Borrowing Costs Surge, Quake Strikes Granada

Global borrowing costs surged to their highest since 2007 as US 30-year bond yields jumped to 5.33 percent, driven by oil pushing past $90 a barrel and reviving fears that inflation is roaring back into world markets. In Spain, a magnitude 4.8 earthquake struck near Granada, injuring three people, damaging cars and buildings, and forcing the Alhambra palace to close temporarily. Football filled out the rest of the day. Barcelona signed Rodri, the reigning Ballon d'Or winner and 2026 World Cup MVP, from Manchester City for around 65 million pounds, while Aston Villa agreed an initial loan for West Ham defender Aaron Wan-Bissaka with an obligation to buy in summer. Joe Root returned as England Test captain after Ben Stokes' surprise exit, taking charge against Pakistan at Headingley. Premier League chief Richard Masters attacked FIFA's abandoned plan to sell World Cup commercial rights as a self-inflicted wound. Elsewhere, testimony in the Lindsay Clancy trial described her repeatedly seeking help before killing her three children, backing a postpartum psychosis defence, and England's children's commissioner warned the Prevent scheme is failing children fixated with violence. Actress Phyllida Law, mother of Emma and Sophie Thompson, died at home aged 94.