Browsing: Business

Fast food giant McDonald’s has announced it will permanently leave Russia after more than 30 years and has already started selling its restaurants there.

Daily Mirror says Holidaymakers who had booked a P&O Cruises holiday to the Canary Islands were left disappointed when the firm isolated them for hours without enough food, heat or seating

Elon Musk has said his billion dollar deal to but Twitter is currently on hold after he queried the number of fake or spam accounts on the platform.

The Guardian says shockwaves swept through cryptocurrency markets on Thursday as tether, the largest “stablecoin” and a foundational part of the digital asset ecosystem, broke its peg to the dollar in the latest blow to the struggling sector.

The Independent says the price of the Terra (LUNA) cryptocurrency has fallen by more than 99 per cent, wiping out the fortunes of crypto investors.

The Independent says the UK economy shrank in March, as soaring living costs and the war in Ukraine hindered recovery from the pandemic.

BBC Business says Apple has lost its position as the world’s most valuable company amid a broad sell-off of technology stocks.

The Guardian says more than 250,000 households will “slide into destitution” next year, taking the total number in extreme poverty to around 1.2m, unless the government acts now.

The Guardian says Channel 4 is to make available 1,000 hours of hit shows on YouTube in the widest-ranging commercial deal the Silicon Valley giant has struck with a UK broadcaster.

Sky News says the soaring cost of living has seen consumers “put the brakes” on their shopping habits, new figures show.