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On May 16, Moody’s Ratings downgraded the US government’s long-term issuer and senior unsecured ratings from Aaa (the highest possible rating) to Aa1 and revised the outlook to stable from negative. The rating agency cited the likelihood of “persistent, large fiscal deficits [that] will drive the government’s debt and interest burden higher” due to deficits…
Despite occasional political friction, the United States and Canada remain deeply intertwined economically and culturally. Their similarities make them ideal for comparison — especially when investigating the causes of rising rents and housing prices, which have surged in lockstep in both countries. Between 2019 and 2024, Canada’s median home price skyrocketed 45 percent to CN…
How do property taxes work in the United States, and what are their economic consequences? This AIER Explainer explores how property taxes are enforced, how much revenue they generate, the debate among economists about whether property taxes are “good” taxes, and steps lawmakers can take to keep property tax burdens reasonable. What Property Taxes Are…
Tanzania has decided to block access to social media platform X because it allows pornographic content to be shared, the information minister has said. The content was contrary to the East African state’s “laws, culture, customs, and traditions,” Jerry Silaa told a local TV station. Tanzanians have reported that access to X has been restricted…
In a crackdown against the misuse of its online ticketing platform, the Indian Railways has decided to deactivate unverified IRCTC accounts. Union Minister Ashwini Vaishnaw said on Wednesday that the Railways will soon roll out online Aadhaar authentication—or e-Aadhaar authentication—for booking Tatkal tickets, enabling genuine users to get confirmed train tickets with convenience. The development…
Chaos near Bengaluru stadium, several RCB fans injured. An evening meant to mark Royal Challengers Bengaluru’s (RCB) historic IPL title win ended in tragedy on Wednesday, as a stampede near Chinnaswamy Stadium claimed 11 lives and more than 50 injured. The celebrations quickly spiralled out of control when thousands of fans thronged the area to…
The US president says Putin also suggested he would participate in talks aimed at reaching a new nuclear deal with Tehran. Russian President Vladimir Putin has told Donald Trump in a telephone conversation that Moscow would have to respond to the recent Ukrainian drone attacks, the US president said. Trump said on Wednesday that the…
Vladimir Putin has said he will have to respond to Ukraine’s major drone attack on Russian airbases, US President Donald Trump has warned. Speaking after a phone call with the Russian president, Trump said: “President Putin did say, and very strongly, that he will have to respond to the recent attack on the airfields.” Trump…
Meta has announced a major expansion of its advertising tools to help businesses drive better campaign outcomes. | Photo Credit: REUTERS/Yves Herman Mumbai, June 4Meta announced the expansion of its advertising suite of products on Wednesday to help businesses achieve better overall advertising performance. Features such as Value Optimisation, Incremental Attribution and Value Rules will…
Party for Freedom leader hopes plan to get tough on immigration delivers election victory. He has been dubbed the “Dutch Donald Trump”. Geert Wilders has pulled his Party for Freedom (PVV) out of the coalition that governs the Netherlands in a row over immigration policy. It has plunged the NATO ally into political turmoil and…
