A global selloff in long-dated bonds — including 30-year UK gilts, US Treasuries and Japanese government bonds — has deepened.

On today’s Big Take podcast, host David Gura, Bloomberg Economics’ Jamie Rush and FX reporter Mia Glass in Japan discuss what happened this week in UK and Japan bond auctions — and what it all means for the global economy.

Read more: Global Bond Selloff Deepens With Longer Debt Leading Losses

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Beijing is holding its first military parade since 2019, showcasing the strength of China’s armed forces. Underneath the show of power, a Bloomberg investigation has found President Xi Jinping is orchestrating the biggest purge of military leadership since Mao Zedong.

On today's Big Take Asia Podcast, host K. Oanh Ha speaks with Bloomberg's John Liu about the dramatic restructuring of China’s military and what this sweeping shakeup could mean for the rest of the world.

Read more: Xi Unleashes China’s Biggest Purge of Military Leaders Since Mao

Further listening:

The Shadowy Fleet of Tankers Moving Iranian Oil to China
Tensions Are Growing in the South China Sea

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The dismantling of USAID is contributing to a 17% drop in international foreign aid this year. That’s put some of the world’s worst conflicts in competition with each other for attention and resources.

On today’s episode of the Big Take, Crisis Group CEO Comfort Ero joins host David Gura to discuss what this drop-off in funding has meant on the ground in the places that need it most — and why it’s so hard to sell developed countries on increasing their foreign aid budgets right now.

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