Economics

Hungary’s Orban blames Brussels & its climate change policies for soaring EU gas prices

RT | October 8, 2021 The EU should withdraw its policies aimed at tackling climate change as they’re the reason for the record surge in energy prices on the continent in autumn, Viktor Orban, Hungarian Prime Minister, has said. Energy bills have been spiking for customers across Europe because of bad decisions made by “bureaucrats […]

The Fear Pandemic and the Crisis of Capitalism

Colin Todhunter In October 2019, in a speech at an International Monetary Fund conference, former Bank of England governor Mervyn King warned that the world was sleepwalking towards a fresh economic and financial crisis that would have devastating consequences for what he called the “democratic market system”. According to King, the global economy was stuck …

Palestinian factions call for cancellation of Oslo and adoption of national agenda

MEMO | October 7, 2021 Five Palestinian factions called on Wednesday for the cancellation of the Oslo Accords and the adoption of a national agenda agreed upon by their secretaries general in September last year, Sama has reported. According to the news agency, the five factions are the Democratic Front for the Liberation of Palestine, Islamic Jihad […]

Taliban, Iran conclude bilateral economic deals

MEMO | October 6, 2021 Afghanistan and Iran yesterday concluded “important” bilateral economic and trade agreements, a spokesman for the Taliban said. Zabihullah Mujahid, who is also acting deputy minister of information and culture in the interim Afghan government, said in a statement that a meeting was held between Afghan and Iranian officials “with the […]

The Real Eye Opener From the 3rd BRICS Summit

On September 9th, India’s Prime Minister Narendra Modi chaired the much-anticipated 3th BRICS Summit in virtual format. This iteration of the summit was carried out under the theme “Intra-BRICS cooperation for continuity, consolidation and consensus.” The heads of state of Brazil, Russia, India, China, and South Africa were on board discussing issues from Afghanistan to […]

Japan Stocking Fossil Fuels for Winter (part of global pattern)

By Vijay Jayaraj | Master Resource | October 5, 2021 Right in the midst of a global political effort to reduce fossil fuel consumption, Japan is set to increase its fossil fuel use and imports as an expected colder-than-normal winter approaches. The country’s meteorological department recently released its weather outlook for the upcoming winter, which expects […]

With much of Europe facing a worsening squeeze on gas supplies, the West is already looking to blame Russia

By Rachel Lloyd | RT | October 6, 2021 With gas prices rising dramatically across much of Western Europe, and a dip in its transit through Belarus and Ukraine to the EU, many commentators have pointed the finger once again at Russia, as the source for all their woes. For some, this is evidence that President […]

There’s a wide range of factors causing massively increased gas prices in Europe, but Russia is not one of them: Kremlin

By Jonny Tickle | RT | October 6, 2021 Russia has nothing to do with the rapidly rising gas prices in Europe, and the country is providing as much as it possibly can to the rest of the continent, the Kremlin said on Wednesday, amid accusations that Moscow is to blame. Speaking to journalists on […]

Lift Iran sanctions if you seek end to global energy crisis: Minister

Press TV – October 4, 2021 Iranian Oil Minister Javad Owji says removing sanctions from Iran’s hydrocarbon sector would be key to resolving a global energy crisis that has affected supplies in many Western countries. Owji said on Monday that people in the United States and some European countries have been paying the price for […]