Oil extends gains on escalation in Middle East tensionsOil extends gains on escalation in Middle East tensions

2024-04-11T05:30:54+00:00

Shafaq News/ Oil prices extended gains on Thursday, after rising a dollar a barrel in the prior session, as investors braced for a worsening of the Middle East crisis, potentially involving Iran, the third-largest oil producer in OPEC.

Brent crude futures advanced by 30 cents, or 0.3%, to

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EU approves major overhaul of migration rulesEU approves major overhaul of migration rules

2024-04-10T21:09:46+00:00

Shafaq News/ After years of negotiations, the European Parliament has approved a major reform tightening the EU's migration and asylum rules.

The EU Asylum and Migration Pact has been in the works since 2015. It will come into force in two years' time.

It is designed to speed up the asylum

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U.N. climate chief says two years to save the planetU.N. climate chief says two years to save the planet

2024-04-10T21:05:45+00:00

Shafaq News/ Governments, business leaders and development banks have two years to take action to avert far worse climate change, the U.N.'s climate chief said on Wednesday, in a speech that warned global warming is slipping down politicians' agendas.

Scientists say halving

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Oil settles higher after Israeli strike killed three of Hamas leader's sonsOil settles higher after Israeli strike killed three of Hamas leader's sons

2024-04-10T20:11:39+00:00

Shafaq News/ Oil prices settled up $1 on Wednesday after three sons of a Hamas leader were killed in an Israeli airstrike in the Gaza Strip, feeding worries that ceasefire talks might stall.

Brent crude futures settled up $1.06, or 1.2%, to $90.48 per barrel while U.S. West Texas

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Iraqis celebrate Eid al-Fitr with family gatherings and visits to mosquesIraqis celebrate Eid al-Fitr with family gatherings and visits to mosques

2024-04-10T20:45:24+00:00

Shafaq News/ Iraqi families took advantage of the official Eid al-Fitr holiday, which began on Tuesday, to visit with loved ones and attend Eid prayers.

The streets of the capital were packed with cars as people made their way to different parts of Baghdad. Many families also chose to eat

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WTO eyes global trade rebound but warns of risksWTO eyes global trade rebound but warns of risks

2024-04-10T19:55:24+00:00

Shafaq News/The World Trade Organization (WTO) on Wednesday said that global trade should rebound this year from an unexpected slump in 2023, but warned that regional conflicts, geopolitical tensions and economic policy uncertainty risked darkening the picture.

In its annual trade

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