Israel slashes Gaza fishing zone by 33% in retaliation for weekly protests

The offshore area where Gazans are allowed to fish has been reduced by Tel Aviv to six nautical miles, in retaliation to the violence during weekly border protests, amid heightening tensions between Israelis and Palestinians. Tightening Israel’s economic blockade of the Gaza Strip, Defense Minister Avigdor Lieberman ordered the reduction

Outrage on Twitter as Bannon appears at Economist fest, voices support for Orban & Salvini

New York activists have vented their anger at Steve Bannon, who appeared in a live debate set up by The Economist – a couple of weeks after the New Yorker abruptly withdrew his invitation to their own event. Sporadic protests broke out on Saturday at the Open Future festival as

‘Not a love affair’: Zarif says Iran to stay in nuclear deal as long as its oil sells

The landmark 2015 nuclear deal was “not a love affair but a compromise,” the Iranian foreign minister has said. Tehran will stay in the agreement even without the US – as long as its oil is bought and revenues are generated. “The agreement wasn’t a love affair but a reasonable

‘Just gold everywhere’: Australia gold rush heats up after 2 nuggets worth $11mn found 4 days apart

Miners in Western Australia have made what many believe to be two of the biggest gold nugget discoveries in recorded history, just four days apart. “You might go your whole life and you’ll never see anything like it. It’s definitely a once-in-a-lifetime discovery,” senior geologist Zaf Thanos said, as quoted by ABC

Putin, Orban to discuss energy during Hungarian PM’s visit to Moscow in September

Hungarian Prime Minister Viktor Orban will meet with Russian President Vladimir Putin in Moscow to discuss energy cooperation. Their meeting is set for September 18, the Kremlin said. Budapest has been a vocal critic of the Nord Stream 2 gas pipeline linking Russia and Germany, pointing out that it was hypocritical of

China will ‘resolutely respond’ to US – Beijing on trade war with Trump

If Washington continues to implement “unreasonable measures” against China, Beijing will hit back and “resolutely” respond, its Finance Minister said amid an escalating trade war between the two powers. “China doesn’t wish to engage in a trade war, but we will resolutely respond to the unreasonable measures taken by the

Can US shale stop a global oil supply crisis?

Despite an expected slowdown in Permian growth rates, the US shale patch is increasing production and will continue to do so this year and next. Oil market investors and analysts are currently very much focused on the demand side, with concerns over the potential of trade wars to curb oil

All’s fair in love and war: Trump’s trade wars analyzed on all fronts of global battlefield

President Donald Trump vowed to make America great again, pledging to pull the US out of each and every unfair trade agreement, and to even out the trade imbalance with each and every partner. Trump has shaken the foundations of global trade by breaking deals and imposing tariffs on friend

Crimea ditches Visa & MasterCard in favor of Russian national payment system

US payment systems Visa and MasterCard are no longer present on Russia’s Crimean Peninsula. The republic’s largest bank has finished the procedure of switching all plastic cards to Russia’s Mir payment system. “On August 14, the process of replacing Visa and MasterCard plastic cards in favour of the Mir payment

Turkey favors switching from dollars to national currencies in trade with Russia & China

Ankara has given a green light to Moscow’s proposal to switch to ruble-lira trade between the countries. Turkey also has similar plans for trade with China and other countries. “We are discussing the transition to national currencies not only with Russia and China, but also with other countries. It is