Author: Steven Sahiounie

China’s chip stocks rallied on Monday morning following Beijing’s announcement to bar some purchases of products from U.S. memory chipmaker Micron. China’s Cyberspace Administration barred operators of “critical information infrastructure” in China from buying products from the U.S. chip giant following a security review conducted by the Cyberspace Administration of China. Chinese authorities said Micron products have failed its network security review, and cited “serious potential network security issues.” The firm poses a “major security risk” to China’s critical information infrastructure supply chain and affects its national security,” a statement said. Shares of Chinese chipmakers largely rose on Monday following the move: Hong…

Analysts are bullish on Chinese big tech firms even though recovery looks uneven across companies and their latest earnings. While search engine giant Baidu beat revenue and profit estimates for the first quarter of 2023 and Tencent bounced back to growth after consecutive negative and flat quarters, Alibabamissed first-quarter revenue expectations and its Hong Kong-listed shares slid almost 5% on Friday. “Baidu, Alibaba, Tencent reported — most of the earnings were a beat,” Ronald Keung, head of Asia Internet Research at Goldman Sachs, told CNBC’s “Street Signs Asia” Friday. Alibaba missed analysts’ revenue estimates, but revenue rose 2% year on…

By: Ahmed Abdu-Almalik Al-ansi. | Yemeni journalist and translator. Progress for Yemen’s peace talks is obstructed by US, however Yemeni parties are about to end the war, and the UN special envoy, Hans Grundberg, has asserted that all parties go on with an agreement on humanitarian and economic. The Interspet journal in America expressed the negative efforts of United States’ to undermine Yemen’s peace discussions, leading the country back into conflict. According to the written report by Ryan Grem, the United States obstructs peace talks in Yemen, and the U.S. is aggressively promoting for restarting the conflict. Grim reported that…

Kiev is seeking to divert attention from the fall of Artyomovsk, Kremlin Press Secretary Dmitry Peskov has said A Ukrainian saboteur group has intruded into Russia’s Belgorod Region, with Moscow’s military and law enforcement agencies scrambling to repel the attack, Kremlin Press Secretary Dmitry Peskov confirmed on Monday. The news about the raid was first broken by Vyacheslav Gladkov, the region’s governor, who wrote on his Telegram channel that a Ukrainian commando unit had crossed into Grayvoron district, west of Belgorod city. He would not provide any detail on how many Ukrainians were taking part in the raid. He added…

Nikol Pashinyan’s declaration comes after a round of talks brokered by Moscow Armenia is prepared to recognize Nagorno-Karabakh as part of neighboring Azerbaijan if the authorities in Baku guarantee the safety and rights of the local population, which predominantly consists of ethnic Armenians, Prime Minister Nikol Pashinyan said on Monday. Speaking at a press conference, Pashinyan noted that the territory of Azerbaijan encompasses 86,600 sq km, a figure significant because it includes the region in question. The president added, however, that “at the same time, we say that the issue of the rights and safety of the people of Nagorno-Karabakh should…

Information obtained by the Hurriyet newspaper indicated that Ogan will accuse Kilicdaroglu of supporting terrorist organizations. Sinan Ogan, the former candidate of the ATA Alliance in the Turkish presidential election, is expected to announce on Monday his support for incumbent President Recep Tayyip Erdogan in next week’s runoff, Turkish newspaper Hurriyet reported, citing sources. In the first round of the election, Erdogan received 49.52% of the vote, while his main opposition opponent Kemal Kilicdaroglu received 44.88%. Ogan came in third with over 5%, making him a potential game-changer in the second round scheduled for May 28. Information obtained by the newspaper indicated Ogan would announce his decision…

The international community is not doing enough to stop the fighting between rival military factions, a political analyst has told RT Sudan’s warring factions agreed on Saturday to a seven-day ceasefire beginning Monday to allow humanitarian aid to be delivered, but local media reported new artillery shelling and bombardments in Khartoum and other cities. A field report released on Monday by the Sudanese Doctors Union estimated that the five-week conflict has killed at least 863 people and injured no less than 3,531 others. Speaking to RT, political analyst Isam Elzein said international players are “not really doing enough to stop…

A committee on the financial market of the State Duma of Russia has prepared an updated version of a draft law on the use of the digital ruble, Interfax reported. In the updated version, the deputies clarify the obligations of the Russian Central Bank, and the bill also provides facilities for non-residents when working in the digital ruble . On April 18, the President of the Russian Central Bank, Elvira Nabiullina, revealed that Russia is ready to start experimenting with the digital ruble, and after the trial version, it will be possible to offer the digital ruble to everyone. And the…

Russian President Vladimir Putin has approved a deal to sell a controlling stake (51%) in technology company Yandex, which operates the Russian search engine Yandex.  According to the media, citing private sources, the candidates who will buy the stake have been coordinated with the Russian president by Yandex’s corporate development advisor Alexey Kudrin. The media indicated that potential buyers could be: Russian businessmen Vladimir Potanin, Vahid Alekperov andAlexei Mordashov and VTB Bank, and stressed that the list of buyers is not final and may be subject to change. The Yandex board of directors will discuss the proposal at a meeting…

Russian Foreign Ministry Spokeswoman Maria Zakharova pointed out that the Ukrainian president “compared Hiroshima, destroyed by an American nuclear bomb to Artyomovsk” on the sidelines of the G7 summit in Japan Russian Foreign Ministry Spokeswoman Maria Zakharova pointed out that both Artyomovsk (Bakhmut) and Japan’s Hiroshima were destroyed by the official Washington, commenting on Ukrainian President Vladimir Zelensky’s comparison of the aftermath of the nuclear bombing of Hiroshima to hostilities in Artyomovsk. She pointed out that the Ukrainian president “compared Hiroshima, destroyed by an American nuclear bomb to Artyomovsk” on the sidelines of the G7 summit in Japan. “Well done,…