Author: Steven Sahiounie

Chinese Defense Ministry Spokesperson Senior Colonel Tan Kefei emphasized that the Chinese army “will firmly defend the sovereignty and territorial integrity of its country” China’s People’s Liberation Army (PLA) will thwart any attempts by Taiwanese separatists to isolate themselves from China by means of buying weapons from Washington, Chinese Defense Ministry Spokesperson Senior Colonel Tan Kefei said on Tuesday. The PLA will ramp up its preparations for war, he added. Commenting on Washington’s plan to supply $500 million worth of weapons to Taipei, Tan said, “The PLA continues to intensify military training in preparation for war. We will resolutely crush…

Those involved in the probes admit the absurdity of anti-Russian allegations voiced at various government levels in the US, Dmitry Peskov maintained The United States has repeatedly failed to find any signs of Russian interference in its affairs, Kremlin Spokesman Dmitry Peskov told reporters on Tuesday. When asked to comment on Monday’s report by US Special Counsel John Durham who concluded that the FBI should never have launched a probe into ties between former US President Donald Trump and Russia, Peskov said, “This is not the first time that the Americans have launched a thorough, large-scale investigation only to find…

The politician stressed that Russia would “maximize the production of weapons, military and special equipment and means of destruction” After denouncing the no longer relevant treaty on conventional armed forces in Europe (CFE Treaty), Russia is free to deploy weapons wherever necessary to protect its national interests, the deputy chairman of Russia’s Security Council, Dmitry Medvedev, said on his Telegram account on Tuesday. “The State Duma has denounced the CFE Treaty. Good riddance. This document became irrelevant for us back in 2007. Now, none of the previously suspended international commitments can prevent us from placing our weapons wherever we want…

Jewish settlers today torched a Palestinian-owned car in the village of Beit Iksa, northwest of occupied Jerusalem, according to local sources. They said settlers broke into the village, torched a car owned by a local resident, and wrote racist graffiti on the walls of the house of another resident. Ibrahim Zayed, the owner of the torched car, said the settlers set fire to his car and then wrote graffiti calling for the killing of Arabs before running away when residents chased them out. Source: Wafa

The ongoing pressure in oil prices neglects an accelerating demand outlook and looming supply tightness, the Paris-based International Energy Agency warned on Tuesday. Financial turbulence in the banking sector after the spring collapse of several U.S. and European banks steered investors away from historically riskier assets, such as oil. Prices fleetingly gained ground after a number of OPEC+ members announced an additional 1.6 million barrels per day of voluntary cuts at the start of April — only to rapidly surrender these gains, cooling analyst expectations of prices at $100 per barrel. Ice Brent futures with July expiry were trading at $75.14…

South African President Cyril Ramaphosa says Russia and Ukraine have agreed to receive an African mission that aims to initiate peace talk discussions between the two countries. The Russian and Ukrainian Presidents have agreed to meet with a delegation of African leaders to discuss a possible peace deal to the Ukrainian crisis, South African President Cyril Ramaphosa said on Tuesday. The South African President did not reveal any further details regarding the peace plan, however, the two sides are miles apart in terms of their demands for a peace deal, as Ukraine has demanded the withdrawal of Russian troops from…

Venezuelan President Nicolás Maduro announced that Venezuela will move ahead with the path of eliminating the dollar in economic transactions. “This is our way, the way of a free economy, where currencies are not used to punish countries and impose sanctions,” Maduro said in an interview with local television on Monday. Earlier, Argentina announced in April that it would move to the Chinese yuan to pay for goods imported from China, on the back of difficulties with supporting central bank reserves. Last March, Brazil and China announced the establishment of a clearing house for trade without using the dollar, and…

Saudi Arabia has received more than $17 billion in requests for its issuance of international sukuk for 6 and 10 years, according to Okaz newspaper. And Saudi Arabia entered the international debt markets yesterday (Monday) by selling sukuk in two tranches, and a document showed that the Kingdom offered sukuk in dollars with maturities of 6 and 10 years. Saudi Arabia set an initial guiding price at 110 points above US Treasury bonds for 6-year sukuk, and at 135 basis points for 10-year sukuk. Citigroup, JPMorgan and Standard Chartered banks have been appointed coordinators for the issuance. And the Kingdom…

The risk of US default is at the highest level in history, threatening global markets with painful losses. For investors, there are a few tools for hedging, most notably gold. And the precious metal is largely the best choice for people seeking to protect their money when Washington defaults, and according to the latest survey conducted by “Bloomberg” agency, more than half of financial experts indicated that they would buy gold if the US government failed to fulfill its obligations. What is surprising or ironic is that US Treasury bonds are among the assets that respondents prefer to buy in…

Political economy and international relations researcher Abu Bakr El-Deeb commented on the crisis of oil refineries on the American Gulf coast with the high demand for sour oil, including the Suez Canal refineries in Egypt. The Egyptian researcher confirmed in statements to RT that the United States of America is going through a crisis because of the OPEC Plus decisions regarding reducing production, in order to preserve prices, and this negatively affects the American economy and increases inflation rates, which is what prompts it to search for alternatives such as shale oil, sour oil and others. . Al-Deeb pointed out…