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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.
VW to invest up to $5bn in electric vehicle maker Rivian German car giant Volkswagen…
Firm fined for selling China-made cars as Italian The Italian government has fined DR Automobiles…
Microsoft back as most valuable firm as Nvidia slips Nvidia has lost its position as…
Interest rates expected to be held at 5.25% On Thursday, the Bank of England is…
China car firms seek 25% tax on EU – state media Chinese car companies are…
City AM – Finally the England wine summer arrives Lead story The English wine industry…
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