France's surging national debt is causing increasing alarm with the country risking a fresh warning on Friday over its credit rating after a downgrade.. Leading ratings agency Fitch in April lowered its rating on France's debt, which is approaching three trillion euros ($3.2 trillion).
Nigerians are struggling with surging fuel prices after newly elected President Bola Tinubu declared an end to popular subsidies, a move analysts and experts said was long overdue.. On his first day in office, Tinubu kept to his campaign promise and announced an end to the long-running arrangement, which has given Nigerians access to cheap petrol.
Signs of discord between top crude oil producers Saudi Arabia and Russia are set to overshadow an OPEC+ output policy meeting on Sunday that will test their alliance.. Analysts are now divided over whether Saudi Arabia and Russia will keep the group on course with its current output policy, or further curtail production in a bid to prop up prices.
US senators voted to suspend the federal debt limit Thursday, capping weeks of fraught negotiations to eliminate the threat of a disastrous credit default just four days ahead of the deadline set by the Treasury.. Around 80 years ago, lawmakers introduced a limit on how much federal debt could be accrued.
Asian markets rallied Friday on hopes the US Federal Reserve will decide against lifting interest rates this month as officials assess the impact of more than a year of tightening.. Expectations are already running high that the Fed will hold its horses on rates for the first time in more than a year when it meets later this month, but comments from two officials added to the optimism.
In February 2021, Dominican baseball superstar Fernando Tatis Jr signed a monster deal with the San Diego Padres -- $340 million over 14 years. . Registering Commonwealth with the SEC will force transparency, especially on the financial parameters of the deals signed by the players, Doxtator says.
Dollar-wielding foreigners living it up in Buenos Aires while locals scrape by; Argentina's sky-high inflation and weakening currency has yielded a schizophrenic rental market -- a bargain for some, a curse for others.. But they earn in pesos -- a currency trading at 488 to the dollar on the black market, where most people do their trading.
As airlines seek to fulfill customers' growing post-pandemic appetites for long-haul travel, Boeing is aiming to speed up production of its 787 Dreamliners after a period plagued by repeated delivery interruptions due to manufacturing defects.. Boeing has historically dominated the high-margin long-haul manufacturing scene with its 787 and 777 configurations, competing with Airbus's A350 and A330.
Boeing has once again delayed the first crewed flight of its Starliner space capsule after discovering new technical issues, officials said Thursday.. After internal deliberations, they decided to abandon the test flight and report the new issues to the US space agency, which has contracted Boeing to provide a taxi service to the ISS. "We've decided to stand down the preparation for the CFT (Crewed Flight Mission) mission in order to correct these problems," Mark Nappi, vice president and program manager of Boeing told reporters on a press call.
US senators raced Thursday to pass a bipartisan debt limit deal approved overwhelmingly by the House of Representatives, with the worst-case scenario of an economy-cratering default seemingly avoided.. Multiple senators have indicated that they would like to offer tweaks to the debt deal although most have indicated that they don't intend to delay the process provided voting is allowed for their proposed amendments.
