Moody’s cuts China outlook to ‘negative’, cites reforms and fiscal risks

Courtesy Dawn News SHANGHAI: Moody’s downgraded its outlook on Chinese government debt to “negative” from “stable” on Wednesday, citing uncertainty over authorities’ capacity to implement economic reforms, rising government debt and falling reserves. “Without credible and efficient reforms, China’s Gross Domestic Product (GDP) growth would slow more markedly as a high debt burden dampens business…

Inflation rises to 4pc

Courtesy Dawn News ISLAMABAD: Annual inflation rose to four per cent in February 2016 from 3.3pc in the preceding month, the Pakistan Bureau of Statistics said showed on Tuesday. Average inflation for July-February 2015-16 stood at 2.48pc. The Consumer Price Index (CPI), used to measure prices of 481 commodities, has been witnessing an upward trend…

Google expands self-driving car testing to Washington

Courtesy Geo.tv WASHINGTON: Alphabet Inc said Wednesday its self-driving car project will expand testing to Kirkland, Washington later this month, the third city where it is testing autonomous vehicles. The company’s Google unit has conducted autonomous vehicle testing for six years in Mountain View, California, where it is based, and it expanded testing to Austin, Texas…