Thursday, April 26, 2018

Houthi arms bonanza came from Saleh, not Iran

Claims Iran is supplying the Houthis with weapons ignore the fact the group was already flush with American arms from ex-president Saleh. As the Saudi bombing campaign against Houthi targets in Yemen continues, notwithstanding a temporary pause, the corporate media narrative about the conflict in Yemen is organised decisively around...

China becomes world’s top crude buyer despite economy stuttering

China imported 7.4 mln bpd in April, U.S. about 7.2 mln bpd Commercial, strategic stockpiling keeps China's demand high China is already world's biggest energy, raw material importer SINGAPORE, May 11 (Reuters) - China overtook the United States as the world's top importer of crude oil for the first time in April,...

Venezuela receives $5 Billion funding from China

Cash-strapped Venezuela has received $5 billion in financing from China, President Nicolas Maduro announced Sunday as his country struggles with an economic crisis. "We just received $5 billion more in financing for development," Maduro said in a radio and television address. He did not provide further details on the loan from...

Russian company begins oil prospecting off Syrian coast

Russian state-controlled energy group SoyuzNefteGaz has started operations off the Syrian coast amid a rapid military build-up by Moscow in the war-torn country. Russian oil and gas company SoyuzNefteGaz has begun oil prospecting operations in Latakia on the western coast of Syria, a source has told al-Araby al-Jadeed’s Arabic service. The...

AF, NATO quiet on expanding Turkey Incirlik’s role in Inherent Resolve

The head of U.S. European Command is mum on negotiations to base search and rescue crews at an Air Force base in Turkey following pushback from Ankara. Turkey has refused to let U.S. forces fly airstrikes and combat search and rescue out of Incirlik Air Base, forcing the U.S. to...

Turmoil in Hong Kong, Terrorism in Xinjiang: America’s Covert War on China

China is facing increasing pressure along two fronts. In its western province of Xinjiang, terrorists have been stepping up destabilization and separatist activities. In China’s southeast Special Administrative Region of Hong Kong, protests have disrupted normality in the dense urban streets, with protest leaders seeking to directly confront Beijing while...

U.S. Pursued Secret Contacts With Assad Regime for Years

Effort to limit violence and get president to relinquish power failed. The Obama administration pursued secret communications with elements of Syria’s regime over several years in a failed attempt to limit violence and get President Bashar al-Assad to relinquish power, according to U.S. and Arab officials. Early on, the U.S. looked...
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Global Conflict and the Geopolitics of US-China Relations: Michel Chossudovsky

With reports emerging that China has signed on to Russia’s military coalition in Syria at the same time that the Chinese are signing new cooperation agreements with the US, the question is once again being raised: What is the nature of China-US rivalry? Michel Chossudovsky talks about the forces in...

EU turns to Iran as alternative to Russian gas

The European Union is quietly increasing the urgency of a plan to import natural gas from Iran, as relations with Tehran thaw, while those with top gas supplier Russia grow colder. Two "ifs" - the removal of sanctions on Iran and the addition of some pipeline infrastructure - are not...

Elizabeth Warren Steps Into the F.I.R.E. of Wall Street Corruption

Increasingly it feels to Americans that the bulk of the news about scams to separate them from their life savings is coming from one Senator from Massachusetts — Elizabeth Warren. Ripoffs in financial services, insurance, and real estate – known as F.I.R.E. on Wall Street – are being exposed by...

U.S. finalizes $30 billion weapons deal with Saudi Arabia

White House says agreement – under which 84 F-15 fighter jets will be sold to the kingdom, will help U.S. economy and strengthen regional security. The U.S has finalized the sale of F-15 fighter Jets to Saudi Arabia in a deal worth 30 billion dollars, Principal Deputy Press Secretary Joshua...

China’s Shadow Banking Grinds To A Halt As Bad Debt Surges Most In A...

It is probably not a coincidence that just as we learn that "China’s bad loans jumped by the most since 2005 in the third quarter, fueling concern that a cooling economy will be further weakened as banks limit lending to avoid credit risks" that we also learn that in...

Jordan agrees deal for Russia to build nuclear plant

The $10bn power plant in energy-poor Jordan is scheduled to be completed in 2023. Jordan said Tuesday it has signed a framework agreement with Russia for the construction of the first nuclear power plant in the kingdom at a cost of $10bn. The deal was signed by Khaled Tukan, head of the Jordan Atomic Enegry Commission,...

America’s Biggest Weapons Sale Of 2014 Is To A Country With Fewer Than 300,000...

Qatar is purchasing $11 billion in Patriot missile batteries and Apache attack helicopters from the United States, according to AFP. It's the largest single sale of U.S. weaponry in 2014, and it's to a country with only 278,000 citizens (and about 1.5 million expatriates). With this purchase, Qatar might be swapping...

WikiLeaks Publishes More Documents Revealing Saudi Connection Against Syria And United States

According to documents leaked by WikiLeaks, a secret treaty among Qatar, Turkey and Saudi Arabia shows they intended to overthrow the Syrian government. The revelation came from Julian Assange, the founder of the controversial website. Assange claimed to a Russian TV channel Sunday that the secret deal had been signed...

ISIS Oil Trade Full Frontal: Raqqa’s Rockefellers, Bilal Erdogan, KRG Crude, And The Israel...

"Effectively, we have been financially discriminated against for a long time. By early 2014, when we did not receive the budget, we decided we need to start thinking about independent oil sales” -- Ashti Hawrami, Kurdistan’s minister for natural resources In June of 2014, the SCF Altai (an oil tanker)...

Turkey agrees LNG import deal with Qatar

Botas of Turkey reportedly signed a memorandum of understanding regarding imports of liquefied natural gas from Qatar on a long-term basis. The deal was agreed during Turkey’s president Recep Tayyip Erdogan’s meeting with Qatar’s Emir Sheikh Tamim bin Hamad Al Sani. According to local reports, the memorandum of understanding is the...

2012 DIA document: West will facilitate rise of Islamic State in order to isolate...

On Monday, May 18, the conservative government watchdog group Judicial Watch published a selection of formerly classified documents obtained from the U.S. Department of Defense and State Department through a federal lawsuit. While initial mainstream media reporting is focused on the White House’s handling of the Benghazi consulate attack, a...

US Delivers 3,000 Tons Of Weapons And Ammo To Al-Qaeda and Co in Syria

The United States via its Central Intelligence Agency is still delivering thousands of tons of additional weapons to al-Qaeda and others in Syria. The British military information service Janes found the transport solicitation for the shipment on the US government website FedBizOps.gov. Janes writes: The FBO has released two solicitations in recent months looking for shipping...

U.S. urges allies to think twice before joining China-led Asian Infrastructure Investment Bank

(Reuters) - The United States urged countries on Tuesday to think twice about signing up to a new China-led Asian development bank that Washington sees as a rival to the World Bank, after Germany, France and Italy followed Britain in saying they would join. The concerted move by U.S. allies...

As Russia’s Stock Market Soars, Ukraine Stuck In ‘Frozen Conflict’

I can hear it now: nice going FORBES, valuing money over people’s lives. A disclaimer: this is the investment channel. And that means crisis is looked at through the lens of economic pain and gain, not who is a better president: Poroshenko or Putin, nor the history of Crimea...

Eastern Europe is boosting military budgets, but US is still the big spender

Russia, Latvia, Lithuania and Poland are planning dramatic increases to arms spending, but they remain vulnerable to economic pressures, says thinktank. Russia and its Nato neighbours in the Baltic have agreed dramatic increases in their military budgets, in marked contrast to countries that are further west and away from potential conflict...

Manufacturing Dissent: The Anti-globalization Movement is Funded by the Corporate Elites

This article was first published in 2010. The author’s introductory quote was first formulated in 2001 in the context of the Summit of the Americas in Quebec City which was held a few months before 9/11. “Everything the Foundation did could be regarded as “making the World safe for...

Yemen foes square off as fears of war, Saudi-Iran rivalry grow

(Reuters) - Yemen's top factions are squaring off for battle after months of skirmishes, turning respectively to neighboring Saudi Arabia and its regional rival Iran for help in what may become all-out war. With President Abd-Rabbu Mansour Hadi seeking a comeback from the port city of Aden while the Shi'ite...

Arab Nations to Form Military Force to Counter Iran and Islamist Extremists

CAIRO — The Arab states said on Sunday that they had agreed to form a combined military force to counter both Iranian influence and Islamist extremism, a gesture many analysts attributed in large part to their drive for more independence from Washington. The agreement came as American and other Western...

The IMF just approved the Chinese yuan as a major world currency

What comes next is political. Monday afternoon, the International Monetary Fund’s (IMF) Executive Board voted in favor of allowing China’s currency — the yuan (or renminbi) — to join the ranks of the world’s most elite monies. On Oct. 1, 2016, the yuan will officially be added to the IMF’s Special...

Turkish military says MIT shipped weapons to al-Qaeda

Secret official documents about the searching of three trucks belonging to Turkey's national intelligence service (MIT) have been leaked online, once again corroborating suspicions that Ankara has not been playing a clean game in Syria. According to the authenticated documents, the trucks were found to be transporting missiles, mortars...

Arctic Nightmares

If Sarah Palin were president, we’d know just what it was: a drill-baby-drill administration. Of course, there’s no mama grizzly in the White House, yet these last years have been a grizzly tale of the expansion of American oil and natural gas exploration and drilling from the fracking fields...

The IMF Changes its Rules to Isolate China and Russia

The nightmare scenario of U.S. geopolitical strategists seems to be coming true: foreign economic independence from U.S. control. Instead of privatizing and neoliberalizing the world under U.S.-centered financial planning and ownership, the Russian and Chinese governments are investing in neighboring economies on terms that cement Eurasian economic integration on...

Sale of U.S. Arms Fuels the Wars of Arab States

WASHINGTON — To wage war in Yemen, Saudi Arabia is using F-15 fighter jets bought from Boeing. Pilots from the United Arab Emirates are flying Lockheed Martin’s F-16 to bomb both Yemen and Syria. Soon, the Emirates are expected to complete a deal with General Atomics for a fleet...

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