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Fitch cuts China credit rating on debt risks

April 04, 2025

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Gulf Today

BEIJING: Global ratings agency Fitch on Thursday downgraded China’s sovereign credit rating, citing expectations of a continued weakening of public finances and rapidly rising debt.

The downgrade came a day after President Donald Trump imposed sweeping tariffs on imports from US trading partners, with China among the hardest-hit, though Fitch said its move had not yet been incorporated into its forecasts.

Fitch cut China’s long-term foreign currency rating by one notch to A+ from AAa one year after it downgraded its outlook on China’s credit rating.

المزيد من القصص من Gulf Today

Gulf Today

Gulf Today

Experts recruit bed bugs as crime scene sleuths

Under glaring laboratory lights, a research assistant extends his forearm and carefully inverts a mesh-topped container onto his skin to allow a wriggling mass of bed bugs to feed on his blood, all in the name of science.

time to read

1 mins

November 26, 2025

Gulf Today

Man jailed, fined Dhs8,000 in fraud case

The Dubai Misdemeanours Court sentenced an Asian man to one month in jail and fined him Dhs8,000, ordering his deportation from the country after serving his sentence for defrauding a man and stealing Dhs8,000 from his account.

time to read

1 mins

November 26, 2025

Gulf Today

Real's Courtois, Huijsen ruled out as Inter aim to bounce back vs Atletico

Real Madrid duo Thibaut Courtois and Dean Huijsen will miss the Champions League trip to face Olympiacos on Wednesday.

time to read

3 mins

November 26, 2025

Gulf Today

New digital platform StakeOne floated in Dubai

Individuals in UAE are now eligible to buy, own, and manage full properties delivering an all-in-one, fully managed ownership experience through the newly launched digital platform StakeOne.

time to read

1 min

November 26, 2025

Gulf Today

Gulf Today

UK retailers' confidence sinks to 17-year low before budget

British retailers have reported the sharpest drop in confidence in 17 years and their sales fell again ahead of Wednesday's budget which is likely to include tax increases, according to a survey published on Tuesday.

time to read

3 mins

November 26, 2025

Gulf Today

Gulf Today

OMNIYAT, Team Bahrain Victorious sign deal

Shaikh Nasser Bin Hamad Al Khalifa, Representative of the Bahrain King for Humanitarian Work and Youth Affairs and Founder of Team Bahrain Victorious, witnessed the signing of a strategic partnership agreement between OMNIYAT and Team Bahrain Victorious to sponsor the cycling team in preparation for the 2026 season.

time to read

1 min

November 26, 2025

Gulf Today

Gulf Today

Kyiv wants 'sensitive issues' fixed, backs deal

Ukraine on Tuesday signalled support for the framework of a peace deal with Russia but stressed that sensitive issues needed to be fixed at a meeting between President Volodymyr Zelensky and US President Donald Trump.

time to read

1 mins

November 26, 2025

Gulf Today

Gulf Today

UAE and Kazakhstan sign strategic air safety investigation framework

The General Civil Aviation Authority (GCAA) of the United Arab Emirates, and the Directorate of Investigation of Transport Incidents at the Ministry of Transport of the Republic of Kazakhstan, have signed a Memorandum of Understanding (MoU) within a strategic partnership framework aimed at strengthening bilateral cooperation in the investigation of aircraft accidents and incidents.

time to read

2 mins

November 26, 2025

Gulf Today

Bencic and Eala to play at Abu Dhabi Open

The Mubadala Abu Dhabi Open has unveiled its first player confirmations for the 2026 edition, with defending champion Belinda Bencic and fast-rising Filipina talent Alexandra Eala set to headline the field when the WTA 500 event returns to the International Tennis Centre, Zayed Sports City, for its fourth edition from January 31 January to February 7, 2026.

time to read

2 mins

November 26, 2025

Gulf Today

Gulf Today

UAE and Lithuania to enhance trade and investment relations

The second UAE-Lithuania Business Council Meeting, held in the Lithuanian capital Vilnius, discussed opportunities to enhance trade and investment relations between the United Arab Emirates and the Republic of Lithuania, expand the base of joint business activity and promote the exchange of expertise and experiences between both sides.

time to read

3 mins

November 26, 2025

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