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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.
Apple facing near-£3bn UK lawsuit over cloud storage ‘monopoly’ Which? claims firm engaged in anti-competitive…
VW has partnered with Rivian in a $5.8 billion joint venture aimed at accelerating EV innovation. The move will see both companies sharing advanced technologies to address slowing global EV demand and increasing competition from Chinese manufacturers.
Wage growth comes in ahead of expectations despite loosening labour market Bank of England rate-setters…
London’s challenger stock market Aquis has accepted a £194m takeover offer from Swiss-based bourse operator SIX Group, CITY AM reports.
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