Credit-rating downgrades EU rescue fund, yet investors show confidence; Rating agencies critiqued as "neither accurate nor merely observers"; Chinese economy slows; South Korea latest to feel US pressure on Iran sanctions; Pakistani Supreme Court orders PM to appear, South Carolina debate draws fire at Romney; and more
Read Morecredit rating agencies
Why the bad news isn't as bad as it looks
The double downgrade is exactly what the government didn't want eight weeks out from an election. But is it really so bad? Or does it speak to a larger narrative?
Read MoreWorld News Brief, Friday July 15
Credit ratings agencies threaten to downgrade US from AAA status; Republicans clash with Obama and each other over debt ceiling (+ analysis); China overtaking US as superpower; Italy plans US$67 billion in cuts to calm debt worries; At least 21 killed in more Mumbai bombings; Singapore's economy shrinks; and more
Read MoreWorld News Brief, Thursday July 14
Euro debt crisis expands: Ireland debt downgraded to junk, fears for Italy as bond yields rise, and Eurozone officials plan emergency summit for Greece (+ analysis); China's growth slows; Pakistan spy chief heads to Washington after US cuts off aid; Thousands flee Nigerian city after religious violence; and more
Read MoreWorld News Brief, Friday July 8
Major budget talks in US--Obama meets Boehner; US$1 trillion could be saved by reorganising federal government bureaucracy, according to expert; South Korea will host 2018 Winter Olympic Games; Hong Kong media reporting that former Chinese president Jiang Zemin has died; Libyan rebels take Western town on way to Tripoli; North Korea bribed Pakistani military for information on nuclear-bomb making; Europeans angry at credit rating agencies for downgrading Portugal; and more
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