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- Ukraine launches extensive drone strike on Wildberries warehouses in Russia
- Lawmakers update air passenger rights, enhancing protections for travellers
- Trump threatens 50 per cent tariff on Canadian goods worth $20 billion
- US and Saudi Arabia sign nuclear cooperation agreement for civilian programme
- Modelling scout linked to Epstein investigation found dead at home near Paris
- Ireland’s politicians outline plans for EU presidency amid key challenges
- Toronto officer provided burner phones from lost property to accused colleague
- House passes bill to restrict stock trading by members of Congress
Business
Russia’s economic situation is deteriorating after two years of growth linked to a shift to a war economy, according to IMF Managing Director Kristalina Georgieva. Despite raising the 2026 growth forecast slightly, Georgieva warned that inflation and sanctions severely restrict long-term prospects.
James Murdoch has finalised a deal to acquire New York Magazine and the Vox Media Podcast Network for over £300 million, enhancing his media portfolio. The transaction includes Vox’s news site and popular podcasts, while CEO Jim Bankoff will continue to lead operations under Lupa Systems.
The EU’s trade deal with South America’s Mercosur bloc has begun provisional implementation after 25 years of negotiations. This agreement forms one of the world’s largest free trade areas, encompassing 720 million consumers and aiming to reduce tariffs on over 90% of bilateral trade.
US liquefied natural gas exporters are poised to gain as markets plummet amid the Iran war: Markets are plummeting as the conflict escalates – but not every industry is affected.
“Staring down the barrel at higher costs”: UK businesses grapple with uncertain futures as US tariffs threaten profit margins and market stability.
The European Union’s proposal for the EU-INC aims to create a single company structure to enhance cross-border growth for startups, addressing fragmentation in company laws. The initiative has gained support from over 23,000 in the tech startup community.
Original Factory Shop faces potential closure of all 137 stores, raising concerns about job losses and the future of discount retail in the UK.
In a bold move, the company invites employees to vote on potential layoffs, echoing the moral dilemmas of “Squid Game,” highlighting employee involvement in tough choices.
UK employment dips as wage growth stalls, signaling economic concerns. The shrinking workforce highlights the need for strategic policy shifts.
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