Author: Steven Sahiounie

The agreement is valued at between $1 billion and $1.2 billion. The United Arab Emirates’ ADNOC Gas announced on Monday a $1 billion deal to provide liquefied natural gas to France’s TotalEnergies as Europe seeks to find alternatives to Russian energy sources. In a statement, ADNOC Gas indicated that the liquefied natural gas (LNG) provided under the three-year supply deal “will be delivered to various export markets around the world.” The agreement is valued at between $1 billion and $1.2 billion, the statement highlighted, without elaborating on the quantities involved. The deal was signed with TotalEnergies Gas and Power Limited,…

The ministry expressed its indignation at the lack of any probe into the incident Moscow intends to press on with its efforts to identify and punish all those responsible for the 2014 Odessa tragedy, the Russian Foreign Ministry said on its Telegram channel on Tuesday. “May 2 marks the 9th anniversary of the tragic events in Odessa, which culminated in the chilling murders at the Trade Unions House. On that day [nine years ago], radical Ukrainian nationalists deliberately set fire to the building where those opposed to the new government were hiding. As a result, 48 people were burned alive,…

The banking giant announced the buyout after it won an auction to acquire First Republic over the weekend. Moments after the announcement that JPMorgan Chase acquired First Republic Bank was made, JPMorgan Chase CEO and billionaire Jamie Dimon told analysts that the present banking crisis was over.  “There are only so many banks that were offsides this way,” Dimon told analysts in a call after the acquisition was announced on Monday. “There may be another smaller one, but this pretty much resolves them all,” Dimon said. “This part of the crisis is over.” The banking giant announced the buyout after it won an auction…

Trade unions in France have renewed their intention for mass demonstrations against the French President. A day after hundreds of thousands protested Macron’s pension reform bill, French trade unions said on Tuesday that they will organize further large-scale rallies against the divisive reforms next month. The 14th day of demonstrations will take place on June 6, according to the unions, days before parliamentarians discuss a measure that would overturn the retirement rules that Macron’s ministers pushed through without a vote. On Labor Day, hundreds of thousands of people gathered in France to protest President Emmanuel Macron’s pension reform, with unions pledging to…

BP’s colossal profits have caused the revival of a debate on the implementation of a tougher windfall tax on the profits of oil companies. $5 billion is the sum that British Petroleum outrageously made in profits for this year’s first quarter, exceeding projections by far as it rode the highly competitive wave of oil and gas trading along with rivals Exxon Mobil and Chevron. After tax documents showed BP recorded its best start to the year, Britons had a lot to say in response to these numbers. The Guardian reports that the oil giant’s profits have been called “heinous” as people renewed…

Iran’s Government Spokesman Ali Bahadori Jahromi described as strategic the visit of President Ebrahim Raisi to Syria expected on Wednesday. “The main target of the visit focuses on the economic domains,” IRNA press quoted Jahromi as saying in a press conference. He added the two countries had a successful cooperation in different fields like security, combating terrorism and they can stand side by side during Syria reconstruction process. President of Iran Ebrahim Raisi is going to pay a two-day official visit to Syria on Wednesday heading a high-ranking political and economic ministerial delegation. Source: SANA

This counts as the seventh truce after the previous six truces were violated and the third week of chaos has sparked a mass exodus of tens of thousands of Sudanese to neighboring countries including Egypt, Chad, and the Central African Republic. According to the Ministry of Foreign Affairs of South Sudan, a truce was agreed upon from May 4 to May 11 on Tuesday by the leaders of the Sudanese military and the Rapid Support Forces (RSF). In a social media post, the ministry said: “The two principals, H.E. Gen. Abdel Fatah Al Burhan, the Chairman of the Sovereign Council…

Economists anticipate runaway prices to continue to hurt Europe and the United States throughout 2023. Despite declines in headline rates of inflation in the first few months of the year, the majority of chief economists at the World Economic Forum (WEF) anticipate runaway prices to continue to hurt Europe and the United States throughout 2023, according to a WEF report released on Tuesday.  According to the report, “Headline rates have begun to ease, but core inflation is stickier than anticipated and shows signs of picking up. The pressure on many households remains acute, and more than three-quarters of respondents expect the cost of living…

The Russian president thanked all Russian regions for providing support to the country’s new constituent members, as well as construction workers, engineers and people in various spheres taking part in restoration efforts Everything is in place to foster the socio-economic development of the new regions, Russian President Vladimir Putin said on Tuesday. Addressing a ceremony in Mariupol in the Donetsk People’s Republic (DPR) by video link, the head of state wanted some hard details about the program, “so that people could see the potential.” “I have no doubt that through joint efforts the outlined tasks will definitely be accomplished. We…

Five Palestinians Tuesday evening sustained injuries as Israeli missiles slammed an area to the east of Beit Hanoun town in the northern besieged Gaza Strip, according to WAFA correspondents. They said that five Palestinians were rushed to Beit Hanoun Hospital, suffering shrapnel wounds from Israeli missiles. Meanwhile, the army fired several artillery shells into two sites, east of Gaza city and east of Khan Younis in the southern besieged enclave. Earlier today, Israeli tank shelling targeted two sites east of Gaza city, causing extensive material damage to them and their surrounding area. Tank shelling also slammed into a site to…