BREAKING NEWS

UK's Osborne: No let-up after AAA rating affirmed

By REUTERS

JULY 28, 2012 13:16

LONDON - Chancellor George Osborne vowed on Saturday that Britain would not relax its resolve to deal with its debts after rating agency Standard & Poors (S&P) reaffirmed the UK's AAA credit rating.

S&P said on Friday its outlook for the rating was stable, reflecting its expectation that Britain will implement the bulk of its fiscal consolidation program.

The decision was welcome news for Osborne who has been under pressure to ease his tight stance as the economy stays mired in recession.

"As Britain welcomes the world to our country for the Olympic games, this is a reminder that despite the economic problems we face, the world has confidence that we are dealing with them," he said in a statement.

Saudi Arabia, BlackRock join forces to launch Riyadh investment platform

By THE MEDIA LINE STAFF

05/02/2024 05:07 AM

Palestinian Authority security forces shoot Hamas terrorist in Tulkarm

By WALLA!

05/02/2024 03:53 AM

Missile strikes postal depot in Ukraine's Odesa, 14 injured

By REUTERS

05/02/2024 02:34 AM

Gaza humanitarian aid port will be up and running by the weekend

By JERUSALEM POST STAFF

05/02/2024 12:27 AM