Fitch confirmed the United States' foreign currency issuer default ratings of "AA+" for both the short and long term. The agency released a press release stating that the prognosis is "stable". "F1+" short-term ratings were confirmed. According to estimates by Fitch experts, the state budget deficit in 2023 will be 8.8% of GDP, a substantial increase from the previous year's 3.7% deficit at...

Nigeria has demanded that cryptocurrency exchange Binance pay $10 billion in damages in relation to the manipulation of the value of the naira (NGN), reports the BBC citing the Nigerian government. The government claims that Binance's speculative activities with the naira affected the rise of foreign currencies in Nigeria, resulting in an almost 70% decline in the value of the national currency...

India's statistics ministry released a study stating that the country's GDP increased by 8.4% year over year during the third fiscal quarter (October–December). The rate of growth surged to a peak after six quarters. Revisions to the figures indicate that the GDP grew by 8.1% during the second fiscal quarter. The average projection among experts surveyed by Trading Economics was a 6.6% increase...

More than 50,000 Central Asians entered the US illegally in 2023, according to Montana Senator Steve Daines, who made this claim at a news conference, citing a "high-ranking official". According to Mr. Daines, officials were worried about the migrant flow and thought that some of them might be "part of sleeper cells for a terrorist attack on the US". A non-profit organization that monitors asylum...

Ursula von der Leyen, President of the European Commission, stated that the European Union must work on the future of the European security architecture "in all its dimensions, with all the necessary speed and political will". "The threat of war may not be immediate, but it is not impossible either," she stated. "It's important to remember that the hazards are real and we need to be ready for...

In the fourth quarter of 2023, the GDP of Hong Kong expanded at its quickest rate since October–December 2021, with an annualized rate of 4.3%, as shown in in the statistical office report. The economic recovery picked up speed from 4.1% in the third quarter thanks to increases in consumer spending and exports of goods and services. Additionally, provisional reports indicated that Hong Kong's...

According to US Treasury Secretary Janet Yellen, it is critical to ascertain how Russia's embargoed assets may be utilized to aid Ukraine. Yellen made this declaration prior to a gathering of the G20's central bank chiefs and finance ministers. "I believe our coalition needs to find a way to use these blocked assets as quickly as possible to support Ukraine's resistance and its long-term...

Qatar intends to raise its capacity to produce liquefied natural gas (LNG) by almost 85% by the end of this decade, according to a news statement from the country's state-owned QatarEnergy. Currently, the nation has the capacity to produce over 77 million tons of LNG annually. The number will increase to 142 million tons annually by the end of 2030, according to remarks made on Sunday by Saad bin...

Over 153,000 students have had their obligations for the $1.2 billion in federal education loans written off by US President Joe Biden. One of the key agenda items for Joe Biden's presidential campaign was debt reduction. Mr. Biden has already signed more than twenty executive orders canceling student debts under the federal loan program during his time as President of the United States. $138...