Meanwhile, a tsunami warning issued for Miyakojima and Okinawa islands in Japan following a powerful earthquake in Taiwan has been downgraded from a warning to an advisory, CNN reported citing Japan's Meteorological Agency.
Pakistan becomes the only Asian country to be downgraded to an "authoritarian regime", registering the greatest deterioration of any country in the region classified as "Australia and Asia", according to the Economist Intelligence Unit's (EIU) Democracy Index 2023 report.
As per Fitch Ratings, the cumulative net downgrades have reached a record high of 235 since early 2019, underscoring the ongoing challenges faced by businesses in the region.
"Yesterday was the black day of democracy when it was passed in the Rajya Sabha to downgrade the capital Delhi as a corporation. What else can we say the day the BJP's fascism takes the stage it will destroy even the state even if the opposition party rules?" tweeted Stalin.
The US government’s credit rating has been downgraded by the Fitch Ratings from AAA to AA, citing a “steady deterioration in standards of governance," CNN reported on Tuesday.
Major credit rating agencies and financial firms are downgrading Israel’s standing, or issuing new warnings about its economy, in the wake of Monday’s passage of the first part of the government’s controversial judicial reforms. But Prime Minister Netanyahu says he is not too concerned by th
Thousands rally against the judicial overhaul on Saturday evening, the day after leading rating agency Moody's downgraded Israel's economic outlook from positive to stable, citing the "deterioration of Israel's governance" amid the coalition's highly contentious bid to dramatically weaken
According to Moody's Investors Service, the five banks to be downgraded on deposit rating include Allied Bank Limited (ABL), Habib Bank Ltd (HBL), MCB Bank Limited (MCB), National Bank of Pakistan (NBP) and United Bank Ltd (UBL).
Prime Minister Fumio Kishida, along with health minister Kato Katsunobu and other Cabinet members in a meeting of the government's task force made the decision to downgrade COVID-19 classification.
The 10th edition of the virus prevention and control protocol has been released in accordance to the decision to downgrade the epidemic management from Class A to Class B.