Author: Steven Sahiounie

Wholesale costs of robusta beans are at their highest in nearly 12 years, according to Bloomberg Coffee lovers around the world could struggle to find a budget-friendly cup of their favorite drink as the cost-of-living crisis and tighter supplies have pushed up prices, Bloomberg has reported. According to the outlet, last week wholesale prices hit their highest level in nearly 12 years. Costs even soared for the robusta blend, which is typically less expensive because it is easier to produce in large quantities. Robusta is often used in instant coffee, espressos, and ground blends sold at supermarkets as a cheaper…

The Nordic country has been striving to keep up with growing energy demand from the EU, according to CNBC The Norwegian government has been urging oil and gas companies to boost exploration in remote Arctic regions as it seeks to strengthen its position as the EU’s largest gas supplier, CNBC reported on Monday. However, the push has elicited discontent from environmentalists, who see the country’s actions as antithetical to the pursuit of green policies. Norway, which is not an EU member state, has become the bloc’s largest supplier of natural gas after Russia reduced exports due to sanctions. As a…

US Treasury Secretary Janet Yellen has doubled down on her warnings about the nation’s debt ceiling, saying the federal government will run out of money to pay its bills as soon as June 1 unless Congress enables it to increase borrowings. “It is highly likely that Treasury will no longer be able to satisfy all of the government’s obligations if Congress has not acted to raise or suspend the debt limit by early June, and potentially as early as June 1,” Yellen said on Monday in a letter to US House Speaker Kevin McCarthy. Yellen has repeatedly warned that Washington is headed for…

Finnish state energy company Gasum announced on Monday that it has terminated a long-term natural gas contract with Russia’s Gazprom Export after the sides were unable to resolve an issue with payments. The move follows Gazprom’s suspension of pipeline-based natural gas deliveries to Gasum in May 2022 over the latter’s refusal to make payment in rubles. In response to EU sanctions last year, Moscow demanded that buyers in countries that supported the restrictions pay for Russian gas supplies in rubles instead of dollars or euro. “The parties were not able to resolve the situation within the period defined by the…

Ethereum price is facing a barrier near the $1,840 resistance against the US Dollar. ETH could attempt another upside break if it clears the $1,825 and $1,840 resistance levels. Ethereum Price Stuck Below $1,840 Ethereum’s price failed another time to clear the $1,840 and $1,850 resistance levels. ETH declined below the $1,800 level to remain in a range, similar to Bitcoin. However, the price remained stable above the $1,785 support. A low is formed near $1,791 and the price is now consolidating losses. It is slowly moving higher above the 23.6% Fib retracement level of the recent decline from the…

Bitcoin, the leading cryptocurrency in the market, has been experiencing a period of consolidation, where its price has been range-bound and showing limited volatility. Traders and investors eagerly anticipate the breakout from this consolidation phase, as it could potentially signal a significant price surge. In this Bitcoin price prediction, we will explore the factors and indicators that can help unlock the timing of the consolidation breakout and provide insights into the potential price movement of Bitcoin. Get ready to delve into the exciting world of Bitcoin price prediction and uncover the key to unlocking its next big move. Bitcoin Price…

US business economists are optimistic that the banking and debt ceiling turmoil won’t turn into full-blown crises; however, a majority of them also believe a recession is still in the cards — although likely starting later than previously thought, according to a new survey released Monday. About 59% of 42 economists surveyed by the National Association for Business Economics earlier this month said they believe it’s more likely than not that the United States will enter a recession in the next 12 months, according to the May NABE Outlook, which provides a consensus macroeconomic forecast from dozens of professional economists. While that share is largely unchanged…

Mergers and acquisitions are Wall Street’s bread and butter. When companies combine, or one company buys another, it creates opportunities for investors and banks to make money by providing advice or finance for the transaction. But M&A activity has dried up over the past year as dealmakers contended with rising interest rates and fear of a recession — investment banking powerhouses Goldman Sachs (GS) and Morgan Stanley (MS) both reported substantial drops in revenue and profit at the end of last year. Things were beginning to look up again earlier this year as dealmaking appeared to be resuming, but market uncertainty around the self-imposed debt limit and the…

Beijing has expressed doubt about US rapprochement amid Washington’s containment campaign Chinese officials have essentially torpedoed US President Joe Biden’s claim that relations between Washington and Beijing will thaw “very shortly,” suggesting that the White House lacks credibility when it calls for new talks while at the same time imposing sanctions designed to impede its rival’s economic progress. “The US says it wants to speak to the Chinese side while seeking to suppress China through all possible means and impose sanctions on Chinese officials, institutions and companies,” Chinese Foreign Ministry spokeswoman Mao Ning said at a press briefing on Monday in Beijing. “Is there any sincerity…

Steven Sahiounie, journalist and political commentator The armed conflict between the Palestinian people of the West Bank and Gaza continues against the Israeli forces who maintain the over 5 million residents under a brutal military occupation, with no human rights, and no freedom in sight. Steven Sahiounie of MidEastDiscourse interviewed Sami, the Bedouin, a Palestinian writer and blogger. He is originally ethnically cleansed from Ashdod, in Occupied Palestine, but living as a refugee in the West Bank Occupied Palestine. As an activist for Palestine, he has been arrested several times and spent some years in the zionist jails for resisting…