Eight Iraqi Banks Prohibited From Conducting Transactions in US Currency
Baghdad, Iraq — After a top U.S. Treasury official visited, Iraq has prohibited eight domestic commercial banks from conducting transactions in U.S. dollars. This decision was made in an effort to decrease instances of fraud, money laundering, and other illegal…
The International Monetary Fund forecasts a slowdown in China’s economy for the next four years.
washington — The International Monetary Fund predicts that China’s economy will continue to shrink in the next four years due to various obstacles, such as an aging population, increased unemployment, and a housing crisis, faced by the world’s second largest…
In January, American employers unexpectedly added a strong 353,000 jobs.
WASHINGTON — In January, the country’s employers made a remarkable increase in employment, adding 353,000 jobs. This demonstrates the economy’s resilience in the face of the highest interest rates seen in 20 years. According to the government’s report on Friday,…
Article: Worldwide Automobile Manufacturers’ Supply Chains at Risk for Utilizing Forced Labor in Xinjiang
Taipei, Taiwan — According to a recent study, certain international car companies are implementing less stringent human rights and ethical sourcing practices in their partnerships in China as a result of pressure from the Chinese government. The lax standards increase…
A businessperson from Kenya creates snacks using traditional grains.
Entrepreneur in Kenya utilizes traditional African grains, such as millet and sorghum, to create snacks and breakfast cereals in an effort to promote the consumption of these nutritious grains and promote environmental sustainability. This is in response to their lack…
The International Monetary Fund reports that Red Sea container shipping has decreased by 30% due to attacks.
Dubai, United Arab Emirates — According to the International Monetary Fund, container shipping in the Red Sea has decreased by approximately 33% due to ongoing assaults by Yemen’s Houthi insurgents. This information was reported on Wednesday. Jihad Azour, director of…
The European Union is gradually shifting towards utilizing the profits generated from frozen Russian assets to provide assistance to Ukraine.
Brussels — The nations of the European Union have agreed to a plan that would set aside the earnings from Russian central bank assets, worth billions of dollars, that have been frozen in response to Russia’s involvement in the war…
Despite the concessions offered by the government, French farmers will continue to protest.
PARIS — On Saturday, French farmers declared their intention to persist with their protests, keeping road blockades in place on several important routes throughout the country. This comes after the government’s recent announcement of various actions, which the farmers argue…
Why Biden is not being given credit for the strong economy in America.
According to most economists, the U.S. economy concluded 2023 on a favorable trajectory. There has been an increase in growth, strong job figures, and a three-year low in inflation. According to Selcuk Eren, a senior economist at The Conference Board,…
A large ship designed for transporting liquids has reported a launch of a weapon in the Red Sea area near the country of Yemen.
UNITED NATIONS — On Friday, a commercial ship sailing near Yemen in the Red Sea reported that two missiles detonated in the water near its location. However, there were no injuries or damage reported. The UK Maritime Trade Operations (UKMTO)…