France Hit With Record Credit Downgrade as Debt and Political Turmoil Mount

France Hit With Record Credit Downgrade as Debt and Political Turmoil Mount

France has suffered its worst-ever credit rating cut, with Fitch lowering the country’s sovereign score to A+ on Friday. The move strips the euro zone’s second-largest economy of its AA- status, piling pressure on a government already mired in political crisis and rising debt. The downgrade comes just days after Prime Minister Sebastien Lecornu took…

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Big Tech’s Data Centers Are Draining Power. States May Pull the Plug in Emergencies

Big Tech’s Data Centers Are Draining Power. States May Pull the Plug in Emergencies

America’s electric grids are straining under the weight of Big Tech’s booming data centres, and officials are now eyeing a dramatic solution: cutting them off during power emergencies. Texas has already made the first move. After a deadly 2021 winter blackout killed dozens, lawmakers passed a law requiring utilities to disconnect big energy users like…

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China Sets 2025 Auto Sales Goal Lower Than Industry Forecast, Promises Tougher Rules

China Sets 2025 Auto Sales Goal Lower Than Industry Forecast, Promises Tougher Rules

China has set a target of 32.3 million vehicle sales for 2025, a figure slightly below the 32.9 million projected by the China Association of Automobile Manufacturers (CAAM), the country’s top auto industry body. The goal was announced Friday in a plan from the Ministry of Industry and Information Technology, working with seven other government…

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