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Iraq Bulletin

Tag : MENA Newswire

Business

U.S. labor market shows signs of strain as jobless claims increase

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The number of Americans filing for unemployment benefits rose to 242,000 for the week ending February 22, marking a three-month high, according to the U.S. Department of Labor. The increase of 22,000 from the previous week surpassed analysts' expectations of...
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NVIDIA announces AI-powered growth as fiscal 2025 revenue surges 114%

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NVIDIA (NASDAQ: NVDA) has announced record-breaking financial results for the fourth quarter and fiscal year 2025, driven by surging demand for AI and accelerated computing technologies. The company reported quarterly revenue of $39.3 billion, marking a 12% increase from Q3...
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Potential US pullback from IMF could impact credit ratings

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Concerns over the United States' commitment to global financial institutions are intensifying following U.S. Treasury Secretary Scott Bessent’s absence at recent G20 meetings. His no-show has fueled speculation about a potential U.S. retreat from the International Monetary Fund (IMF) and...
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India’s consumer growth contradicts Blume Ventures economic concerns

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A recent report by Blume Ventures claiming that nearly a billion Indians lack discretionary spending power and that the country’s middle class is shrinking has been met with strong counterpoints from economic experts and government data. The report paints a...
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2024 YR4 asteroid ruled out as an Earth threat, Moon impact unlikely

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The potential threat of asteroid 2024 YR4 impacting Earth has been significantly reduced, according to updated calculations from space agencies. Initially considered a risk with an estimated 20% chance of impact, new trajectory analyses have now dismissed any immediate danger....
Business

Apple Watch sales skyrocket in India as premium demand rises

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Apple defied India's declining smartwatch market in 2024, posting a remarkable 141% increase in Apple Watch shipments. While the country's overall smartwatch segment shrank by 30% year-on-year due to fading demand for budget models, Apple’s strong growth highlighted a shift...
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Researchers discover bat coronavirus in China, CDC sees no threat

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Scientists in China have identified a new bat coronavirus, HKU5-CoV-2, with genetic similarities to SARS-CoV-2, the virus responsible for the COVID-19 pandemic. However, the U.S. Centers for Disease Control and Prevention (CDC) has assured the public that there is no...
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World Bank sees India as a key driver of global economic growth

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The World Bank has reaffirmed its confidence in India's economic potential, emphasizing that the country remains a key investment destination despite minor fluctuations in its growth trajectory. Speaking at the Advantage Assam 2.0 Business Summit, World Bank Country Director Auguste...
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WHO investigates fatal outbreak in DRC with 50 deaths reported

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An unidentified illness has claimed the lives of more than 50 people in the Democratic Republic of the Congo (DRC) within hours of symptom onset, prompting urgent investigations by local health authorities and the World Health Organization (WHO). The outbreak,...
News

Mars once had an ocean with beaches, study reveals

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An international team of researchers analyzing data from China’s Zhurong Mars rover has uncovered evidence suggesting that the red planet once featured sandy beaches, waves, and oceanic activity. The findings, published in the Proceedings of the U.S. National Academy of Sciences, offer new insights into Mars’...