Latest News
- Trump administration imposes tariffs of up to 12.5% on 60 trading partners over forced labour concerns
- Bodycam footage captures rescue of two boys trapped beneath Blackpool Pier
- Toddler dies after being left in minibus for several hours in Portugal
- Ireland’s investigation into alumina exports to Russia concludes ambiguously
- EU imposes new sanctions on Russia targeting energy, finance, and crypto sectors.
- US inflation rate slows as consumer prices show signs of easing
- Ukraine replaces top military leaders amid improved combat performance
- Kelowna residents and business owners comment on Crime Severity Index limitations
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 chancellor is to amend some of the changes to tax rules for non-domiciled individuals…
Bank of England: Goldman Sachs expects deep interest rate cuts Markets are significantly underestimating the…
UK economy: Consumers catch ‘January blues’ as confidence slumps Consumer confidence in the health of the…
Rachel Reeves’ tax hikes pose ‘major threat’ to UK labour market resilience The government’s tax…
The FT reports that President Donald Trump’s return to the White House has “put more than £300bn of potential federal infrastructure funding at risk”.
CITY AM says Further tax rises or spending cuts look increasingly likely after the latest borrowing figures, but there were a few silver linings for the Chancellor.
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