BusinessMedia

Apple Secures Exclusive Formula 1 U.S. Broadcasting Rights in Major Streaming Deal

Apple has reportedly secured exclusive U.S. broadcasting rights for Formula 1 in a landmark five-year deal. The agreement positions Apple TV as the primary destination for F1 coverage beginning with the 2026 season, sources indicate.

Streaming Giant Lands Exclusive Formula 1 Rights

In a major move for sports broadcasting, Apple has reportedly secured exclusive U.S. media rights for Formula 1 racing beginning in 2026, according to sources familiar with the agreement. The five-year deal, valued at approximately $140 million annually according to reports, will make Apple TV the sole broadcaster for all F1 events in the United States, marking a significant shift in how American fans will access the sport.

Economy and TradingGovernment

France Faces Credit Downgrade Amid Political Uncertainty and Rising Debt Concerns

Standard & Poor’s has lowered France’s credit rating from AA- to A+ amid concerns about the country’s growing debt burden and political challenges. The downgrade comes as France grapples with parliamentary gridlock and suspended pension reforms that could impact its fiscal trajectory.

Credit Rating Adjustment

France’s sovereign credit rating has reportedly been downgraded by S&P Global Ratings from AA- to A+ with a stable outlook, according to reports released Friday. Analysts suggest the decision reflects growing concerns about the country’s ability to manage its government debt amid political instability and economic challenges.

BusinessRegulation

Deloitte Reaches $34 Million Settlement Over Nuclear Project Audit Controversy

Deloitte has reportedly agreed to pay $34 million to resolve claims related to its audit work for a failed nuclear power project in South Carolina. The settlement comes after years of litigation alleging the auditing firm missed warning signs about the troubled construction project.

Major Settlement Reached in Nuclear Project Audit Case

Accounting giant Deloitte has reportedly agreed to pay $34 million to investors who claimed the firm’s audit work failed to identify problems with one of the country’s largest nuclear power projects before its collapse, according to documents filed in South Carolina federal court.

Economy and TradingPolicy

UK Chancellor Considers Mandatory Domestic Equity Holdings in Major ISA Reform

Chancellor Rachel Reeves is reportedly considering a major ISA reform that could require minimum investments in UK companies alongside potential stamp duty relief. The proposed changes would mark the most significant shake-up to Britain’s tax-free savings regime in over 25 years, according to sources familiar with the discussions.

Major ISA Overhaul Under Consideration

Chancellor Rachel Reeves is reportedly developing plans for a comprehensive reform of Individual Savings Accounts (ISAs) that could include mandatory minimum holdings in UK companies and stamp duty tax breaks, according to sources familiar with Treasury discussions. The proposed changes would represent the most significant shake-up to Britain’s tax-free savings regime in more than 25 years.