Author: Steven Sahiounie

Rome has announced a six-month state of emergency as it grapples with a migration crisis Rome has called for a “clearer” explanation after French Interior Minister Gerald Darmanin said last week that Italian Prime Minister Giorgia Meloni had been “lying” about her government’s capacity to handle mass migration. “Clearer words are needed,” Italian Foreign Minister Antonio Tajani told RAI broadcaster on Sunday. “I hope that the French government changes its position and that an apology comes that represents a contrast to the position adopted by the interior minister.” He added that if such comments come, he would be “happy to accept them.” The political fracas between the two…

The recent slide in oil prices is starting to bottom out, according to analysts who predict that a more significant pickup in the coming quarters is in the cards. Oil prices saw their third consecutive weekly decline last week, marking the longest losing run this year. However, that may soon come to pass, according to some market watchers. “Now it definitely feels like they’re at the bottom — there are multiple signs of that,” said Citi’s Global Head of Commodities Research Ed Morse. “Inventories built a lot during the first and second months of the year, and then they’ve come…

Chinese Foreign Minister Qin Gang calls on the US to follow a “calm, professional, and pragmatic manner” to bring back Sino-US relations on the right track after “undermining” China’s sovereignty. According to the Chinese state councilor and foreign minister, Qin Gang, the US is to blame for “undermining” the Sino-US relations as he called on Washington to “push” them “back on track.” During a meeting in Beijing with the US ambassador to China, Qin relayed that bilateral ties with Washington are of “great significance” not only to both nations, “but also to the world,” adding that he sees it “necessary to prevent…

One of the victims remains hospitalized after the police vehicle ran into her alongside her brother and friend last month during Ramadan while on their way home back from praying at a mosque.  Paris has once again witnessed a massive protest in its streets against the ongoing police brutality in the country, in light of the recent incident of three Muslim teens being run over by a police car, which seriously wounded them. The attack was labeled by their attorney as an “assassination attempt.” The family and friends of the three victims took part in the protests alongside many of the country’s…

The first general report of the Planning and Budget Committee of the House of Representatives in Egypt revealed that the government’s public debt exceeded 6.3 trillion pounds, an increase of 13.7% over the previous year. The document revealed the value of government public debt after clarifying the internal public debt and the external public debt, as the net final debt on 6/30/2022 amounted to about 6,308,555.7 million pounds, compared to about 5,547,453.8 million pounds, an increase of about 761,101.9 million pounds, an increase of 13.7%, compared to about 3,974,970.8 million pounds in the previous year. 6/30/2018, an increase over the…

The major global economies are shifting and the clues are there for those who know where to look De-dollarization is increasingly making headlines and you don’t have to look too hard to find examples. New sources of non-dollar finance are emerging. There are new bilateral agreements to trade and lend in currencies other than the US dollar. Even more importantly, major oil trade buyers and sellers – Moscow and Riyadh as much as Beijing and New Delhi – are agreeing to trade it in non-dollar currencies. These deals are destroying one of the main pillars of dollar dominance since OPEC…

Kremlin spokesman Dmitry Peskov stressed that Russia strongly condemns such statements Statements by the Ukrainian authorities about their readiness to “kill Russians around the world” indicate that Kiev has become not just a sponsor, but an immediate organizer of terrorist acts, Kremlin spokesman Dmitry Peskov told reporters on Monday. He was commenting on the corresponding statement of the head of the Main Intelligence Directorate of the Ministry of Defense of Ukraine Kirill Budanov. “This is a truly monstrous statement. This statement, and what Mr. Budanov said, is a direct confirmation that the Kiev regime is not just sponsoring terrorist activity,…

A Bloomberg report says the Arab League’s decision to disregard US reservations reflects America’s waning influence in the region. A report published by Tarek El-Tablawy and Abdel Latif Wahba on Bloomberg considered the Arab League states’ decision to reinstate Syria to the bloc comes “in defiance of US warnings.” The report cited Hossam Zaki, the Arab League’s Assistant Secretary-General, as saying that the decision was unanimous. It suggested that “the Arab League decision to disregard US reservations reflects America’s waning influence in the oil-exporting region and a growing willingness among allies to forge their own political path and build stronger strategic ties with US…

The global supply of natural gas will remain tight this year amid a wide range of uncertainties, the International Energy Agency (IEA) warned on Thursday. For now, the pressure on global gas markets has eased, as there was a reduced need for storage withdrawals in Europe and the US due to the mild winter, the IEA wrote in its latest Gas Market Report. In the first quarter of the year, spot prices for liquefied natural gas (LNG), which has served as a replacement for the Russian pipeline gas, fell below the levels seen in the summer of 2021, though they…

Mahathir Mohamad noted that Russia also needs to find friendly countries that will support it The US authorities push humanity towards a world war by contributing to emergence of two hostile blocs, says Former Prime Minister of Malaysia Mahathir Mohamad. “The US will try to get other countries to join in the action against Russia, and Russia will also have to find friendly countries which will support it,” Mahathir, 97, said in an interview for the Global Times. “There will be confrontation between the Eastern bloc and Western bloc. And this will escalate and become a world war.” The expert…