Live: Brooklyn subway shooting suspect arrested after manhunt, say reports
Business StandardOfficers with bomb-sniffing dogs look over the area after a shooting on a subway train April 12, 2022, in the Brooklyn borough of New York. S&P cuts Sri Lanka rating on 'virtual certainty' of default Sri Lanka was downgraded deeper into junk by S&P Global Ratings, which said the nation’s decision to suspend payments on its foreign debt has left a “virtual certainty of a default.” The country’s long-term foreign currency credit rating was cut to CC, the third-lowest level, from CCC by S&P on Wednesday, Bloomberg reported. Yellen says global growth will take a hit from Ukraine war Global economic growth will take a hit from Russia's war in Ukraine, US Treasury Secretary Janet Yellen said on Wednesday, noting that it had sent prices for food, energy and some metals sharply higher, fueling existing inflationary pressures. S&P downgrades Sri Lanka's foreign currency rating S&P Global Ratings on Wednesday lowered Sri Lanka's foreign currency rating to "CC" from "CCC", citing the economic crisis in the country and rising external funding pressures. "Sri Lanka's debt restructuring process is likely to be complicated and may take months to complete", the ratings agency said in a statement ED gives 4 more weeks to give court report on AirAsia probe The Delhi High Court Wednesday gave the Enforcement Directorate more time to file a report on its investigation in a money laundering case lodged against some officials of AirAsia India whose flying licence has been challenged by BJP leader Subramanian Swamy.