Author: Steven Sahiounie

Israeli media says the Israeli occupation police shot dead the gunman who carried out the operation. Israeli media reported that a man was killed and at least five others were injured in a ramming and shooting operation in “Tel Aviv”. The media said the Israeli occupation police shot dead the Palestinian who carried out the operation. In conjunction with the “Tel Aviv” operation, Israeli media circulated news of a new shooting attack against a settlers’ vehicle on 443 Street, west of Ramallah in the occupied West Bank. Following the operation, Palestinian Resistance factions vowed the continuation of the path of…

DOGE surged on April 3 after Elon Musk’s social-media company inexplicably removed its blue bird logo, replacing it with dogecoin’s mascot. Dogecoin (DOGE) dropped after Twitter stopped using the cryptocurrency’s mascot as its logo. It was recently down 7.3% to about 8.6 cents and got as low as 8.5 cents earlier in the aftermath of the change. DOGE surged as high as 10.5 cents on April 3 after Elon Musk’s social-media company inexplicably shifted to using dogecoin’s Shiba Inu as its logo instead of its iconic blue bird. This article was originally published by CoinDesk.

The U.S. jobs market continued to show signs of strength as the Bureau of Labor Statistics (BLS) reported the addition of 236,000 jobs in March versus economist forecasts for 239,000. Alongside, the BLS reported the unemployment rate dipping to 3.5% from 3.6% in February and against expectations for 3.6%. February’s gain of 311,000 jobs was revised higher to 326,000. The price of bitcoin (BTC) was steady at about $27,000 in the immediate aftermath of the report. This morning’s payrolls report is the final one the U.S. Federal Reserve will see prior to its May 2-3 meeting, at which the central…

The EU has not secured enough long-term contracts for liquefied natural gas (LNG) to replace discontinued pipeline supplies from Russia, and is facing the prospect of higher costs next winter due to rising demand in China, Reuters reported on Friday. The bloc managed to reduce its dependence on Russian energy last year by ramping up LNG imports to 121 million tons, which represented a 60% increase compared to 2021, according to the outlet. Much of this was bought by the EU on the spot market, where LNG prices are significantly higher than the costs negotiated under long-term contracts. According to…

Foreign companies in non-food retail that withdrew from Russia or halted operations in the country during the past year have missed out on roughly $2 billion in profits, business daily Kommersant reported on Thursday, citing consultants who assisted with the exit of several businesses. According to the news outlet, losses for companies that sold their Russian assets and quit the country entirely amounted to $1.3-1.5 billion. Among the biggest losers were Swedish furniture giant IKEA, which lost roughly $400 million, and clothing brand H&M, which lost some $363 million. Spanish clothing conglomerate Inditex, the owner of brands such as Zara,…

The influx of cheap Ukrainian grain has lowered prices and hurt sales for farmers in Eastern Europe Poland will temporarily halt imports of Ukrainian grain, in a bid to ease the impact of plummeting prices after cheap produce from the war-torn nation flooded Eastern European markets, Polish Agriculture Minister Robert Telus said on Friday. Kiev has “agreed to limit and for now halt exports to Poland,” Telus told reporters after meeting his Ukrainian counterpart, adding that “transit will be allowed but will be closely monitored in both countries, so that Ukraine’s grain doesn’t stay in Poland.” Telus took office on Thursday, a day…

The banking crisis has heightened risk of an economic downturn, the Wall Street bank claims The recent turmoil in the financial industry caused by the collapse of Silicon Valley Bank (SVB) has made a US recession more likely, JPMorgan Chase CEO Jamie Dimon has warned, noting that lenders are now tightening credit. “We are seeing people reduce lending a little bit, cut back a little bit and pull back a little bit,” Dimon said in an interview with CNN on Thursday. The tumult within the industry won’t necessarily invoke a recession, he said, but “it is recessionary.” Dimon’s comments follow his statement…

Consumer prices in Belgium have accelerated past 20% in annual terms, a report says Belgian consumer prices have continued to soar, jumping 20.6% in March from a year ago, according to a study by the country’s non-profit consumer organization Test Achats. The spike was mainly attributed to a surge in energy prices. “Our analysis is based on a basket of more than 3,000 basic products sold in supermarkets, for the stores of Albert Heijn, Carrefour, Colruyt, Cora, Delhaize, Aldi and Lidl. It shows that a two-person household spends an average of €521 [$570] per month at the supermarket, i.e. €89 more than…

Nationwide strikes have disrupted fuel supplies to petrol stations, the outlet reports Strikes at French oil refineries have triggered fuel shortages at petrol stations across the country amid continued protests against the government’s plan to raise the retirement age, Le Figaro reported on Friday. In recent days, industrial action by refinery workers has intensified, leading to supply disruptions as members of French unions stopped refineries and depots from delivering fuel, the outlet said. According to the latest data compiled by the news outlet, the Val-de-Marne department in Ile-de-France is the worst affected with nearly half (49.4%) of local petrol stations…

Cheaper imports are undercutting domestic agriculture prices, causing financial distress Thousands of Bulgarian and Romanian farmers blocked border crossings into Ukraine on Friday in protest against cheap Ukrainian grain that has been flooding their markets, Bulgarian National Radio reported on Friday. Brussels permitted duty-free agricultural imports from the war-torn nation last year to help Kiev reach its markets in Africa and the Middle East. However, much of the grain has been stuck in Eastern Europe. The National Association of Grain Producers started a four-hour protest in the Bulgarian towns of Ruse and Kardam. The rally has been coordinated with agricultural organizations…