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S&P Global upgrades Pakistan’s credit rating to ‘B’

Agency cites stronger institutional capacity, sustained implementation of IMF reforms for move Standard & Poor’s (S&P) Global on Tuesday upgraded Pakistan’s long-term sovereign credit rating to ‘B’ from ‘B-‘. Pakistan was last assigned a ‘B’ rating between October 31, 2016 and February 3, 2019. S&P Global also raised Pakistan’s transfer and convertibility assessment to ‘B’ … Read more

Algeria evacuates residents as wildfires spread in Annaba province

Firefighters battle blazes amid record heat, strong winds as 66 fires remain active across 19 provinces Algerian authorities evacuated residents from areas threatened by wildfires and cleared a hospital in the town of Seraidi in the eastern province of Annaba late Tuesday as firefighters continued efforts to contain the blazes. The General Directorate of Civil … Read more

US to spend $5b on health, construction research powered by AI

Agencies to use funding to accelerate drug discovery, develop longer-lasting building materials The United States will spend $5 billion to tackle long-standing scientific problems across multiple fields using AI, the Trump administration said in a statement on ​Wednesday. The agencies will use the funding to identify the root causes of ‌chronic diseases, accelerate drug discovery … Read more

S&P upgrades Pakistan's credit rating to 'B' from 'B-', highest in eight years

[Standard & Poor's (S&P) Global on Tuesday upgraded Pakistan's Long-Term Instruments Credit Rating to 'B' from 'B-'. The upgrade brings the country's rating status to an effective eight-year high. Pakistan was last placed in the B category from October 31, 2016 to February 3, 2019. The rating was upgraded due to stronger institutional capacity, sustained … Read more