Sunday, May 3

Business

The US government is spending more than $7 million a year to maintain a superyacht it seized from a sanctioned Russian businessman and that it is now seeking to sell, a court filing from Friday showed.  

Japan is no longer the world’s third largest economy after unexpectedly slipping into recession at the end of last year, according to official figures released on Thursday. Germany has now moved into third place in terms of nominal GDP. 

The British economy fell into recession in the final quarter of 2023, according to official figures released on Thursday.

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