Author: Steven Sahiounie

Debt talks are due to start this week with US President Joe Biden and Republicans. According to a US Treasury Department official, if the US defaults on its debt by June 15, it would face a catastrophic recession that would destroy millions of jobs. The dire warning was made on Sunday by Deputy Treasury Secretary Wally Adeyemo, as debt talks are due to start this week. His comments echoed previous warnings issued by US politicians, bankers, and the White House that the country is on the brink of default. According to them, a default would have severe ramifications for the country, including a…

The collapse of the Russia-Ukraine grain deal could trigger food shortages in African countries, Deputy PM Antonio Tajani warned The potential collapse of the UN- and Türkiye-brokered grain deal unblocking Ukrainian agricultural exports via the Black Sea could trigger a new stream of migrants fleeing to Europe, Italian Deputy Prime Minister Antonio Tajani warned in an interview published on Monday. Speaking to Italian daily il Messaggero, when asked to give his take on what could happen if the landmark agreement fell apart, Tajani replied that it was “a scenario that we do not want to consider.” “The lives of millions of…

The Belarusian leader noted that the situation around the republic is not critical at this point, but concerning factors do exist Belarusian Air Force and air defense forces have been on high alert for three days after the incidents in the Bryansk Region of Russia, Belarusian President Alexander Lukashenko said during his visit to the central air force and air defense command post, where he received reports on the air defense situation Monday. “Three days after the events next to us. I mean the events in the Bryansk Region, when four aircraft were downed. We had to react to that,”…

Turkish President Recep Tayyip Erdogan addresses his supporters through Twitter, saying that the biggest winner in the elections was Turkish democracy as he states his confidence in winning the second round on 28 May. Turkish President Recep Tayyip Erdogan says he feels confident in emerging victorious in the next round of presidential elections after falling less than half of a percent short as counting was finalized on Monday. Erdogan said on Twitter, “The 14 May elections, one of the elections with the highest participation in our history, took place in a festive atmosphere befitting our democracy.” Although the President was unable to secure…

Bitcoin’s price has made a significant move by surpassing the crucial mark of $27,200, but the strength of buying support appears to be waning. As Bitcoin continues its volatile journey, investors and analysts are closely watching the market for insights into its future price movements. The recent breakthrough of the $27,200 level has generated both optimism and caution, prompting speculation about the sustainability of this upward momentum. In this BTC price prediction, we will explore the key factors shaping Bitcoin’s current trajectory and examine potential scenarios for its future performance. Michael Saylor Emphasizes Bitcoin’s Importance as a Valuable Asset in…

Questions swirl about the strength of China’s recovery from Covid lockdowns, and there’s talk of recession in the United States. Yet Europe’s economic prospects have brightened in recent months, according to the European Commission. The EU’s executive arm on Monday upgraded its growth outlook for 2023 and 2024. It now expects the EU economy to expand 1% this year, up from an estimate of 0.8% in February. Growth next year is pegged at 1.7%, an upward revision of 0.1 percentage points. The improved forecast for Europe — which narrowly dodged a recession this winter — still represents a marked slowdown on last year, when the bloc’s economy…

Wall Street is eager to see the Federal Reserve wind down its aggressive rate-hiking cycle that’s battered markets and tested investor morale. Although a pause in interest rate hikes appears likely, cuts may be farther off than some believe. The stock market has stayed resilient this year after a brutal 2022 that was roiled by persistent inflation, the Federal Reserve’s interest rate hikes, Covid shutdowns and geopolitical tensions. Still, investors have remained hyper-alert for signs that the central bank could let up its brisk clip of interest rate increases. The Fed issued its tenth consecutive rate hike this May, raising rates by a quarter point.…

Investors are nervously awaiting the outcome of Turkey’s presidential race in a runoff vote on May 28. They sent stocks tumbling Monday and pushed the value of its currency down to a new record low against the US dollar. Turkey’s benchmark BIST-100 index sank as much as 6.4% in pre-market trade after Sunday’s election in which President Recep Tayyip Erdoğan performed better than polls suggested, tallying about 49.5% of the vote to the opposition’s 44.9%. “An opposition victory looks to have become less likely and this will disappoint investors hoping for a return to orthodox economic policymaking and a more credible commitment to tackling Turkey’s inflation problem,”…

Americans’ debt levels continue to climb to new heights at a time when economic conditions are becoming increasingly less stable. Household debt balances set a fresh record high of $17.05 trillion during the first quarter, growing $148 billion or 0.9% from the fourth quarter of last year, the Federal Reserve Bank of New York reported Monday. That debt load has spiked by $2.9 trillion since the end of 2019. During the first quarter, the increases in debt were seen across practically all categories, with larger (and new record) balances for mortgages, home equity lines of credit, auto loans, student loans,…

By: Ahmed Abdu-Almalik Al-ansi | Yemeni journalist and translator. Yemeni People are always in Solidarity with Palestinian’s Righteous Revenge. On Sunday, 14 May, Yemeni people came out in mass rallies which are entitled as “Righteous Revenge of Free Folks” in the capital Sana ‘a and other governorates, in solidarity with the Palestinian people. ” Yemeni people always stand beside Palestinians, so we are with them from head to foot, and their righteous revenge is also our revenge. Today’s Mass rallies of Yemeni People in Sana’a and other governorates express our solidarity with the Palestinian cause. The rally participants condemned the…