Author: Steven Sahiounie

The European Parliament may veto any trade deal between the United Kingdom and the European Union that lacks strong safeguards in the field of fair competition, environment and workers’ rights, The Guardian reported on Wednesday, citing a leaked draft resolution that is expected to be put to a vote on Friday. According to the newspaper, the document calls on the UK government to “revise its negotiation position”, noting that ensuring a level playing field — common standards on environment, workers’ rights and state subsidies for companies — is the key condition for Brussels to accept a trade deal. Although EU’s chief…

As George Floyd’s brother addressed the US House Judiciary Committee hearing on Wednesday, pleading to end “the pain” of injustice, the US President, who recently suggested that Floyd was “looking down” happy at the fallen unemployment rate in the country, took to Twitter with a concern of his own. Donald Trump tweeted yet again, this time to comment on the broadcast of the hearing at the House of Representatives Judiciary Committee on racial inequality and policing. Mr. Trump lashed out against Fox News for taking the hearing off air “prior to important witness statements.” The Judiciary Committee was addressed by…

Last week, the OPEC+* group of nations led by Saudi Arabia and Russia tentatively agreed to extend oil production cuts for another month, in what was preceded by a climb in black gold prices. Wednesday saw a drop in oil prices amid a report by the American Petroleum Institute (API) which indicated an increase in crude and fuel inventories in the US. Earlier in the day, the benchmark Brent crude futures LCOc nosedived 57 cents, or 1.4%, to cost $40.61 a barrel after gaining almost 1% on Tuesday. West Texas Intermediate (WTI) futures, in turn, plummeted by 68 cents, or 1.8%, to…

Despite the Organization of the Petroleum Exporting Countries (OPEC) and allied oil producers, known as OPEC+, agreeing to extend historic production cuts by one month, there could still be challenges ahead for the energy market. During their virtual meeting on Saturday, the 23 key global oil exporters decided to continue slashing their combined output by 9.7 million barrels per day (bpd) – roughly 10 percent of global production – through July instead of easing the curbs as planned. According to initial plan signed in April to boost crude prices, the restrictions were set to drop to 7.7 million bpd in…

app that delivers the latest headlines to you.RTLIVE searchMenu mobile facebooktwitteryoutubeinstagram HomeBusiness News Russia to buy $1.5 billion worth of pipes to develop Arctic projects & pump gas to China 7 Jun, 2020 14:39 FILE PHOTO © Gazprom Follow RT onRussia’s energy major Gazprom has announced a record tender to purchase almost 100 billion rubles worth of pipes ($1.5 billion) for its natural gas projects, including the Power of Siberia mega pipeline. Deliveries are expected to start this year and continue till the end of 2022, according to the data published on state trading platforms. They will be overseen by…

The Libyan National Army (LNA) announced on Saturday that their air defense forces shot down two Turkish unmanned aerial vehicles (UAV) near the port-city of Sirte. According to the Libyan National Army’s official Facebook page, their forces shot down two Turkish drones that were aiding the Government of National Accord (GNA) forces in the Al-Washaka area, west of Sirte. For its part, the Military Information Division of the National Army pointed out that “the army thwarted the attempt by the Turkish-backed reconciliation forces and mercenaries to storm the city of Sirte, earlier in the day.” They said that “the army…

On Saturday, the Turkish-backed Government of National Accord (GNA) forces launched a big offensive to capture the port-city of Sirte and several towns nearby. Backed by Turkish drones, the GNA forces scored a quick advance to start off the offensive, as their troops reportedly captured several areas and entered the city of Sirte. However, hours later, the Libyan National Army (LNA) announced that they had managed to drive back the GNA forces, posting a video of their troops in control of the areas that were previously reported as lost. The LNA said their troops killed and wounded several members of…

The U.S. and its western allies are forming a new anti-China alliance to combat the Asian nation’s influence throughout the world. According to Sputnik, the new group, the Inter-Parliamentary Alliance on China, consists of eight countries from across the world, including three U.N. Security Council members. The report said the group will be comprised of the United Kingdom, the United States, Canada, Japan, Norway, Sweden, Germany, and the rest of the European Union. In a statement, the group said that it aims to, “construct appropriate and coordinated responses, and to help craft a proactive and strategic response on issues related…

Iran’s Islamic Revolutionary Guard Corps (IRGC) announced on Sunday that the Tabas and Mersad systems have been able to destroy air targets with complete success. According to the Tasnim Agency, the air defense exercises between the Islamic Revolutionary Guard units and the army of the Islamic Republic of Iran continued, pointing out that the”surface-to-air missiles struck the enemy’s virtual targets and were completely destroyed.” The Revolutionary Guard’s mid-range TPS missile system also tested its readiness during the maneuvers by launching missiles towards targets, which destroyed the enemy’s virtual targets. Spokesman for the “Wilayat 97” maneuvers, Admiral Sayyid Mahmoud Mousavi, confirmed…

A U.S. Navy Poseidon P-8A anti-submarine warplane was spotted conducting reconnaissance flights near the Hmeimim Airbase near the Syrian coast. According to the Interfax Agency, the American plane took off from the Sigonella Airbase in Sicily, and flew towards the Syrian coast at an altitude of 6,000 meters and about 40 kilometers west of Hmeimim Airbase. The U.S. military aircraft later turned around and returned to the Sigonella Airbase in Sicily. It is noteworthy to mention that American anti-submarine planes are conducting periodic flights over the eastern Mediterranean waters, and are approaching the two Russian bases in Syria. The Russian…