Author: Steven Sahiounie

Three people wounded, three apartment blocks and four household structures damaged The blast in the city of Kireyevsk in the Tula region was caused by an unmanned aerial vehicle, a spokesman for the local law enforcement agencies told TASS on Sunday. “The blast in the Tula region was caused by a tactical reconnaissance unmanned aerial vehicle,” he said. “The explosion in the city of Kireyevsk in the Tula region was caused by a Ukrainian Tu-141 Strizh unmanned aerial vehicle. The drone was stuffed with explosive substances,” the spokesman specified. According to the local emergencies call center, the blast occurred at…

The GCC calls on the US to assume its responsibilities in responding to all measures and statements that target the Palestinian people. The Gulf Cooperation Council (GCC) announced on Sunday that it had written to US Secretary of State Antony Blinken condemning controversial comments made by Israeli occupation Finance Minister Bezalel Smotrich, in which he denied the existence of the Palestinian people. In a letter to Blinken, the GCC called on Washington “to assume its responsibilities in responding to all measures and statements that target the Palestinian people.” The letter from the six-member GCC’s foreign ministers also called on the…

The price of Bitcoin (BTC) has been on the rise recently, rallying 3% from its recent bottom. As a result, many investors are wondering how high BTC can go in the current market.  In this article, we will explore the latest Bitcoin price prediction and analyze the factors that could potentially influence its value in the near future. However, the upward rally in BTC has been fueled by various factors, such as ongoing developments in the cryptocurrency sector and Bitcoin’s reputation as a safe-haven asset. It is worth noting that recent bank failures have caused people to lose confidence in traditional banks,…

Two weeks ago few people outside the tech industry had even heard of Silicon Valley Bank, the midsize California lender whose rapid implosion would end up shaking the foundations of the entire global financial system. But then, on the morning of Friday, March 10, after clients withdrew $42 billion in the span of a single day, state and federal regulators swooped in to try to salvage what remained of SVB. In the head-spinning hours that followed Silicon Valley Bank became a global household name, though hardly in a manner its founders would have hoped for: It was officially the second-largest bank failure…

German Chancellor Olaf Scholz’s assurance that “there is no reason to be concerned” fails to assure the financial market sending many European bank shares tumbling as the week comes to a close. Bank shares have tumbled, jolting stock markets as fears about the health of the financial sector resurfaced, with Deutsche Bank now in the eye of the storm. German lender Deutsche Bank’s shares nosedived by as much as 14 percent on Friday as the cost of insuring against the bank defaulting on its debt spiked. It closed 8.5 percent lower. Other big European banks also fell on Friday, including…

The IMF Managing Director Kristalina Georgieva says that 2023 would be another challenging year, with global growth slowing to below 3 percent due to scarring from the pandemic, the war in Ukraine and monetary tightening. International Monetary Fund chief Kristalina Georgieva has said that risks to financial stability have increased and called for continued vigilance although actions by advanced economies have calmed market stress. The IMF managing director reiterated on Sunday her view that 2023 would be another challenging year, with global growth slowing to below 3 percent due to scarring from the pandemic, the war in Ukraine and monetary…

A former John Lewis boss has said it would be a “tragedy” if the retailer changed its ownership model, which has been in staff hands for 70 years. Andy Street, managing director from 2007 to 2016, told the BBC’s Sunday with Laura Kuenssberg that John Lewis went beyond being a shop. The firm is considering selling a stake in its business, meaning it would no longer be fully owned by its employees. It comes after the retailer reported a £234m loss last year. His comments echo those from brand expert Mary Portas, who wrote an open letter to the partnership this…

Energy giant Ovo has launched its first deal for customers cheaper than the government’s cap on household bills. The firm will offer a fixed 12-month tariff of £2,275 for existing customers, at a time when the government is limiting typical household bills to £2,500. It comes as falling wholesale gas prices start feeding through to bills. One expert urged caution on Ovo’s deal, predicting there would be cheaper deals in the months to come. Ovo Energy, which provides power to more than four million homes, said it was launching the tariff because customers wanted “the security of a long term…

The UK is poorer than it would have been, partly due to the war in Ukraine, but also the pandemic, Levelling Up Secretary Michael Gove has admitted. But he said ministers were taking action on the soaring cost of living, including giving help on energy bills. The head of the independent forecaster, the Office for Budget Responsibility (OBR), said living standards were seeing their biggest squeeze on record. Richard Hughes said Brexit and poor productivity had also hurt growth. And he warned living standards would not return to pre-pandemic levels for at another five to six years. Asked whether he…

Interest rate hikes to battle inflation have created “stresses and vulnerabilities,” the fund’s head Kristalina Georgieva has said The world economy is headed for a difficult year, as the fallout from the recent banking crises and the formation of rival economic blocs triggered by the Ukraine conflict threaten to undermine global economic stability, the head of the International Monetary Fund (IMF), Kristalina Georgieva, said at the China Development Forum on Saturday. According to Georgieva, 2023 will be “challenging” and is likely to see global growth slowing to below 3% “as scarring from the pandemic, the war in Ukraine, and monetary tightening weigh…