IMF reaches agreement with Senegal on new $2.2 bn loan programme
The International Monetary Fund (IMF) has reached a staff-level agreement with Senegal on a new $2.2 billion, 36-month loan program, nearly two years after...
Musk’s empire as SpaceX counts down to Wall Street liftoff
Elon Musk is seen by supporters as a visionary engineer trying to shape the future, while critics describe him as a controversial figure who...
Union calls strike at S. Korea chip giant Samsung Electronics
The labor union at Samsung Electronics announced on Wednesday that it will move ahead with a major strike after negotiations with management over bonus...
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...
AirAsia signs $19bn deal for 150 Airbus A220 jets
Southeast Asian budget airline AirAsia has signed a massive $19 billion deal to buy 150 new Airbus A220-300 jets.
The agreement was announced at Airbus...
G7 trade ministers set to meet but not discuss latest US...
Trade ministers from the G7 countries are meeting in Paris this week, with a packed agenda — but one big issue is being kept...
Seoul, Taipei hit records as Asian stocks track Wall St tech...
Markets across Asia started the week on a strong note, led by tech stocks, as investors took confidence from solid earnings and signs of...
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...
French economy records zero growth in first quarter
France’s flat growth in Q1 highlights how quickly external shocks are feeding into Europe’s already fragile economy.
At the center of this is weak domestic...
Volkswagen warns of more cost cuts as profits plunge
The situation at Volkswagen is more serious than a normal earnings dip. A 28% profit drop alongside falling revenue points to deeper structural pressure...
Total Energies refinery working full tilt to keep France fuelled
France’s biggest refinery is running hard as global energy markets feel pressure from the Middle East conflict.
Summary
Total Energies is pushing production to keep diesel...
Chinese EVs geared up to dominate world’s biggest auto show
Beijing is hosting the world’s biggest auto show this Friday, and it is shaping up to be a major showcase of how fast China’s...
Iraqi News
Gas Investment Plans Reviewed for Nahr Bin Umar Field
Iraq is moving ahead with plans to develop associated gas at the Nahr Bin Umar oil field in Basra province. The project was discussed...
CBI Rebuffs Speculation Over Foreign Currency Reserves
The Central Bank of Iraq (CBI) has confirmed that its foreign currency reserves remain strong and are fully capable of meeting the country's demand...
Al-Saadi: There is no decision to raise the exchange rate at present… but financial...
Former MP Baqir Al-Saadi said there is currently no government decision to raise Iraq’s official dollar exchange rate, despite recent concerns caused by fluctuations...
Parliamentary Finance Committee: Contract regularization is not an achievement without guaranteeing employee salaries
Former Parliamentary Finance Committee member Mohammed Ibrahim has criticized the government's approach to preparing the upcoming budget, saying it appears to be repeating the...
Budget preparation: A repetition of past scenarios or a genuine solution to current crises?
Iraq is getting ready to prepare its 2027 budget and send it to Parliament in October for discussion, changes, and approval. But there are...