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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.
CITY AM says Daily Royal Mail deliveries are vital to the UK economy and losing them could risk “real disruption” to the nation’s finances, MPs and business lobbyists have warned.
The Financial Times splashes on the news that Paris is pressing Britain to help fund nuclear power projects in the UK being built by the French government-owned energy company EDF.
A top think tank warns that tax cut promises in elections may need to be reversed due to severe economic challenges.
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