The News That Moves the World
Business & Finance – Stock markets, economy, startups, corporate news.
U.S. Loses Last AAA Credit Rating as Debt Woes Mount Moody’s downgrade ends 107-year streak of top-tier assessment amid fiscal concerns WASHINGTON — Moody’s Investors Service has downgraded the United States’ credit rating from AAA to Aa1, marking the first time the nation has lost its last remaining perfect credit score. The move reflects growing…
Iceland, the UK-based frozen food retailer, has announced the closure of several stores across the UK, continuing a trend of retail contraction amid challenging economic conditions. Since early 2023, the company has closed over 20 stores, with more closures planned for 2025. Recent and Upcoming Store Closures The following Iceland stores have recently closed or…
In Foshan, southern China, a significant empty area marks where high-end air fryers destined for the US market should be undergoing welding. Derek Wang’s innovative air fryer models, controllable via smartphones and capable of baking, roasting, and grilling, had impressed his American clientele. However, the imposition of Donald Trump’s “Liberation Day” tariffs on April 2nd,…
Meta Weighs Paid Subscription for Ad-Free Facebook & Instagram in the UK Meta, the parent company of Facebook and Instagram, is considering introducing a paid subscription model in the UK that would allow users to enjoy an ad-free experience. Under this proposal, users who prefer not to have their data tracked for targeted advertising may…
A significant fire at the North Hyde electrical substation in Hayes, West London, has caused a major power outage, leading to the closure of Heathrow Airport until 23:59 on March 21, 2025. This disruption has affected over 1,300 flights, impacting hundreds of thousands of passengers worldwide. Airline Advisories: Passengers are strongly advised to contact…
Passport Prices to Rise Again – 25% Increase in Just Two Years London, UK – March 20, 2025 – British travellers will soon have to pay even more for their passports as the UK government announces another price hike. This latest increase means that passport costs will have risen by an astonishing 25% in just…
As the U.S. economy faces uncertainty, many Americans are caught in a dilemma—whether to splurge now or tighten their belts for an unpredictable future. With rising tariffs, market instability, and concerns over inflation, families across the country are adjusting their financial habits, unsure of what’s coming next. Amber Walliser, a 32-year-old accountant from Ohio, remembers…
Gold Surges to $3,000 Amid Escalating Trade Tensions Global uncertainties push investors toward safe-haven assets as gold prices hit record highs. Gold Prices Reach Historic $3,000 Mark Amid Rising Trade Conflicts In a dramatic turn of events, gold prices have soared to an unprecedented $3,000 per ounce as escalating trade tensions between major economies fuel…
Trump Pledges to Buy ‘Brand New Tesla’ Amid Stock Slump Former U.S. President Donald Trump has declared his intention to buy a “brand new Tesla“ after shares of the electric car company plummeted more than 15%. Blaming the decline on “radical left lunatics” attempting to harm Tesla owner Elon Musk, Trump claimed that a coordinated…
Massive Outages Disrupt Elon Musk’s X Platform in the US and UK Elon Musk’s social media platform, X—formerly known as Twitter—faced widespread disruptions on Monday, with thousands of users in the US and UK reporting outages that lasted for hours. According to platform monitor Downdetector, tens of thousands of users in the United States experienced…