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Rolling coverage of the latest and economic news, as US sells 30-year bonds at highest borrowing costs since 2001Gennadiy Goldberg, head of US rates strategy at TD Securities, agrees that the rise in US borrowing costs is “problematic” for the Trump Treasury, adding (via the FT):“They have to fund the government at more expensive levels.”“Investors are being asked to absorb a growing supply of government debt globally at a time when deficits remain large, inflation uncertainty persists

Female staff alleged company failed to maintain safe workplace, after allegations of sexual assault against pilotThe Canadian airline WestJet has agreed to pay C$4.5m (£2.4m) to settle a decade-long sexual harassment class action lawsuit levelled by its female flight attendants, who alleged the company failed to maintain a safe workplace.The suit followed allegations by Mandalena Lewis, a former flight attendant, that a pilot had sexually assaulted her and a colleague, but that WestJet

Airline says it has accepted offer from Apollo Global Management after rival bidder Castlelake walks awayEasyJet has formally agreed to a £5.7bn takeover from US private equity firm Apollo Global Management.The airline announced it had accepted a firm offer on Thursday after a ri

Proposed legal settlement over 2022 oil spill would resolve allegations that South Bow violated clean water lawsA proposed legal settlement with the US government would require the Keystone pipeline system’s operator to pay a $26.9m civil penalty over a large oil spill in Kansas in December 2022 and spend about $40m more to prevent future accidents.The agreement would resolve allegations from the US Environmental Protection Agency (EPA) and Kansas that South Bow, based in Canada, viola