World & Politics
S&P upgrades India's 'BBB-' rating outlook to 'positive' - 05/30/2024
International rating agency S&P Global Ratings confirmed India's long-term foreign and local currency credit ratings at 'BBB-'. The ratings outlook was previously "stable," but it is now "positive." "India's credit profile is improved by its strong economic growth. We anticipate that the nation's solid economic foundation will continue to grow over the next two to three years," the agency stated...
British parliament dissolved ahead of elections - 05/30/2024
The British Parliament halted operations on Thursday in anticipation of the general election on July 4. The Parliament was dissolved on Thursday, May 30, 2024. The House of Commons and the House of Lords have finished their business. The Parliament’s website stated that there are presently no Members of Parliament and that all House of Commons seats will stay empty until the general election on...
Ireland, Spain and Norway officially recognize Palestine as an independent state - 05/29/2024
The governments of Norway, Spain, and Ireland have formally acknowledged Palestine's independence. Pedro Sanchez, the prime minister of Spain, stated that there is no other option to bring the violence in the area closer to an end. On Tuesday, May 28, the governments of Norway, Spain, and Ireland formally acknowledged Palestine as an independent nation. The three nations stated, according to...
Saudi investment fund sets up a space company - 05/28/2024
According to a statement from the Public Investment Fund (PIF) of Saudi Arabia, which was cited by Al Arabiya TV, the fund made its first investment in the satellite and space industries when it formed Neo Space Group. Neo Space Group, or NSG is the PIF's first space-related investment. It will concentrate on establishing and growing Saudi Arabia's commercial space operations and offering...
IAEA: Iran grows amounts of highly enriched uranium over the quarter - 05/28/2024
Tehran has once more added 20.6 kg of enriched uranium to its stockpile during the quarter, compared to the information available during the time of the IAEA assessment in February, reports Associated Press referring to the agency's quarterly report. As a result, Iran currently has 142.1 kg of uranium that has been enriched to 60% in storage. Nuclear weaponry requires uranium enrichment to a...
Survey: Wealthiest US and Southeast Asian families fear tax hikes more than war - 05/24/2024
Tax hikes will pose the biggest risk for the next five years, believe billionaire families in Southeast Asia and the United States. Bloomberg, citing a survey by UBS Global Family Office, reports that the concerns about tax hikes surpassed even concerns about global geopolitical conflicts and climate change. The study looked at the opinions of firms established by the wealthiest family clans in...
Japan ramps up LNG imports ahead of summer heatwave - 05/23/2024
According to the Ministry of Finance, Japan, the second-largest consumer of liquefied natural gas worldwide, imported 5.285 million tonnes of LNG (7.21 billion cubic meters after regasification) in April 2024, an increase of 17% over the same month the previous year. The sharp spike in buying came after three months of declining imports. Uneven shipment receipts between months are a common...
Israel declares no involvement in Iranian President's helicopter crash - 05/20/2024
According to Ynet, officials in Israel said that the state had nothing to do with the crash of a helicopter that carried Iranian President Ebrahim Raisi. The helicopter carrying Iranian Foreign Minister Hossein Amir-Abdollahian and Raisi crashed in the the country's northwest, according to earlier reports from Iranian media. Search and rescue teams have reached the scene of the incident....
2024 Olympics will bring up to €11.1 bln to Paris - 05/16/2024
The region will profit economically from the 2024 Summer Olympics in Paris by an amount ranging from €6.7 billion to €11.1 billion. The International Olympic Committee (IOC) press office claims that the 2024 Olympic Games in Paris will be "economically beneficial" for the host city. It is mentioned that the Games might generate up to €11.145 billion to the Paris region between 2018 and 2034. In...
Egyptian representatives unexpectedly cancel meetings with Israeli counterparts - 05/13/2024
Scheduled discussions between Egyptian and Israeli officials have been canceled because of growing discord, according to a report by the i24 TV channel. The station claims that the issues stem from Cairo's apprehension over Israeli military actions in the town of Rafah, which is located on the Gaza Strip's border with Egypt. According to i24, the ruling came about as a result of Egypt endorsing...