Evidence continues to mount that France and the Eurozone are facing a long period of recession. French economic output just contracted for the first time in 18 months, with Germany’s business activity plunging even deeper. The decline in output and demand has almost too many causes to list.
At six months into the unrest in Ukraine Europe’s energy import costs have now quadrupled. The costly conflict shows no sign of easing, as Brussels has abandoned diplomatic efforts with Moscow.
The current drought across the continent appears to be the worst in the last 500 years, hurting crop yields, sparking wildfires and increasing pessimism. That’s helped push the euro to its lowest level in 20 years - the euro is now worth less than the United States dollar.
Despite the increasing gloom last month the European Central Bank decided to raise interest rates for the first time in 11 years. That makes borrowing even more costly for businesses and individuals, and could spark mass layoffs, bankruptcies and home foreclosures.
Russian Foreign Ministry spokeswoman Maria Zakharova earlier said that the treaty provides for various forms of bilateral cooperation.
The comprehensive strategic partnership agreement between Russia and Iran has entered into force, Iranian Ambassador to Russia Kazem Jalali told Sputnik.
"It is already binding," Jalali said when asked about the date of entry into force of the agreement, as well as whether Iran had notified Russia of the completion of internal procedures.
He recalled that the treaty was ratified by both chambers of the Russian parliament, and Russian President Vladimir Putin signed it. At the same time, the document was ratified by the Iranian parliament, approved by the Guardian Council, and the president issued it as a law.
"Therefore, in both countries it currently has the form of a law and, naturally, has entered into force," Jalali said.
On January 17, Putin and his Iranian counterpart, Masoud Pezeshkian, met in Moscow to sign the Comprehensive Strategic ...
Defying the United States threats, ministers from more than 30 nations have packed Bogotá’s San Carlos Palace to charge the Israeli regime with genocide over its October 2023-present brutal military assault against the Gaza Strip.
The dramatic display of international solidarity saw dozens of high-ranking officials from across the globe convene inside the stately palace on Tuesday, determined to hold the regime accountable for, what they unequivocally called, a “war of genocide.”
The two-day emergency summit, organized under the auspices of The Hague Group -- a coalition co-chaired by Colombia and South Africa -- had representatives, ranging from such countries as Algeria and Brazil to Pakistan and Spain, in attendance.
The participants described the drive as a coordinated effort to stop the Israeli atrocities.
Behind closed doors, ministers and envoys, meanwhile, engaged in intensive sessions aimed at drafting collective measures to pressure the regime -- steps expected to be unveiled by ...
