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Germany warns of industry shutdown if Russian gas stops flowing in the year 2024

10:51 14.06.2023

Germany warns of industry shutdown if Russian gas stops flowing in the year 2024

Russia-Ukraine agreement for gas transit towards Europe due to expire next year, and the direct negotiations between Ukraine and Russia on the extension of the transit contract look highly implausible in the current environment, notes Bloomberg. Germany may be forced to wind down or even switch off industrial capacity if …

Global nuclear weapons spending

10:48 14.06.2023

Global nuclear weapons spending

The U.S. has deployed about 150 nuclear shells at air bases in Europe without any official statements. This was reported by Alicia Sanders-Sacre, policy and research coordinator of the International Campaign to Abolish Nuclear Weapons (ICAN), at a briefing by the Association of Correspondents to the United Nations (ACANU). Sanders-Zacre …

Palestine is ripe for Chinese mediation

10:47 14.06.2023

Palestine is ripe for Chinese mediation

The US Secretary of State Antony Blinken drew a blank in Riyadh in his mission to coax Saudi Arabia to grant diplomatic recognition to Israel and resuscitate the moribund Abraham Accord. The Saudi stance is unwavering: a two-state solution to Palestine problem first; normalisation with Israel can only come after …

China: Russian soybeans – in, American soybeans - out

10:46 14.06.2023

China: Russian soybeans – in, American soybeans - out

A shipment of 271.6 tons of Russian soybean arrived at Manzhouli Port in North China's Inner Mongolia Autonomous Region, the first of its kind since the launch of the New Land Grain Corridor, which connects China with the Eurasian Union countries including Russia. The soybean imports from Russia are not …

The US military-industrial complex has used think tanks to hijack EU policy making

10:27 13.06.2023

The US military-industrial complex has used think tanks to hijack EU policy making

Clare Daly – an Irish MEP – similarly stated recently in the EU Parliament that “the paranoid imaginations of the security sector think tanks that parade here day after day” are able to dictate policies based on the “flimsiest of evidence”. NGOs have long been used as an instrument to …

Lula's call for South American unity

10:26 13.06.2023

Lula's call for South American unity

During a South American leaders' summit hosted by Brazil's President Luiz Inacio Lula da Silva as part of his efforts to unite the region's development and give it a stronger voice internationally, Lula urged South America's 12 countries to overcome ideological differences that have divided the region and join efforts …

Ukraine plays “Light Brigade” with British advice

10:24 13.06.2023

Ukraine plays “Light Brigade” with British advice

The Ukrainian high command’s principle military advice has come from British officers embedded at headquarters in Kyiv, stresses “Asia Times”. American and European military observers in Ukraine described the Ukraine Army’s efforts of the past two days as a “suicide mission” that violated the basic rules of military tactics. “If …

The Russian-Chinese military ties “serve as a powerful counterbalance to the US’ hegemonic actions” in North-East Asia

10:23 13.06.2023

The Russian-Chinese military ties “serve as a powerful counterbalance to the US’ hegemonic actions” in North-East Asia

The power dynamic in North-East Asia is undergoing a dramatic change against the backdrop of the “no limits” strategic partnership between China and Russia, notes M.K. Bhadrakumar, Indian Ambassador and prominent international observer. The collapse of Kyiv’s counteroffensive” and abject defeat in the war with Russia may compel Biden administration …

The efforts to isolate Russia exposed instead the isolation of the G7

9:32 12.06.2023

The efforts to isolate Russia exposed instead the isolation of the G7

The year 2020 marked parity between the total GDP of the G7 (the U.S. plus allies) and the total GDP of the BRICS group (China plus allies). Since then, the BRICS economies grew faster than the G7 economies, writes Richard Wolff, an author of ‘Capitalism Hits the Fan’ and ‘Capitalism’s …

‘Forbs’: The EU was created to serve the economic growth but now it is more of an extension of the policy platforms

9:31 12.06.2023

‘Forbs’: The EU was created to serve the economic growth but now it is more of an extension of the policy platforms

The Eurozone is in a technical recession, with first quarter GDP at -0.1%. It could be worse. The Russian war in Ukraine has packed a wallop on Europe with food prices rising and energy scarcity leading to closed factories and steel mills. But the worst-case scenarios for markets never played …

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