Country Financial News

Last week, Fitch downgraded the U.S. debt rating to AA+, which is one notch below the highest rating. This came after Fitch had placed the rating on negative watch back in May due to concerns surrounding the debt ceiling.

Inflation has been on the top of many Canadians’ minds recently, with the year-over-year increase in the consumer price index (CPI) hitting a four-decade high of 8.1 per cent in June 2022. While inflation has started to cool, when the effects of higher inflation are combined with tax provisions that essentially ignore it, “the pain for earners, savers, and recipients of benefits,” can be multiplied, according to a new report issued this week by the C.D. Howe Institute.

Philip Cross and I recently wrote articles on the same FP Comment page discussing Liberal culture’s negative influence on Canada’s economic growth. His focus was on entrepreneurship and innovation while mine treated climate-change catastrophism. We both described how culture can undermine fact-based analysis, rational decision-making and the economic well-being of ordinary Canadians.

The decision by Dentons follows warnings by business groups that global companies are postponing or shifting investment away from China due to concern about an expanded anti-espionage law, tighter controls on business, a data security crackdown and raids on foreign consulting firms. Dentons said it was separating from Beijing Dacheng Law Offices due to changes in cybersecurity and data protection but gave no details. Dentons said in a statement Dacheng will be a «separate, standalone firm» that is its «preferred law firm» for clients with needs in China.

carbon budget, leaving countries like India with very little carbon space for the future, the government said on Thursday. Responding to a question by BJP MP CM Ramesh, Minister of State for Environment Ashwini Kumar Choubey told the Rajya Sabha that India is doing far more than its fair share to combat climate change.

Bankers said the Reserve Bank's move to impose a 10 per cent incremental cash reserve ratio will not impede banks' ability to lend while the status quo on policy rates was on expected lines. The Reserve Bank opted for the status quo in key policy rates for the third consecutive time on Thursday.

Supreme Court said on Thursday the surrender of Jammu and Kashmir's sovereignty to India was «absolutely complete» with the accession of the former princely state in October 1947, and it was «really difficult» to say that Article 370 of the Constitution, which accorded special status to the erstwhile state, was permanent in nature. Observing that once Article 1 of the Constitution says India shall be a Union of States, including Jammu and Kashmir, the transfer of sovereignty was complete in all respects, a five-judge constitution bench headed by Chief Justice DY Chandrachud said.

foreign students in Germany are from India with over 42,000 students, a 25 per cent rise within a year, German Ambassador to India Philipp Ackermann said on Thursday. «Great! 42,000+ Indian students in Germany, 25 % more within one year.

Hindi film industry, has shared a grave personal tragedy which she suffered before filming her latest film ‘Mrs Chatterjee vs Norway’. The bollywood actress, who was speaking at the Indian Film Festival of Melbourne 2023, said she had not revealed this tragic phase of her life before but she lost her second baby five months into her pregnancy during the COVID-19 pandemic. The Black fame actress said sharing her story before the release of the film or during promotions, would be been as promotion tactics, the Business Today reported.

Omicron variant gains momentum. The continued evolution of the virus is a reminder that Covid-19 remains a nuisance for many and a serious risk for some even though the disease is far less disruptive than it once was. A rising tide of virus concentrations in wastewater and infections in hospitals show Covid-19 remains unpredictable.

Narendra Modi lead NDA government on Thursday defeated a no-confidence motion in parliament after a fiery speech by the premier at the climax of a three-day debate. The motion was defeated in a voice vote called by the speaker of the lower house, television images showed, shortly after opposition MPs including Congress party leader Rahul Gandhi walked out of the chamber.

By Isla Binnie and Andres Gonzalez

Oscars 2024, specifically for the category of Best International Feature. Each entry for this prestigious award is currently being highlighted and detailed on this particular page. Scheduled for March 10, 2024, the 96th edition of the Academy Awards is poised to unfold at the illustrious Dolby Theatre located in Los Angeles. In cinematic terms, an international feature film is classified as a motion picture of extended duration (running for more than 40 minutes) crafted outside the borders of the United States. These films predominantly feature dialogue tracks that encompass languages other than English, with a minimum threshold of more than 50 per cent non-English content. The category further extends its scope to encompass animated as well as documentary features. To be eligible for consideration, the submitted films must have experienced theatrical releases within their respective countries during the timeframe spanning from December 1, 2022, to October 31, 2023. The Academy's stipulated deadline for these submissions is set at October 2. On December 21, a shortlist comprising 15 finalists will be announced. Subsequently, the ultimate five nominees will be unveiled on January 23. Reflecting on the previous year's proceedings, the 2023 edition witnessed a substantial total of 92 submissions. Among these, the final roster of nominated films encompassed noteworthy entries such as «Argentina, 1985» from Argentina, «Close» from Belgium, «EO» from Poland, «The Quiet Girl» from Ireland, and ultimately, the triumphant victor, «All Quiet On The Western Front» from Germany.

CAIRO (Reuters) -Egypt's annual headline inflation rose to a new all-time high of 36.5% in July, in line with analysts' expectations, as food prices soared, data from the country's statistics agency CAPMAS showed on Thursday.

Narendra Modi on 10 August took a swipe at the Opposition saying they have a secret blessing and that good will happen with those for whom they wish bad. Replying on the no-confidence motion debate brought in by the Opposition, PM Modi said in Lok Sabha, "Opposition people have a secret blessing and that is good will happen with those for whom they wish bad." In his speech, PM Modi mentioned three blessings the Opposition has. The first example he mentioned is about himself who is in power for past 20 years.

NASA, the National Aeronautics and Space Administration, plans a human spaceflight around the moon in late 2024 on a mission that would take people deep into space for the first time in decades and set the stage for a landing the agency would like to conduct with the American spacecraft manufacturer SpaceX in 2025. The stakes of the Luna-25 mission are especially high for Russia and President Vladimir Putin. The sanctions imposed since the war in Ukraine halted much of its collaboration with the U.S.

Narendra Modi spoke on the Manipur issue in the parliament, but only after Opposition walked out from the Lok Sabha. Prime Minister Narendra Modi was replying to the no confidence motion that was brought against his government by the Opposition INDIA bloc Congress leader and Assam MP Gaurav Gogoi. PM Modi started by listing the alleged developments that India has witnessed after the Bhartiya Janata Party (BJP)-led National Democratic Alliance (NDA) came into power in India.

HONG KONG—China lifted restrictions on group tours to the U.S., Australia, South Korea and Japan on Thursday, a move that is set to boost global tourism after three years of pandemic restrictions. China’s Ministry of Culture and Tourism added almost 80 new destinations to a list of countries approved for group travel on Thursday, with immediate effect. The countries were the third batch of places that group tours led by travel operators can now visit, including some in East Asia that are among the most popular destinations for Chinese holiday makers.

medical devices through a holistic development of healthcare, pharmaceuticals and medical devices sectors, Union Minister Mansukh Mandaviya said on Thursday. Addressing a curtain raiser of India MedTech Expo 2023, to be held in Gandhinagar from August 17-19, the minister said the market size of Indian medical devices sector is likely to reach USD 50 billion in the coming years from the current USD 11 billion.

Narendra Modi is replying to the no confidence motion nrought against his government in the Lok Sabha over the Manipur violence. During his speech, PM Modi hit out at the Opposition and said 'Opposition couldn't prepare for debate on no-confidence motion despite so much time in hand, even its sympathisers are disappointed'. PM Modi recalled the no confidence motion brought against him in 2018 by the opposition and asked, ‘What kind of discussion have you done on this motion?’.

renewable energy and power has has said that the renewable energy research and technology development programme (RE-RTD) will contimue till 2025-26. The programme, aimed at enhancing indigenous technology solutions in the renewable energy sector, will receive a budget allocation of ₹228 crore.