Cyprus says Moody’s A3 upgrade vote of confidence in economy
NICOSIA (Reuters) – A two-notch upgrade of Cyprus’ debt by Moody’s (NYSE:MCO) is a vote of confidence in the island’s economy, the country’s president said on Saturday. Moody’s upgraded Cyprus’ long-term issuer and senior unsecured ratings to A3 from Baa2, citing a “material improvement” in fiscal and debt metrics that the rating agency expected to…
How will other countries respond to Trump’s tariffs?
Investing.com — The imposition of tariffs under a potential second Trump administration is expected to prompt a response from affected nations that mirrors the measured retaliation strategies observed during his first term. Analysts at Capital Economics suggest that while countries are likely to retaliate against the economic strain of U.S. tariffs, these responses will aim…
Investing.com stocks of the week
Investing.com — This week has seen significant activity in the markets, with several notable names making headlines for a variety of reasons. Here are Investing.com’s top stocks of the week: Target (NYSE:TGT), Super Micro Computer (NASDAQ:SMCI), and MicroStrategy. Target Target shares plunged by almost 22% Wednesday after the company’s latest quarterly earnings significantly disappointed investors. The…
These are the 2 latest themes in US nuclear power
Investing.com — U.S. nuclear power is poised for significant growth, with two major themes said to be driving the industry’s future: expansion of domestic capacity and localization of enriched uranium supply. According to Daiwa Capital Markets, these developments could unlock billions in new markets while reshaping the energy landscape. Nuclear equipment Daiwa explained in its research…
What’s the impact of RFK Jr as new head of HHS on the U.S. Food sector?
Investing.com — The appointment of Robert F. Kennedy Jr. as the new Secretary of Health and Human Services (HHS), pending Senate approval, could have big implications for the US food sector. Kennedy’s outspoken stance against “Big Food” and his call to remove chemicals from America’s food supply signal potential challenges for the industry. His proposal…
Wealthy countries back raising COP29 climate deal to $300 billion, sources say
By Kate Abnett and Valerie Volcovici BAKU (Reuters) – The European Union, United States and other wealthy countries at the COP29 climate summit have agreed to raise their offer of a global finance target to $300 billion per year by 2035, sources told Reuters on Saturday. The shift in position came after a $250 billion…
How big fossil-fuel-producing countries export emissions abroad
By Mohamed Ezz and Valerie Volcovici ALEXANDRIA, Egypt/BAKU (Reuters) – Black dust coats streets and collects on rooftops in the neighbourhood adjoining a sprawling cement factory in the Egyptian city of Alexandria. Activists and local residents accuse the plant operated by the Alexandria Portland Cement Company (APCC), a subsidiary of Greece’s Titan Cement, of fouling…