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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.
Beijing fears over UK-US trade accord cloud London’s bid to revive China ties FT says…
Thames Water’s CEO, Chris Weston, apologised for inadequate customer service and pledged improvements, amid rising bills and service disruptions.
📰 Nigeria sees highest economic growth in a decade – World Bank Nigeria’s economy grew…
What Putin wants—and how Europe should thwart him The Economist says “Putin’s war aims have…
China and US call truce in trade war with deal to slash punishing tariffs The…
The UK’s labour market has continued to show signs of strain, with the number of workers on company payrolls falling during the opening months of 2025. According to the Office for National Statistics (ONS), both employment figures and job vacancies have declined, suggesting ongoing softness in the economy.
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