Latest News
- Three women found dead in suitcases may be linked to murder of Thai teenager
- 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
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.
Wednesday’s headlines continue to be dominated by Donald Trump’s widespread tariffs amid an escalation between the world’s two biggest economies: the United States and China. Trump’s retaliatory tariffs against China’s retaliatory tariffs sees the US tariffs on Chinese goods now at a rate of 104%. China has said it won’t back down and will continue to fight ‘until the end’ – the battle between the two has raised fears of a global recession.
Elsewhere, Prince Harry is back in Britain to attend a two-day hearing over the decision to cut back his security following his move to the United States. The royal has argued that the country isn’t safe enough for him to bring his wife and children and that his security team in the US does not have access to the level of information needed to ensure his family is safe. Harry has said the UK is always his home and is central to his children’s heritage.
A Universal Studio theme park is set to be built in the UK which could bring an extra £50 billion to the economy, creating 28,000 jobs. The resort would be the first in Europe under the brand behind blockbusters such as Wicked, Harry Potter, Shrek and The Minions movie franchise – and joins six others around the world.
Last night’s football action dominates many UK headlines as English club Arsenal battered Real Madrid 3-0 in the first leg of the quarter finals. England’s Lionesses suffered a 3-2 loss to Belgium in the Women’s Nations League after winning the reverse fixture 5-0 at home only a few days earlier.
Chancellor Rachel Reeves is set to meet with top City executives to assess the impact of President Trump’s tariffs on the UK Economy.
Trump causes global chaos Tensions between the world’s two largest economies have increased overnight as…
Trump issues new China tariff threat The FT looks at the escalating tariff war between China…
Trading has just restarted in Europe and all the main stock markets are showing a slight rebound from the previous falls.
China has warned of potential “countermeasures” in response to Donald Trump’s proposed 50% tariff on Chinese imports, describing US actions as unilateral bullying and illegitimate.
© 2026 WTX News.