Libya’s state-run oil company – National Oil Corp. (NOC) – has warned that it will shutdown oil production at all fields if the nation’s authorities fail to contain a rapid increase of attacks on its facilities, Bloomberg reported on Saturday. “If these incidents continue, National Oil Corp. will regrettably be forced to stop all operations … Continue reading
President Petro Poroshenko has held a phone conversation with President of the United States Barack Obama. The Head of State has expressed gratitude to the U.S. President for his personal support of Ukraine and a strong position demonstrated in the G7 statement. The interlocutors have discussed the situation in Donbas and expressed concerns over the … Continue reading
China’s 21st Century Maritime ‘Silk Road’ initiative has received backing and high praise from more than 50 states and international organizations and aims at bolstering the economic development of the Asia-Pacific. By Sputnik News China’s 21st Century Maritime ‘Silk Road’ project aimed at boosting the economic development of the Asia-Pacific region has received high praise from international experts. … Continue reading
China is poised to outstrip the US as the world’s largest retail market by 2018, with online purchases quickly replacing conventional shopping, according to PricewaterhouseCoopers (PwC). China’s retail market is expected to be worth $10.3 trillion by 2018, compared to the $5 trillion in sales projected for North America. The PwC report looks at the … Continue reading
Venezuela will announce a change of policy soon on gasoline, the finance minister said in an interview. By Sputnik News The move means that the OPEC nation is now going to raise its heavily subsidized gasoline prices, which are the lowest in the region, Reuters reports. One US dollar buys around five gallons of gas in Venezuela costing the government … Continue reading
By Yuriy Gorodnichenko, Gérard Roland, Edward W. Walker BERKELEY – If the world should have learned one thing from the recent months of tensions between Russia and the West, it is that Russian President Vladimir Putin’s strategic ambition and skill should never be underestimated. It is in this light that the West should view Putin’s recent … Continue reading
A federal prosecutor in Argentina – Gerardo Pollicita – has revived the late Alberto Nisman’s startling accusations with an indictment on Friday that seeks to charge President Cristina Fernández de Kirchner and other politicians with trying to cover up Iran’s involvement in the bombing of a Jewish community center in Buenos Aires in 1994. Pollicita looks to … Continue reading
By International Crisis Group Why Is the Postponement, and Nigeria’s Wider Electoral Challenges, Important for Africa? Nigeria is Africa’s most populous country (est. 178 million) and largest economy (GDP over $500 billion). The growing risk of instability could have profound security, humanitarian and economic implications. Furthermore, any subversion of the country’s democratic progress could dampen democratic developments … Continue reading
The accession process of India, Pakistan, and Iran to join the Shanghai Cooperation Organization (SCO) can start this year, the Russian Ambassador to China Andrey Denisov told the SCO Press Club on Tuesday, TASS reports. “Russia welcomed the expansion of the Shanghai Cooperation Organization. The main candidates are our partners from India, Pakistan and Iran,” … Continue reading