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Israeli economy in tatters

IN-DEPTH

Israel's banking crisis

The Israeli banking crisis is driven by banks prioritizing profits over customer needs, exploiting a weak regulatory environment and a lack of competition.

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SAUDI ARABIA

S&P cuts Saudi Arabia credit rating

Standard & Poor’s (S&P) has downgraded its sovereign credit rating for Saudi Arabia.

Standard & Poor's (S&P)

BUSINESS

S&P downgrades Japan's credit rating

Standard & Poor's rating agency downgrades Japan's sovereign credit rating by one notch to A+ saying that Japan is unable to end deflation.

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