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- Brandon, Manitoba, declares state of emergency as river levels forecast to rise
- NASA administrator Jared Isaacman discusses agency’s plans on Face the Nation
- Police search for drink-driving father after fatal crash involving his daughter
- Questions arise over potential cannibalism in four-year-old boy’s murder
- Serbia prepares for EXPO 2027 amid ongoing EU accession discussions
- Ukraine strikes major oil terminal in St Petersburg amid conflict escalation.
- Nigel Farage failed to disclose funds from convicted fraudster, report says
- Three injured and two arrested following assault near Beacon Hill Park in Victoria
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.
The London business newspaper CITY AM reports on the reaction to the UK recession by Bank of England’s Andrew Bailey. The paper claims Bailey has stuck his head in the sand over the recession news, and reports on the reaction from MPs and economists.
The front page of the business newspaper Financial Times reports on Barclay’s pledge to return £10bn to shareholders over the next three years as part of an ambitious plan to boost revenues and rebalance the lender away from investment banking.
HSBC, Europe’s largest bank, saw a remarkable surge in its pre-tax profit, skyrocketing by nearly 80% to reach $30.3 billion (£24 billion) in 2023, driven by elevated interest rates.
Britain is showing signs of recovery from its mild recession and will receive a boost when interest rates start coming down later this year, the Bank of England governor, Andrew Bailey, has said.
Surge in pension fund buying drives revival in UK corporate bond market Pension funds are…
LSEG chief in line for salary bump London Stock Exchange boss set for multi-million-pound pay…
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