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- Spain arrests fugitive escape master wanted by Italian authorities
- Tim Curry, star of The Rocky Horror Picture Show, dies at 80
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- Pentagon upgrades awards for three Marines in response to Abbey Gate attack
- Two Frankfurt Airport workers die from malaria linked to plane mosquitoes
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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 UK government has committed £14.2 billion to build the Sizewell C nuclear power station in Suffolk, aiming to generate electricity for about 6 million homes and create 10,000 jobs, as part of a wider £113 billion infrastructure investment plan announced by Energy Secretary Ed Miliband.
The UK government is set to announce a £14.2bn funding commitment for the Sizewell C nuclear power station, aimed at directly creating 10,000 jobs, including 1,500 apprenticeships.
The five problems with the chancellor’s U-turn on winter fuel payments – and there are some major issues.
International Airlines Group (IAG) faces potential shareholder revolt over a proposed £2.7m one-off share award for CEO Luis Gallego at its annual meeting on 18 June.
As Europe rolls into June with sunshine and a festival spirit, this week brings a rich mix of cultural sparkle, artistic flair, and sharp business thinking. Whether you’re jetting off, logging in, or just indulging in a bit of Euro-envy, here’s a whistle-stop tour of what’s lighting up the continent right now.
The FT leads with the news the US investor has backed out of rescuing Thames Water over fears of political meddling.
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