Author: Steven Sahiounie

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…

An El Salvador government-linked organization has rubbished claims that the nation’s ambitious plans to build a haven for Bitcoiners have been shelved. Late last month, a number of Twitter-based individuals claimed that they had come across documentary evidence that the Ministry of Public Works had confirmed that the Bitcoin City project “does not exist.” They claimed that the ministry had “made it clear” that the project, as announced by President Nayib Bukele in 2022, was “only a publicity [stunt].” But Escape to El Salvador, an organization that claims to “assist expats in gaining residency and citizenship in El Salvador,” refuted these claims. The organization claimed: “There…

Europe’s banks are pulling back access to credit, and a key measure of inflation in the region has cooled, bolstering the case for the European Central Bank to ease off its aggressive campaign of interest rate hikes when it meets later this week. Inflation among the 20 countries that use the euro ticked up in April, rising to 7% last month from 6.9% in March, according to an initial estimate released Tuesday by the EU statistics agency. But core inflation, which strips out volatile food and energy prices, unexpectedly fell to 5.6% from 5.7% — sending a positive signal that inflation, while…

JPMorgan Chase CEO Jamie Dimon’s assertion that recent turmoil in the banking sector was effectively ended by the resolution of First Republic may be premature, one analyst suggested. The Wall Street giant won a weekend auction for the embattled regional lender after it was seized by the California Department of Financial Protection and Innovation, and will acquire nearly all of its deposits and a majority of assets. First Republic’s demise marked the third of its kind among midsized banks since the sudden collapse of Silicon Valley Bank and Signature Bank in early March. This triggered a global crisis of confidence that eventually pushed Swiss stalwart Credit…