Author: Steven Sahiounie

The US national debt exceeded $ 33 trillion for the first time in the country’s history on Monday, according to US Treasury Department data.She said  U.S. Treasury SecretaryJanet Yellen said in media statements on Monday that the US national debt currently stands at about $ 33.04 trillion, although she stressed that her country is on a “sustainable path.” She added that she is satisfied with America’s economic trajectory, despite rising inflation and interest rates. “Reducing the deficit further is certainly possible, as US President Joe Biden has proposed a series of measures that will reduce our deficit over time, while…

Addressing the 78th session of the United Nations General Assembly today, President Mahmoud Abbas called on the international organization to convene an international peace conference to resolve the Palestinian-Israeli conflict, and to provide protection for the Palestinian people in the occupied territories. “In light of the deadlock in the peace process due to Israel’s policies, we come before you to again appeal for the holding of an international peace conference, in which all countries concerned with achieving peace in the Middle East will participate. Therefore, I ask your esteemed organization, and the Secretary-General, Mr. Antonio Guterres, to call for and undertake…

The Eurozone’s industrial powerhouse is dealing with a recession and an energy crisis The struggling German economy could once again be called the ‘Sick Man of Europe’ if structural issues are not addressed immediately, Deutsche Bank CEO Christian Sewing has warned. European countries are often given this label when they experience economic difficulties, social unrest, or impoverishment. Germany received this notorious status in the late 1990s and was described this way into the early 2000s. “We are not the ‘Sick Man of Europe,’” Sewing said in his address at the Handelsblatt Banken Summit 2023 on Wednesday, “but it is also true that…

Shipments surged by 25% from January to August in annual terms, customs data shows Deliveries of Russian crude to China surged by 25% in the first eight months of the year in annual terms, data released by the Chinese General Administration of Customs on Wednesday showed. Oil shipments amounted to 71.2 million tons between January and August as Beijing took advantage of discounts and accelerated its stockpiling of Russian crude, according to the figures. In terms of value, however, oil imports from Russia to China stood at $38.1 billion, marking a 4.1% decline compared to the same period last year.…

The Chinese Foreign Ministry announced on Tuesday that representatives from more than 110 countries have confirmed their participation in the third Belt and Road Forum for International Cooperation, scheduled to be held in Beijing in October. Ministry spokeswoman Mao Ning said China will continue to communicate with its Belt and Road partners on preparations for the forum.She added in Press Conference”The third Belt and Road Forum for International Cooperation is scheduled to be held in Beijing in October this year, and events during the forum include the opening ceremony, 3 high-level forums on communication, green development and digital economy, 6…

Russian President Vladimir Putin held a meeting on the formation of the federal budget for 2024 and planning for 2025 and 2026. At the beginning of his speech, President Putin stressed that “the recovery phase of the Russian economy is over and that Russia has withstood the pressure of sanctions.” “GDP growth at year-end results can reach between 2.5% and 2.8%,” Putin explained. “Russia’s GDP has reached the level of 2021, and it is now important to create conditions for further stable long-term development,” Putin noted. Source: Sputnik

Ignazio Cassis believes that Zelensky’s proposal for a peaceful resolution to the Ukrainian conflict is flawed because it lacks support from Russia Ukrainian President Vladimir Zelensky’s peace plan has no chance of succeeding, Swiss Foreign Minister Ignazio Cassis said, according to the Swiss Telegraphic Agency. Cassis believes that Zelensky’s proposal for a peaceful resolution to the Ukrainian conflict is flawed because it lacks support from Russia. Unilateral peace plans have no chance of success unless they are implemented by force but Western countries don’t want the conflict to turn into a war of an even greater scale, the top diplomat…

The Direct Line gives regular Russian people the chance to talk to the president, as he answers citizens’ questions live on air for several hours The Direct Line with Russian President Vladimir Putin may take place in some format before the end of the year, but its exact date has still not been set, Kremlin Spokesman Dmitry Peskov told reporters. “No, not yet. We expect to have it in some format by the end of the year,” he said when asked about the prospects of holding the traditional Direct Line question-and-answer session. The Direct Line gives regular Russian people the…

According to Ebrahim Raisi, contacts between the two countries, including summit meetings, take place depending on the current situation Iran and Russia have long maintained the military-political cooperation, Iranian President Ebrahim Raisi said at a news conference in New York, commenting on Russian Defense Minister Sergey Shoigu’s visit to Tehran. “Iran and Russia have long maintained cooperation in the military and political spheres, we have been acting within this framework,” Raisi said. As for the specific results of Shoigu’s visit, the Iranian leader said, we should wait for official comments from the military command of Russia and Iran. According to…

The Russian leader pointed to the importance of respecting the rights and ensuring the safety of the Armenian population in Nagorno-Karabakh Russian President Vladimir Putin and his Azerbaijani counterpart Ilham Aliyev have discussed in a telephone conversation the steps that should be taken to stabilize the situation in Nagorno-Karabakh, the Kremlin press service reported after the leaders’ conversation. “They discussed priority steps for further stabilization of the situation [in Nagorno-Karabakh] and overcoming humanitarian problems in the region,” the press service said. Putin pointed to the importance of respecting the rights and ensuring the safety of the Armenian population in Nagorno-Karabakh.…