Author: Steven Sahiounie

The politician resigned in 2015 when he was 89 iorgio Napolitano, who served as Italy’s President from 2006 to 2015, has died at the age of 98, the ANSA news agency reported on Friday. He has stayed at a Rome clinic in the recent months but his health has deteriorated recently. In 2013, Napolitano was Italy’s first president too be reelected for the second term. He resigned in 2015 when he was 89. Source: TASS

Long-standing friendship relations have linked Syria and China over decades, based on a long legacy of common principles related to consecrating truth, justice, and balance in international relations, supporting just causes and pursuing security, stability, and development. Trade exchange between the two countries began hundreds of years ago, as the ancient Silk Road reached Damascus and Palmyra, while the two countries established diplomatic relations that were officially announced on August 1, 1956. The first Chinese ambassador arrived in Damascus in October 1957, while the Syrian embassy in Beijing was opened in November of the same year. Syria is one of…

According to Abdel Hafiz Nofal, during this visit the Palestinian side plans to address bilateral relations, the situation inside Palestine and beyond, and the revival of the Quartet on the Middle East Palestinian Foreign Minister Riyad al-Maliki plans to pay a working visit to Moscow in the near future, so the parties are discussing dates, Palestinian Ambassador to Moscow Abdel Hafiz Nofal told TASS. “The visit will take place indeed. We have agreed with the Russian Foreign Ministry that he should come to Moscow at the end of this month, but this will be further discussed after [Russian Foreign Minister…

The Syrian Arab Republic and the People’s Republic of China adopt a joint declaration announcing the establishment of strategic partnership relations between both countries. The statement was announced following the summit meeting between Presidents Bashar Al-Assad and Xi Jinping in the Chinese city of Hangzhou. According to the statement, the two sides will continue to exchange strong support on issues relating to the core interests and major concerns of each country. “The Syrian side firmly adheres to the One-China principle and recognizes that the Government of the People’s Republic of China is the only legitimate government representing all of China,…

According to the ministry’s baseline scenario, production in 2023 will decrease by 1.3% to 527 million tons against 534 million tons in 2022 MOSCOW, September 22. /TASS/. Oil and gas condensate production in Russia in 2024 may decrease by 0.76% compared to the expected level of this year and amount to 523 million tons, the Economic Development Ministry said in its forecast of socio-economic development of Russia for 2024 and for the planning period of 2025 and 2026. According to the ministry’s baseline scenario, production in 2023 will decrease by 1.3%, to 527 million tons against 534 million tons in…

The document notes that already this year Russia has moved to sustainable economic growth MOSCOW, September 22. /TASS/. The Russian government expects that the country’s economy in 2024-2026 will grow at a fairly high rate, about 2.2-2.3% per annum. This is according to the data contained in the files related to the draft federal budget. “When preparing the draft of the new three-year budget, the government proceeded from the forecast of maintaining relatively high growth rates of the Russian economy (2.3-2.2% in 2024-2026),” the document says. It notes that already this year Russia has moved to sustainable economic growth -…

Global olive oil prices have surged to unprecedented levels due to severe droughts in major olive-producing countries, resulting in supply constraints and an increase in oil theft. Olive oil prices have reached new record highs due to severe droughts affecting major olive-producing countries, which are leading to supply constraints and a rise in oil theft. According to a recent report from the United States Department of Agriculture (USDA), global olive oil prices reached $8,900 per ton in September due to “extremely dry weather” in the Mediterranean region. In August, the average price had already risen by 130% compared to the…

Iran is aiming to achieve an annual trade volume of $20 billion with Iraq. Farzad Piltan, who heads the West Asia Department at the Iranian Trade Promotion Organization (ITPO), announced on Tuesday that Tehran and Baghdad are in the process of developing various initiatives, which include the formation of a joint bank and a transportation firm, along with efforts towards establishing a free trade zone. “The establishment of joint organizations, including joint banks … a free trade zone and … a transport company is on the agenda. We hope these steps will facilitate the development of trade,” Piltan was quoted…

Consumer inflation has decreased from a year-over-year peak of 9.1% in June 2022 to 3.7%, but it remains well above the Federal Reserve’s 2% target. The Federal Reserve announced on Wednesday its decision to maintain interest rates at the current levels for September. However, it expressed intentions to implement an interest rate increase before the year’s end with the aim of reducing inflation from its current rate of over 3% to its desired target of 2% annually. “The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run,” the US central bank…

Economic experts in the US are divided in their assessments of the potential implications of the United States’ record-high national debt. The United States witnessed on Monday its gross national debt surpassing the milestone of $33 trillion for the first time in its history, serving as a clear indicator of the nation’s shaky financial situation. Sputnik talked to expert economists about their opinions regarding the record $33 trillion national debt and the approaches to address this situation. Dimitri Papadimitriou, who serves as the president of the Levy Economics Institute at Bard College, expressed optimism about the United States’ outlook when asked whether the…