Long‑term borrowing costs across major economies have surged to multi‑decade highs, sparking a bond sell‑off amid rising inflation and public debt fears.

Revolut’s chief executive, Nik Storonsky, is set to borrow up to $250mn against his stake in the fintech firm, raising questions about corporate leverage during a cost‑rising environment.

In the political arena, U.S. President Donald Trump is unexpectedly driving a clean‑energy boom, while Iran is reportedly considering striking U.S. military targets in Europe should the war intensify.

These developments underscore a complex mix of fiscal pressure, geopolitical tension, and a shifting energy narrative, all converging to push borrowing costs to new record levels.