Iraq
U.S. special envoy for Iraq Mark Savaya no longer in the post, sources say
Tom Barrack, U.S. Ambassador to Turkey, waits to enter the General Assembly Hall to attend Trump’s address to the 80th United Nations General Assembly, at the U.N. headquarters in New York City on Sept. 23, 2025. Jeenah Moon | Reuters Mark Savaya, named by U.S. President Donald Trump as special envoy for Iraq in October, […]
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The U.S. freezes new immigrant visas for 75 countries: See the full list
The U.S. State Department announced Wednesday it will pausissuing immigrant visas to citizens of 75 countries over concerns that they may rely on public assistance in the future. In a post on X, the U.S. government said immigrants from the list of countries “take welfare from the American people at unacceptable rates.” The list, which […]
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IIF’s Tim Adams on rejecting Enron, building Afghanistan’s central bank and a looming debt crisis
The CEO of the Institute of International Finance reflects on pivotal career choices, ranging from turning down Enron to joining George W. Bush’s presidential campaign. Today, Tim Adams is a leading voice warning of a global debt crisis. Tim Adams, CEO of the Institute of international Finance, is one of the most influential voices sounding the alarm on a global debt […]
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Iraq signs deal with Exxon to help develop large oilfield
A worker checks the valve of an oil pipe at Nahr Bin Umar oil field, north of Basra, Iraq. Essam Al-Sudani | Reuters Exxon Mobil signed an agreement with Iraq on Wednesday to help it develop its giant Majnoon oilfield and expand oil exports, government officials and sources said, marking the U.S. major’s return to the […]
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Power cuts and blackouts: Why can’t Iraq keep the lights on?
Iraq was plunged into a nationwide blackout earlier this week, as a temperature surge to 122 degrees Fahrenheit (50° Celcius) — and subsequent spiking demand for electricity — pushed the country’s faltering power grid to the breaking point. For a country that has seen as much conflict and instability as Iraq, this could come as […]
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OPEC+ members agree larger-than-expected oil production hike in August
The OPEC logo is displayed on a mobile phone screen in front of a computer screen displaying OPEC icons in Ankara, Turkey, on June 25, 2024. Anadolu | Anadolu | Getty Images Eight oil-producing nations of the OPEC+ alliance on Saturday agreed to lift their collective crude production by 548,00 barrels per day, as they […]
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Gen Z is grappling with global chaos—here’s how they’re coping with ‘inheriting broken systems’
As the first digital-native generation, Gen Z is exposed to global instability in a way that no other generation has been. Skynesher | E+ | Getty Images As the first digital native generation, Gen Z is grappling with exposure to global instability in a way that no other generation has. “We were raised with war […]
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OPEC+ members could hike July oil production by 411,000 barrels per day: Sources
Oil prices eased on Tuesday as market participants weighed the possibility of an OPEC+ decision to further increase its crude oil output at a meeting later this week. Anadolu | Anadolu | Getty Images Eight oil-producing nations of the OPEC+ alliance could hike output by as much as 411,000 barrels per day in July, two […]
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OPEC+ agrees another accelerated oil output hike for June, sources say
FILE PHOTO: People walk past an installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) during the COP29 United Nations climate change conference in Baku, Azerbaijan November 19, 2024. Maxim Shemetov | Reuters Eight OPEC+ countries meeting on Saturday have agreed to a further accelerated oil output hike […]
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Why OPEC+ is accelerating oil production as prices are tanking and tariffs hammer markets
The Phillips 66 Company’s Los Angeles Refinery in California. Bing Guan | Reuters The oil price outlook is being hit with more bearish forecasts on the back of U.S. President Donald Trump’s sweeping and market-hammering tariff announcements. Businesses and investors worry that a trade war and lower global growth lies ahead. Goldman Sachs on Thursday […]
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