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- 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
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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.
US stock markets experienced substantial losses, particularly in AI chipmakers like Nvidia and AMD, which plummeted after new export restrictions to China were announced.
The front page of the business newspaper The Financial Times this morning, April 16 2025,…
Vice President JD Vance’s comments that a UK-US trade deal is on the table and both countries are working hard to secure a deal makes several newspaper headlines, as does the latest from the US tariffs amid claims that new tariffs (on pharmaceuticals and big tech) are to come into effect ‘soon.’
The business newspapers are focused on the tariffs and the effects on businesses and the stock markets.
China’s economy recorded a 5.4% annual growth in the first quarter of 2025, bolstered by strong exports as companies aimed to circumvent imminent U.S. tariff increases.
Trump tech tariff twists This weekend, investors got a rare gift from the Trump administration,…
Risky corporate borrowers shut out of bond market since Trump’s tariff blitz America’s risky corporate…
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