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Moody's advises staff to work from home ahead of China outlook cut. Palestinians in Gaza face worsening humanitarian crisis and dire living conditions. Ukraine's response to potential funding drying up. Oil prices hit lowest level in five months.
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- Moody's downgrade of China's sovereign credit ratings has resulted in precautionary advice to its staff to work from home, indicating a delicate situation for the agency in China.
- The ongoing conflict between Israel and Hamas has led to a dire humanitarian crisis in Gaza, with limited places to evacuate to and a scarcity of food and healthcare.
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Moody's advises staff in China to stay home after credit downgrade
Moody's, the American credit rating agency, has advised its staff in China to stay home as a precautionary measure following its downgrade of the country's sovereign credit ratings. Chinese officials have criticized the rate cut, raising concerns about potential retaliation. While a raid on Moody's offices is considered unlikely, China has previously ordered raids on US groups in response to certain actions. The relationship between Moody's downgrade and the precautionary advice to stay home suggests a delicate situation for the agency in China.
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