Asian equities plunge as oil soars 30% on Mideast crisis
Asian Stocks Tumble as Oil Soars on Middle East ConflictAsian markets took a big hit on Monday as oil prices shot up nearly 30%...
Sony faces $2.7 bn class action from UK PlayStation users
Sony Corporation is set to face a £2 billion ($2.7 billion) class-action lawsuit in London starting Tuesday, accused of breaching competition law by overcharging...
China FM urges US to manage differences in face of trade...
Wang Yi, China’s top diplomat, urged the United States on Sunday to resolve its differences with China, as tensions continue over trade tariffs and...
Google gives CEO new pay deal worth up to $692 million
Sundar Pichai could earn up to $692 million over the next three years under a new compensation plan disclosed Friday by the U.S. Securities...
Brazil’s Petrobras sees profit soar on record output
Petrobras said its profits nearly tripled last year, hitting $19.6 billion, up from $7.5 billion in 2024, thanks to record oil and gas production....
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...
Exceptional Customs Measures Introduced to Ease Port Congestion
Iraq’s General Customs Authority has introduced temporary exceptional measures to speed up the flow of goods and reduce congestion at ports, following directives from...
AI not hitting European jobs for now: ECB
European Central Bank (ECB) economists report that, so far, artificial intelligence has had only a limited effect on employment across Europe. Analyzing data from...
Chinese consumers scout lower prices, secondhand goods as spending sputters
In Shanghai, shoppers are increasingly turning to secondhand goods as stagnating wages, youth unemployment, and a prolonged property crisis reshape consumer behavior. Items that...
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...
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...
Markets on edge as Middle East escalation threatens wider financial shock
Global markets are on edge as tensions in the Middle East escalate, moving from a distant worry to a major threat for investors. What...
Iraqi News
Iraq forms committee to boost passport ranking
Iraq’s Foreign Ministry has set up a new high-level committee with one clear goal: improve the strength of the Iraqi passport.Right now, the passport...
Oil: We will resume exports from all fields within the next few days.
Iraq’s Ministry of Oil says it is preparing to restart oil exports from all fields within the next few days.In a new statement, the...
The dollar declined in the Baghdad and Erbil markets.
The US dollar dropped again against the Iraqi dinar on Saturday as markets opened for the first trading session of the week.In Baghdad, rates...
Banking Arrangements Expanded to Meet Currency Demand
Rasheed Bank is getting ready for the upcoming Hajj season by making it easier for pilgrims to buy US dollars.The bank has told its...
Calls to ban the sale of energy drinks to minors in Basra
Calls to restrict energy drinks—especially for minors—are not new, but the tone here suggests growing urgency as health concerns become harder to ignore.Wijdan al-Maliki’s...