Current Affairs Global - 3 August 2015

1. Global Credit Rating agency Standard & Poor's has lowered its outlook on the European Union to -Negative- from existing outlook of -Stable- as it expects that the EU would provide first-loss guarantee support for financing connected to the Juncker investment plan. 

2. Famous country singer of USA Lynn Anderson passed away after she suffered a heart attack in Nashville, US. She was 67. Best known for her 1971 worldwide hit I Never Promised You a from Rose Garden, she had won a Grammy award for Rose Garden and in 1971, she was also the Country Music Association-s female vocalist of the year.