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- Trespassing on railway tracks caused one million minutes of delays last year
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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.
The Financial Times reports on the release of new data from the Office for National Statistics which shows that net immigration hit a record 745,000 last year.
Energy price cap: Average annual bill to rise by £94 from January, Ofgem announces Sky…
Ofgem energy price cap: what does the new year rise mean for households? The Guardian…
“Tax burden surged despite Hunt cuts,” writes the Financial Times, as it reports that the chancellor has cut business and personal taxes by £20bn in the autumn statement.
‘This price rise will come at the worst time of year for households, who will be using more energy at home during one of the coldest points of the winter.’
Energy price cap set to rise in January Ofgem are set to announce a new…
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