Shafaq News reports on Iraq’s overwhelming reliance on oil and the looming financial risks this dependency entails. In 2024, Iraq’s oil exports were estimated at roughly $72 billion. However, government expenditures consistently outstrip this income. Thus, Iraq finds itself at a crossroads. evolving the economy To secure a sustainable future, Iraq must pivot away from […]
The Pound Sterling is notably holding its ground near the 1.3000 mark against the US Dollar. This comes as the Dollar Index (DXY) finds it challenging to remain at a five-month low of 103.20. On Tuesday, in the realm of European trading hours, the resilient Pound can be observed. In contrast, investors turn their attention […]
China’s economic journey at the year’s start has certainly been a bit of a mixed bag, one might say. The statistics released on a crisp Monday morning painted an intricate picture of the economic landscape, full of ups and downs, and left us pondering the state of China’s ambition to revive consumer interest. The National […]
When I first commenced my investment journey with balanced mutual funds in 1983, the Dow Jones Industrial Average was a mere 1,190. A nostalgic reflection on the old days, really. Currently, the market stands vastly different. Even with a recent tumble of more than a thousand points last Monday, the DJI perched at 41,911. It […]
TEMPO.CO, Jakarta – When pondering the mightiest nations on the globe, certain economic juggernauts often spring to mind. From superpowers like the United States and China to burgeoning economies with enormous potential, a nation’s economic prowess is assessed through various criteria such as GDP, trade volume, industrial capacity, and technological sway. But man cannot live […]
A Whirlwind of Economic and Political Strategies An Unexpected Shift in Policy Approach In Donald Trump’s first term, many critiqued his focus on stock market success as a reflection of economic health, often conflating Wall Street with Main Street. However, Trump’s second term has taken a different trajectory. Amidst growing recession fears, Wall Street has […]
In recent times, the Russian rouble has broadly strengthened. On Thursday, it hovered near its highest mark against the dollar in over six months. Much of the market stands in anticipation, as Kyiv voiced support for Washington’s proposal for a 30-day ceasefire in the ongoing [Ukraine war](https://www.bbc.co.uk/news/world-europe-60506682). In response, the Kremlin made clear intentions to […]
Last Updated: March 12, 2025, 09:36 IST Trump’s tariffs, including reciprocal tariffs worldwide and a more intense trade war with Mexico, Canada, and China, are a pivotal factor for rekindling fears of a recession. Trading day woes have recently gripped Wall Street, suffering one of its grim days since 2022. The culprit behind this is […]
Ah, dear reader, we find ourselves delving into matters of great import concerning the very numbers that underpin our economy. The charming photos accompanying this article capture both the splendour and drama of economic discourse. The ever-watchful commercial and political circles place quite a premium on said numbers, mind you. You see, every month, our […]
(Bloomberg) — US equity futures took a tumble whilst Treasuries saw a modest rise. Worries about America’s economic health seem to have made investors somewhat wary. In the past week, the S&P 500 experienced its worst performance since September, dropping 0.8%. Meanwhile, the Stoxx 600 in Europe briefly gained 0.5% only to lose it swiftly. […]
