Author: Steven Sahiounie

Steven Sahiounie, journalist and political commentator Khader Adnan, 45, of Jenin in the occupied West Bank, died while on a hunger strike in an Israeli prison. He started the hunger strike on February 5, when he was arrested and sentenced in an Israeli military court and placed into “administrative detention”, which means detention without charges in abhorrent prison conditions. It was the Israeli common practice of administrative detention that prompted the hunger strike. Held without charges or trial, this marked the third time Adnan had been on a hunger strike in an Israeli prison, having been arrested by Israel 12…

The Egyptian researcher in international relations and political economy, Abu Bakr El-Deeb, spoke about the decision of the United States of America to raise interest rates for the tenth time and the impact of the decision on Egypt and developing countries. Al-Deeb added, in exclusive statements to RT, that the Federal Reserve decided to raise interest rates by 0.25% to a range of 5.00%-5.25%, which is the highest level in 16 years, indicating that it is on its predetermined path despite the wave of bankruptcy that hits US banks, which leads to turmoil in the banking sector. and crashes in…

The exchange rate of the Russian ruble rose against major currencies today, Thursday, and the dollar traded below the level of 78 rubles, and the euro below 86 rubles, for the first time since last April 3. By 15:58 Moscow time, the dollar exchange rate had fallen by 1.25 kopecks (ruble = 100 kopecks) to 77.97 rubles. While the euro exchange rate fell by 1.77 rubles to 85.95 rubles, and the Chinese currency fell by 20 kopecks to 11.25 rubles, according to Moscow Stock Exchange data. This article was originally published by RT.

Oil prices rose, in trading today, Thursday, in light of the dollar’s decline and with investors’ assessment of the prospects for supply and demand, but global crude “Brent” is still below the level of $ 73 a barrel. And by 09:35 Moscow time, US crude futures rose by 0.36% to $68.85 a barrel, while Brent crude futures rose by 0.66% to $72.81 a barrel, according to Bloomberg agency data. Yesterday, oil prices fell by about 4% in light of economic concerns about demand, and US crude recorded the level of $68.60 per barrel, down by 4.3% from the settlement price.…

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…

Alexander Korchagin, First Deputy Director of the “Atom Stroy Export” company to manage nuclear power plant construction projects, spoke about the details of building the first nuclear plant in the history of Egypt.’ “I would like to say that a whole complex of complex organized activities is being carried out, starting from construction and installation work and ending with the production and supply of basic technological equipment. Currently, construction and installation work is being carried out in all four groups. The casting of the concrete foundation slab is being carried out in the first and second groups,” Korchagin said. While…

Economists warn that the recent collapse of the US bank “First Republic” is nothing but evidence of an approaching economic recession in the United States. Experts say that the flight of capital from accounts in US banks will lead to a banking crisis in the US economy. The economist, Alexander Nazarov, believes that the banking crisis in the United States will continue, and as an indication of that, he pointed to the decline in the shares of two American banks. The expert said in a post on his channel on the “Telegram” application today: “PacWest Bankcorp’s stock fell by more…

Unemployment Claims in the United States increased from 229K to 242K, beating expectations of 240K. The Labor Department said that jobless claims in the United States for the week ending April 29 amounted to 242,000, an increase of 13,000 compared to the previous week, indicating that the average was 239,250, an increase of 3,500 from the average for the previous week. The insured unemployment rate was 1.2% for the week ending April 22, which is 0.1 percentage point lower than the previous week. The insured unemployment rate was 1,805,000. While the moving average for 4 weeks was 1 million 828 thousand…

The European Central Bank decided in its meeting today, Thursday, to raise the base interest rate by 25 basis points from 3.5% to 3.75% annually, the highest level since 2008. The regulator said in a statement: “The Governing Council decided to raise the three main interest rates of the European Central Bank by 25 basis points. The interest rate on major refinancing operations and the interest rates on the margin credit line and the deposit line will be increased to 3.75%, 4% and 3.25%, respectively. As of May 10, 2023.” The European Central Bank also expressed its willingness to adjust…

Russian President Vladimir Putin considered today, Thursday, that the decline in Russia’s public debt is a good indicator, especially when compared to other countries, including developed countries. Putin said in a meeting with Russian Minister of Economic Development Maxim Reshetnikov on the current situation of the Russian economy: “14.9% in Russia (public debt-to-GDP ratio), in the United States the index is at 121.7%, in the euro area it is 90.9%, and in Germany it is 66.5%, In France, at 111.1%, our public debt is at a good level.” For his part, the Russian Minister of Economic Development indicated that by…