Day Headlines in Business News: 2025-05-16
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Moody's downgrades US credit rating citing rising debt (BBC Business 2025-05-16 22:13:19)
Moody's said successive US administrations had failed to reverse ballooning deficits and interest costs. -
Fresh milk and classical music: Firm posts lucrative office cat-sitting job (BBC Business 2025-05-16 21:01:18)
The job ad requires the successful candidate to play classical music to the cat on Fridays. -
US proposes dropping Boeing criminal charge (BBC Business 2025-05-16 18:05:43)
Families criticised the move, which would avoid a trial that is due to begin in June. -
Tesco apologises after software issue hits website and app (BBC Business 2025-05-16 16:13:59)
The company apologised to customers after its app and website went down on Friday afternoon. -
Wegovy firm unexpectedly forces boss to step down (BBC Business 2025-05-16 16:13:47)
The decision, described as a response to market challenges and a slide in its share price, was unexpected. -
Canada's iconic Hudson Bay brand to survive after sale to competitor (BBC Business 2025-05-16 15:13:58)
The company, which applied for creditor protection, is selling its intellectual property to Canadian Tire. -
Four Premier League clubs warned over gambling sponsors (BBC Business 2025-05-16 15:00:43)
Four Premier League clubs have been warned by the Gambling Commission over their relationship with an unlicensed gambling business. -
Thames Water bonuses could be blocked by regulator (BBC Business 2025-05-16 13:36:45)
New rules mean Ofwat could step in to prevent under-performing water companies paying any bonuses. -
Billionaires fall as King rises in latest Sunday Times Rich List (BBC Business 2025-05-16 09:56:20)
The King's personal wealth is now equal to former prime minister Rishi Sunak and his wife at £640m. -
Gatwick strike called off but disruption looms (BBC Business 2025-05-16 09:40:34)
A baggage handler's strike at half-term is suspended, but refuelers continue with their walkout. -
Nissan says it could share global plants with Chinese state firm (BBC Business 2025-05-16 03:29:11)
Nissan announced this week that it would lay off another 11,000 workers and shut seven factories -
MPs call for year-long delay to farm inheritance tax (BBC Business 2025-05-16 00:17:59)
A cross-party committee says farmers have lost trust in the government over its policies.