Ceasefire order fails to halt fighting in Syria’s Druze heartland
Sweida, Syria - Syrian Bedouin and their allies fought Druze fighters in the community's Sweida heartland for a seventh day...
Geostrategy
Hamas armed wing says Israel blocking ceasefire and hostage release talks
The armed wing of the Palestinian militant group Hamas on Friday accused Israel of blocking a deal in talks for...
Geostrategy
Business
US says oil supply must shore up growth after OPEC+ cut
In a thinly veiled criticism of the OPEC's decision to cut supply, the US said that oil production must be...
- The United States had pressed OPEC+ to increase output to bring down energy prices that have fueled decades-high inflation
- The G7 group of industrialized powers, in a bid to curb Moscow's funding of its war in Ukraine, agreed Friday to move towards capping the price of Russian oil
Geostrategy
France raises Russian sanctions-busting with Turkey
Catherine Colonna met her Turkish counterpart Mevlut Cavusoglu before flying to Athens on Tuesday to address a new spike in...
- Official data show the value of Turkish exports to Russia between May and July growing by nearly 50 percent from last year's figure
- Erdogan has previously argued Ankara cannot join Western sanctions on Moscow because of Turkey's heavy dependence on Russian oil
Business
Despite sanctions, Russia energy exports vault to US$158bn
In spite of the Western sanctions, Russia has raked in some $158 billion in energy exports in the six months...
- While the EU has stopped purchases of Russian coal, it is only progressively banning Russian oil and it has not adopted any limits on the imports of natural gas
- The G7 countries, meanwhile, vowed Friday to push forward urgently to impose a price cap on Russian crude, a move that would deprive Russia of much of the revenue
Geostrategy
Iran hopes to see sanctions relaxed to export gas to Europe
Tehran, Iran - Iran said Monday it hopes to see US sanctions eased or lifted to allow it to sell...
- Iran is engaged in talks with world powers to revive its 2015 nuclear deal which the US unilaterally abandoned in 2018.
- Iran has the world's second largest natural gas reserves after Russia, but lacks the infrastructure to increase its exports.
Geostrategy
Israel admits ‘high possibility’ that IDF killed journalist Abu Akleh
"Our conclusion is that it's not possible to determine unequivocally which gunfire killed her, but there's a higher probability that...
- The acknowledgement comes after months in which the army insisted it was impossible to determine source of the deadly shot that killed her.
- Abu Akleh was wearing a bulletproof vest marked "Press" and a helmet when she was shot in the head during an Israeli army operation on May 11.
Economy
OPEC+ to cut oil production to prop up prices hit by recession fears
The move could irk the United States as it has pressed the group to increase output in order to bring...
- The group left the door open to holding talks prior to its next scheduled meeting on October 5 "to address market developments, if necessary".
- Saudi Energy Minister Prince Abdulaziz bin Salman says the decision demonstrated OPEC+ was ready to adjust production in both directions to achieve objectives.
Economy
Euro hits 20-year low against dollar amidst economic uncertainties
The euro fell 0.70 percent to 0.9884 dollars Monday at 0535 GMT, its lowest since December 2002. The European currency...
- Russian gas giant Gazprom said Friday the Nord Stream pipeline due to reopen at the weekend would remain shut indefinitely
- Resumption of deliveries via the pipeline which runs from near Saint Petersburg to Germany under the Baltic Sea, had been due to resume on Saturday
Economy
Cryptocurrency sceptics look to bend the ear of regulators
A number of governments have expressed concerns over cryptocurrencies, but those behind the first Crypto Policy Symposium say they hope...
- The conference comes as the price of bitcoin has plunged from a peak of nearly $69,000 last October to around $20,000
- Many central banks and financial market regulators have warned about the dangers posed by cryptocurrencies
Economy
Turkey”s inflation stays at 80% in boost to Erdogan
The strategically important developing nation lurched into its latest economic crisis when President Recep Tayyip Erdogan launched an unorthodox experiment...
- The TUIK state statistics agency said that consumer prices rose by 80.2 percent in August from a year earlier
- The figure was fractionally higher than the 79.6 percent reported in July and only a small bump up from the 78.6 percent reading in June
Geostrategy
Iran looks at Russian Sukhoi Su-35 jets to boost air force
Nearly a week after the US said Russia was receiving Iranian combat drones to be used in the Ukraine war,...
- The two countries have responded to the sanctions by boosting cooperation in key areas to help prop up their economies
- On August 9, Russia launched into orbit an Iranian satellite, with US media warning that Moscow could use it to boost surveillance of military targets in Ukraine
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Ceasefire order fails to halt fighting in Syria’s Druze heartland
Sweida, Syria - Syrian Bedouin and their allies fought Druze fighters in the community's Sweida heartland for a seventh day...
Geostrategy
Company News
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ASML profit soars to US$8.5bn
Business
Climate change is slowing heat waves, prolonging misery
While previous research has found climate change is causing heat waves to become longer, more frequent and more intense, the...
Economy
IMF approves US$820m as part of Egypt bailout
The IMF action, repeatedly postponed and eagerly awaited by the Egyptian government, arrives at a time of mounting difficulties for...
Economy
Most Read
Geostrategy
Israel’s Netanyahu approves new Gaza ceasefire talks
The go-ahead for a new round of talks on a Gaza ceasefire came a day after the world's top court...
- Talks on a Gaza ceasefire and hostage release will take place in Doha and Cairo
- Dozens of people were killed overnight, according to the health ministry in Gaza
Geostrategy
Turkey says Erdogan to meet Joe Biden at White House on May 9
Istanbul, Turkey - Turkish President Recep Tayyip Erdogan will meet with US counterpart Joe Biden at the White House on May...
- The Biden administration in January approved $23 billion in F-16 warplanes for Turkey swiftly after it ratified Sweden's stalled NATO membership bib
- Some analysts additionally linked Turkey's continued delays to Erdogan's anger at Washington for its support of how Israel is pursuing its war against Hamas
Business
Turkish Airlines restarts Libya flights after almost a decade
Istanbul, Turkey - Turkey's flagship carrier, Turkish Airlines, has resumed flights to Libya's capital, almost 10 years after they were suspended...
- The airlines's chief executive, Bilal Eksi, attended a ceremony at Mitiga International Airport on Thursday to mark its first flight to Libya since 2015.
- A company spokesman told AFP on Friday that Turkish Airlines will operate flights to Tripoli three times a week on Tuesdays, Thursdays and Sundays.