The bank’s chief analyst expects the benchmark S&P 500 to slump sharply US stocks have soared to unsustainable highs and could crash 26% within months, Morgan Stanley’s top strategist has warned. In an analyst note the bank’s chief US equity strategist, Mike Wilson, said that the current level of stock …
Read More »Monthly Archives: February 2023
Iraqi Defense Minister discusses bilateral ties in Iran
The Iraqi Minister of Defense, Thabet Al-Abbasi, headed a high-level delegation visiting Iran to discuss the bilateral relations between the two countries. Al-Abbasi arrived in Iran on Saturday after he received an invitation from his Iranian counterpart, according to the Iraqi News Agency (INA). The Iraqi Ministry of Defense mentioned …
Read More »Another train derails after Ohio chemical spill
There is no danger to the public arising from hazardous materials, the railway operator says A train derailed in Lexington, North Carolina, USA on Saturday, Norfolk Southern Railway has confirmed. The incident comes just weeks after another cargo train operated by the same railway company came off the tracks in …
Read More »Arab parliamentary summit in Baghdad to support Iraq
The 34th session of the Arab Inter-Parliamentary Union started on Saturday in Baghdad, under the title ‘Arab support to enhance Iraq’s stability and sovereignty.’ “Welcome to Baghdad,” the Speaker of the Iraqi Parliament, Muhammad al-Halbousi, told participants in the Arab Inter-Parliamentary Union conference via Twitter. The Media Center of the …
Read More »Biden national security adviser: No ‘definitive answer’ on COVID origins despite lab leak report
White House National Security Adviser Jake Sullivan said Sunday that there is still no “definitive answer” from the intelligence community to how COVID-19 originated, despite reporting that the Department of Energy has concluded the pandemic most likely came from a laboratory leak rather than emerging naturally. The Wall Street Journal …
Read More »Australian Professor Among Three Hostages Released in Papua New Guinea
An Australian archaeologist and two Papua New Guinea researchers held for a week by 20 armed men in a remote part of the Pacific Island nation were released on Sunday, while their captors remain at large, a local official told Reuters. Professor Bryce Barker and doctoral student Teppsy Beni from …
Read More »Rashid pledges to put Iraq’s water crisis in focus at New York Water Conference
Iraq’s President Abdullatif Jamal Rashid highlighted the urgent need for executive and legislative measures to safeguard water security and emphasized the significance of embracing modern irrigation methods. The Presidency of the Republic released a statement confirming that the President chaired an extensive meeting on the water crisis in Iraq on …
Read More »Russia, China block condemnation of Ukraine War at G20 summit
Air raid alerts continued nationwide in Ukraine Saturday, as Russia and China blocked a statement from the G20 condemning the war, amid new saber-rattling from a Putin ally. Finance leaders and central bank chiefs from the world’s largest economies meeting in India strongly condemned Moscow for the invasion a year …
Read More »Thousands in Italy protest West’s weapons supplies to Ukraine as war enters 2nd year
Thousands of Italians have demonstrated across the country in Rome, Florence and Genoa against Western sanctions imposed on Russia and transfer of lethal military hardware to Ukraine, a day after the first anniversary of the Ukraine-Russia war. The protesters chanted “No to war” and “Peace”, demanding an end to the …
Read More »Al-Sudani reaffirms commitment to regional stability
Iraq’s Prime Minister Mohammed Shia’ Al-Sudani, on Sunday, stressed Iraq’s keenness to maintain fruitful communication and confront economic challenges. This came during al-Sudani reception of the President of the Arab Parliament, Adel bin Abdulrahman Al-Asoumi, who attended the 34th conference of the Arab Inter-Parliamentary Union in Baghdad. A statement by …
Read More »Children and women among 43 dead as migrant boat hits rocks near Italy
At least 43 people, including an infant, children and several women, died after a wooden boat carrying around 100 migrants broke apart on rocks off the coast of Calabria, Italian police say. The first three bodies washed up on the beach near Staccato di Cutro in Southern Italy around 4:40 …
Read More »Some Nigerians vote late after glitches as election count underway
Nigerians were still voting in a few parts of the country after glitches prevented them from doing so on Saturday, but results of the national election would start to be announced from 6 p.m. (1700 GMT) the electoral commission said. Counting was already underway in the West African oil exporting …
Read More »Two settlers killed in occupied West Bank, Israeli officials say
A Palestinian gunman killed two Jewish settlers in their car in the occupied West Bank on Sunday, Israeli officials said. There was no immediate claim of responsibility for the incident, which came as Israeli and Palestinian security officials met in Jordan to discuss ways of lowering tensions. Medics said the …
Read More »Putin: US-led NATO indirect accomplice to crimes committed by Ukraine
President Vladimir Putin has said the US-led NATO was an indirect accomplice to the crimes committed by Ukraine, as the west keeps supplying the ex-soviet country with lethal armaments. In an interview for “Moscow. Kremlin. Putin” program on Rossiya-1 TV channel aired on Sunday, Putin said that Moscow should take …
Read More »Iraq’s Wadi-al-Salam cemetery echoes 14 centuries of life and death
Tombstones stretch as far as the eye can see across Iraq’s Wadi-al-Salam cemetery, often described as the world’s biggest, which bears silent witness to life and death over 14 centuries. Flowers, photographs and religious banners honour many of the millions buried in the ochre desert sands of the “Valley of …
Read More »Biden says he won’t visit Ohio town hit by toxic spill
US lawmakers are investigating the federal response to the environmental disaster, claiming officials waited too long to act President Joe Biden has said he has no plans to visit East Palestine, Ohio – where a recent train derailment resulted in a massive toxic chemical spill – insisting there was no …
Read More »Death toll in Turkey and Syria earthquake surpasses 50,000
The death toll from the earthquakes in Turkey and Syria that struck on Feb. 6 surpassed 50,000 on Friday after Turkey declared more than 44,000 people died, Reuters reported. The Disaster and Emergency Management Authority (AFAD) said the death toll in Turkey due to earthquakes rose to 44,218 on Friday …
Read More »Nigerians vote in tight race to choose successor to President Buhari
Nigerians have voted to choose a successor to President Muhammadu Buhari amid hopes the next leader will steer Africa’s most populous nation and biggest economy on a new course after years of worsening violence and hardship. Polling stations were scheduled to open at 8:30 a.m. (0730 GMT) Saturday, but there …
Read More »India arrests defense official for sharing sensitive info with alleged Pakistan spy
A senior Indian defense official working in a missile testing range was arrested on Friday for supposedly sharing classified information with a Pakistani spy. The Indian Defense Research and Development Organization (DRDO) official shared sensitive defense information for “sexual as well as monetary gratification,” Odisha police were quoted as saying …
Read More »Israel approves biggest settlement expansion plan since 2021
Israeli authorities have approved plans for the construction of thousands of new settler units in the occupied West Bank and al-Quds, defying international outcry over illegal settlement expansion and land grab activities in the occupied Palestinian territories. The Palestinian Information Center reported that the so-called Israeli Supreme Planning and Building …
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