Author: Steven Sahiounie

The Ministry of Foreign Affairs and Expatriates today condemned what it described as “the heinous crime” committed by the Israeli occupation army against the Palestinian people in the besieged Gaza Strip, which led to the killing of 12 citizens, most of them children, women and unarmed civilians. The Foreign Ministry considered in a statement this crime “an extension of the occupation’s open war against our people and their just and legitimate national rights, and a continuation of the Israeli government’s attempts to export its crises to the Palestinian arena and resolve them at the expense of the rights of our…

The United Nations explained that there are 14 ships in Ukrainian ports loading 600,000 tons of grain and food Fertilizers have not been exported as part of the grain deal until now, the Office of the UN Coordinator for the Black Sea Grain Initiative said. ” There are currently 14 vessels in the Ukrainian ports loading approximately 600,000 metric tonnes of grain and foodstuffs. The Initiative also provides for the exports of fertilizer, including ammonia. There have been no such exports so far,” the Office said. No vessels were inspected by the Joint Coordination Center (JCC) on Sunday and Monday,…

While the agenda is still not specified, calls for lasting peace between the two Caucasian countries have grown after the negotiations brokered by the US Secretary of State last month.  The Armenian Prime Minister and Azerbaijani President are scheduled to hold peace talks this weekend in Brussels, according to reports by Politico citing EU officials. Charles Michel, president of the European Council, will reportedly be hosting the two leaders on May 13-14. “We see this as a continuation of efforts for normalization of Armenian-Azerbaijani relations, a resumption of the trilateral meetings in the Brussels format, and a follow-up to important and positive peace…

It was reported earlier on Monday that Mirziyoyev had left for Moscow, at the invitation of the Russian president, to take part in the celebrations dedicated to the 78th anniversary of the victory in the Great Patriotic War Russian President Vladimir Putin held talks with Uzbek President Shavkat Mirziyoyev on Monday, Kremlin Spokesman Dmitry Peskov said. It was reported earlier on Monday that Mirziyoyev had left for Moscow, at the invitation of the Russian president, to take part in the celebrations dedicated to the 78th anniversary of the victory in the Great Patriotic War. Source: Tass

The billionaire said those who run banks should face punishments when they run into trouble instead of being saved. Berkshire Hathaway’s owner Warren Buffet asserted that when US bank directors face difficulties, they “should suffer,” and that he was leery of most banking stocks due to “messed-up incentives.” The remarks by Buffett, 92, dubbed the “Oracle of Omaha” by investors, came a week after the failure of First Republic Bank, the largest bank failure in the United States since the 2008 financial crisis. Buffett criticized politicians, regulators, and the press for their handling of the recent collapses of Silicon Valley Bank, Signature…

Despite all the losses incurred, the Chief Executive of Polish state-owned oil company Orlen paradoxically calls for even more sanctions. The chief executive of the Polish state-owned oil company Orlen, Daniel Obajtek, said the EU’s ban on Russian crude oil is costing Orlen an estimated $27 million in economic losses each day due to the huge price gap between Russian-supplied oil and alternatively supplied oil of about $30 per barrel, the Financial Times reported on Sunday. “I would not call it a loss,” the executive said, but he considered it a cost of not “supporting Russia”. Objatek admitted that Orlen was still purchasing oil…

Inflationary forces, according to a US investment bank, might compel the Bank of England’s monetary policy committee’s hand. Goldman Sachs has warned that the Bank of England may be compelled to hike interest rates to 5% this summer as Britain battles to reduce the highest rates of inflation among the G7 group of major nations. The Bank of England is generally expected to raise borrowing costs for consumers and companies for the 12th time in a row on Thursday, with financial markets forecasting a quarter-point hike to 4.5%. However, a US investment bank cautioned that borrowing costs for families and companies might…

Russia and the UAE plan to strengthen the free trade agreement between the Eurasian Economic Union and the UAE, with a bilateral agreement on trade in services and investment by the end of 2023. This was reported by the Russian Ministry of Economic Development, and said: “The free trade agreement between the Eurasian Economic Union and the UAE will be supplemented by a bilateral agreement on trade in services and investment between Russia and the UAE. The main agreements are scheduled to be reached by the end of this year.” This was confirmed by the Minister of Economic Development, Maxim…

Egyptian economic analyst Hanan Ramses talked about Russia’s ability, for the first time since 2014, to return to the list of the ten largest economies in the world. And she explained in statements to RT that Russia returned for the first time to the list of the ten largest economies in the world by the end of 2022, despite the conditions of war that exhaust the energies of the richest country and its greatest capacity, which is the Russian-Ukrainian war, which had it not been for the intransigence of the West and its desire to escalate economic and political ambitions,…

Bitcoin (BTC) price is down today as ongoing congestion frustrates traders and pressures market sentiment. Binance FUD drags Bitcoin down Data from Cointelegraph Markets Pro and TradingView shows Bitcoin trading below $28,000 into the May 8 Wall Street open. The largest cryptocurrency continues to experience a dip in sentiment after transaction fees hit their highest levels ever and the mempool became almost 98% full. Mass transactions spamming the Bitcoin network lies at the center of the problem, market participants believe. The impact was worsened, however, by largest global exchange Binance repeatedly halting BTC withdrawals. Blaming congestion for the outages, Binance…