Radio Baghdad

Listen To Live Radio
Now Playing
Aug, 18 2018
Popular Articles
iraqi-economic-development-strategies

Iraqi Economic Development Strategies


Part IAs Iraq moves through its next developmental phase...34571
the-chaldean-renaissance

THE CHALDEAN RENAISSANCE


Basic Outline of a Vision By Bishop Mar Sarhad Y. Jammo  I-...9702
iraqi-dentist-suhair-al-qaisi-the-most-beloved-media-face-in-the-arabic-speaking-world-screen

Iraqi Dentist Suhair al-Qaisi, The Most Beloved Media Face in the Arabic Speaking World Screen!


Introduction: Suhair al-Qaisi was born in 1985 in Baghdad, Iraq...9316
the-iraqi-british-architect-zaha-hadid

The Iraqi-British Architect Zaha Hadid


“I am the product of an amazing Iraqi environment and an...9097
rxte-black-holes-pulsars-oh-my

RXTE - Black Holes & Pulsars - Oh My!


Black holes and pulsars are two of the most mysterious (and...7970
who-killed-soad-hosny

Who Killed Soad Hosny?


The family of the late Egyptian actress, the Cinderella of Arab...7460
review-of-amer-hanna-fatuhi-the-untold-story-of-native-iraqis

Review of Amer Hanna-Fatuhi: THE UNTOLD STORY OF NATIVE IRAQIS


Review of Amer Hanna-Fatuhi:THE UNTOLD STORY OF NATIVE IRAQIS:...6933
healthy-food

Healthy Food


Like any other product, healthy foods need to be marketed...6479
greek-company-wins-26-8m-hospital-deal

Greek Company Wins $26.8M Hospital Deal


Greek company TERNA has reportedly been awarded a $26.8m...6454
why-worry-about-your-vitamin-d-level

Why Worry about Your Vitamin D Level?


For decades, vitamin D has been known to help our bones absorb...6380
a-new-rare-guest-at-baghdad-zoo

A New Rare Guest At Baghdad Zoo


Baghdad’s municipality has announced the birth of what it says...6024
iraqi-parliament-denies-a-local-detroit-winner-christian-of-the-iraqi-national-flag-contest

Iraqi Parliament Denies a Local Detroit Winner (Christian) of the Iraqi National Flag Contest!


The Iraqi Government is working on adopting a new National Flag...5815
train-to-basra

Train to Basra


An Amazing Journey in Iraqi-Middle Eastern Traditional MusicUR -...5367
iraqi-economic-development-strategies-part-ii

Iraqi Economic Development Strategies, Part II


DIVERSIFICATIONIraq is currently a rentier state. By...5319
oil-exports-decline-to-cause-deficit-in-2014-budget-says-sa-ad

Oil exports decline to cause deficit in 2014 budget, says Sa’ad


Baghdad (IraqiNews.com) Member of the parliament Oil &...4886
muhammad-ali-funeral-thousands-line-route-for-farewell

Muhammad Ali funeral: Thousands line route for farewell


Thousands have attended a farewell procession for boxing legend...4799
unesco-iraq-best-practices-in-education-reform

Unesco & Iraq - Best Practices In Education Reform


UNESCO Office for Iraq In the framework of the Iraqi Public...4704
1 1 1 1 1 1 1 1 1 1 Rating 5.00 (1 Vote)

Just 24 hours after deciding to quit the European Union, the U.K. is already starting to absorb the financial ramifications of its shock decision.



By Phillip Tutt

Late Friday night, after the U.K. suffered a bruising day on the world's market's, U.S. ratings agency Moody's announced that it had lowered its outlook on the country's credit rating from stable to negative. If a negative outlook turns into a ratings cut, it could put upward pressure on the country's long-term borrowing costs.

In a statement, Moody's warned that the U.K. vote to leave the EU "will herald a prolonged period of uncertainty for the UK, with negative implications for the country's medium-term growth outlook."

The agency also warned that the expected protracted renegotiation of the U.K.'s trade and economic relations with Europe and the rest of the world would lead to " heightened uncertainty, diminished confidence and lower spending and investment to result in weaker growth."

"Over the longer term, should the UK not be able to secure a favorable alternative trade arrangement with the EU and other countries, the UK's growth prospects would be materially weaker than currently expected."

The result of Thursday's referendum, which took many polling companies and markets by surprise, meant for a torrid day on the world's financial markets, wiping some $2.1 trillion off stocks globally.

The leave camp secured 51.9 percent of the vote in the U.K. with 17.4 million votes, throwing markets around the world into turmoil and prompting sterling to hit its lowest level against the dollar since 1985.
David Cameron announced his resignation as Prime Minister of the United Kingdom Friday after the shock victory for the campaign to leave the EU, clearing the path for a pro-Brexit party leader to negotiate the U.K.'s exit.

In the U.K., while the FTSE100's global companies ended the day 3.2 percent lower and 2 percent up on the week, the index of smaller British firms, the FTSE 250, closed 7.2 percent lower on the day.

The market turmoil reflected concerns over the U.K's place in the global financial community, and its future access to European markets.

Head of the Eurogroup of euro zone finance ministers, Jeroen Dijsselbloem, warned late Friday that the City of London's financial institutions' access to the Europe's internal market will be hit by the decision to quit the EU.

Speaking on RTL television, Dijsselbloem said that reduced access was the "price" of leaving the 28-country bloc and Amsterdam and Frankfurt could benefit.

"A few years ago, London took out adverts in the Asian edition of the Financial Times saying it was the place to come if you wanted to do business in the EU," he said, Reuters reported. "Now they can't place that advert, and the Asians will go to Amsterdam or Frankfurt instead."

>CNBC

Add comment



Anti-spam: complete the task
Sun, Rain, & Loving Heartbeats The Art of Annie Salatyan
When it comes to life, Iraq is the first and the final frontier for all humanity. This is a fact no maters how many [...]
  A New Achievement by the Historian & Visual Artist Amer Hanna Fatuhi   The Eastern Aramaic Font | The [...]
The Art of AMER HANNA FATUHI Artist, Poet, & Professional Writer - Short Bio
Amer Fatuhi - Interview June 2017 by Annie Salatyan
DoD Linguists' recruitment With Amer Fatuhi
اعتراف - Confession by Amer Fatuhi
شكرا - Thank You by Amer Fatuhi
دال - Dal by Amer Fatuhi
موهومه - Delusional by Amer Fatuhi
On President Donald Trump's order, two Navy destroyers in the eastern Mediterranean Sea fired salvos of Tomahawk [...]
The Yale University Art Gallery is celebrating the 175th anniversary of the field of Arabic studies at Yale [...]
دندنه - Dandana by Amer Fatuhi
UPDATE: On Tuesday night, Santana walked back his comments against Beyoncé in a Facebook post: "I would like to [...]
Iraq, in an area once home to some of the earliest civilisations, became a battleground for competing forces after the [...]
More Articles
life-wins-amer-hanna-fatuhi

Life Wins - Amer Hanna Fatuhi


When it comes to life, Iraq is the first and the final...2229
a-new-achievement-by-the-historian-visual-artist-amer-hanna-fatuhi

A New Achievement by the Historian & Visual Artist Amer Hanna Fatuhi


  A New Achievement by the Historian & Visual Artist Amer...1103
carlos-santana-pokes-beyhive-says-beyonce-not-a-singer

Carlos Santana Pokes Beyhive, Says Beyoncé ‘Not a Singer’


UPDATE: On Tuesday night, Santana walked back his comments...1203
russia-s-putin-calls-leaked-trump-memos-utter-nonsense

Russia's Putin calls leaked Trump memos 'utter nonsense'


Russian President Vladimir Putin has described allegations his...1105
us-election-2016-results-meet-president-trump-s-possible-cabinet

US election 2016 results: Meet President Trump's possible cabinet


It's Washington DC's favourite new parlour game - guessing who...1628
us-election-trump-presidency-dangerous-says-un-rights-chief

US election: Trump presidency 'dangerous', says UN rights chief


Donald Trump's "deeply unsettling and disturbing" views make...1214
hurricane-matthew-strongest-storm-since-2004-nears-florida

Hurricane Matthew: Strongest storm since 2004 nears Florida


Hurricane Matthew has strengthened as it nears a "direct hit"...1240
new-jersey-train-crash-many-injured-at-hoboken-station

New Jersey train crash: Many injured at Hoboken station


A commuter train has crashed into a rail station in the city...1429
remembering-september-11th

Remembering September 11th


We Will Never Forget … We Will Never Forgive Please Tell...1277
trump-pledges-big-us-military-expansion

Trump pledges big US military expansion


Donald Trump has said he will expand all areas of the US...1314
happy-labor-day

HAPPY LABOR DAY


  THE WAR BETWEEN GOOD & EVIL IS NOT OVER YET! Do not...1325
islam-karimov-turkey-announces-uzbek-leader-s-death

Islam Karimov: Turkey announces Uzbek leader's death


Uzbek President Islam Karimov, one of Asia's most...1458
rio-olympics-2016-did-brazil-pass-or-fail-its-big-test

Rio Olympics 2016: Did Brazil pass or fail its big test?


Billed beforehand as the "Carnival Games" full of happy fans,...1664
oil-price-gushers-as-opec-brings-bulls-back-into-market

Oil price gushers as OPEC brings bulls back into market


Oil prices surged dramatically in the last two weeks thanks to...1373
trump-to-lay-out-plan-for-combating-radical-islamic-terrorism

Trump to lay out plan for combating radical Islamic terrorism


Donald Trump on Monday will lay out his strategy for defeating...1386
putin-offers-turkey-s-erdogan-closer-ties

Putin offers Turkey's Erdogan closer ties


Russia is ready to restore economic co-operation and other...2196
trump-is-chagrined-and-realizes-his-campaign-is-in-trouble-steve-forbes-says

Trump is ‘chagrined' and realizes his campaign is in trouble, Steve Forbes says


Donald Trump has an opportunity to get his campaign back on...2642
yusra-mardini-refugee-swimmer-off-to-flying-start-after-pope-francis-sends-letter

Yusra Mardini: Refugee swimmer off to flying start after Pope Francis sends letter


(CNN) Ahead of competing at the Olympic Games in Rio de...1832
here-s-what-the-real-unemployment-rate-looks-like

Here's what the real unemployment rate looks like


The U.S. unemployment rate remained at 4.9 percent in July,...1688
emirates-plane-crash-lands-at-dubai-airport

Emirates plane crash-lands at Dubai airport


An Emirates plane has crash-landed at Dubai International...1423
a-clinton-bounce-a-trumpian-weekend-how-the-race-looks-now

A Clinton bounce, a Trumpian weekend: How the race looks now


Donald Trump just suffered through a brutal weekend. by Ben...1717
the-moment-american-muslims-have-been-waiting-for-khizr-khan

The moment American Muslims have been waiting for, Khizr Khan


Donald Trump, the GOP presidential nominee, has proposed...1884
obama-endorses-clinton-as-political-heir

Obama endorses Clinton as political heir


US President Barack Obama has delivered a stirring speech at...1512
ansbach-explosion-bomber-pledged-allegiance-to-is

Ansbach explosion: Bomber pledged allegiance to IS


A video showing the Syrian man who blew himself up in Ansbach,...1394