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HomeDaily NewsSaturday, September 13, 2025Fitch Downgrades France's Rating, AstraZeneca Pauses UK Investment, and Protests Damage Nepal's Hotel Sector - September 2025
Business & Economy3 stories from 1 sources

Fitch Downgrades France's Rating, AstraZeneca Pauses UK Investment, and Protests Damage Nepal's Hotel Sector - September 2025

Rating agency Fitch downgraded France’s long-term sovereign credit rating from AA- to A+, citing the nation's high government debt and political fragmentation. In the United Kingdom, AstraZeneca has paused plans for a £200 million investment at a Cambridge research site, a move that would have created 1,000 jobs and follows a similar withdrawal by US firm Merck. Separately, Nepal's hotel sector has suffered significant financial losses exceeding 25 billion Nepali rupees due to recent protests. Numerous hotels experienced extensive damage from vandalism and arson attacks on September 9.

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Saturday 11:21 AMCapital Business

Nepal’s hotel sector suffers extensive damage in protests

Nepal’s hotel sector suffers extensive damage in protests

Nepal's hotel sector has incurred significant financial losses exceeding 25 billion Nepali rupees due to recent protests across the country. Numerous hotels, including international brands, sustained extensive damage from vandalism and arson attacks on September 9.

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Key Highlights

Nepal's hotel sector has incurred significant financial losses exceeding 25 billion Nepali rupees due to recent protests across the country. Numerous hotels, including international brands, sustained extensive damage from vandalism and arson attacks on September 9.

  • Nationwide losses from the protests are projected to exceed 25 billion rupees, with damage to the Hilton Hotel in Kathmandu alone estimated at over 8 billion rupees.
  • The Hotel Association Nepal released a statement detailing the damages and appealed for a relief package to aid the affected hotels.
  • Nearly two dozen hotels, encompassing both domestic and international brands, were extensively damaged in the attacks.
Saturday 1:10 AMCapital BusinessFirst

AstraZeneca pauses £200mn Cambridge investment

AstraZeneca pauses £200mn Cambridge investment

AstraZeneca has paused plans to invest £200 million at a Cambridge research site, a move that would have created 1,000 jobs. This decision represents a fresh blow to the UK pharmaceutical industry, following a similar withdrawal by US pharmaceutical giant Merck.

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Key Highlights

AstraZeneca has paused plans to invest £200 million at a Cambridge research site, a move that would have created 1,000 jobs. This decision represents a fresh blow to the UK pharmaceutical industry, following a similar withdrawal by US pharmaceutical giant Merck.

  • AstraZeneca's Cambridge expansion, announced in March 2024, is now paused.
  • The pause comes after Merck scrapped a £1 billion UK expansion and as President Donald Trump pressures pharmaceutical firms to invest more in the US.
  • AstraZeneca previously scrapped plans to invest £450 million in a vaccine manufacturing plant in Merseyside in January.
  • UK spending on medicines has fallen from 15% of the NHS budget to 9% over the last 10 years.
  • AstraZeneca announced in July that it would invest $50 billion (£36.9 billion) in the US for "medicines manufacturing and R&D."
Saturday 9:02 AMCapital Business

Fitch downgrades France’s credit rating to A+

Fitch downgrades France’s credit rating to A+

Rating agency Fitch has downgraded France’s long-term sovereign credit rating from AA- to A+, with a stable outlook. This decision was primarily driven by the nation's high and rising government debt, political fragmentation, and projected high deficits.

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Key Highlights

Rating agency Fitch has downgraded France’s long-term sovereign credit rating from AA- to A+, with a stable outlook. This decision was primarily driven by the nation's high and rising government debt, political fragmentation, and projected high deficits.

  • Fitch projects France's debt to reach 121 percent of GDP by 2027, up from 113.2 percent in 2024.
  • The French Ministry of Economy, Finance and Industrial and Digital Sovereignty, via Minister Eric Lombard, has "taken note" of the downgrade.
  • New Prime Minister Sebastien Lecornu is consulting with Parliament to restore public finances.
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