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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.
Get 2024 started on the right financial footing.
‘We’re possibly talking thousands back for many.’
The Financial Times reports that Rishi Sunak has promised a new law “within weeks” to overturn the convictions of sub-postmasters and sub-postmistresses involved in the Post Office Horizon scandal, the paper describes the legislation as “unprecedented”.
Tesco and M&S report strong Christmas sales Retail giants Tesco and Marks & Spencer have…
After Twitch cut over 500 jobs, rival streaming platform Kick is eyeing up a takeover says its founder.
The Financial Times reports that, since 2019, when the Court of Appeal ruled that Fujitsu software had been at fault in the scandal, the technology company has been the joint or sole recipient of £4.9bn worth of government contracts.
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