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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.
Sixth-generation wire-maker blames Brexit for shredding its business The Owner of Ormiston Wire in London…
OnlyFans owner paid £359m dividend as growth soars OnlyFans owner paid £359m dividend as growth…
UK ‘needs £1tn investment over 10 years to hit economic targets’ The UK needs £1tn…
7-Eleven owner rejects $38bn buyout offer The Japanese parent company of 7-Eleven, Seven & i…
Volvo gives up plan to sell only EVs by 2030 Volvo has scrapped its goal…
Today’s business news – in the UK and beyond amid concerns about the world’s largest economy and the fall in the Asian, US and UK markets.
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