Section: Africa&ME
Oil supply forecast to shrink next year
Cheap oil prices have been massively affecting global markets, from countries’ budgets to world food prices. Now the oversupplied oil market is in for a rebalancing as non-OPEC producers like the US and Russia cut back. Oil production from non-OPEC countries is expected to plunge next year – perhaps the steepest decline since the Soviet...
Russia’s Putin welcomes Ukraine ceasefire
Both Ukrainian and rebel forces have blamed each other for repeated ceasefire breaches but both sides are now broadly respecting a new ceasefire that came into effect on Sept. 1. …read more Source: World...
Ukraine PM warns against lifting Russia sanctions
Ukraine’s prime minister warns Western governments against lifting sanctions on Russia. …read more Source:...
Russia to US: talk to us on Syria or risk “unintended incidents”
Residents ride a motorcycle past damaged buildings in a rebel-controlled area of Aleppo, Syria, on July 24, 2015. (REUTERS/Abdalrhman Ismail)Moscow and Washington, Reuters—Russia called on Friday for military-to-military cooperation with the United States to avert “unintended incidents” as it stages navy exercises off the coast of Syria, where US...
Countries eyeing NATO arms, troops playing with fire: Russian envoy
A senior Russian diplomat says NATO’s increasing military presence in the region is “like playing with fire.” “It should be no secret for our Western partners that any attempts to deploy any weapons potentially dangerous for Russia are like playing with fire,” Alexander Grushko, Russia’s permanent representative to NATO,...
Retailer M&S slows foreign expansion
British retailer Marks & Spencer is slowing its overseas expansion drive amid economic turbulence in China and Russia. ||| Brussels – British retailer Marks & Spencer is slowing its overseas expansion drive amid economic turbulence in priority markets China and Russia, its international boss told Reuters. Battling tough markets at...
Ukraine truce holding amid Russia threat: Poroshenko
KIEV: Ukrainian President Petro Poroshenko told an international conference on Friday that Russia remained a threat to the “entire democratic world” but that he held out hope a new truce with pro-Moscow insurgents would hold. The Western-backed leader told an audience of about a hundred global investors and top diplomats that they must press...
Berlusconi rubs shoulders with Putin in Crimea
YALTA: Former Italian prime minister Silvio Berlusconi rubbed shoulders with Russian President Vladimir Putin on Friday in Crimea, the most prominent Western politician to visit the Black Sea peninsula since Moscow annexed it from Ukraine last year. Western visitors have been rare since the annexation, which drove relations between Moscow and the...
Berlusconi, Putin meet in Crimea
Former Italian prime minister Silvio Berlusconi rubbed shoulders with Russian president Vladimir Putin at a Crimean war memorial. ||| Yalta – Former Italian prime minister Silvio Berlusconi rubbed shoulders with Russian President Vladimir Putin on Friday in Crimea, the most prominent Western politician to visit the Black Sea peninsula since...
Poroshenko says Ukraine truce holding despite Russia ‘threat’
Ukrainian President Petro Poroshenko told an international conference Sept. 11 that Russia remained a threat to the “entire democratic world” but that he held out hope a new truce with pro-Moscow insurgents would hold …read more Source: Hurriyet Daily...
