Moody’s cuts America’s pristine credit rating, citing rising debt May 17, 2025 Moody’s downgraded the US sovereign credit rating on Friday due to concerns about the nation’s growing $36 trillion debt pile, in a move that could complicate President Donald Trump’s efforts to cut taxes and send ripples through global markets. Moody’s first gave the United States its pristine “Aaa” rating in 1919 and is the last [...]
To actually preserve the memory of WWII we should look to entertainment May 17, 2025 Reverence has a place in WWII commemorations, but if we actually want to preserve the memory of war we must look to entertainment.
Future: Go Compare owner announces share buyback May 16, 2025 Future has reported a robust set of half year results, with profits and margins holding firm despite a three per cent drop in revenue. In the six months to 31 March, the London-headquatered media platform posted adjusted operating profit of £100.7m, down five per cent from the same period last year. Profitability remained resilient with [...]
Reddit founder Ohanian ‘honoured’ to invest £20m in WSL side Chelsea May 15, 2025 Reddit founder and husband of Sarina Williams Alexis Ohanian says he’s honoured to become an investor in Chelsea Women. The American has invested £20m in the Women’s Super League champions in return for a 10 per cent stake in the London club, valuing them at £200m. Ohanian, estimated to be worth $150m, will be at [...]
ITV grows digital ad sales amid Studios boost May 15, 2025 ITV has kicked off 2025 with a strong showing from its digital arm and a rebound at ITV Studios, helping it stay firmly on track with its turnaround strategy. In a trading update for the three months to 31 March, the broadcaster said digital advertising revenue rose 15 per cent year on year, outpacing the [...]
The Capitalist: This isn’t just blackmail, it’s M&S blackmail May 15, 2025 Embarrassing Ed Miliband, dream dinner party guests and window taxes, catch up with the latest gossip from the Square Mile M&S is clearly playing by the book in its response to the crippling cyber attack launched on its systems over Easter, with talk of a £100m insurance claim to help them get over the losses. [...]
UK has one Europe’s biggest nanny states May 15, 2025 The UK has one of the biggest nanny states in Europe, a new study has found. The report from the Institute of Economic Affairs (IEA) and the European Policy Information Centre, titled the Nanny State Index 2025, said that the UK has the 7th biggest nanny state in Europe. Edited by Dr Christopher Snowdon, head [...]
London Craft Week 2025 China Pavilion: Tiangong Kaiwu Unveiled May 14, 2025 The 2025 London Craft Week China Pavilion Tiangong Kaiwu opened its doors in London on May 12th. At the entrance of the exhibition, a demonstration of Dulong weaving shows the beautiful work of Dulong people, China’s least populous ethnic minority, who primarily reside in Nujiang Lisu Autonomous Prefecture of southwest China’s Yunnan Province. Walking through [...]
European court sides with NYT over requests for von der Leyen’s texts with Pfizer CEO May 14, 2025 European Court of Justice found that the Commission failed to explain why text messages with Pfizer should be kept from the public
Plans to build UK’s largest arena in London revealed by Co-op Live owner May 14, 2025 The live entertainment giant which co-owns the UK’s largest indoor arena, Co-op Live, is looking at building up to two new venues in London at a cost of around £1.5bn. Speaking to City AM, Oak View Group (OVG) chief executive Tim Leiweke revealed plans for up to two arenas are currently being considered with the [...]