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Qatar removed from Fitch’s negative watch list as risks to LNG sites ease | Business and Economy News

The global ratings agency has also maintained the country’s sovereign rating at AA.

Fitch Ratings has removed Qatar from “Rating Watch Negative” while maintaining its sovereign rating at AA amid the US-Israel war on Iran and the Strait of Hormuz blockade.

The global ratings agency announced the decision on Friday, citing reduced risks to the country’s liquefied natural gas (LNG) facilities since March.

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The agency, however, kept a negative outlook on the rating, citing ongoing risks surrounding the movement of gas exports through the blockaded Strait of Hormuz.

“The impact of the war on the credit profile will take longer to discern,” the agency said in a statement.

Qatar, one of the world’s largest gas exporters, continues to face export disruptions and shortages caused by damaged energy facilities during the war on Iran, which began six months ago.

Earlier this year, credit agencies S&P and Moody’s also affirmed Qatar’s ratings, noting that the country’s sizeable financial cushion helps protect it from the economic impact of the war.

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Urgent need for access to Iranian sites, cautions UN nuclear watchdog | Nuclear Energy News

The IAEA said lack of information and access to facilities to verify Iran’s nuclear material is a proliferation concern.

The International Atomic Energy Agency (IAEA) has called for “utmost urgency” to address the lack of access to Iran’s nuclear sites.

In a quarterly report seen by news agencies on Tuesday, the United Nations nuclear watchdog labelled its “lack of information about this nuclear material and access to facilities to verify it is a matter of proliferation concern”.

The US has claimed preventing Iran from acquiring a nuclear weapon – an ambition that Tehran continues to deny – as the motivation for the war that it launched in March. However, Tehran has been successful in shifting the focus of the hostilities to control of the strategic Strait of Hormuz waterway.

In particular, the IAEA report raised concerns over the lack of access to the Isfahan plant, which was targeted several times by the US and Israel over the past year or so.

In the report, IAEA Director General Rafael Grossi expressed his “conviction that the long-standing problems and recurrent crises surrounding these issues must be resolved through a long-lasting, verifiable diplomatic agreement”.

However, Iran has said that access to the sites that have been struck by military action must be arranged via special arrangement.

The head of Iran’s Atomic Energy Organization, Mohammad Eslami, said on August 26 that the IAEA “cannot seek to inspect these centres until it develops specific criteria and protocols for inspecting sites targeted by military attacks”.

Tehran suspended cooperation with the UN nuclear watchdog following US and Israeli attacks on Iran in June 2025 that included strikes on nuclear sites before saying in September 2025 it would allow the UN agency’s inspectors to return.

However, access to the nuclear sites that have been bombed has not yet been granted. Despite US President Donald Trump having claimed last year that the US had destroyed the facilities and crippled Tehran’s nuclear programme, Iran’s stores of enriched uranium remain unaccounted for.

Tehran has repeatedly denied any military ambition linked to its nuclear programme, insisting on its right to the technology for civilian purposes.

However, the IAEA, whose latest report will be discussed at its board of governors meeting from September 21-25, has reported in the past that the level of Iran’s enrichment of its uranium reserves is well above that needed for civilian purposes, although neither is it at the level of weapons grade.

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Democrats narrow their list of 2028 presidential convention sites to Boston, Denver and Philadelphia

Democrats on Thursday narrowed the list of potential host cities for their 2028 presidential convention to Boston, Denver and Philadelphia as their party looks ahead to a wide-open primary to succeed President Trump.

Democratic National Committee Chairman Ken Martin said in a statement the cities put forward “incredibly strong bids,” and he promised the convention would be an “inspiring celebration of our party’s future nominee.”

A final decision is expected to be made later this year by party leaders. Republicans have already chosen Houston for the site of their 2028 convention.

The Democratic convention, scheduled for Aug. 7-10, 2028, traditionally gives the party a chance to formally introduce its nominee to the country, rally the base and kick-start the most intense period of campaigning ahead of the general election.

The party didn’t specify why Atlanta and Chicago, which was the site of the 2024 convention, were eliminated. Officials visited all five cities in April and May, considering logistical and fundraising capacity among other factors.

The three finalists are liberal strongholds surrounded by the type of suburban areas that have become increasingly important to the party in recent elections. They also provide access to fundraising and key demographic and interest groups, like labor unions.

While Colorado and Massachusetts have gone Democratic in recent presidential elections, Pennsylvania has been among the biggest battlegrounds. Trump, a Republican, won Pennsylvania in 2024.

Philadelphia last hosted the convention in 2016, Denver in 2008 and Boston in 2004.

Before the presidential primary gets into gear, Democrats are looking at this year’s midterm elections as an opportunity to flip the narrowly divided Republican-led House and maybe take back control of the Senate.

Democrats face fundraising disadvantages compared with Republicans, along with financial debt, and Martin has confronted criticism over his stewardship of the party.

During a recent DNC meeting in Texas, Martin downplayed the critics and called for the party to unite as it tries to win the midterms and look ahead to 2028 and the end of Trump’s second term.

Catalini writes for the Associated Press.

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Homes near pylons to get £250 a year off energy bills – first sites revealed

UK Energy Minister Michael Shanks told BBC Radio Scotland Breakfast the UK’s power infrastructure had undergone decades of “woeful underinvestment”.

He said he understood the objections of those living nearby, but added the pylons were “crucial” to ensure the National Grid maintained future resilience.

“I totally accept that people might not like that, but it is critical national infrastructure and it has to be built somewhere,” he said.

“Building any kind of infrastructure in these communities does cause disruption. But that doesn’t mean we shouldn’t build any kind of infrastructure and I’m afraid in this country, for too long, we have taken that view, and the result is that we have been held back by not having the infrastructure the country needs.”

Shanks added: “Either we go through decades of not upgrading the grid and take the risk that the grid will actually fail, but we also lose the opportunity of cheaper bills, homegrown power connecting.

“We’re not prepared to take that risk.”

The Department for Energy Security and Net Zero says Britain’s electricity grid was largely designed for an era when power came from coal and gas-fired power stations, and now needs major upgrades to cope with growing amounts of renewable energy.

Ministers say the lack of capacity means some wind farms are sometimes paid to switch off because there is not enough network infrastructure available to carry the electricity to homes and businesses that need it.

Greg Jackson, chief executive of the UK’s biggest domestic energy supplier, Octopus Energy, said the electricity system is inefficient, brittle and expensive.

He told BBC Radio 4’s Today programme the discount scheme was a “positive first step”, adding that last year the UK spent more than £1bn paying wind farms to turn off on windy days.

“We should just be giving that electricity more cheaply to the people and businesses who live in the areas where we’re generating it,” he said.

“By doing that, you’d be able to stop wasting that money and instead put the electricity to use cutting bills for those people. But crucially cutting bills for everybody else as well because it’s less wasteful.”

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Massive indoor play attraction with five UK sites is letting kids go FREE this month

THERE is still a long way to go before kids are back at school and a major attraction is offering free kids visits this month.

Activate is a popular immersive experience and across five London sites it is offering free kids tickets throughout August.

Activate is an immersive experience that has five sites in London Credit: Activate
Each venue has nine different games Credit: Activate

Inside the attractions you will find nine different games including Laser which has laser beams you must dodge and Mega Grid, which tests your speed and reaction time.

There’s also Strike, which makes dodgeball digital with each team having to hit a specific glowing screen on the wall.

To get the offer, every paying adult will be able to bring one child under the age of 16 for free.

Children’s tickets usually cost from £29.50, so for a family of four you could save up to £59.50 on a single visit.

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The offer is available across all peak sessions at Activate venues in London which include The O2, Oxford Street, Vauxhall, Westfield White City and Islington.

According to London TV, Richard Beese, CEO and Founder of We Do Play, which operates Activate in the UK, said: “The summer holidays are all about spending quality time together as a family, and we wanted to make it even easier for people to experience Activate.

“Our Kids Go Free offer gives families the opportunity to enjoy something active, exciting and genuinely different while making their money go further.”

Activate is open to kids over six-years-old and adults must accompany all children between six and 13.

Sessions usually cost £29.50 per child Credit: Activate

One recent visitor commented: “Activate is a great place for those who like to be active. If you like running around to press buttons, definitely check them out!

“The wrist bands and point collection system was a nice touch too. I had a really fun time!”



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