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Using the pressure of the sun’s rays to propel spacecraft, solar sails will allow future unmanned missions to be longer and cheaper while reaching the outer solar system—and possibly beyond.
Turkey Plans to Send Police and Troops to Qatar for World Cup
India Jobless Rate Drops to Four-Year Low Before Festival Season
Sony Betting Big on Next VR Headset With Increased Production Plan
Prosus Cancels $4.7 Billion Acquisition of India’s BillDesk
Wealthy Use Loophole to Reap Tax Breaks — And Delay Giving Away Money
Porsche Shares Drop Below IPO Price Within Days of Making Debut
Scientist Svante Paabo Wins Nobel in Physiology for Human Evolution Research
Sony Betting Big on Next VR Headset With Increased Production Plan
EU Aims for Russia Sanctions Deal Today, Including Oil Price Cap
Pakistan Court Drops Contempt Case Against Ex-PM Imran Khan
Billionaire Arora Family Saved Their Riches Before B&M Tanked
Rich Kids’ Boot Camps Return as Private Banks Woo Next-Gen Wealth
Tom Brady Gets Bucs Offense Going, Defense Struggles
Spectator At Steelers Game Dies After Fall From Escalator
October’s Frights Start With Credit Suisse, Inflation
British Bungling Makes It Hard to Be an Anglophile
Welcome to the Scary, New Inflationary World
Millions in Cryptocurrency Vanished as Agents Watched Helplessly
Cash Retakes Its Crown as the Fed Wrestles With Inflation
Destino da Amazônia está em jogo na eleição brasileira
Few Florida Homes Hit by Hurricane Ian Are Covered for Floods
Daily Mirror Sorry After Mistaking Man for Chancellor Kwarteng
BYD Sales Hit Fresh Record as Chinese Consumers Embrace Hybrids
Will the Supreme Court Restrict the Scope of the Clean Water Act?
Chief Heat Officers Face Rising Temperatures — and Expectations
How Do You Wedge a Condo Into a Tiny Site? Work the Angles
Death Toll From Hurricane Ian Likely to Take Weeks to Finalize
Is Web3 Really Going That Great?
Bitcoiners Hunker Down for ‘Storms Ahead’ as Retail Stays Away
Coinbase Resolves Problem That Halted Payments From US Banks
Governments and companies around the world are facing unprecedented costs to refinance bonds, a burden that’s set to deepen fissures in debt markets and expose more vulnerabilities among weaker borrowers.
A corporate treasurer or finance minister looking to issue new notes now would likely have to pay interest that’s about 156 basis points higher on average than the coupons on existing securities, after that gap surged to a record in recent days. That all adds up to about $1.01 trillion in additional costs if all those securities were refinanced, according to calculations using a Bloomberg index tracking some $65 trillion of government and corporate debt across currencies.
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