Three charged with sneaking Nvidia AI chips from US into China
US prosecutors have unsealed an indictment revealing a $2.5 billion AI chip smuggling scheme involving employees of Super Micro Computer, targeting Nvidia GPUs destined...
Blockbuster EU-Mercosur trade deal enters into force
The European Union has moved forward with a major trade deal with the Mercosur group in South America, and it officially starts on Friday.
This...
Adidas shares slump on downbeat profit outlook
Adidas shares fell sharply on Wednesday after the German sportswear company issued a cautious profit forecast for 2026 and warned of a €400 million...
Toyota sees profit drop as US tariffs, Mideast bite
Japanese auto giant Toyota says it expects profits to fall sharply over the next year as it deals with US tariffs and instability in...
China sets lowest growth target in decades as consumption lags
Beijing – China has set its lowest annual growth target in decades, aiming for 4.5–5 percent in 2026, as authorities focus on tackling sluggish...
Strait of Hormuz impasse squeezes world shipping
Strategic ImportanceThe Strait of Hormuz is a critical chokepoint for global energy markets, with roughly 20% of seaborne oil passing through. Beyond oil, it...
‘Blindsided’: US farmers strained as fertilizer costs surge on war
Farmers across the United States are feeling the shock of rising costs after conflict in the Middle East disrupted global supply chains and pushed...
Stocks extend gains and oil dips as US, Israel, Iran continue...
Asian markets mostly rose Wednesday while oil prices dipped, following another tech-led rally on Wall Street. The gains come amid ongoing conflict in the...
ExxonMobil slows low-carbon investment push through 2030
ExxonMobil announced that it is scaling back its planned investments in low-carbon projects for the 2025–2030 period. The company now expects to spend around...
Asian markets rise on lingering trader optimism
November 3, 2025 — Asian markets climbed Monday, buoyed by optimism from Wall Street’s AI-fueled rally and signs of easing China–US tensions, as investors...
Global economy under ‘major threat’ from Strait of Hormuz crisis: IEA...
In Sydney, Fatih Birol, the head of the International Energy Agency, warned that the global economy is in serious trouble because of the energy...
Asian markets tumble as tech bubble fears grow
Hong Kong — Tech stocks led a broad sell-off across Asian markets on Wednesday, as mounting fears of an AI bubble sparked panic among...
Iraqi News
Two weeks to recalculate the budget… Parliamentary Finance Committee reveals the repercussions of the...
Former Parliamentary Finance Committee member Mohammed al-Shabaki said the Iraqi government will need at least two weeks to restructure the budget following the decision...
Investment Call for Mosul Airport Management
Iraq has invited international companies specializing in airport management and operations to invest in and develop Mosul International Airport.
Prime Minister Ali al-Zaidi made the...
Iraq Customs Revenue up 32% Year-on-Year
Iraq’s General Customs Authority collected IQD 442.3 billion ($293 million) in customs revenues in September 2026, up from IQD 334.2 billion ($221 million) in...
The popular movement warns of the danger of using the exchange rate option to...
Hussein al-Karawi, head of the organizing committee for the popular movement supporting the Belt and Road Initiative, has warned against using the dollar exchange...
Oil prices declined globally; Brent crude fell to $106 and West Texas Intermediate (WTI)...
Global oil prices fell on Tuesday after rising in the previous session, as traders weighed the possibility of Russian diesel supplies returning to the...