China Plans Stronger Fiscal Policy in Coming Years Amid Slowdown
China’s Finance Minister Lan Fo’an pledged to implement a stronger and proactive fiscal policy over the next five…
Mark Carney to Unveil Debt-Fueled Canadian Budget to Revamp Economy
Mark Carney was elected prime minister with a mandate to transform Canada’s economy. Now he needs to assure…
France’s Political Turmoil Hits Private Sector
France’s private sector unexpectedly contracted as wrangling over the budget prolonged fiscal uncertainty for Europe’s second-largest economy. S&P…
Meloni Wins Italy’s Highest Rating Since 2018 With DBRS Upgrade
Italy regained its highest score from any major credit assessor since 2018 after an upgrade by Morningstar DBRS…
Italy Budget Draft Puts Deficit at EU’s 3% Limit Already in 2025
Italy’s budget deficit will match the European Union’s 3%-of-output ceiling already this year, according to people familiar with…
Saudi Arabia Sees Bigger 2025 Deficit as Oil Pressure Lingers
Saudi Arabia projected it will run a deeper budget deficit this year than previously expected, as the kingdom…
UK Budget Deficit Overshoots Forecast in New Blow to Reeves
UK government borrowing came in significantly higher than forecast in August, delivering a blow to Chancellor of the…
Pound Falls With Gilts as UK Borrowing Soars Above Forecasts
The pound headed for its worst week in more than a month and gilts declined as a report…
Memorial Sloan Kettering to Cut Hundreds of Jobs as Costs Surge
Memorial Sloan Kettering Cancer Center is planning to cut less than 2% of its workforce as it faces…
France’s Debt Woes Mount as Fitch Downgrades Credit Rating
Fitch Ratings downgraded France, indicating the upheaval of repeated government collapse has locked the country into an enduring…
France credit downgrade: Fitch cuts rating to A+ from AA- in a record low; political turmoil clouds debt outlook
File photo: French President Emmanuel Macron (Picture credit: AP) France’s sovereign credit rating has been cut by Fitch…