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Fitch downgrades China sovereign credit outlook on debt fears
Fitch downgrades China sovereign credit outlook on debt fears
Economy
by  AFP

Ratings agency Fitch said Wednesday it had downgraded China's sovereign credit outlook to negative, citing increased risks to the country's public finances, in a move Beijing swiftly called "regrettable". Fitch said its outlook revision "reflects increasing risks to China's public finance outlook" as the country "contends with more uncertain economic prospects".

Microsoft to invest $2.9 bn in Japan AI push
Microsoft to invest $2.9 bn in Japan AI push
Economy
by  AFP

Microsoft on Tuesday announced a $2.9 billion investment over the next two years in Japan to bolster the country's push into artificial intelligence and strengthen its cyber defences in the face of threats from China and Russia. "This is Microsoft's single largest investment in its 46-year history in Japan," said Brad Smith, Vice Chair and President of Microsoft, who met Kishida on Tuesday.