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IMF upgrades China’s growth outlook

The Chinese economy is set to grow 5.4% this year, the International Monetary Fund said this week, citing better-than-expected third-quarter results and Beijing’s policy measures. The forecast is an upward revision of an earlier projection of 5% growth.

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US credit rating downgraded to ‘negative’

International credit rating agency Moody’s has changed its outlook on the US from “stable” to “negative,” citing massive fiscal deficits and a notable decline in debt affordability as major reasons for the move on Friday.

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Asian country calls for boycott of ‘pro-Israeli’ goods   

Indonesian activists want to blacklist McDonald’s and Coca-Cola over their alleged support for West Jerusalem Indonesian activists are calling for a boycott of what they call pro-Israeli products in a humanitarian gesture to pressure Israel to stop hostilities in Gaza, Republik media outlet reported on Thursday.

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