Eyeing early release, prison inmates produce Bulgaria’s coveted dairy products
Smolyan, Bulgaria -- At a prison nestled deep in Bulgaria's southern Rhodope mountains, Georgi Filyanov stirs a large tank of...
Business
Musk creates America Party to challenge US’s ‘one-party system’
The world's richest person -- and Trump's biggest political donor in the 2024 election -- had a bitter falling out...
Geostrategy
Economy
Hunger crisis could swell already record global displacement: UN
Russia's war in Ukraine has pushed global displacement numbers above 100 million for the first time, and the UN warns...
- Russia's full-scale invasion of Ukraine, traditionally a breadbasket to the world, has sparked dramatic grain and fertilizer shortages
- The UN agency found that at the end of 2021, a record 27.1 million people were living as refugees, while the number of asylum seekers rose 11 percent to 4.6 million
Business
Ministers wrangle through night to salvage WTO deals
Ministers were frantically haggling through the night into Thursday at the World Trade Organization in a bid to salvage deals...
- The global trade body'S members added on an extra fifth day of talks to try to break the deadlock gripping the WTO headquarters in Geneva
- Ministers at WTO meeting are also discussing the possibility of imposing a temporary waiver on Covid-19 vaccine patents
Geostrategy
Venezuela President talks cooperation with Qatar emir
Venezuela's President Nicolas Maduro met Wednesday with Qatar's Emir Tamim bin Hamad Al-Thani in the gas-rich Gulf nation, his fifth...
- The talks focused in particular on "energy, the economy, investment, agriculture and tourism."
- Maduro visited Iran at the weekend where he signed a 20-year cooperation agreement with the Islamic republic
Geostrategy
UN chief says women ‘essential’ to peace talks in global conflicts
In many areas, men in power have actively worked to exclude women, said Guterres, citing Afghanistan, where "nearly 20 million...
- According to Guterres, less female representation in peace negotiation from Ukraine to Afghanistan shows that "patriarchy is failing us"
- He underlined the impact of what he termed "the recent shift away from inclusive politics," saying it "shows once again that misogyny and authoritarianism are mutually reinforcing
Geostrategy
Turkey to host meeting with UN, Russia, Ukraine for export of grains
Turkey is ready to host a four-way meeting with the United Nations, Russia, and Ukraine to organize the export of...
- Millions of tons of wheat are currently stuck in Ukrainian ports, either blockaded or occupied by Russian forces, and vessels face the danger of mines
- The UN Secretary-General's spokesman Stephane Dujarric said Ankara had an important role in resolving the situation which has raised the prospect of worldwide food shortages
Arts & Culture
Israeli maestro woos fans in off-limits Iran
Eliyahu's ethereal music, partly inspired by his Jewish roots from the Dagestan region of the Caucasus, is gaining recognition in...
- Eliyahu's ethereal music, partly inspired by his Jewish roots from the Dagestan region of the Caucasus, is gaining recognition in Israel
- Despite the bitter hostility between the Israeli government and Tehran, he also has a growing following among Iranians
Economy
Tunisia union demands salary hike on nationwide strike
Up to three million workers could observe the strike, shuttering 159 state agencies and public companies and bringing public transport,...
- Up to 3 million workers could observe the strike, shuttering 159 state agencies, public companies and bringing public transport to a halt
- In a statement on Wednesday, the UGTT union said workers would hold this strike to defend their economic and social rights
Economy
US Fed raises key interest rate by 0.75%, largest since 1994
The US Federal Reserve announced the most aggressive interest rate increase in nearly 30 years on Wednesday, and said it is...
- The Fed's policy-setting Federal Open Market Committee raised the benchmark borrowing rate to a range of 1.5-1.75 percent, up from zero at the start of the year
- Biden has endorsed the Fed's effort and is hoping for success as his Democrats face the possibility of losing control of Congress in key midterm elections in November
Economy
BoE set for fifth rate hike in row as inflation soars
The Bank of England is expected on Thursday to raise its key interest rate for a fifth straight time to...
- Some experts predict an even higher increase, mirroring aggressive rate-tightening by the Federal Reserve
- UK inflation stands at nine percent, the highest level in 40 years, and is forecast to keep rising
Business
Israel, Egypt to export gas to EU in its bid to cut Russian imports
Russia's war against Ukraine has exposed our European dependency on Russian fossil fuels, and we want to get rid of...
- The memorandum of understanding on gas exports between Egypt, Israel and the EU was signed at the East Mediterranean Gas Forum.
- Under a $15 billion deal in 2020, Israel already exports gas from an offshore field to Egypt, where it is liquefied and shipped to Europe.
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Eyeing early release, prison inmates produce Bulgaria’s coveted dairy products
Smolyan, Bulgaria -- At a prison nestled deep in Bulgaria's southern Rhodope mountains, Georgi Filyanov stirs a large tank of...
Business
Company News
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Muslim nations announce start of Ramadan in shadow of Gaza war
In Saudi Arabia, the start of the holy month had been cast into doubt after some of the kingdom's observatories...
Cryptocurrency Ether witnesses meteoric rise since launch
NEW YORK, US – Bitcoin has captured the limelight in recent weeks as it surged to a new record high, yet...
Business
Led by Elon Musk, Silicon Valley tech titans make rightward turn
Washington, United States -- Since his tumultuous takeover of Twitter, Elon Musk has made an unabashed turn to the right politically,...
Geostrategy
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Geostrategy
Netanyahu approach to Gaza war ‘hurting’ Israel, says Biden
With Gaza's humanitarian crisis growing more dire and Biden's left flank in uproar, the US president made contradictory remarks as...
- Israel's retaliatory operations in Gaza have killed more than 30,800 people,
- Biden was evasive Saturday on the possibility of a new trip to Israel
Geostrategy
Israel slams Canada, Sweden for resumption of UNRWA funding
Canada and Sweden announced over the weekend they were resuming funding for the cash-strapped UN agency, weeks after having suspended...
- Supporting UNRWA, which has been central to humanitarian efforts in the war-ravaged Gaza Strip, was a "serious mistake", the Israeli foreign ministry said in a statement
- The renewed aid, according to the Israeli statement, showed that Canada and Sweden had chosen "to ignore the involvement of UNRWA employees in terrorist activity
Business
Aramco profit down in 2023
The oil giant posted a 24.7% fall in net profit to US$121.25bn.
- Aramco said the decline reflects the impact of lower crude oil prices and lower volumes sold
- Saudi Arabia said last week it was extending its oil supply cuts of one million bpd through June