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- Zelenskyy proposes meeting with Putin to end war in open letter
- John Bolton agrees to plead guilty in classified documents case
- Dawa Sherpa found alive after six days on Mount Everest
- Support increases for US bill aiming to restrict arms sales to Israel
- Study finds vitamin D and calcium may have limited impact on bone health
- Four indicted for alleged £30 million Medicaid fraud involving children’s services
- Kuwait releases CCTV footage of deadly drone strike at airport
- Estate agent, 22, dies after severe health decline linked to ketamine addiction
Business
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.
President Trump announced that the US blockade of Iranian ports is proving effective, urging Tehran to “just give up” amid escalating tensions. Iran’s Parliament Speaker dismissed the blockade’s impact, stating it has only increased global oil prices, while tensions in the Strait of Hormuz continue to disrupt markets.
The Financial Times reports that Russia has a “low bar” when it comes to using tactical nuclear weapons.
In a blog post sharing an email sent to employees, boss Jim Ryan called the move “sad news” and said it was “a difficult day at our company”.
The employees are set to be moved to Apple’s artificial intelligence (AI) division instead, according to Bloomberg News.
Russia is becoming more dangerous, America is less reliable and Europe remains unprepared. The problem is simply put, but the scale of its solution is hard to comprehend.
The Financial Times has carried out an analysis of OECD data for its lead story, which finds that a global drop in house prices that hit advanced economies has “largely petered out”.
“We don’t think we should be implementing certain tax cuts now, essentially that are paid for by uncertain spending cuts that might never be delivered,” IFS deputy director Carl Emmerson said.
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