Author: Steven Sahiounie

The greenback’s decline has quickened tenfold since the outbreak of the Ukraine conflict, Stephen Jen says The global shift away from the US dollar has increased tenfold since February 2022 compared to the previous 15 years, Stephen Jen, the CEO of Eurizon SLJ Capital Limited, told Die Welt on Thursday. According to the former International Monetary Fund and Morgan Stanley economist, the majority of analysts are missing the trend because they evaluate the nominal value of central banks’ dollar holdings on the basis of data released by the IMF. “However, if we take into account changes in the value of…

The move may set a precedent for other individuals fighting economic restrictions The European Council has revealed the identities of four Russians, one of whom is deceased, who have been removed from its sanctions list. The decision not to renew penalties against the individuals was announced earlier this week, although the EU did not provide their names until Thursday. The EU will not extend restrictions, which expire this week, against Russian businessman Grigory Berezkin, billionaire and former Federation Council member Farkhad Akhmedov, and the former head of Russian e-commerce firm Ozon, Aleksandr Shulgin. Brussels also delisted Russian Army…

The office of Germany’s foreign minister says that it can’t comment on whether the top diplomat discussed with Zelensky reports of Ukraine’s involvement in Nord Stream attack. Foreign Minister Annalena Baerbock’s office declined to comment on whether Germany’s top diplomat discussed with Ukrainian President Volodymyr Zelensky media reports accusing Kiev of playing a role in the sabotage of the Nord Stream pipelines in September 2022. Baerbock made a surprise visit to Kiev earlier this week during which she held private talks with Zelensky, but no further details regarding the meeting were made public. “You know our general rule that we…

The Turkish leader recalled that Ankara intended to ask the UN to complete the proposals for Russia in the grain deal context, specifying the measures to be taken Specific conditions necessary for the resumption of the grain deal will be on the agenda of the planned talks between Turkish President Recep Tayyip Erdogan and UN Secretary-General Antonio Guterres during the High-level Week of the UN General Assembly, a diplomatic source in Ankara told TASS. “The UN Secretary-General said yesterday that he was planning meetings on the grain issue, including talks with Turkish President Recep Tayyip Erdogan. As you remember, our…

The Israeli occupation forces today detained at least 14 Palestinians, most of them from the Bethlehem district in the occupied West Bank, and some from the Gaza Strip, according to the Palestinian Prisoner’s Society and other sources. It said seven people were detained during a raid of Aida refugee camp and another one from Azzeh refugee camp in Bethlehem. Two former prisoners were detained in Beit Ummar, north of the city of Hebron, while another was detained at Qalandia refugee camp, north of Jerusalem. In addition, three people who were not identified were detained when they came close to the…

The Israeli occupation waged a new round of aggression on Syria, the second in one day, while violating both Syria and Lebanon’s sovereignty. The Homs Governorate in central Syria was shelled with Israeli missiles, an Al Mayadeen correspondent reported Wednesday. Our correspondent said Israeli missiles violated Lebanon’s airspace after being launched from planes flying off the coast of Lebanon towards Homs Governorate in central Syria. The Syrian Ministry of Defense said earlier in the day that an Israeli missile strike in the province of Tartus, Syria, led to the deaths of two Syrian soldiers and injuries to six more. “Today at 17:22 [local…

There were no injuries or damage A Ukrainian drone was shot down on Wednesday evening in Russia’s Belgorod Region bordering Ukraine, the Russian Defense Ministry said. “At about 9:30 p.m. Moscow time on September 13, the Kiev regime’s attempted terrorist attack on facilities in Russia’s territory with the use of a plane-type unmanned aerial vehicle was thwarted. The Ukrainian unmanned aerial vehicle was shot down by air defense systems over the Belgorod Region,” it said. According to the region’s governor Vyacheslav Gladkov, the aerial target was shot down over the village of Tulyanka. “According to preliminary information, no one was…

“Voice of Korea” reports that the Russian President “accepted the invitation” North Korean leader Kim Jong Un has invited Russian President Vladimir Putin to visit North Korea, Voice of Korea, a North Korean international broadcasting service, said on Thursday. “After the dinner, dear comrade Kim Jong Un cordially invited President Putin to visit the Democratic People’s Republic of Korea at any convenient time,” it said, adding that Putin “accepted the invitation.” Russian presidential press secretary Dmitry Peskov said earlier that the issues of Putin’s return visit to North Korea was not on the agenda. Russian President Vladimir Putin and North Korean…

Most stock markets in the Gulf dropped in early trade on Tuesday, tracking oil prices lower as weak service sector data revived worries over China’s fragile post-pandemic economy.Crude prices – a key catalyst for the Gulf’s financial markets — fell 0.33 percent with Brent trading at $88.71 a barrel by 0700 GMT. A private sector survey showed on Tuesday that China’s services activity expanded at the slowest pace in eight months in August as weak demand continued to dog the world’s second largest economy.In Abu Dhabi, the benchmark stock index was off 0.8 percent, dragged down by a 2.5 percent…

India’s Reliance Retail is in talks with existing investors including the sovereign wealth funds of Singapore, Abu Dhabi, and SaudiArabia for combined new investments of around $1.5 billion, three sources with direct knowledge of the plan said.Reliance Retail is India’s largest retailer and is led by Asia’s rich-est person Mukesh Ambani. The talks with investors are part of an internal target to raise $3.5 billion which the company wants to close by the end September, Reuters has reported. Of that, QIA last month announced a $1 billion investment and KKR & Co this week $250 million. Singapore’s GIC, the Abu…