Fitch

Fitch trims India's growth forecast to 6.4% as Middle East turmoil clouds outlook

This financial year, India’s economic numbers might lose some points to the ongoing Middle East chaos. The conflict has dented consumer spending, as households are feeling the pinch of rising costs. Global analytics firm Fitch Ratings on Tuesday cut its FY27 GDP forecast for the country to 6.4% from 6.7% projected earlier.

Fitch Ratings Sees Strait of Hormuz Reopening in July

Strait of Hormuz closure: Why high oil prices may be a temporary shock only - explained

Oil prices may average at around $87 per barrel in 2026 as the reopening of Strait of Hormuz in the coming months would ease crude supplies globally, says Fitch Ratings. Global oil markets are likely to move back into surplus once shipping through the Strait of Hormuz resumes, despite the sharp rise in prices caused by the closure of the key maritime route, the report says. “Oil prices will be lower if Hormuz reopens earlier.

The hypercubic Mk model in reduced state space for the coupled, reversible coevolution of multiple binary characters

Many scientific questions involve the coevolution of coupled, binary features over time -- from phenotypes in evolutionary biology to mutations in cancer development. Evolutionary accumulation models (EvAMs) often neglect reversibility in these systems, uncertainty in observations, and/or phylogenetic connections between observations. By contrast, the Mk model from phylogenetic comparative methods supports reversibility, uncertainty, and relatedness, but compute time scales like O(4^L) in...

Indonesia passes sweeping bill expanding central bank role to spur growth

Indonesia passes sweeping bill expanding central bank role to spur growth JAKARTA, June 4 : Indonesia's parliament on Thursday passed sweeping legislation that places further emphasis on Bank Indonesia supporting economic growth, while empowering lawmakers to evaluate independent financial regulators and the central bank. Parliament passed the bill by acclamation, with support from all parties, according to the deputy speaker, Sufmi Dasco Ahmad, who led Thursday's plenary session. The bill,...

So You Want a Coat of Arms

The first thing you notice upon entering the College of Arms, in London, is a small and incongruously blue statue of a kiwi, clutching a gold axe in its right claw. Sorry, let me try that again: In the odd historic language of heraldry, this is “a kiwi Azure grasping in the dexter foot an ice axe bendwise Or. ”The bird belongs to the coat of arms of Sir Edmund Hillary, a New Zealander, who was part of the first team to conquer Mount Everest.

Indonesia passes bill expanding central bank role to spur growth

Indonesia passes sweeping bill expanding central bank role to spur growth JAKARTA, June 4 : Indonesia's parliament on Thursday passed sweeping legislation that doubles down on Bank Indonesia's role to support growth, while empowering lawmakers to make binding recommendations for independent financial regulators and the central bank. The bill has added to investor concerns about the possibility of political interference in the central bank to ensure compliance with President Prabowo...

Oil climbs as U.S.-Iran trade strikes while Trump says negotiations with Tehran underway

Oil prices rose Wednesday as investors weighed uncertainty over U.S.-Iran talks with the two countries launching fresh strikes Tuesday, even as President Donald Trump said negotiations with Tehran were ongoing. West Texas Intermediate futures for July delivery gained over 1% to $94.81, while the international benchmark Brent crude for August delivery advanced 0.88% to $96.84 per barrel. U.S. Central Command said Tuesday that it had defeated multiple Iranian ballistic missiles and drones and...

China trade defies Iran war drag as exports, imports beat estimates in May

China's trade growth held up better than expected in May, as surging AI-related exports helped buffer the economy against disruption from the Iran war. Exports rose 19.4% from a year earlier in U.S. dollar value terms, customs data showed Tuesday, accelerating from the 14.1% gain in April. Economists polled by Reuters had pegged growth at 15%.

Patrick Mahomes and Brittany Mahomes combined net worth in 2026

Patrick Mahomes is making the most of his offseason by watching softball with his wife, Brittany Mahomes. The Kansas City Chiefs’ star quarterback was recently spotted supporting his alma mater, the Texas Tech, as they played the Alabama in the 2026 Women’s College World Series [WCWS] at Devon Park in Oklahoma City.