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Data reveals Germany has entered recession

25May

By Shoah - The Palestinian HolocaustNo Comments

Germany

Data reveals Germany has entered recession

Earlier estimates had predicted stagnation in the first quarter of this year 15 May 2023, Schleswig-Holstein, Lübeck: Volunteers unpack and sort food at a distribution point to then distribute it to those in need. © Christian Charisius/picture alliance via Getty Images Germany’s gross domestic product (GDP) has fallen for two consecutive quarters, figures released on Thursday by the Federal Statistical Office (Destatis) have shown, meaning that the country has entered recession. First-quarter output dropped 0.3% from the previous three months, after a 0.5% decrease between October and December, Destatis said, noting that its initial estimate, released last month, was for stagnation, or 0% growth. High inflation has persisted in what is Europe’s biggest econ...

EU wants to send profits from frozen Russian assets to Ukraine

25May

By Shoah - The Palestinian HolocaustNo Comments

Europe, Russia

EU wants to send profits from frozen Russian assets to Ukraine

The bloc is exploring “uncharted territory,” sources told the British outlet FILE PHOTO. © AFP / Pierre-Philippe Marcou European Union officials are considering whether to send Ukraine profits generated from Russian assets frozen within the bloc, the Financial Times has reported, citing people familiar with the discussions. EU member states and European Commission officials convened on Wednesday to examine how they might move funds held at Euroclear, the world’s largest settlement house, over to Ukraine, as Russian-owned assets there have accrued interest since they were first frozen. Targeted under an unprecedented Western sanctions campaign, the Russian assets stuck at Euroclear amount to €196.6 billion ($211.1 billion), the vast majority of whi...

Vladimir Kornilov: In Hiroshima, Zelensky proved he remains a ‘Servant of the People’

24May

By Shoah - The Palestinian HolocaustNo Comments

Ukraine

Vladimir Kornilov: In Hiroshima, Zelensky proved he remains a ‘Servant of the People’

Vladimir Kornilov: In Hiroshima, Zelensky proved he remains a ‘Servant of the People’ – but not the Ukrainian people A president elected on a promise to bring peace is offering his people as cannon fodder for external powers who are using them to fight a proxy war By Vladimir Kornilov, RIA Novosti Ukrainian President Volodomyr Zelensky leaves after receiving the International Charlemagne Prize at the town hall on May 14, 2023 in Aachen, Germany. © Sascha Schuermann/Getty Images Every May, Vladimir Zelensky makes a show of proving that he remains what Ukrainians elected him to be: a servant of the people. This is part of the comedian-turned-politician’s myth, borrowed from the eponymous TV show he fronted prior to seeking high office. On the an...

Fitch puts US credit rating on downgrade watch

24May

By Shoah - The Palestinian HolocaustNo Comments

USA

Fitch puts US credit rating on downgrade watch

The US government faces a default on its $31 trillion in debt if lawmakers fail to raise the federal borrowing limit. President Joe Biden meets with House Speaker Kevin McCarthy to discuss the debt limit, May 22, 2023 © AP / Alex Brandon The Fitch credit rating agency has warned that the US could soon lose its AAA score, saying Washington may be unable to pay its bills within a matter of days amid “debt ceiling brinkmanship” in Congress. The firm said it placed the United States on “Rating Watch Negative” on Wednesday night, pointing to the fast-approaching debt ceiling, which the Treasury Department says could be reached as soon as June 1. While Fitch noted that it expects lawmakers to strike a deal on the borrowing limi...

The G7 is an outdated tool of the US neo-empire

24May

By Shoah - The Palestinian HolocaustNo Comments

Japan, NATO, USA

The G7 is an outdated tool of the US neo-empire

Washington has co-opted both the winners and the losers of World War II into defending Western domination around the globe By Timur Fomenko, a political analyst President Joe Biden, left, shakes hands with Japan's Prime Minister Fumio Kishida prior to a bilateral meeting in Hiroshima, Japan, Thursday, May 18, 2023, ahead of the start of the G-7 Summit. © AP Photo/Susan Walsh The summit of G7 nations took place in Hiroshima, Japan over the last weekend. Hiroshima is significant for a few reasons. First of all, it is known to the world as the location that the United States nuked, along with Nagasaki, at the end of World War II, which led to the surrender of the Empire of Japan and that country’s transformation into a US client state. Secondly, Japan ...

EU to sanction opposition in applicant state

24May

By Shoah - The Palestinian HolocaustNo Comments

Europe

EU to sanction opposition in applicant state

Moldova has reportedly asked Brussels to go after several of its citizens FILE PHOTO: Moldovan President Maia Sandu and President of the European Commission Ursula von der Leyen, December 15, 2021. © Dursun Aydemir/Anadolu Agency via Getty Images The EU has prepared sanctions against several Moldovan nationals for allegedly plotting a pro-Russian coup, multiple media outlets reported on Wednesday. Two more are to be sanctioned for alleged anti-Ukrainian activity. EU foreign and security policy commissioner Josep Borrell put the list together on Monday, according to the US government-backed Radio Free Europe (RFE/RL). The sanctions require final approval on the ambassadorial level, but it will be a “matter of a few days” at most, the outlet repor...

Crimea referendum result was ‘legitimate’

24May

By Shoah - The Palestinian HolocaustNo Comments

France, Russia

Crimea referendum result was ‘legitimate’

The leader of France’s National Rally has stood by the position that got her blacklisted by Ukraine FILE PHOTO © AP / Laszlo Balogh The 2014 referendum accurately reflected the will of the people living in Crimea to join Russia, Marine Le Pen said on Wednesday, addressing an inquiry before the French National Assembly. “I fully support the referendum,” Le Pen told the lawmakers. “I think that Crimea's residents expressed their will freely by a vote, in order to reunite with Russia. I think that it was absolutely legitimate.” Le Pen explained that her position on the peninsula has consistently remained that it was Russian long before it was “given away” to Ukraine “at the whim of a dictator” for 60 years, in reference ...

US frustrated over Ukrainian attack in Russia

24May

By Shoah - The Palestinian HolocaustNo Comments

Russia, Ukraine, USA

US frustrated over Ukrainian attack in Russia

The White House has been “pretty darn clear” with Kiev about the use of US-supplied weapons, John Kirby has said FILE PHOTO © AP / Evan Vucci Washington has once again dismissed visual proof of US-supplied equipment used in this week’s attack by Ukrainian militants in Russia’s Belgorod Region as unconfirmed “reports” which require further investigation. President Joe Biden’s administration, however, has apparently acknowledged concern that Kiev might have broken its alleged pledge not to use American weaponry outside its own territory. White House National Security Council spokesman John Kirby showed some “frustration” over the attack during a press briefing on Wednesday, US media outlet Politico reported. He noted that the a...

Russia and Iran to increase use of own currencies in trade

24May

By Shoah - The Palestinian HolocaustNo Comments

Iran, Russia

Russia and Iran to increase use of own currencies in trade

The countries have been forging closer trade ties as both find themselves targeted by Western sanctions © Getty Images/Bloomberg Creative Photos Russia and Iran have reached an agreement to boost the use of their respective national currencies in settlements as a push toward de-dollarization gains momentum in bilateral economic relations, Iranian media reported on Wednesday. The head of Russia’s Central Bank Elvira Nabiullina has held a meeting with her Iranian counterpart Mohammad Reza Farzin as part of her visit to Tehran where the Asian Clearing Union (ACU) summit is taking place. “I had a good and productive meeting with my Russian colleague Elvira Nabiullina,” Farzin wrote on Twitter after the meeting, adding: “We both advocated a serious consensu...

24May

By Shoah - The Palestinian HolocaustNo Comments

Russia, Ukraine

We want to kill Putin

We want to kill Putin – Ukrainian deputy intelligence chief Vadim Skibitsky claimed to the media that the Russian president can feel Kiev’s operatives “getting closer to him” Vadim Skibitsky. © Vladimir Shtanko/Anadolu Agency/Getty Images Russian President Vladimir Putin is on Ukraine’s kill list, the deputy chief of the country’s intelligence agency has revealed. Vadim Skibitsky added that his subordinates are also hunting down top Russian military commanders. Speaking to Germany’s Die Welt media outlet on Wednesday, Skibitsky was asked whether his service is trying to assassinate the Russian head of state. The Ukrainian official replied by saying that President Putin “notices that we’re getting ever closer to him.” According to Skibitsky, the Ukrainian...