It will be good. To see. After months of antigovernment protests and Political Uncertainty iraq is now grappling with the worst fiscal crisis in decades. Iraqs economy and state budgets are heavily reliant on oil income and have been hit hard by the sharp decline in Global Oil Prices the world bank has projected g. D. P. To contract by 9. 7 percent of the fiscal deficit expected to reach almost 30 percent of g. D. P. Iraqs newly appointed government led by most of the me is now faced with the challenging task of implementing long overdue Structural Reforms such as reducing Public Sector employment while also keeping popular unrest at bay im so want to get out as iraqs fiscal crisis deepens we ask what needs to be done to address it and how can the new government overcome entrenched political interests that oppose reform while also winning over a public that has lost trust in the political establishment. The World Bank Special representative to iraq talks to aljazeera. Special represent
Month. Regents financial down 18 just catastrophic week this is a week chicos down 43 the kohls. Gap down 28 these stocks have been cut 50 or more in the last couple of weeks. Utilities another sector look at plain old run of the mill electric power companies. Regulated e lelectric power company. Believe it or not, this is a calmer week than it has been in the prior three or four weeks. The volume is about 30 lower than prior weeks the intraday swings are two to three below. The vix is below 50. We were 80 three weeks ago guys, i take no solace in saying were down 2. 4 on the week. In terms of all the craziness we saw two and three weeks ago, this is calmer a month ago i would have thought myself crazy to say that but it is true. Back to you. I think you should try out the vest, bob, thanks. Lets get over to steve who is digging into this devastating payroll plunge as tons of americans are left without work during this pandemic kelly, i got to advise you and tyler to save your adjectiv
Hugerade agreement is a change between the worlds economic superpowers. Shock overhaul. The ruble slips before pairing losses as Vladimir Putin unexpectedly replaces his long serving Prime Minister and a major constitutional shakeup. 5g ambitions. Beats itsin chipmaker Sales Outlook on hopes that five ag 5g rollout. Just about an hour away from the open of cash Equities Trading. Lets look at how futures are looking after mixed trade in asia overnight. We did see some red arrows across asian trade. We see green arrows across european futures. Climbing on record car sales. Positive features in the u. S. You have those december car numbers. Anna lets get to this story because this is something we need to keep an eye on all the way through this morning. European car sales surging in december ahead of new emissions rules. A record for the region. Those are some of the headlines coming through. The details around the story. European car sales surgeon december. That is the headline. In mind t
The pound is leading the way across the u. S. Dollar. Thes up about 0. 7 against dollar. It is time now for the global exchange, where we bring you todays market moving news around the world. Our bloomberg voices are on the ground with todays top stories. Lets start by going over to hong kong, bracing for more this option after christmas protests led to clashes between demonstrators and riot police. Igh joins us on the telephone. Give us a sense of what is in store. It sounds like theres more planned for friday and going into the new year. Karen theres protests planned for this evening in an area of the city that has seen some of the worst protests over the past six months, and again over the weekend in an area near the chinese border. All of this is leading up to a day, rally on new years led by organizers that have led some of the biggest protests since this began. The level of anger we are going to be seeing at the clashes willen protesters escalate, and we are looking for what this
Local media and syria reporting at least 9 people have died in a car bomb in the countrys west of happen in a fleeing in the aleppo countryside they have been several bombings in the region since turkey began its offensive in Northern Syria earlier this month. Now the Iraqi Military says one person has been killed after 2 rockets were fired into baghdads heavily fortified green zone it happened shortly after another incident at a nearby bridge during a weeklong protest what nessus a Security Forces shot at least one protester dead and injured many more norbert unmanly reports. Defying clouds of tear gas and reports of live ammunition these protesters a tearing down concrete barriers their aim to reach the highly secured green zone government offices in embassies. Iraqi Human Rights Commission says many protesters were injured after being hit with tear gas canisters as they face Government Forces in the synoptic bridge in central baghdad. Its the 3rd night since a curfew was imposed by