Author: Steven Sahiounie

Wall Street’s main indexes advanced on Wednesday, aided by a dovish turn by Japan’s top policymaker after a surprise interest rate hike last week which partly sparked heavy volatility in global markets.

Tunisian President Kais Saied has sacked Prime Minister Ahmed Hachani and replaced him with the social affairs minister. The statement from the president’s office late on Wednesday did not specify why Hachani was removed. Hachani had taken office on August 1 last year, replacing Najla Bouden, who was also dismissed without an official reason by Saied, Al Jazeera reported. A few hours before he was dismissed, Hachani said in a video message that the government had made progress on a number of issues despite global challenges, including securing the country’s food and energy needs. His replacement, Kamel Madouri, had only…

An earthquake with a magnitude of 6.9 shook southwestern Japan near Kyushu Island, the Japan Meteorological Agency (JMA) reported, saying that a tsunami alert was issued. The quake’s epicenter was located 30 km under the ocean bed near Miyazaki Prefecture. According to the JMA, waves as high as 1 m may occur near Miyazaki and Kochi prefectures. So far, there have been no reports about injuries or damage. Source: TASS

Warner Bros. Discovery’s share price plunged more than 10 percent after-hours on Wednesday after it reported a quarterly loss of almost $10 billion.

Half of all vehicles sold in China in July were either new pure electric vehicles or plug-in hybrids, industry data showed, a milestone that underscores how far the world’s biggest auto market has leapt ahead of Western counterparts in EV adoption.

British Airways will suspend flights from London to Beijing starting October 26, the latest airline to pull services to China amid continued Russian airspace closure and weaker demand.

The commander of the Islamic Revolution Guards Corps hailed the selection of Yahya Sinwar as the new leader of the political bureau of Hamas, reaffirming Iran’s unwavering support for the Palestinian resistance movement. In a message released on Wednesday, Major General Hossein Salami congratulated Yahya Ibrahim Hassan Sinwar on taking the helm at the political bureau of Hamas. The general stated that selection of Sinwar after the martyrdom of his predecessor, Ismail Haniyeh, has drastically concerned the “criminal Zionist enemy and its shameless sponsors”. The appointment of a new head for the political bureau of Hamas indicated that when a…

Japan’s Nikkei 225 plunged more than 12% on Monday in what was the biggest single-day drop since ‘Black Monday’ in 1987.

Russian gas supplies to the EU via the TurkStream pipeline soared by over 40% in the first seven months of this year compared to the same period in 2023

Minister of Foreign Affairs Badr Abdelatty stressed on Wednesday the need to end the Gaza war in separate phone calls with EU High Representative for Foreign Affairs and Security Policy Josep Borrell and his UAE counterpart Sheikh Abdullah bin Zayed Al Nahyan. The calls focussed on the latest developments in the Gaza Strip and Egypt’s ongoing diplomatic efforts to de-escalate the conflict. Egypt’s top diplomat reiterated the need to stop the ongoing war in Gaza during his call with Borrell, describing it as the main reason for the widening conflict in the Middle East. He also urged influential countries to intervene and…