Following the coup in Niger, the World Bank has declared the suspension of all operations with the exception of private sector initiatives. “The Bank holds that a society free of poverty on a livable planet is built on the pillars of peace, stability, and the rule of law,” the organization commented.  “The attempts to topple Niger's democratically elected government worry us. In response,...

Fitch lowered the United States' long-term rating from AAA to AA+. The danger of default is marginally elevated as a result of the downgrade. The United States' long-term rating was reportedly reduced from AAA to AA+ by the international rating agency Fitch.  According to Bloomberg, the United States has held an AAA rating from Fitch since at least 1994. The U.S. Treasury Department and the...

The project's completion "dragged on for years" and resulted in cost overruns, writes The Financial Times. Georgia's Vogtle nuclear power plant's third unit will soon start producing electricity. According to the Financial Times, it will be the first reactor constructed in the US in the previous 30 years. According to the newspaper, the project's completion has "dragged on for years," resulting...

The US GDP grew by 2.4% in the second quarter on an annualized basis. The Bureau of Economic Analysis of the U.S. Department of Commerce released these figures on July 27. This is only an estimate; the actual data will be released on August 30. The American economy's growth rate climbed marginally from the first quarter's GDP growth of 2%. Experts claim that the economy is still stable, but...

The Indian government decided to reject the proposal due to concerns about national security, Bloomberg writes. The proposal presented on July 14 by Indian Megha Engineering and Infrastructures and Chinese automaker BYD to jointly develop a $1 billion business was rejected by Indian regulators.  These sources claim that the Indian government rejected the joint plan due to national security...

The committee stated in the document that carbon neutrality must be attained by the middle of the twenty-first century. At a meeting of energy ministers in Goa, India, a number of G20 nations suggested using CO2 conversion technology rather than agreeing to phase out fossil fuels (coal, oil, and gas) to achieve carbon neutrality, said Raj Kumar Singh, India's minister of power and new and...

Hundreds of demonstrators surrounded the Swedish embassy in Baghdad. According to Reuters, who cited an eyewitness and a source familiar with the incident, they set fire to the embassy. No members of the diplomatic mission's staff were hurt, the newspaper added. Reuters reports that Muqtada al-Sadr, the head of the Iraqi Shiite group Mahdi Army, was responsible for organizing the protests in...

According to Reuters, India will ask the G20 to approve its proposal to raise the proportion of taxes that multinational corporations must pay to nations where they produce extra profits. Sources in the Indian government say that under a new international tax structure, India will attempt to boost the percentage of taxes that foreign corporations would be required to pay to nations where they...

According to a study from the republic's statistics and census institute, the consumer price index overall increased 6% in June 2023. Argentina's inflation rate has surpassed 50% since the year's beginning, and prices increased by 6% in June. This is in line with the information that the Institute of Statistics and Census of the Republic released on Thursday. "In June 2023, the consumer price...