Author: Steven Sahiounie

Prime Minister, Eng. Hussein Arnous, met Sunday the Algerian Ambassador to Damascus, Hassan Tohamy, on the occasion of the end of his mission in Syria. Both sides highlighted the solid historical relations between the two countries and the two brotherly peoples, as well as the important role of Algeria to strengthen the joint Arab cooperation and promoting the Arab ranks unity. They also emphasized the need to boost bilateral cooperation in economy and energy fields, increase trade exchange, in addition to opening new horizons for relations and exerting greater efforts to achieve mutual benefit for the two countries. The premier…

The document published on the White House’s website informs about “today’s announcement of an additional $375 million in ammunition and equipment” to Kiev, which, among other things, will go for training of the Ukrainian servicemen US President Joe Biden said that the country will allocate $375 million as part of the new military aid package to Ukraine, the White House reported on Sunday. The document published on the White House’s website informs about “today’s announcement of an additional $375 million in ammunition and equipment” to Kiev, which, among other things, will go for training of the Ukrainian servicemen. Reuters earlier…

Russian troops successfully gained control over Bakhmut, and Zelensky acknowledges its loss. Ukrainian President Volodymyr Zelensky emerged on Sunday to acknowledge Bakhmut’s defeat to the Russians, saying there was “nothing left” of the city. When asked if Ukrainian soldiers were still holding out or if Russia had taken the city, Zelensky was evasive, saying only, “You have to understand there is nothing” there. “For today, Bakhmut is only in our hearts.” Retired US Air Force Lt. Col. Karen Kwiatkowski told Sputnik that the Russian forces’ control over the important transport hub of Bakhmut on May 20 marks a critical turning point in the battle between Kiev…

By:Steven Sahiounie, journalist and political commentator Canadian military aircraft deliver Ukraine-bound military aid not only from Canada, but from allies and partners, but Canada recently found it difficult to fly its citizens home from a war zone. Canadian citizens were caught-up in the war zone in Sudan, where two rival generals are fighting for power and control. CTV News reported that, faced with a dangerous and desperate situation, a Canadian woman from Toronto, Azza Ahmed, her mother and an elderly aunt were left to fend for themselves in evacuating Sudan, and felt forgotten by the Canadian government in the process.…

In the volatile world of cryptocurrency, Bitcoin continues to be a focal point for investors and traders alike. As Bitcoin’s price hovers around the crucial resistance level of $27,000, market analysts are closely examining the symmetrical triangle pattern that has formed on the charts. This pattern, characterized by converging trend lines, suggests a potential breakout in the near future. In this Bitcoin price prediction , we will delve into the Bitcoin price prediction, analyzing the symmetrical triangle pattern and the significance of the resistance at $27,000. Bitcoin Price The current price of Bitcoin stands at $27,098, accompanied by a trading volume of $7.4 billion…

The weaponization of the dollar by the US has been used effectively to sanction countries that defy Western hegemony. An analysis issued by fund flow and asset allocation data provider EPFR Global has revealed that emerging market investors are incrementally moving away from dollar-denominated debt and assets and shifting towards local currency bonds as the safer options to park their assets. According to results from the study, an estimated $2.65 billion has been withdrawn from primarily dollar-denominated assets between January and April of 2023. However, a net $5.23 billion was injected into local currency bond funds. Observers say that the shift is attributed…

The US Chamber of Commerce is strongly pushing back against efforts from Sens. Bernie Sanders, Elizabeth Warren and other progressives to urge the White House to use the 14th Amendment to avoid a disastrous default. The Chamber, a pro-business trade group that often supports Republicans, sent President Joe Biden a letter on Friday warning of economic, financial and legal turmoil should the administration attempt to take this controversial route to address the debt ceiling. “It is the Chamber’s view that attempting to invoke so-called ‘powers’ under the 14th Amendment would be as economically calamitous as a default by a failure to lift…

It has been a busy week of public engagements for the Federal Reserve’s top officials. One thing has become clear: There is an intensifying debate about whether to hike again or pause at the next meeting. Some officials are concerned inflation isn’t cooling fast enough, which could prompt an 11th consecutive rate hike when policymakers meet in June. Officials didn’t express concerns over credit conditions deteriorating sharply and some said they remain open to pausing. “So far, the data continue to support the committee’s view that bringing inflation down will take some time,” Fed Chair Jerome Powell said Friday in a moderated…

Europe may have done a good job in reducing its dependency on Russian oil and gas and mitigating an energy crisis caused by the war in Ukraine but it’s “not out of the woods” yet, the head of the International Energy Agency (IEA) told CNBC. “Europe was able to transform its energy markets, reduce its share of Russian gas to less than 4%, and its economy still didn’t go through a recession,” Fatih Birol, the IEA’s executive director told CNBC’s Martin Soong on Sunday. “Europe emissions have declined … and gas storage is at very decent levels,” Birol said, speaking…

Over the three days, the countries held ten sessions during which they discussed the situation around Ukraine, relations with China, global economic problems, nuclear disarmament, cooperation with partners outside the G7, and other issues The leaders of the G7 and the countries invited to the summit in Hiroshima on Sunday completed all the scheduled working sessions, the organizers of the event reported. Over the three days, the countries held ten sessions during which they discussed the situation around Ukraine, relations with China, global economic problems, nuclear disarmament, cooperation with partners outside the G7, and other issues. On May 20, the…