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  • What needs to happen next in Iraq Friday, 19 Dec 2014 | 5:27 PM ET
    Peshmerga fighters departed from the Zommar district arrive in the Sinun town of Sinjar district of Mosul, to fight against Islamic State of Iraq and Levant, in Iraq on December 19, 2014.

    The next thing that needs to happen in Iraq is liberating Mosul, says David Phillips. Here's now local leaders envsion it.

  • *Tunisia held up as symbol of democratic change. It is a symbol, he says, of the kind of statesman Tunisia now needs. But the race between Essebsi and incumbent President Moncef Marzouki, the human rights activist named president after the first free election of 2011, is also dominated by questions over the return of those close to Ben Ali, who fled to Saudi Arabia.

  • UNITED NATIONS, Dec 18- Iran has not demonstrated sufficient flexibility in nuclear talks with six world powers aimed at ending a 12- year standoff with the Islamic Republic over its atomic ambitions, France and Britain said on Thursday. The remarks, at the United Nations, came just after the completion of another inconclusive round of negotiations in Geneva...

  • UNITED NATIONS, Dec 18- Iran has not demonstrated sufficient flexibility in nuclear talks with six world powers aimed at ending a 12- year standoff with the Islamic Republic over its atomic ambitions, France and Britain said on Thursday. The remarks at the United Nations came just after the completion of another inconclusive round of negotiations in Geneva...

  • ZURICH, Dec 18- Denise Anderegg is happy enough about the Swiss National Bank's decision to charge banks for deposits. Foreign banks that accept overseas deposits seeking a safe haven in Switzerland are likely to be hit hardest, according to bankers and economists. Credit Suisse, UBS and cooperative bank Raiffeissen have said they will not be affected by...

  • But the global context together with new reforms due to kick in next year are leading some to bet that France can achieve its 1 percent growth target for next year- modest by many standards but more than twice the 2014 growth estimate of 0.4 percent. "The chances of the government getting the 1 percent growth it based its budget on have risen quite substantially,"...

  • Abu Dhabi's Etihad gets A380, complete with suite Thursday, 18 Dec 2014 | 12:17 PM ET

    ABU DHABI, United Arab Emirates— Abu Dhabi's national carrier, Etihad, showcased on Thursday the arrival of its first Airbus A380, outfitted with "the only three-room suite in the sky." The A380 is the first of a fleet of 10 on order from Etihad Airways, which is to take delivery of four more of the double-decker jets next year. The airline also showcased Thursday its...

  • Aer Lingus rejects bid by British Airways parent Thursday, 18 Dec 2014 | 11:24 AM ET

    DUBLIN— Irish airline Aer Lingus has rejected a takeover bid by the International Consolidated Airlines Group, the parent company of British Airways and Spain's Iberia. Those gains were sharply pared after IAG issued a statement confirming its proposal had been rejected by the Aer Lingus board, but the stock still finished Dublin trading up 9 percent at a...

  • Saudi says oil decisions not linked to politics Thursday, 18 Dec 2014 | 10:08 AM ET

    RIYADH, Saudi Arabia— Saudi Arabia's oil chief said in comments published Thursday that there are no links between the kingdom's decision to oppose production cuts and political objectives— an apparent response to accusations last week from Shiite powerhouse Iran. Petroleum Minister Ali Naimi was quoted by the official Saudi Press Agency as saying that...

  • DUBAI, Dec 18- Saudi Arabia's powerful oil minister said on Thursday that OPEC could not cut output without the support of other big producers and attempts to get them on board had not worked. Ali al-Naimi said it was impossible for OPEC to cut alone to reverse the oil price slump-- which he called temporary-- when others were pumping more, saying that could lead to...

  • MIDEAST STOCKS-Gulf markets surge on stronger oil Thursday, 18 Dec 2014 | 8:25 AM ET

    *Saudi Arabia's finance minister says state to keep spending. *UAE companies buy back cheap shares. DUBAI, Dec 18- Stock markets in Saudi Arabia and the United Arab Emirates soared on Thursday after the price of oil rebounded and the Riyadh government eased investors' fears by saying it would continue spending heavily on economic development.

  • Botched cyberattack on Syria group blamed on IS Thursday, 18 Dec 2014 | 8:10 AM ET

    Internet watchdog Citizen Lab says an attempt to hack into systems operated by dissidents within the self-styled caliphate could be the work of hackers affiliated with the Islamic State group. Citizen Lab analyst John Scott-Railton said there is circumstantial evidence of the group's involvement, and cautioned that if the group has moved into...

  • Gulf stocks gain with Dubai closing 13 percent up Thursday, 18 Dec 2014 | 7:52 AM ET

    DUBAI, United Arab Emirates— Gulf equity markets made massive gains Thursday with Dubai's main stock market rising 13 percent, just two days after closing at its lowest point of the year. Arabtec, Dubai's largest construction company, and Emaar, the developer behind the world's tallest tower in the United Arab Emirates, gained 15 percent Thursday on the Dubai...

  • LONDON, Dec 18- Emerging shares rose for a second straight day on Thursday while most currencies strengthened, lifted by the Federal Reserve's show of confidence in the U.S. economy, though Russia's rouble eased after two days of gains. Bourses in oil exporters Saudi Arabia and the United Arab Emirates bounced back strongly after dramatic falls earlier in the...

  • Swiss central bank imposes negative interest rates Thursday, 18 Dec 2014 | 4:59 AM ET

    BERN, Switzerland— Following the fallout of the slide in the Russian ruble, Switzerland sought Thursday to prevent the Swiss franc from breaching upper limits imposed on the currency by introducing negative interest rates on commercial bank deposits. The move forces commercial banks to pay to deposit their francs with the Swiss National Bank— usually they...

  • The United States' commercial ties with Cuba were broken 54 years ago after Fidel Castro took over. Now U.S.- Cuba trade is poised to resume: President Barack Obama on Wednesday announced plans to re-establish diplomat relations with Havana, and economic ties are expected to follow. Gary Hufbauer and Barbara Kotschwar of the Peterson Institute for...

  • Commodities tomorrow: Gas price $2.51  Wednesday, 17 Dec 2014 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude actually ended slightly higher on the day. There was a little bit of buying going into the Fed meeting, traders said.

  • US and Iran could become, well, BFFs...really Wednesday, 17 Dec 2014 | 2:52 PM ET
    Robotic arms weld car bodies at the automated Khodro auto plant in Tehran, Iran, Dec. 9, 2013.

    Some observers say a less acrimonious future between the United States and Iran makes economic sense.

  • MILAN, Dec 17- Italy's top administrative court has given Emirates permission to continue operating direct flights between Milan Malpensa airport and New York, rejecting a request by rival airlines to stop the flights. An Italian court had initially backed their case and barred Emirates from flying on the New York- Milan route. Emirates is a direct competitor...

  • Dec 17- U.S. stocks are expected to climb in 2015 as concerns about the prospect of a Federal Reserve interest-rate hike are being offset by hopes for strong consumer spending as oil prices fall, according to a Reuters poll. That would represent a near 12 percent rise for 2015 from a Dec. 16 close of 1,972.74. "The market's ability to withstand higher rates is the big...