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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.
Jeremy Hunt has once again frozen alcohol duty, he revealed in today’s Spring Budget.
Chancellor Jeremy Hunt has cut National Insurance for workers by another 2p from April 6 – Spring Budget announcement!
Jeremy Hunt has announced a new tax on vaping as part of the Spring Budget.
Apple has been fined €1.8bn (£1.5bn) by the EU for breaking competition laws over music streaming. The firm had prevented streaming services from informing users of payment options outside the Apple app store, the European Commission said.
City AM – Back in room The front page of the London business newspaper City…
A series of other measures to help tackle the economic woes were also announced, including the development of new initiatives to tackle problems in the country’s crisis-hit property sector.
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