rather than new shares does, however, spare existing shareholders further dilution, preserving their economic stake while the company funds its expansion.

Jennie Bond was BBC Royal Correspondent for 14 years and struck up a friendship with Lady Diana.

Jennie Bond’s illustrious journalism career stretches back over five decades, during which she has covered a vast array of remarkable stories.

In 1989, she took on the role of Royal Correspondent for the BBC, a position she held for 14 years before stepping down in 2003 to dedicate more time to her family and pursue freelance work.

During her time as a royal reporter, however, she forged a close friendship with Lady Diana, which she discussed with Raj Bisram during her appearance on Celebrity Antiques Road Trip. A repeat of that episode aired this evening (June 20) on BBC Two.

The BBC antiques expert quizzed her on just how close their relationship was, to which she responded: “I was a journalist that she got along with and shared confidences with.

“You know, ‘There were three of us in this marriage,’ all this sort of stuff.”

“Then, at the end, annoyingly, she’d say, ‘Of course, Jennie, this is just between you and me and these four walls.’ I’d think, ‘Ugh!’ So I kept it that way.”

Raj then asked which interview throughout Jennie’s career had left the greatest impression on her, reports Devon Live.

She answered: “I suppose, when I challenged her in Angola on the land mine mission, when she was trying to get an international ban on land mines.

“I said, ‘Ma’am, you’ve been accused of being a loose cannon,’ and she was very shocked and said, ‘I’m just trying to be a humanitarian. That’s it.'”.

“That was pretty momentous. It made an awful lot of news.”

At the time, Lady Diana was described as a ‘loose cannon’ by a junior government Cabinet minister who condemned her position on landmines.

The tense exchange, which took place in 1997, was captured in a documentary of the time, showing Lady Diana’s response to Jennie’s pointed question.

She said: “I’m only trying to highlight a problem that’s going on all around the world. That’s all.”

She was subsequently filmed climbing into a waiting car, visibly moved by Jennie’s remark, as she told the camera team: “I might really burst into tears now. Who said I’m a loose cannon?”

Celebrity Antiques Road Trip is available to watch on BBC iPlayer.

Vesuvius views on the Sorrentine coast

The Hotel Villa Garden, Sant’Agnello is a ravishing but small, friendly, family-run hotel about 25 minutes walk from the centre of Sorrento. The view from the cliff-edge dining terrace over to Vesuvius is breathtaking and the stylish pool is a delight. The decor is crisp and sunny. It’s the kind of place where they bring you a free glass of rosé while you wait for your taxi to the airport. Very Billy Wilder. Very Avanti.
Jan Colley

An idyllic island stay on the French Atlantic

We loved our stay at L’Hôtel La Jetée on Île de Ré (doubles from €85 B&B), which is perched on the corner of the Vauban fortified port of Saint Martin de Ré. An attractive courtyard garden filled with designer furniture is surrounded by floral balconies leading to light, airy and tasteful coastal-themed rooms. Breakfast was a real pleasure, taken in the courtyard or in the salon. The hotel’s front aspect overlooks the charming harbour with seafood restaurants and renowned ice-cream vendor La Martinière. Bike hire is available a couple of doors down for exploring the island (try a tandem) and the catamaran trip that leaves from the harbour is an elegant way to dabble in yacht life without the price tag.
Anna Kennett

Beachfront bolthole in Galicia, Spain

Forty miles south of Santiago de Compostela, Hotel Nanin (doubles from about €100 B&B) has a great location right on the beach. We had a stunning view from our room, overlooking the pool and the bay. We came across this spa hotel on a road trip around the Portuguese and Spanish coast, and we’ve returned to it since. It is about a 30-minute walk into the town of Sanxenxo, where there are more beaches, loads of restaurants and a lively promenade.
Louise

Five-star Italian luxury on the Adriatic

The abundance of hotels in the Italian resort of Rimini keeps prices competitive – I even found a good deal at the five-star Grand Hotel. If you ask for a room in the annex (doubles from €120 B&B), you can still enjoy the hotel’s facilities and services, including the open-air pool and palm-filled gardens. The wood-panelled library has fascinating photos of old movie stars and huge chandeliers. Fresh fruit in the generous breakfasts is brought in from Rimini’s daily market, and sunloungers on the nearby beach are reserved for guests. The whole hotel has an atmosphere of faded 1960s charm – I could have imagined Sophia Loren and Marcello Mastroianni strolling in, champagne glasses in hand.
Penelope

A Biarritz time machine, France

The hotel Eduardo VII (doubles from about €104 B&B) in Biarritz is in a three-storey wooden building that feels more like a private guesthouse than a hotel. It’s like a time machine that takes guests back to when Biarritz was the height of fashion and elegance. The charming building has kept many of its original features, including wood panelling, creaky wooden floors and ornate mirrors. Bedrooms are small but cosy. Having breakfast on the sea-facing terrace was a great start to our days there – making my husband and I feel like movie stars, ready to go out and shoot a scene in a Jean Luc Goddard film by strolling along the long sandy beach.
April

Art deco vibes in Corsica

Just outside the little town of Piana, an hour’s drive up the Corsican coast from Ajaccio, is the wonderful Hotel les Roches Rouges (doubles from about €170 B&B). Built in 1912, it has a glamorous art deco vibe (and plenty of old photos on the walls). But it’s all about the view over the sea from the terrace, where the sun sets over the pink granite coastline, and you could sit all day and evening watching the colours flame and change. And the restaurant is wonderful, so you needn’t leave at all.
Laura

An oasis in southern Tenerife

Southern Tenerife is associated with boilerplate package holiday hotels. But the 1920s time capsule Hotel Reverón Plaza (doubles from £181 B&B in September) is an art deco oasis, only steps away from the beach. Step inside from the street to sip champagne amid vintage wrought-iron furniture and antique switchboards. Skip the lift and take the stairs to see them glowing under century-old stained-glass windows. On the rooftop, an unpretentious pool serves up stunning 360-degree views of the sea and surrounding hills. At around £130 a night – complete with a fantastic Spanish breakfast – it’s an absolute steal.
Erin

Faded grandeur on a car-free Greek island

On Kastellorizo, a tiny car-free island in the Dodecanese, the Megisti hotel (doubles in September from about £250 B&B a night) feels like a step back in time to the 1960s. You are immersed in aged, elegant glamour and half expect James Bond to appear in a white tuxedo and order a martini. Megisti’s spectacular setting and crystal-clear waters offers great views of loggerhead sea turtles that are often seen here as you walk around the gorgeous natural harbour.
Karen Stewart

Beachside glamour in Norway

On the island of Stokkøya in central Norway, Stokkøya Strandhotell sits beside a sweeping white-sand beach that looks more Caribbean than Nordic. The stylish timber cabins (from around £160 a night), some built partly into the dunes, offer a design-hotel feel without luxury-resort prices. Days are spent swimming, hiking coastal trails or warming up in the beach sauna after a dip in the sea. Evenings mean local seafood and a drink at the laid-back Strandbar (beach bar). It feels wonderfully remote and glamorous in a distinctly Scandinavian way, yet remains surprisingly affordable for Norway.
Sabine

Winning tip: spa bargain on a volcanic Italian island

As a lifelong backpacker, it takes a real bargain for me to entertain a spa hotel. Lo and behold I found myself on the island of Ischia, off Naples, where thermal waters are abundant and spa hotels are wildly affordable. The art deco Hotel Hermitage was a short walk from the ferry port, with views of the Aragonese castle, and comes complete with four thermal pools. For £50 a night [at the time, website rate now from around £90] I had my own large single room, balcony, delicious buffet breakfast and full access to the spa. The closest my backpack and I will ever come to true Italian glamour.
Clare