Bloomberg The risk of a UK recession is at its highest level in more than a decade, according to the Resolution Foundation. Using yields on government bonds as a measure, the think tank sees the greatest likelihood of a deep slump since just before the financial crisis. The decline of the pound, a widening current account deficit, and poor economic ...

Bloomberg James Murdoch, heir to billionaire media magnate Rupert Murdoch, has added the biggest reported investment yet to his closely watched portfolio: a bet on the virtual-reality provider called the Void LLC. Murdoch has invested $20 million in the business, according to a person familiar with the transaction. He’s also taken a seat on the board, said the person, who ...

Bloomberg The pound is suffering a record run of losses against the euro just as Brits get ready for the summer holidays. Sterling has slid more than 5 percent against the euro in an unprecedented run of 10 weekly declines, handing UK holidaymakers on the continent a hefty foreign-exchange disadvantage. And it’s fared the worst among 32 major currencies tracked ...