Author: Steven Sahiounie

Combined losses of wealthy promoters of digital currencies has reportedly totaled $110 billion Crypto billionaires have lost a combined $110 billion in the past twelve months, registering an enormous year-on-year decline of 75%, according to estimates by Forbes published earlier this week. In 2022 the magazine reported that the combined wealth of the world’s richest crypto holders totalled around $140 billion, but a year of fraud allegations, government lawsuits and probes, along with dropping asset valuations, sent their collective worth plummeting to less than $30 billion as of March 10, 2023. The steep decline in fortunes also sent the number…

Robust recovery after the Covid-19 pandemic remains “elusive,” Kristalina Georgieva has said The world economy is facing its weakest period of growth since the 1990s in the next five years due to problems triggered by the pandemic and political tensions, International Monetary Fund (IMF) Managing Director Kristalina Georgieva stated on Thursday. A severe slowdown in the global economy last year following the Covid-19 pandemic and the conflict in Ukraine is set to continue in 2023 and could persist for the next five years, she warned. Global GDP will grow at about 3% over the next half decade compared to an…

“The collective West is not inclined to recall the topic of US nuclear weapons, which are based in Europe, around our country” he said The West does not recall US nuclear weapons in Europe, but responds hysterically to Russia’s intentions to build storage facilities for such weapons in Belarus, Russian presidential spokesman Dmitry Peskov said in an interview with Rossiya 24 TV channel on Sunday. “The collective West is not inclined to recall the topic of US nuclear weapons, which are based in Europe, around our country, but in this case, they are inclined to this hysterical reaction to our…

The Israeli occupation authorities announced Sunday the closure of the Ibrahimi Mosque, in Hebron city in the west Bank in front of the Palestinian worshipers for two days. Director General of the Hebron Endowment, Nidal Al-Jabari, denounced in a statement to Wafa news agency, the closure of the Mosque, describing it as “a flagrant violation of the Mosque’s sanctity and a provocative attack on the Muslims’ right to access to the places of worship related to them. Al-Jabari called upon the international community and institutions engaged in cultural, heritage and religious affairs, on top of which the UN Educational and Scientific…

Kristalina Georgieva, Managing Director of the International Monetary Fund, said that the global economic system is in a weak position because of the world’s central banks’ attempts to fight inflation. Among the consequences, Georgieva mentioned primarily financial instability and slowing economic growth, but at the same time stressed that the world is not currently threatened by a repeat of the financial crisis that occurred in 2008. She added, “Currently, the financial system, banking and non-banking, is much cleaner, but this does not mean that weaknesses do not exist. We have warned over the past year that interest rates should not…

Hezbollah Secretary-General Sayyed Hassan Nasrallah meets with Hamas chief Ismail Haniyeh, and the leaders discussed the latest developments in occupied Palestine. Hezbollah Secretary-General Sayyed Hassan Nasrallah received on Saturday Hamas the chief of Hamas’s Political Bureau, Ismail Haniyeh, and his deputy, Saleh Al-Arouri, both of whom were heading a Hamas delegation. Sayyed Nasrallah discussed with the Hamas delegation the latest developments in occupied Palestine and the incidents that were taking place in Al-Aqsa Mosque, as well as the uptick in resistance in the occupied West Bank and the Gaza Strip, Hezbollah’s media relations office said in a statement. The parties…

Media reported that Indian refineries boosted diesel and jet fuel supplies to the European Union after Russian oil imports into the country hit record levels in the last fiscal year. This came according to what Reuters reported yesterday, citing preliminary ship tracking data from Kpler and Vortexa. She pointed out that the European Union uses India as a “backdoor” in light of the sharp increase in New Delhi’s imports of Russian oil after the Union banned crude from Russia. In the 2022-2023 fiscal year, Indian refineries bought between 970 and 981 thousand barrels of Russian oil per day, which represents more…

Saudi delegation arrives in Sanaa to discuss details of the final peace plan with member of the Supreme Political Council Mohammad Ali Al-Houthi on Sunday. A Saudi delegation traveled to Sanaa to meet with high-ranking officials from the Ansar Allah movement to discuss further details of the final ceasefire agreement and the end of the 8-year Saudi-led war on Yemen. The delegation arrived on Saturday evening and held talks with Mohammad Ali Al-Houthi, a senior member of Yemen’s Supreme Political Council and important figures of the National Salvation Government of Yemen. Pictures were circulated in Yemeni media outlets today, showing…

China called the maneuvers a warning to Taipei and “external forces” Beijing has simulated precision strikes on Taiwan during a combined military exercise around the island, Chinese state media reported on Sunday. The maneuvers, involving an aircraft carrier, were launched in response to Taiwanese President Tsai Ing-wen’s trip to the US. The Taiwanese Defense Ministry said nine naval vessels and 71 warplanes had been detected near the island as of Sunday morning. It added that 45 aircraft, including fighter jets, surveillance planes, and drones, crossed into the island’s air defense identification zone (ADIZ). Taiwan’s own patrol planes, as well as…

On this day in 1948, a couple of hundred armed Zionist militias from the pre-1948 Irgun and Stern gangs stormed the village of Deir Yassin, a few kilometers to the west of Jerusalem, and committed one of the earliest massacres that became standard practice for the newly-founded state of Israel. On April 9, 1948, Zionist gangs raided the village of Deir Yassin, killing at leasr 254 Palestinian civilians, mainly women, children and the elderly. There were documented cases of rape, mutilation and humiliation. The Deir Yassin massacre was led by Menachem Begin in his capacity as head of the Irgun…