Author: Steven Sahiounie

Turnover between January and July soared past $134 billion, data has revealed Trade between Russia and China has continued to accelerate after hitting historic highs in 2022, with exports and imports surging at double-digit pace since the beginning of this year, data released on Tuesday by the Chinese General Administration of Customs showed. According to the agency, bilateral trade surged by 36.5% in January-July compared with a year ago, reaching $134.1 billion. During the reporting period, Chinese exports to Russia jumped 73.4% compared to last year, hitting $62.5 billion. The Asian economic giant’s imports from Russia increased 15.1% to $72…

Mexico will instead work on strengthening ties with Washington, its president has said Mexico will not be joining the BRICS bloc of countries, President Andres Manuel Lopez Obrador said during his daily morning news conference on Tuesday. The head of state noted that he plans to focus instead on enhancing his country’s economic relationship with the US and other neighbors. “We are not going to participate in this bloc, in this association. Of course, we celebrate that other countries do. However, for reasons of proximity, geopolitics, we will continue strengthening the alliance with North America and the whole of the…

The Bolivian Energy Minister says meetings were organized to draft agreements between Petrobras and Bolivia over the matter. Bolivian Energy Minister Franklin Molina confirmed that Brazilian state energy company Petrobras plans to buy natural gas from Bolivia. On Tuesday, Brazil hosted the Amazon summit. Eight member countries of the Amazon Cooperation Treaty Organization (ACTO) adopted a declaration on cooperation in the Amazon Basin aimed at sustainable development of the region at the summit. “We met with… the head of Petrobras. We discussed many topics related to promoting the company’s investment in the Bolivian economy,” Molina said in an interview with Bolivia TV at…

Dozens of fanatic Israeli settlers Wednesday morning broke into the compounds of al-Aqsa Mosque under heavy protection from the Israeli police. The extremist settlers, divded into groups, raided the holy Islamic Mosque from al-Maghariba gate and took provocative tours in its compounds. It added that the settlers performed Talmudic rituals in the eastern part of the Mosque. This comes at a time as Israeli forces intensify measures against Palestinians coming from Jerusalem to enter the Mosque, inspecting their IDs and briefly detaining them. Source: WAFA

The Turkish President considers that a “solution can be found” to restore the humanitarian food agreement. Turkish President Recep Tayyip Erdogan said on Tuesday that reviving the grain deal depends on Western countries fulfilling their commitments announced as per the agreement with Russia. At the start of the war in Ukraine, in February 2022, Kiev’s Black Sea ports got blocked by warships. But a deal brokered by Turkey and the United Nations in July 2022 — and signed by Kiev and Moscow — has allowed for the safe passage of exports of critical grain supplies. The deal resulted in stabilizing…

The attempted terrorist attack did not cause any casualties or damage Russia’s Defense Ministry has reported a failed attempt by Kiev to attack facilities in the Moscow Region by unmanned aerial vehicles (UAV), adding that two drones were shot down by air defense systems. “An attempt by the Kiev regime to carry out a terrorist attack by unmanned aerial vehicles over the territory of the Moscow Region was thwarted during the night. Two drones were shot down by air defense systems,” the report said. The attempted terrorist attack did not cause any casualties or damage, the ministry added. Earlier, Moscow…

The Russian defense minister added that Poland has become the main tool of America’s anti-Russian policy Poland is planning to form a joint Polish-Ukrainian military unit ostensibly for security, but with the ulterior motive of occupying western Ukraine, Russian Defense Minister Army General Sergey Shoigu said. He drew attention to the dangers associated with Poland’s militarization. “there are plans to create a permanent so-called Polish-Ukrainian formation ostensibly to ensure the security of Western Ukraine, but in fact – for the subsequent occupation of this territory,” he said. Shoigu added that Poland has become the main tool of America’s anti-Russian policy.…

NEVs give edge; trade body sees 2023 figure at 5m units; H1 data put Japan at No 2 China surpassed Japan as the world’s largest vehicle exporter in the first half of this year — and analysts attributed the achievement to the growing popularity of new energy vehicles made in the country. Auto manufacturers in China shipped 2.34 million vehicles overseas from January to June, up almost 77 percent year-on-year, said the China Association of Automobile Manufacturers citing data from the General Administration of Customs. Japan lagged at 2.02 million units in the same period, up 17 percent year-on-year, data…

Hundreds of Amazon sellers have complained that the online marketplace is withholding their money. Amazon said it emailed sellers about a ‘delivery date based reserve’ which holds some money in case of refunds. But some sellers have written to their MPs saying they cannot get the cash needed to run their businesses. Vinyl and CD seller Mario told the BBC Amazon is holding £5,000 leaving him “shaken and panicked” and fearing he can no longer continue trading. He has been selling music on Amazon for seven years, but said he can no longer afford to renew his stock, or pay…

The UK is set for five years of “lost economic growth”, with the poorest hit hardest, a think tank has warned. The National Institute for Economic and Social Research (Niesr) said a triple blow of Brexit, Covid and the Ukraine war had badly affected the UK economy. It added that the spending power of workers in many parts of the UK will remain below pre-pandemic levels until the end of 2024. The BBC has contacted the Treasury for comment. The amount of money made by the UK economy, its gross domestic product – or all the goods and services produced…