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Russian Foreign Minister Sergey Lavrov on Tuesday downplayed US President Donald Trump's threat to impose 100 per cent tariffs on Russia and its trading partners, asserting that Moscow is well equipped to withstand additional sanctions. -snip- "We would like to understand what is behind this statement after about 50 days. Earlier, there were also deadlines of 24 hours and 100 days; we’ve seen it all and really would like to understand the motivation of the US president," he said. Lavrov also said the SCO countries have reiterated their commitment to Iran’s legitimate right to peaceful uses of nuclear energy. "We...

The world needs now “to prepare for the regime [in China] to lash out without warning,” according to China expert Gordon Chang in a report at the Gatestone Institute, where he is distinguished senior fellow and a member of the organization’s advisory board. He cited “rumors” that Xi Jinping is losing control and will lose both his Communist Party and Chinese government posts in the next few months – as well as those who say “little or nothing is out of place and Xi is fine.” “Whatever the truth,” he said, now is the time when Xi may “have reason...

US President Donald Trump’s fresh tariff threat for Russia’s allies has not gone down well with China, with the latter hitting out at America’s ‘coercion’ tactics. China has expressed strong disapproval on Tuesday regarding the United States' pressure tactics, following President Donald Trump's warning of "very severe" tariffs against Russia's remaining trade partners if the Ukraine conflict remains unresolved within 50 days. "China firmly opposes all illegal unilateral sanctions and long-arm jurisdiction. There are no winners in a tariff war, and coercion and pressure will not solve problems," Chinese foreign ministry spokesman Lin Jian has said according to an AFP...

More news about the de-dollarization of the US Dollar and the movement away from the SWIFT system by the BRICS+ countries.

Gunmen attacked the United States embassy building in Lebanon on Wednesday morning, according to statements from the U.S. government and the Lebanese army. “At 8:34 a.m. local time, small arms fire was reported in the vicinity of the entrance to the U.S. Embassy. Thanks to the quick reaction of the LAF [Lebanon Armed Forces], ISF [Israel Security Forces], and our Embassy security team, our facility and our team are safe. Investigations are underway and we are in close contact with host country law enforcement,” the embassy said in a statement on X. At 8:34 a.m. local time, small arms fire...

NEW YORK – The US banking system is broken. That doesn’t portend more high-profile failures like Credit Suisse. The central banks will keep moribund institutions on life support. But the era of dollar-based reserves and floating exchange rates that began on August 15, 1971, when the US severed the link between the dollar and gold, is coming to an end. The pain will be transferred from the banks to the real economy, which will starve for credit. And the geopolitical consequences will be enormous. The seize-up of dollar credit will accelerate the shift to a multipolar reserve system, with advantage...