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Moody’s no longer has a gold-standard ‘AAA’ sovereign credit rating for the United States. On Friday, Moody’s—one of the three main credit rating agencies—cut the US sovereign credit rating by a notch to ‘AA1’ from ‘AAA’ citing the growing American debt pile. Moody’s becomes the last of the big three rating firms to downgrade the…
The United States Supreme Court has granted an emergency petition from a group of migrants in Texas, barring the use of an 18th-century wartime law to expedite their removals. Friday’s unsigned decision (PDF) is yet another blow to the administration of President Donald Trump, who has sought to use the Alien Enemies Act of 1798…
The private capital expenditure growth in India remained robust in the last five years from FY21 to FY25E, reporting a CAGR of 19.8 per cent, according to a report by HDFC Securities. The report highlighted that private capex growth was strong during this period, but it did not reflect in the credit growth of the…
Snehil Kumar Singh, District Collector of Kozhikode inaugurates SmartShree initiative The Indian Institute of Management Kozhikode’s business incubator, Laboratory for Innovation Venturing and Entrepreneurship (IIMK LIVE), in collaboration with the Kudumbashree Mission has launched SmartShree, an initiative aimed at supporting and scaling 150 micro-enterprise units led by Kudumbashree women entrepreneurs through structured capacity building, intensive…
Mark Savage Music Correspondent Sarah Louise Bennett / Alma Bengtsson / Getty Images Bookmakers have tipped them for success (L-R): Erika Vikman, Kaj, Louane, JJ and Claude The Eurovision Song Contest reaches its grand final on Saturday night in Basel, with 26 countries fighting for the coveted glass microphone trophy. The competition feels less predictable…
Gujarat has provided financial assistance of over Rs 7,864 crore to more than 1.3 lakh MSMEs between 2020–21 and 2024–25 under various state schemes. The support includes capital investment subsidies, interest subsidies, and credit guarantee support, as per official data. The state has the highest number of Zero Effect Zero Defect (ZED) certified MSMEs in…
Puchong, Malaysia – On a recent Sunday morning, about a dozen men with fishing nets skirted the rubbish-strewn banks of the Klang River just outside the Malaysian capital of Kuala Lumpur. Surveying the river, the men cast their nets into the polluted water. The nets billowed open and sunk quickly under the weight of metal…
Moody’s forecasts the federal deficit will rise to nearly 9% of GDP by 2035, fuelled by rising interest payments, entitlement spending, and insufficient revenue. | Photo Credit: iStockphoto Moody’s Ratings stripped the U.S. government of its top credit rating Friday, citing successive governments’ failure to stop a rising tide of debt. Moody’s lowered the rating…
Katy Watson Australia correspondent Watch: How snakes and spiders are milked for venom With a pair of bright pink tweezers in hand, Emma Teni is delicately wrestling a large and leggy spider in a small plastic pot. “He’s posing,” the spider-keeper jests as it rears up on its back legs. It is exactly what she’s…
Immigration and Customs Enforcement has accused a Mexican woman of furnishing a cartel with grenades and other weapons. The United States has revealed the first federal charges against a foreign national for providing material support to one of the criminal groups that President Donald Trump has designated a “foreign terrorist organisation”. On Friday, the Immigration…
