China’s Rising Debt Spurs Moody’s to Lower Credit Outlook

In another blow to China’s economy, the credit ratings agency Moody’s said Tuesday that it had issued a negative outlook for the Chinese government’s financial health. Moody’s expressed concern at the potential cost to the national government of bailing out debt-burdened regional and local governments and state-owned businesses. Moody’s, which previously viewed China’s finances as…

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Tensions Rise at the COP28 Climate Summit

Climate concerns boil over Tensions are rising on Monday over contentious comments by Sultan Ahmed al Jaber, the oil executive and Emirati politician presiding over the COP28 climate summit. His skepticism about the world’s ability to halt a rise in global temperatures by reducing the use of hydrocarbons is casting fresh doubts over the U.A.E.’s…

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