Author: Steven Sahiounie

The Russia-led free-trade bloc is striving for the stable economic development of its member states, the president said The role of the Russia-led Eurasian Economic Union (EEU) in the global arena and the integration of its member states are growing despite external pressure, Russian President Vladimir Putin said on Wednesday. He was speaking at the plenary session of the second Eurasian Economic Forum (EEF) in Moscow. The event, which was attended by officials and businesses from Armenia, Belarus, Kazakhstan and Kyrgyzstan, will run through May 26. “The numbers speak for themselves. Despite the large-scale crisis in the global economy and…

The US default would be disastrous, according to eminent economist Nouriel Roubini The US government’s failure to agree on lifting the debt ceiling is likely to hit markets and damage confidence in the dollar over the longer term, renowned economist and New York University professor Nouriel Roubini has warned. “They may get to the last hour before there’s an agreement,” Roubini told Bloomberg TV on Wednesday, on the sidelines of the Qatar Economic Forum in Doha. “Or it’s possible they don’t reach an agreement. If that doesn’t happen, then the market is going to crash,” he said. According to Roubini, who predicted the…

The majority of payments between the two countries are made in national currencies, the Russian prime minister says Nearly three-quarters of transactions between Moscow and Beijing are currently made in rubles or yuan, Russian Prime Minister Mikhail Mishustin revealed during talks with Chinese Premier Li Qiang in Beijing on Wednesday. Moscow has repeatedly stated that it considers both the dollar and euro unreliable, as their use in the country’s cross-border transactions has been jeopardized by Western sanctions over the conflict in Ukraine. “70% of cross-border settlements between Russia and China are already conducted in national currencies – rubles and yuan,”…

Steven Sahiounie, journalist and political commentator The Chief of the Lebanese Central Bank, Riad Salameh, is expected to appear today before State Prosecutor Ghassan Oueidat at the Lebanese Ministry of Justice, after an Interpol ‘red notice’ was issued on May 19. If Salameh appears today, it is expected that his Lebanese and French passports will be confiscated to prevent his flight from accusations of bank fraud, embezzlement of more than $330 million, and money laundering. Oueidat seeks to hear Salameh in his defense of the charges. On May 23, Germany informed the Lebanese Ministry of Justice they also had issued…

Syria’s Foreign Ministry says Paris must accept that nations are rejecting sanctions and demanding respect. Syria stresses that France’s colonial ambitions are no longer applicable in the multipolar world, calling on Paris to adjust its delusional policies in accordance with the new emerging reality. “We have recently followed the hysteria, isolated and detached from reality stances of French diplomacy, which has lost its senses after the historic decisions taken by the Arab summit of the Kingdom of Saudi Arabia towards Syria,” the Foreign Ministry of the Syrian Arab Republic said on Wednesday. “France, along with its terrorist tools, has failed…

The European Union condemns the Israeli authorities’ permission to build 600 housing units in illegal settlements in the occupied West Bank, calling for revoking the decision. The European Union has condemned “Israel” over an order allowing illegal Israeli settlers to establish a permanent presence in the illegal “Homesh” settlement, north of the occupied West Bank. The European Union said today it was gravely concerned by the decision of the Israeli occupation authorities to allow Israeli settlers to return to the evacuated illegal “Homesh” settlement outpost in the north of the occupied West Bank. The Union further stressed that it was appalled by…

The attack comes shortly after a delegation from the European Union visited the village of Burqa, northwest of Nablus. Al Mayadeen correspondent reported, today, Wednesday, that a group of illegal Israeli settlers attacked the people of the village of Burqa, northwest of Nablus, and burned down olive trees. Two Palestinian youths were injured by shrapnel from live bullets, and dozens of others suffocated from poisonous gas.  The Palestinian official in charge of the settlement file in the northern occupied West Bank, Ghassan Daghlas, told WAFA that settlers attacked citizens’ homes on the western side of the village of Burqa, burned a sheep’s barn…

The price of Shiba Inu (SHIB) has dropped by 2% in the past 24 hours, slipping to $0.00000865 as the cryptocurrency market as a whole falls by 1.5%. SHIB’s dip today means it has lost 1% in a week and 16% in the last 30 days, with the meme token up by 6.5% since the beginning of the year. Given that the likes of Bitcoin (BTC) and Ethereum (ETH) have gained by 61% and 51% since the start of 2023, SHIB could easily be accused of underperforming in recent months, with the coin having been on a steady decline since…

The Bitcoin price has fallen by 2% today, dropping to $26,757 in the past 24 hours and undermining expectations that the cryptocurrency’s recent consolidation had set it up for a breakout. BTC’s current price means it has barely budged in the past week, although the coin has gained by 2% since reaching a low of $26,270 on May 12. It has also risen by 61% since the beginning of the 2023, with this medium-term increase putting BTC on a path towards further recovery in the coming months. Indeed, with some voices suggesting that the global economy will do better this…

The price of Bitcoin (BTC) generally moves in the opposite direction of what traders anticipate, crypto sentiment analysis firm Santiment has found. Writing on Twitter earlier this week, Santiment said that the fact that Bitcoin’s price moves contrary to what “the crowd” expects is something that has been seen many times, and most recently this past weekend. Last Sunday, Bitcoin briefly bounced to nearly $27,300, as traders expressed “disbelief” in social media, Santiment wrote. Today, however, that situation has turned, and optimism has returned to the market. This appears to be “resulting in a top,” Santiment pointed out in the tweet. At…