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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.
Britain’s flagship Hinkley Point C nuclear power plant has been pushed back again until 2029 at the earliest, according to the Financial Times.
French farmers have engaged in a standoff with the government to express anger over a perceived lack of respect, rising costs and suffocating EU regulation. Prime Minister Gabriel Attal seeks to calm the protesters while the far-right National Rally hopes to take advantage of their anger, just five months before the European elections.
CITY AM SAYS The City’s continued strength has helped push services to a record share of total exports, new research shows, but the relative weakness of the rest of the country has seen the UK slip internationally.
Financial Times – Narrow voter ID rules expose Tories to claims of bias Conservative ministers…
Latest official figures reveal that government borrowing in December was lower than expected, at £7.8bn, according to the Office for National Statistics.
New research indicates that two million people may face their gas and electricity being cut off this winter due to financial constraints, according to Citizens Advice.
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