Author: Steven Sahiounie

A source in the Italian Defense Ministry says the Italian army is right now in “serious difficulty” due to a shortage of heavy and light artillery ammunition. After supplying Ukraine with six military aid shipments, there is “not much left” in Italy’s military stockpiles, the Corriere Della Sera newspaper reported on Friday. The report highlighted that with Italian industry crippled and replenishment from the US doubtful, the country is said to have only enough ammunition for two days of warfare. The Italian newspaper cited a source in the Italian Defense Ministry as saying that the Italian army is right now in “serious…

An early meeting of the LAS Council at the foreign minister level is expected to be held on Sunday at the organization’s headquarters in Cairo with the restoration of Syria’s membership featuring prominently on the agenda Arab foreign ministers on May 7 will make a decision to restore Syria’s full membership of the League of Arab States (LAS), a LAS spokesman announced on Saturday. “Tomorrow, the Arab foreign ministers will decide on Syria’s return to the LAS,” El Sharq TV quoted the official as saying. An early meeting of the LAS Council at the foreign minister level is expected to…

A representative of the Hungarian Energy Ministry says in the context of the energy crisis, the priority is to ensure the security of gas supplies. Russia continues to reliably supply gas to Hungary via the Turkish Stream pipeline under a long-term contract, a representative of the Hungarian Ministry of Energy told Sputnik. The representative pointed out that in the context of the energy crisis and sanctions against Russia, the priority is to ensure the security of supplies, adding that Russia “reliably supplies gas” to Hungary via the Turkish Stream gas pipeline under a long-term contract. According to the Hungarian representative, the amount…

The Shiba Inu price has dropped by 1% in the past 24 hours, falling to $0.00000993 as the cryptocurrency market suffers a similar but smaller dip. SHIB’s price means it has dropped by 3% in the past week and by 11% in the last 30 days, while the meme token has gained by 22% since the beginning of the year, which is less than the gains enjoyed by bigger cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). However, in the past few days SHIB’s 24-hour trading volume has risen above $100 million, indicating an increase in liquidity and volatility that…

Bitcoin’s price has recently bounced back from a local bottom, sparking renewed optimism among investors and traders. As the leading cryptocurrency targets the $30,000 level once again, market participants are left wondering what happens next. Will this rebound mark the end of the bearish trend, or is it merely a temporary reprieve before the next downturn? This update will explore the factors that could influence Bitcoin’s price trajectory and provide predictions for its future movements. US Banking Crisis Fuels Bitcoin’s Ascent Towards $30K Milestone The recent surge in Bitcoin began after the second major bank failure in the United States,…

A review by the Russian Ministry of Economic Development on prices showed that inflation in Russia slowed in the country and reached 2.42% on May 2, on an annual basis, compared to 2.55% recorded on April 24. The document stated: “For the period from April 25, 2023 to May 2, 2023 (8 days), year-on-year inflation continued to decline to 2.42%.” Thus, the index recorded its lowest level since February 2020, when it was at 2.3%. According to the Russian Ministry of Economic Development, price growth in the food sector slowed down from April 25 to May 2 of this year…

Shares of 130 regional banks (at the state level) in the United States plunged, yesterday, Thursday, by more than 5%, according to what was shown by a site that tracks the banking sector in the United States. The decline came in light of concerns about the safety of the US banking sector, in light of a wave of deposit withdrawals, and following the US Federal Reserve’s decision to raise the main interest rate. Shares of US local banks recorded strong losses, led by “Bacoist” stock, which fell by more than 45%. Yesterday, the “Wall Street” stock market closed down, and…

Russia’s permanent representative to the United Nations, Vasily Nebenzia, stressed that Russia cannot rely on the dollar as a global currency in light of the Western sanctions policy. In an interview with “Novosti” agency, he indicated that the process of abandoning the dollar by the global economy is under way, and Nebenzia said, “The process of transitioning in mutual settlements between countries to national currencies reflects the desire of countries to get rid of dependence on the dollar.” The official recalled previous statements by Russian Foreign Minister Sergey Lavrov about the dollar, in which he said that the United States…

The Russian currency, the ruble, continues to rise against major currencies today, Friday, and the US currency traded below the level of 77 rubles, for the first time since last March 31 (2023). By 10:03 Moscow time, the dollar exchange rate had fallen by 83 kopecks (rule = 100 kopecks) to 77.72 rubles, according to Moscow Stock Exchange data. The euro’s exchange rate fell by 79 kopecks to 85.39 rubles, while the Chinese currency, the yuan, fell by 11 kopecks to 11.16 rubles. This article was originally published by RT.

Russian Deputy Prime Minister Alexander Novak reaffirmed his country’s full commitment to the voluntary reduction in oil production, noting that pipeline supplies to the European Union have declined by more than two-thirds. “Considering the unfounded speculation in the press about (Russian) oil production levels, Russia reaffirms its full commitment to the (previously announced) voluntary oil production cut levels,” Novak told reporters on Thursday. He added, “With regard to media reports indicating growth in exports following the results of monitoring marine shipments, these reports do not take into account the fact that pipeline shipments to the European Union have decreased significantly…