The Papers: 'Borrowing costs hit 28-year high' and 'Come cry with me'
The upcoming local elections on Thursday and jet fuel shortages dominate Wednesday's papers.

The upcoming local elections on Thursday and jet fuel shortages dominate Wednesday's papers.

Donald Trump's attorneys are asking a New York federal judge to block the release of nearly $5.8 million to E. Jean Carroll, arguing that a Supreme Court rehearing petition prevents disbursement of the civil verdict funds.

Apple is expanding its partnership with Broadcom in a multi-year deal exceeding $30 billion, focusing on U.S.-made custom silicon for connectivity components. The agreement includes a $1.5 billion expansion of Broadcom's Colorado facility and marks Apple's largest U.S. manufacturing commitment.

The U.S. Department of Commerce has reportedly cleared OpenAI to release its advanced GPT-5.6 model, with a rollout anticipated as early as this week. This follows additional testing and government meetings, and comes as the Trump administration increases AI regulation.

Millions of leaseholders in England and Wales face rising service charges and ground rent, causing significant stress. The UK government plans to ban new leasehold flats, replacing them with commonhold, where residents collectively own and manage their buildings.

Family package holidays to Dubai and Egypt are cheaper this summer due to price cuts by tour operators, while European destinations like Spain, Portugal, and Greece have seen price increases. The war in Iran and airspace concerns have deterred some UK holidaymakers from the Middle East.

President Trump announced the end of the U.S. ceasefire with Iran following overnight hostilities. The U.S. conducted strikes against Iran in retaliation for attacks on commercial vessels, leading to a withdrawal of oil export waivers and a significant rise in oil prices.