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- Lithuania plans to amend constitution to lift nuclear weapons ban
- EU institutions mount pressure for ambitious budget with new resources.
- US Senate advances key legislation to combat domestic terrorism
- Europe’s extreme summer temperatures may become the new normal, experts warn
- New donation area established to ensure safety for volunteers at Summerland thrift store
- David Hearn indicted for destruction of property at Washington Reflecting Pool
- Russia conducts drone operations against UK and Europe ahead of conflict
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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.
Spain is planning a bold move to address its housing crisis by introducing a tax of up to 100% on properties purchased by non-EU residents, including those from the UK.
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