The Biden administration has made it clear to Iraq’s new prime minister that it will not work with ministers and senior officials who are affiliated with Shiite militias the U.S. has designated as terrorist organizations, two sources briefed on the issue told me. Why it matters: Mohammed Shia al-Sudani became the …

Turkey’s skies remain open to Russian airlines and its doors remain open to hundreds of thousands of Russians and their money. Turkey’s exports to Russia are surging. Russian cash helped to plug the growing hole in Turkey’s foreign currency reserves — and at a time when Erdogan needs foreign money …

The executives running the bankrupt crypto exchange, FTX, may have broken speed records for how fast they could spend other people’s money. They just weren’t any good at managing it on behalf of their investors or safeguarding it for their crypto exchange customers.