Moody’s cuts the virgin credit rating of America, citing the increase in debt Blogging Sole

Moody’s cuts the virgin credit rating of America, citing the increase in debt

 Blogging Sole

A signaling outside the head office of Moody’s Corporation in Manhattan, New York, United States, November 12, 2021. – Reuters Moody’s US Credit Rating Now at “AA1”. The agency’s prospects on the “stable” country. Moody’s cites the rise in debts and the costs of interest. On Friday, Moody’s lowered the sovereign credit note of the … Read more

Trump’s budget proposal targets billions of cuts, explains the New York Times Blogging Sole

Trump’s budget proposal targets billions of cuts, explains the New York Times

 Blogging Sole

US President Donald Trump. – Reuters Washington: the administration of American president Donald Trump wishes to reduce billions of dollars of government programs that help children, health, education and housing, according to a report by New York Times. The cuts are part of the 2026 budget budget plan, which is still under work by the … Read more

OPEC flags increase uncertainty, cuts the global prospects for oil demand for 2025 Blogging Sole

OPEC flags increase uncertainty, cuts the global prospects for oil demand for 2025

 Blogging Sole

The OPEC logo is seen in this illustration taken on October 8, 2023. – Reuters The organization of oil exporting countries (OPEC) slightly reduced its oil demand growth forecasts on Monday, citing the impact of American tariffs on the global economy. The oil cartel led by Saudi Arabia said in its monthly report that it … Read more

IMF cuts Pakistan’s GDP growth forecast to 3% Blogging Sole

IMF cuts Pakistan’s GDP growth forecast to 3%

 Blogging Sole

A man walks with bags of supplies on his shoulder to deliver them to a nearby store at a market in Karachi, Pakistan, June 11, 2024. — Reuters The IMF forecasts Pakistan’s GDP growth of 4% in 2026. Expects a 2.6% drop in energy commodity prices in 2025. It forecasts a 2.5% increase in the … Read more