Author: Steven Sahiounie

CNN — It’s a huge bombshell with stunning revelations. Or is it? With the so-called “Twitter Files,” Elon Musk is openly engaged in a game of information warfare, one that is shining a spotlight on the fragmented and partisan state of the modern day media landscape. Led by Fox News, the right-wing media machine is treating the ongoing series of stories as if they were the next Pentagon Papers, breathlessly hyping each new batch of documents as earth-shattering scoops that illuminate horrific abuses of power by woke Twitter overlords of yesteryear. In that distorted universe, Musk is being hailed a hero…

The arrest came a day ahead of Sam Bankman-Fried’s scheduled appearance before US lawmakers on Tuesday, where he was planning to give testimony via a video link. Sam Bankman-Fried, who founded and led FTX until a liquidity crunch forced the cryptocurrency exchange to declare bankruptcy last month, was arrested Monday in The Bahamas after being criminally charged by US prosecutors. It marks a stunning fall from grace for the 30-year-old entrepreneur who rode a cryptocurrency boom to create one of the world’s largest cryptocurrency exchanges and a net worth that Forbes pegged a year ago at $26.5 billion. The exchange, launched…

The two countries will be testing a new payment mechanism using rupee settlements, New Delhi has saidIndia will start using the rupee in trade settlements with Russia starting next week, local media outlets reported on Monday, citing the head of the Federation of Indian Export Organizations (FIEO), Ajay Sahai.The two nations will be testing a new payment mechanism for the first time since it was approved by the State Bank of India, a state-owned commercial bank, in September.   The Indian government permitted the national currency to be used in international trade settlements last month in an effort to promote exports…

Ballooning global debt will cause a severe recession in the next two or three years, Jim Rogers saysThe world should brace for serious economic challenges in the next few years, according to legendary investor Jim Rogers, as cited by Sputnik news agency on Monday.When asked about his forecast for the year 2023, the creator of the Rogers International Commodity Index (RICI) and co-founder of the world-renowned Quantum Fund, replied “You should be worried.”According to Rogers, “there’s going to be a period of good, something will cause optimism to return.” He warned, however, that “After the optimism, you should be extremely worried…

December 12, 2022Analysts warn of more bankruptcies ahead amid the plunge in confidence in digital assetsInvestors have withdrawn a record amount of digital coins from global cryptocurrency exchanges amid fears over the safety of their assets following the bankruptcy of major exchange FTX, data from analytics firm Crypto Compare shows.According to the report, 91,363 bitcoin was pulled out of centralized exchanges such as Binance, Kraken, and Coinbase in November. The tokens were worth roughly $1.5 billion based on last month’s average price of around $16,400.“Bitcoin recorded the largest outflows from exchanges in its history… Since FTX, centralized exchanges have witnessed…

December 12, 2022Households stock up on wood amid worsening crisis, data from the country’s energy agency showsNatural gas prices in Austria surged by 119% in October compared to last year and rose by another 5.6% from September, according to a report distributed on Friday by the Austrian Energy Agency (AEA).The energy price index (EPI) calculated by the agency showed that year-on-year household energy prices jumped by 50.2% in October.The AEA also said that energy prices remained at a record level in October and were the main drivers of inflation, as fuel oil jumped by 94.5%, diesel rose by 48.6%, district…

December 12, 2022. Gazprom says it has increased its flow at China’s requestRussian energy giant Gazprom has increased gas supplies to China via the Power of Siberia pipeline and recorded a new daily maximum on December 7, the company wrote on its official Telegram channel on Thursday.Gazprom has boosted exports compared to what had been previously planned for December at the request of China, exceeding daily contractual obligations by 16.1%, the company said.Russia supplies gas to China via the Power of Siberia pipeline, a section of the so-called Eastern Route, under a bilateral long-term agreement between the two countries.The announcement…

Steven Sahiounie, journalist and political commentator Jana Majdi Zakarneh, a 16-year-old girl, was killed by Israeli forces as she was standing on the roof of her home in Jenin, in the Occupied West Bank of Palestine.  She was shot in the head, and others were wounded in the 10 pm raid on Sunday.  More than 50 Palestinian children have been killed by Israel to date in the occupied territories of the West Bank, East Jerusalem and the Gaza Strip. More than 215 Palestinians have been killed in 2022, including 17 women. The UN reported that 2022 is the deadliest year…

December 11, 2022Brussels is merely replacing one addiction with another, Dmitry Peskov saidThe determination of EU states to rid themselves of their reliance on Russian energy also makes them slow to acknowledge their inevitable dependence on the US, Kremlin spokesman Dmitry Peskov said on Sunday.By becoming so reliant on energy imports from the US, Brussels is effectively replacing one “addiction” with another, the spokesman said, ironically adding that in the second case “the return is much less.”“And now, when Europeans are spending billions of euros every day, these billions of dollars are being earned in Washington,” Peskov said in an interview…

UK Finance Minster Jeremy Hunt said in a BBC News interview on Monday, the economy is “likely to get worse before it gets better.” “i don’t know whether inflation has peaked or not,” Hunt said.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from…