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- Mark Carney to address European Parliament amid US-Canada trade tensions
- Alexandre Boulerice resigns as MP to seek election candidacy in Quebec
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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.
The FT reports on Israeli Prime Minister Benjamin Netanyahu’s claim that Israel has gained control over Tehran’s airspace.
The Trump Organisation has launched a mobile service and smartphone to attract conservative consumers, promising products made in America.
Analysts warn that Section 899 of the “One Big Beautiful Bill”—Donald Trump’s proposed retaliatory tax on foreign entities—could deter investment by imposing a tax starting at 5 %, rising to 20 %, on companies from countries that levy “unfair” taxes on US entities.
UK events guide for the week of 16–22 June 2025, covering arts, entertainment, business, festivals and more.
Cliff Notes Metro Bank has been approached by Pollen Street Capital for a private equity-backed…
More than 240 die as Air India flight crashes in Gujarat following take-off The FT has…
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