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Expanded Baby Powder Recall Over Possible Asbestos Contamination

2 months ago

Johnson & Johnson, the renowned company, has expanded its recall of baby powder over concerns regarding potential asbestos contamination. This move is part of an ongoing scandal related to the safety of the company's products, which has faced numerous lawsuits and allegations of harmful chemical content for many years.

S&P Upgrades Saudi Arabia Outlook, Flags Possible Ratings Upgrade

4 months ago

The international rating agency Standard & Poor's (S&P) has upgraded its outlook for Saudi Arabia from "negative" to "stable", hinting at a potential upgrade of the country's credit rating in the future. This announcement serves as an important signal for investors and participants in global financial markets, especially considering the new economic data and the effectiveness of the crisis management measures implemented in the country.

California: Electric Batteries Become Key Factor in Ensuring Power Grid Stability

4 months ago

The CEO of Pacific Gas and Electric (PG&E) stated that solar and wind batteries play a central role in maintaining the stability of California’s energy grid. According to him, as the use of renewable energy sources increases, so does the ability to ensure the reliable operation of the power system, especially in times of rising demand and climate change.

India Bolsters Semiconductor Ambitions with New Player

4 months ago

India is rapidly advancing its semiconductor efforts with the recent addition of L&T (Larsen & Toubro) to its chip production program. This development marks a significant stride for the Indian government in its goal to create a comprehensive ecosystem for semiconductor manufacturing, which is crucial for enhancing independence from global markets and manufacturers.

S&P's Watch on New Zealand's Current Account Deficit and Weak Economy

4 months ago

Standard & Poor's (S&P) has expressed concern regarding the growing current account deficit in New Zealand, which has become a primary factor that could impact the country's credit rating. According to recent data, the current account deficit has reached record levels, raising additional worries among international investors. Economists emphasize that such a deficit may indicate a lack of economic resources and a dependence on foreign investments.

Why Nvidia's Losses May Not Significantly Impact US Indexes

4 months ago

Recently, the market's attention has been captured by Nvidia, a company specializing in graphics processors, and its financial results. Following a recent report on the company's losses, many investors began to worry about potential implications for broader U.S. indexes such as the S&P 500 and Nasdaq.

S&P Downgrades Kenya: Deeper into Junk After Tax Hike Repeals

4 months ago

According to the latest news, S&P Global Ratings has decided to downgrade Kenya's credit rating to junk status. This decision follows the recent repeal of tax hikes that the government had implemented as part of its economic reforms. The downgrade comes amid concerns over worsening financial metrics and a rising debt burden on Kenya's economy.