Author: Steven Sahiounie

Somali troops manage to neutralize all Al-Shabaab militants who took part in an attack on an army camp. The government forces of Somalia neutralized 14 militants of the Al-Qaeda-affiliated group Al-Shabaab, who tried to attack a Somali army base in the region of Bay, Mustaqbal Media news outlet reported on Saturday, citing sources. The engagement took place 4.3 miles south of the city of Baidoa, the report said, confirming that the Somali troops managed to neutralize all militants that took part in the attack on the army camp. In late January, 39 Al-Shabaab militants were killed by Somalia’s army in retaliation to an attack…

The sister of North Korea’s leader Kim Jong Un says Zelensky is gambling with the fate of his country and people with his nuclear ambitions that only serve his self interests. Kim Yo Jong, sister of North Korea’s leader Kim Jong Un, considered that the ambitions of Ukrainian President Volodymyr Zelensky to host American nuclear weapons in his country or produce his own arsenal of nuclear weapons is part of his “authorities’ sinister political plot.” Her comments came in response to an online petition published on Zenelsky’s website last Thursday calling to “deploy US nuclear weapons on Ukrainian territory or…

The Higher Follow-up Committee in the occupied Palestinian territories in 1948 condemns the cold-blooded execution of a 26-year-old Palestinian in Al-Aqsa Mosque. The Higher Follow-up Committee in the occupied Palestinian territories in 1948 announced a general strike to be held on Sunday to condemn the cold-blooded execution of Palestinian youth Mohammad Al-Osaibi, 26, at the hands of Israeli occupation forces in Al-Aqsa Mosque. On Friday evening, Israeli occupation forces opened fire at Al-Osaibi, from the town of Hura in Al-Naqab, at Bab Al-Silsilah, adjacent to Al-Aqsa Mosque. The occupation forces detained the martyr’s body in an unknown area. The Israeli occupation claimed…

Finland receives unanimous approval from NATO members after long months of tough negotiations and leaves behind its neighbor Sweden. Turkish President Recep Tayyip Erdogan issues a decree approving the parliament’s decision to accept Finland’s NATO accession bid, according to the decree published by the state’s Resmi Gazete on Saturday. “It was decided to consider the approval of the protocol of July 5, 2022, on Finland’s accession to NATO expedient,” the decree read. The Turkish parliament on Thursday unanimously backed Finland’s bid to join the US-led NATO alliance only two weeks after Turkish President Recep Tayyip Erdogan openly blessed the bid. Turkey’s ratification meant that…

There’s a corner of the market gaining traction among ETF investors, according to The ETF Store’s Nate Geraci. The firm’s president finds international ETFs are experiencing stronger inflows. “There is a little bit of performance chasing going on here, because broad international stocks have fairly significantly outperformed U.S. stocks since about the beginning of the fourth quarter of last year,” he told CNBC’s “ETF Edge” this week. “Investors are looking at that performance and perhaps reallocating there.” BofA Global Research’s latest market data out late this week appears to support Geraci’s thesis. It shows emerging markets are seeing strong inflows…

San Francisco Fed President Mary Daly, whose district saw the second-largest bank failure in U.S. history and who has become a target of criticism, would not have typically been a key player in Silicon Valley Bank’s supervision, several former and current Fed officials told CNBC. A highly centralized design to the Fed’s oversight of large banks such as SVB with assets over $100 billion put supervision under the staff and leadership of the Federal Reserve Board of Governors in Washington. Regional Fed presidents can be more or less involved in monitoring their biggest banks, these officials said, but the key…

As the cryptocurrency market continues to experience significant volatility, all eyes are on Bitcoin (BTC), the original digital asset, to determine its potential trajectory.  With the BTC bulls maintaining their grip on the crucial $28,000 support level, traders and investors alike are eager to see if the leading cryptocurrency can break through the highly anticipated $30,000 zone this weekend. Cryptocurrencies Feel the Heat: CFTC’s Binance Crackdown Sends Ripples Through the Market The cryptocurrency market has been facing mounting pressure as the US Commodity Futures Trading Commission (CFTC) intensifies its crackdown on Binance, one of the world’s largest and most popular cryptocurrency exchanges. …

The Iraqi Ministry of Oil announced the preliminary statistics of the exported quantities of crude oil and the revenues generated for the month of March The ministry revealed the total exports and revenues achieved for the month of March, according to preliminary statistics issued by the Iraqi Oil Marketing Company “SOMO”, where the total amount of exports of crude oil amounted to 100 million 913 thousand and 27 barrels, with revenues amounting to 7.404 billion dollars. The statistic indicated that the total exported quantities of crude oil for the month of March from the oil fields in central and southern…

After a stormy 2022, US stocks gained during the first quarter of 2023 in a surprise show of resilience despite a banking crisis, cryptocurrency meltdowns and uncertainty about what’s ahead for the economy. Still, nothing about the first quarter’s performance was linear. The broad-based S&P 500 seesawed throughout the quarter, ending January on a high note before tumbling in February, rising again in March and ultimately ending the quarter up about 7%. The tech-heavy Nasdaq made a remarkable resurgence, soaring nearly 17% in its best quarterly gain since the fourth quarter of 2020. That comes after a tough 2022 for tech stocks, as investors…

Britain has reached an agreement to join a major free trade bloc in the Pacific region. The country will become the first new member, and the first in Europe, to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) since it came into force in 2018. Although the government called the agreement its “biggest trade deal since Brexit,” its own estimates show that joining the CPTPP will increase UK economic output by less than 0.1% in the long run, or over approximately 15 years. “We are at our heart an open and free-trading nation, and this deal demonstrates the real economic benefits…