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U.S. Credit Rating Downgraded by Moody's Amid Rising Debt Concerns
Moody's lowered its rating on U.S. debt from Aaa to Aa1, pointing to sustained increase in federal debt and interest payments.
Groundbreaking Gene-Editing Therapy Successfully Administered to Baby in the US
Gene-editing breakthrough has potential to treat array of devastating genetic diseases soon after birth, scientists say
Global Electric Vehicle Sales Projected to Exceed 40% Market Share by 2030, IEA Report Reveals
More than one in four cars sold worldwide this year is set to be electric as EV sales continue to grow - News from the International Energy Agency
Energy Australia Faces Landmark Legal Action Over Greenwashing Allegations
Climate group alleges energy giant misled 400,000 customers about ‘Go Neutral’ product, arguing that carbon offsets don’t actually remove emissions
Putin Faces Intensifying Economic Crisis as Central Bank Holds Interest Rates High
The current rate is at its highest level in 20 years and is imposing immense financial strains on companies across the country.
U.S. and China Reach Significant Tariff Agreement Amid Ongoing Trade Tensions
U.S. and Chinese officials said Monday they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war for more talks on resolving their trade disputes.
Key Issues on the Table in US-China Trade Talks
It is a major de-escalation in the tariff war and comes after talks between both countries in Geneva.
Karachi Stock Exchange Experiences Trading Halt Amid Surge and Diplomatic Developments
Monday's move comes after India and Pakistan agreed to halt all military action from 5 PM on the evening of Saturday, May 10, and the International Monetary Fund (IMF) approved two financing decisions for the country, disbursing around $2.4 billion under its economic reform and climate resilience programmes.
Concerns Mount for Apple and Google as AI Search Gains Traction
Google’s shares fell 8% when an Apple exe said searches originating from Google’s search engine in Apple’s Safari browser fell.
IMF Approves $2.4 Billion Financing for Pakistan Amidst Ongoing Economic Challenges
During the IMF meeting, India raised concerns about the effectiveness of IMF programmes in Pakistan, citing its poor track record and the potential misuse of debt financing for state-sponsored cross-border terrorism, according to a statement from the Ministry of Finance following the May 9 meeting.
Australia's Beef Exports Hit Record Levels Amid Changing Global Dynamics
Despite global uncertainty, tariffs, Trump and trade wars, demand for Australian beef is breaking records.
New Fixed Energy Deals Offer Savings Amidst High Bills in Great Britain
Supplier says deal is its cheapest fixed tariff since 2021 amid ongoing volatility in the gas and electricity market
Bill Gates Commits $200 Billion to Charity by 2045, Criticizes Elon Musk Over U.S. Aid Cuts
Bill Gates pledged on Thursday to give away $200 billion US via his charitable foundation by 2045 and lashed out at Elon Musk, accusing the world's richest man of "killing the world's poorest children" through huge cuts to the U.S. foreign aid budget.
U.S. DOJ Proposes Divestiture of Google's Ad Tech Assets Amid Antitrust Concerns
The Justice Department said the proposed remedies are necessary to end Google's monopolies in the ad-exchange and publisher ad-server markets.