Market Reactions
US Credit Rating Downgraded Due to National Debt
Credit rating agency Moody's is downgrading the US credit rating from the top rating of Aaa to Aa1, reports TT. The reason is the increase in national debt.
Moody's competitors Fitch Ratings and S&P Global Ratings have previously made the same downgrade, which means that the world's largest economy has now lost its highest credit rating.
The US national debt currently stands at over $36 trillion. That is 13 percent higher than a year ago, writes CNBC.
US Credit Rating Downgraded Due to National Debt
Credit rating agency Moody's is downgrading the US credit rating from the top rating of Aaa to Aa1, reports TT. The reason is the increase in national debt.
Moody's competitors Fitch Ratings and S&P Global Ratings have previously made the same downgrade, which means that the world's largest economy has now lost its highest credit rating.
The US national debt currently stands at over $36 trillion. That is 13 percent higher than a year ago, writes CNBC.
Middle East Visit
Analysis: Trump has no other plan than capitalism
Donald Trump's tour of the Middle East is over and a tumultuous week in world politics is now to be summed up.
BBC reporter James Landale has difficulty putting everything together and uses the old quote, usually attributed to Vladimir Lenin, that there are decades when nothing happens and weeks when tens of years of development occur.
In recent days, Trump has, seemingly on his own initiative, made billion-dollar deals in Gulf states, lifted sanctions on Syria, tried to broker peace in Ukraine and took credit for preventing a nuclear war between India and Pakistan.
If one can find a "Trump doctrine", it can be summarized in two points, Landale writes: the United States should not interfere in the affairs of other countries and world peace should be built on capitalism.
These are starting values that fit the Gulf countries like a glove, analyst Jon Alterman tells the New York Times. Their leaders see Trump as a sensible leader who is like themselves. This can be contrasted with several of Trump's predecessors.
"During the 2020 election campaign, Joe Biden promised to hold Saudi Arabia accountable for its human rights abuses. Then he met with the crown prince and did a fist bump," writes Politico.
Analysis: Trump has no other plan than capitalism
Donald Trump's tour of the Middle East is over and a tumultuous week in world politics is now to be summed up.
BBC reporter James Landale has difficulty putting everything together and uses the old quote, usually attributed to Vladimir Lenin, that there are decades when nothing happens and weeks when tens of years of development occur.
In recent days, Trump has, seemingly on his own initiative, made billion-dollar deals in Gulf states, lifted sanctions on Syria, tried to broker peace in Ukraine and took credit for preventing a nuclear war between India and Pakistan.
If one can find a "Trump doctrine", it can be summarized in two points, Landale writes: the United States should not interfere in the affairs of other countries and world peace should be built on capitalism.
These are starting values that fit the Gulf countries like a glove, analyst Jon Alterman tells the New York Times. Their leaders see Trump as a sensible leader who is like themselves. This can be contrasted with several of Trump's predecessors.
"During the 2020 election campaign, Joe Biden promised to hold Saudi Arabia accountable for its human rights abuses. Then he met with the crown prince and did a fist bump," writes Politico.
Trump's tariff policy
Trump rages against Walmart after price warning: “Swallow the tariffs!”
Walmart warned in connection with this week's quarterly report that it may have to raise its prices, due to the tariffs. This is making President Donald Trump go crazy.
"Walmart should stop using tariffs as a reason to raise prices. Walmart made billions of dollars last year," he writes in a post on Truth Social and continues:
"They should, as they say, swallow the tariffs and not take anything from their customers. I will be watching – and so will the customers!!!"
Retail giant Walmart, one of the world's largest companies, made a profit of just over 7 billion kroner in the last quarter.
Trump rages against Walmart after price warning: “Swallow the tariffs!”
Walmart warned in connection with this week's quarterly report that it may have to raise its prices, due to the tariffs. This is making President Donald Trump go crazy.
"Walmart should stop using tariffs as a reason to raise prices. Walmart made billions of dollars last year," he writes in a post on Truth Social and continues:
"They should, as they say, swallow the tariffs and not take anything from their customers. I will be watching – and so will the customers!!!"
Retail giant Walmart, one of the world's largest companies, made a profit of just over 7 billion kroner in the last quarter.
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