Instant View: Fitch downgrades U.S. foreign currency ratings to ‘AA+’ from ‘AAA’

(Reuters) – Ratings agency Fitch on Tuesday downgraded the United States’ long-term foreign currency ratings to AA+ from AAA, reflecting expected fiscal deterioration over the next three years as well as a high and growing general government debt burden. The downgrade follows a debt ceiling agreement in June that came after months of political brinkmanship…

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Pinterest sees stronger margins as ad rebound boosts quarterly results

(Reuters) -Image-sharing platform Pinterest beat Wall Street targets for second-quarter results on Tuesday and forecast higher margins for the year, supported by an advertising market recovery and cost-cutting measures. Tech giants Meta Platforms and Google parent Alphabet had also recorded strong ad sales, signaling a rebound in marketing spending by businesses as inflation cools and…

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Poland rushes troops to border, Belarus denies helicopter violation

By Agnieszka Pikulicka-Wilczewska WARSAW (Reuters) -Poland said on Tuesday it was rushing troops to its eastern border after accusing Belarus, Russia’s closest ally, of violating its airspace with military helicopters. The Belarusian military denied any such violation and accused NATO member Poland, one of Ukraine’s most fervent backers in its conflict with Russia, of making…

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