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America One News
21 May 2025
#politics
GB News: WATCH: Ben Habib launches scathing attack on UK-EU deal - 'Sell out!'
Ben Habib criticizes the UK-EU reset deal, labeling it a "sellout" that compromises British sovereignty. While Keir Starmer hails it as a "win-win" for market access, Brexit supporters argue it betrays the UK's independence.
#economy
Le Monde: Chanel: Despite a drop in sales in 2024, the luxury group maintains its investments
Chanel's 2024 annual results revealed a 4.3% revenue decline to €17.9 billion, contrasting sharply with previous years of growth. CEO Leena Nair attributed the drop to challenging macroeconomic conditions, particularly in key markets like China and the U.S.
In comparison, competitors LVMH and Hermès fared better, with LVMH's sales declining only 1% and Hermès achieving a 15% increase. Chanel's struggles highlight the need for strategic changes to adapt to the current luxury market landscape.
Liberty Nation News: Moody’s Late to the Party After US Credit Downgrade - Liberty Nation News
Moody's has downgraded the US long-term credit rating from "Aaa" to "Aa1," citing large fiscal deficits and rising interest costs. This decision follows similar actions by Fitch Ratings and Standard & Poor’s, reflecting concerns about the government's growing debt and ineffective fiscal policies.
Critics argue that Moody's delay in downgrading indicates political bias, especially given the significant fiscal challenges during President Biden's term, including a $9 trillion increase in national debt and high inflation. The downgrade has sparked debate over the effectiveness of current fiscal measures and the need for substantial spending cuts.