Latest News
- Spain grants legal status to 1.2 million undocumented migrants under scheme
- Vatican excommunicates bishops from Society of St. Pius X in ongoing schism
- Controversial late penalty eliminates Senegal from World Cup against Belgium
- Toronto hosts Croatia and Portugal for final World Cup clash featuring Ronaldo and Modric
- Trump reports over £1 billion in earnings from cryptocurrency ventures in financial disclosure
- Two fatalities confirmed in North Shields house fire early Wednesday
- Archaeologists discover new evidence in search for Ark of the Covenant in Shiloh
- Ukraine urges swift EU accession amid Hungary’s concerns and Polish tensions
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 IMF has significantly downgraded the UK’s growth forecast for this year to just 1.1%, citing the adverse impacts of the global trade war and rising inflation.
Cliff Notes – Stellar Blade creator is one of the richest people in Korea as…
The ongoing market chaos caused by Donald Trump’s tariffs continues to dominate the business newspapers, as do reports about inflation, job risks and a UK-US trade deal that comes at a price. Tech stocks suffered a Wall Street sell-off on Wednesday after Nvidia revealed new US controls on sales to China will wipe billions of dollars from its earnings. The US dollar has continued to weaken for the fifth straight day, amid real fears that the world could start the process of de-dollarisation.
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