Bank of England Governor Andrew Bailey smiles during the central bank's Monetary Policy Report press conference at the Bank of England, in London, on November 7, 2024. (Photo by HENRY NICHOLLS / POOL / AFP) (Photo by HENRY NICHOLLS/POOL/AFP via Getty Images)

Iraqi military vessels parade during the ceremony of the beginning of the handover of the Grand Faw Port's five berths from the implementing Korean company, in the southern Basra Province, on November 7, 2024, as the project approaches full completion. The Grand Faw Port will be one of the largest ports in the Middle East with the longest breakwater in the world at 14,523 meters long. It is linked to the Development Road Project, a memorandum of understanding for joint cooperation signed between Turkey, Iraq, Qatar and the United Arab Emirates. (Photo by AHMAD AL-RUBAYE / AFP) (Photo by AHMAD AL-RUBAYE/AFP via Getty Images)

Incoming Finance Minister Joerg Kukies arrives at the presidential Bellevue Palace in Berlin to receive his letter of appoinment from the German President on November 7, 2024. The day before, the German Chancellor sacked Finance minister Christian Lindner, from the pro-business Free Democrats FDP, leading to the breakdown of his three-party coalition government. (Photo by Odd ANDERSEN / AFP) (Photo by ODD ANDERSEN/AFP via Getty Images)

German Finance Minister Christian Lindner arrives at the presidential Bellevue Palace to be handed his dismissal order by the German President in Berlin on November 7, 2024. The day before, the German Chancellor sacked Finance minister Christian Lindner, from the pro-business Free Democrats FDP, leading to the breakdown of his three-party coalition government. (Photo by Odd ANDERSEN / AFP) (Photo by ODD ANDERSEN/AFP via Getty Images)

Bank of England Governor Andrew Bailey attends the central bank's Monetary Policy Report press conference at the Bank of England, in London, on November 7, 2024. (Photo by HENRY NICHOLLS / POOL / AFP) (Photo by HENRY NICHOLLS/POOL/AFP via Getty Images)

Incoming Finance Minister Joerg Kukies arrives at the presidential Bellevue Palace in Berlin to receive his letter of appoinment from the German President on November 7, 2024. The day before, the German Chancellor sacked Finance minister Christian Lindner, from the pro-business Free Democrats FDP, leading to the breakdown of his three-party coalition government. (Photo by Odd ANDERSEN / AFP) (Photo by ODD ANDERSEN/AFP via Getty Images)

Iraqi military vessels parade during the ceremony of the beginning of the handover of the Grand Faw Port's five berths from the implementing Korean company, in the southern Basra Province, on November 7, 2024, as the project approaches full completion. The Grand Faw Port will be one of the largest ports in the Middle East with the longest breakwater in the world at 14,523 meters long. It is linked to the Development Road Project, a memorandum of understanding for joint cooperation signed between Turkey, Iraq, Qatar and the United Arab Emirates. (Photo by AHMAD AL-RUBAYE / AFP) (Photo by AHMAD AL-RUBAYE/AFP via Getty Images)

Iraq's Prime Minister Mohammed Shia al-Sudani (5-L) poses for a picture with a group of engineers, during the ceremony of the beginning of the handover of the Grand Faw Port's five berths from the implementing Korean company, in the southern Basra Province, on November 7, 2024, as the project approaches full completion. The Grand Faw Port will be one of the largest ports in the Middle East with the longest breakwater in the world at 14,523 meters long. It is linked to the Development Road Project, a memorandum of understanding for joint cooperation signed between Turkey, Iraq, Qatar and the United Arab Emirates. (Photo by AHMAD AL-RUBAYE / AFP) (Photo by AHMAD AL-RUBAYE/AFP via Getty Images)