Author: Steven Sahiounie

Oil prices fell today, Monday, amid concerns about the global economy, especially about the US economy, and a slower-than-expected recovery of the Chinese economy. And by 09:32 Moscow time, US West Texas Intermediate crude futures fell by 0.13%, to $69.95 a barrel. While Brent crude futures fell by 0.22% to $74.01 a barrel, according to Bloomberg agency data. Meanwhile, the dollar index, which measures the value of the US currency against a basket of major currencies, settled at 102.6260 points, down slightly by 0.05%. Oil prices ended last week’s trading on a decline, recording the longest streak of weekly losses…

The American company “Apache” is trying to acquire a large number of areas in Egypt to search and explore for oil, as it is eyeing new places in the Western Desert in Egypt. Egyptian Minister of Petroleum Tarek El-Molla discussed the company’s activities in Egypt, its current programs and plans during the coming period to increase the volume of its work in the field of research, exploration and production of oil and gas in its concession areas in the Western Desert. El-Mulla said that Apache has been operating in Egypt for more than 25 years in the Western Desert and…

Turkish TV continues to publish the preliminary results of the Turkish parliamentary elections, showing the ruling Justice and Development Party in the lead with 36.3% compared to 24.3% for the Republican People’s Party. The preliminary results of the Turkish parliamentary elections, published so far by the official Turkish TV, the ruling Justice and Development Party’s People’s Alliance garnered 322 seats compared to 212 for its closest competitor, the Republican People’s Party’s Nation Alliance. The Justice and Development Party amassed 266 votes, while the National Movement Party, allied with the ruling party, garnered 51 seats, and the Felicity Party garnered 5.…

An anonymous official in Paris has reportedly said the focus is on land operations and air defense The French government believes it is too early to discuss the delivery of fighter jets to Ukraine, Politico has reported. President Emmanuel Macron did pledge to provide Kiev with dozens more armored vehicles during a weekend meeting with Ukrainian counterpart Vladimir Zelensky. In an article on Sunday, Politico quoted an anonymous official from Macron’s office as saying that “what Ukraine needs is combat equipment, armored vehicles, tanks, artillery.” In addition, Paris will heed Kiev’s calls to supply more air defense systems, the source…

“We categorically disagree with such statements because our relationship with the People’s Republic of China exhibits the characteristics of a strategic special partnership, which has nothing to do with any kind of dependence on anyone whomsoever,” Dmitry Peskov stated Moscow has categorially refuted the opinion recently voiced by Paris that Russia is purportedly in a state of so-called vassal dependence on China, stating that such rhetoric exudes a complete misunderstanding of the nature of Russian-Chinese relations, Russian Presidential Spokesman Dmitry Peskov said on Monday. Commenting to journalists on French President Emmanuel Macron’s recent statement that Russia had purportedly suffered a…

The French president also argued that Moscow “has already lost geopolitically” in the Ukraine conflict Russia has effectively suffered a strategic defeat in Ukraine and is becoming increasingly dependent on China, French President Emmanuel Macron said in an interview released on Sunday. However, he added that any European security architecture should address not only Ukraine’s concerns but also prevent a standoff with Russia. Speaking to the newspaper l’Opinion, when asked about the ongoing Ukraine conflict, Macron claimed that “Russia has already lost geopolitically.” He argued that Moscow “has started to suspect its historical allies, its first-rank belt.” Moreover, according to the French leader,…

Israeli occupation forces storm the Al-Masaken Al-Shaabiyah neighborhood and the vicinity of the Askar refugee camp. Palestinian websites confirmed the martyrdom of Palestinian youth Saleh Sabra after he was shot dead by Israeli occupation forces during their attempt to storm the Askar refugee camp, east of Nablus in the occupied West Bank. The Israeli occupation forces stormed the Al-Masaken Al-Shaabiyah neighborhood and the vicinity of the Askar refugee camp. Local Palestinian sources reported that two Palestinian youths were injured, one of them seriously, as a result of Israeli occupation gunfire. Other sources reported that Palestinian Resistance fighters confronted the Israeli…

Joe Biden’s upcoming visit marks the first time a sitting US President visits Hiroshima. The White House schedule indicates that US President Joe Biden is scheduled to meet with Japanese Prime Minister Fumio Kishida on Thursday in the city of Hiroshima, which was once destroyed by US nuclear bombs. This comes ahead of a G7 summit that will be taking place in Hiroshima from May 19-21. As per Biden’s schedule, he will be landing in Hiroshima on Thursday, May 18, and will hold bilateral talks with the Japanese premier shortly after landing. White House spokesperson Karine Jean-Pierre said on Friday that the US President…

The European Commission boosted its 2023 forecast for growth in the eurozone by 0.2 points to 1.1%, forecasting inflation in the region to rise by 5.8%. The European Union said in a report entitled “Economic Prospects for Spring 2023: An Improved Outlook Amidst Continuing Challenges” : The European economy continues to show resilience in a challenging global context. Lower energy prices, easing supply constraints and a strong labor market supported moderate growth in the first quarter of 2023, dispelling fears of a recession. He predicted the growth of the European Union economy by 1.0% in 2023 (0.8% in the interim winter forecast) and…

Ukrainian President Volodymyr Zelensky goes to Paris and meets with French President Emmanuel Macron where the two announce in a joint statement their intention to mount pressure against Russia. In a joint statement, French President Emmanuel Macron and Ukrainian President Volodymyr Zelensky announced that France intended to train Ukrainian battalions and equip them with AMX-10RC armored fighting vehicles. In a statement released by the Elysee Palace, on Monday, Macron said that “France is focusing its efforts on supporting Ukraine’s air defense capabilities.” The two presidents, according to the statement, concurred that there is a need to mount collective pressure…