Author: Steven Sahiounie

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…

Peter Szijjarto demanded that the OTP bank to be removed from the list of international war sponsors Budapest opposes a number of key provisions in the 11th package of sanctions on Russia developed by the European Commission and will not support giving any additional military assistance from the European Peace Facility until its OTP Bank is taken off of Ukraine’s list of international war sponsors, Hungarian Foreign Minister Peter Szijjarto said on Monday. He recalled that EU countries want to increase military assistance to Ukraine from the European Peace Facility to the tune of 500 million euro. “We demand the…

However, the US president still insisted he would arm Taiwan and “respond” to any attempts by Beijing to retake the island US President Joe Biden has told reporters that there will soon be a “thaw” in relations between Washignton and Beijing. With US sanctions still in place and the G7 leaders accusing China of posing a military and economic threat, Beijing questioned Biden’s “sincerity.” Speaking at a press conference on Sunday after the G7 leaders’ summit in Hiroshima, Japan, Biden said that diplomatic communication between the US and China ceased after the shootdown of an alleged Chinese surveillance balloon in American airspace in…

The endorsement comes ahead of Sunday’s runoff The third-place finisher in the Turkish presidential election, Sinan Ogan, has officially endorsed incumbent President Recep Tayyip Erdogan over challenger Kemal Kilicdaroglu for the runoff vote, scheduled for May 28. The endorsement was announced on Monday, after a surprise meeting between Ogan and Erdogan in Istanbul last Friday. No public statements were made after the meeting at the time. “On May 28, 2023, I am stating that we will support the candidate of the People’s Alliance, Recep Tayyip Erdogan, in the second round,” Ogan said in a statement, referring to the electoral alliance between…