For the first time since 1978, the UK is to lose its top credit rating. Ratings Agency Moody's says it downgraded the UK because growth looks set to stay sluggish in the next few years.
British MPs rejected a plan to strengthen parliament's power to intervene if no divorce deal is reached with Brussels. A rebellion by pro-EU MPs was averted after they were promised a "meaningful vote" on the outcome.
The 2018 World Cup will have little lasting impact on the Russian economy, US ratings agency Moody's has said in a report. Its assessment is in stark contrast to a recent survey by the Russian government.
The amount of US retail space lost in 2018 is expected to beat the record set last year. But the demise of Toys R Us, and the shutdown of a third of Sears stores, is down to more than the dominance of online shopping.
The British government has given the go-ahead for the construction of a third runway at London's Heathrow Airport. Many fear the controversial project will eventually result in more pollution and noise.
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