latest world business news

Signs of the attacks are still visible today in collapsed buildings and bullet holes in walls in Fallujah, a Iraqi city exploded against US invasion  in Iraq firstly. Two major offensives Fallujah, home to about a half a million people 60km west of Baghdad, was home to some of the first anti-US protests in the aftermath of the 2003 invasion, in May of that year. When the protests began, residents were content to throw only their shoes at US soldiers, an Arab gesture that signifies anger and disrespect.  But in March 2004, four US employees of a US private security firm, Blackwater, since renamed Xe and later Academi, were killed in the city, leading to two major offensives by US troops against Fallujah. Widespread fighting in Fallujah against the occupation begun in 2003, after a controversial event known as the "pupil's" uprising.  The US military had turned a primary school into their city headquarters in April 2003. When 200 demonstrators ga...

US President Barack Obama has declared that American troops will leave Iraq this month "with honour and with their heads held high", while at the same time warning the country's neighbours not to interfere in its progress. In a press conference with Nouri al-Maliki, Iraq's prime minister, at the White House on Monday, Obama said: "This is a historic moment. A war is ending." The president also said that the US would leave behind a sovereign and self-reliant Iraq, and that the removal of troops after nearly nine years would begin a new chapter in the relationship between the two countries - warning neighbouring nations not to interfere. "Our strong presence in the Middle East endures," Obama said. "And the United States will never waver in the defence of our allies, our partners and our interests."  "That is the concern, that at the end of the day the Iraqi officials have much closer ties to the Iranians." Obama ...

President Barack Obama on Friday (October 21, 2011) announced that virtually all U.S. troops will come home from Iraq by the end of the year -- at which point he can declare an end to America's long and costly war in that Middle Eastern nation. "After nearly nine years, America's war in Iraq will be over," Obama said. "The coming months will be a season of homecomings. Our troops in Iraq will definitely be home for the holidays."  Of the 39,000 troops in Iraq, about 150, a negligible force, will remain to assist in arms sales, a U.S. official told CNN. The rest will be out of Iraq by December 31.  The president said he was making good on his 2008 campaign pledge to end a war that has divided the nation since it began in 2003 and claimed more than 4,400 American lives.The announcement also came after talks that might have allowed a continued major military presence broke down amid disputes about whether U.S. troops would be immune to prosecution by...

A high tribunal of Iraq on Tuesday passed a death sentence on Tareq Aziz, once the international face of dictator Saddam Hussein's regime, over the persecution of Islamic parties, the court said. The death sentence was the first to be handed down to Aziz, who was well known in foreign capitals and at the United Nations before Saddam's downfall. He rose to prominence at the time of Iraq's invasion of Kuwait and the 1991 Gulf War, when he was foreign minister. "The court today issued the death sentence on Tareq Aziz and four others for committing crimes against humanity. The charge of elimination of religious parties was classified as crimes against humanity," Judge Mohammed Abdul-Sahib, a spokesman of the Iraqi High Tribunal, told the media. "The nature of the crimes is willful killing, torture and the enforced disappearance of persons." Last year, Aziz was sentenced to 15 years in prison for his part in the killings of dozens of merchants in 1992 and...

The United States likely will need to keep thousands of troops in Iraq beyond 2011 to keep a lid on sectarian tensions and to bolster Baghdad's fledgling military, experts and former officers say. American officials privately acknowledge that the US military presence in Iraq will almost certainly be extended, even though a security agreement in force requires all US forces to depart by the end of 2011. The US military will be needed not only for technical tasks to keep the Iraqi armed forces afloat, but as a reassuring presence for Iraqis fearing a revival of sectarian and ethnic bloodshed, analysts said. Baghdad's military remains heavily dependent on US logistical support, air power, equipment and expertise, while most Baghdad politicians are anxious to retain American troops as a peacekeeping force in reserve. "The more pressing requirement is less teaching them how to use weapons and more providing reassurance to threatened internal communities that they won't ...