Author: Steven Sahiounie

Steven Sahiounie, journalist and political commentator Once again, China steps on to the global diplomatic stage, in the absence of US involvement, and brokered a ground-breaking agreement between rival factions in Palestine. Following the March 2023 reconciliation between Middle East powerhouse Saudi Arabia and Iran signed in China, now we have the “Beijing Declaration” between Hamas and Fatah signed on July 23. The agreement calls for a national unity government to govern Gaza jointly after the end of the current conflict which began on October 7, 2023 after Hamas attacked Israel, which resulted in the deaths of 1,197 people. Hamas…

The European Union’s High Representative Josep Borrell today renewed his call for an immediate ceasefire and guaranteeing humanitarian access in the war-torn Gaza Strip. “We call for an immediate ceasefire,” he said as he participated in the EU-ASEAN Post-Ministerial Conference in Vientiane in Laos. “Several ASEAN members expressed strong condemnation on what is happening in Gaza. As I repeatedly said: a horror doesn’t justify another,” he added. He stressed the need “to work together with ASEAN countries to support a political 2-state solution for lasting and sustainable peace.” He also stressed that “the EU is the main supporter of the Palestinian Authority.”…

Israel should stop building settlements on the occupied Palestinian land, as the situation in the West Bank is on the verge of a large-scale explosion, Russian Permanent Representative to the UN Vasily Nebenzya said. “We call on the Israeli authorities to abide by international humanitarian law and shoulder full responsibility for the population under occupation. First of all, we talk about commitments to provide food supply, medical care, public order and security,” he said during a UN Security Council meeting on the humanitarian situation in Gaza. “It is also necessary to stop the construction of settlements in the occupied Palestinian…

Italian Foreign Minister Antonio Tajani announced on Friday that Italy will appoint an ambassador to Syria, becoming the first G7 nation to reestablish a diplomatic mission in Damascus. The top diplomat said that his Ministry has done so to “turn a spotlight” on the country amid an ongoing crisis that has driven thousands of Syrians away. Tajani further told Reuters that Stefano Ravagnan, the current special envoy for Syria in the foreign ministry, has been appointed as ambassador and will assume his new position shortly. This comes against the backdrop of a recent letter sent to EU Foreign Policy chief Josep Borrell,…

Australia, New Zealand, and Canada have called for an immediate ceasefire in the Gaza Strip and urged “Israel” to adhere to the International Court of Justice’s ruling against its illegal occupation and settlements over Palestinian territories. On Friday, the leaders of Australia, Canada, and New Zealand issued a statement saying, “The protection of civilians is paramount and a requirement under international humanitarian law. Palestinian civilians cannot be made to pay the price of defeating Hamas. It must end.” They stressed that “Israel” must heed concerns relayed by the international community. The leaders further urged the occupation to prosecute extremist Israeli…

The Bank of Russia has upgraded its outlook on growth of retail and corporate lending for 2024, keeping mortgage lending outlook intact, according to the regulator’s updated mid-term forecast.

In October 2022, Russian President Vladimir Putin proposed establishing such a hub in Turkey to where the lost gas transit flows through the Nord Stream pipeline could be redirected

Inflation has accelerated and is developing significantly above the Bank of Russia’s April forecast, the regulator said

US economic growth blew past expectations in the second quarter, boosted by consumer spending and inventory building despite high interest rates

LONDON – The Bank of England’s first interest rate cut since 2020 hangs in the balance next week, with greater uncertainty than usual as key policymakers have not spoken publicly for more than two months due to rules in the run-up to July 4’s election.