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Reuters: CIMB alleges ‘suspicious’ Hontop Energy oil deals with BP
06
Jul
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Reuters: CIMB alleges ‘suspicious’ Hontop Energy oil deals with BP

PEJOURNAL - Singapore’s High Court has appointed an independent supervisor to oversee the restructuring of trader Hontop Energy. The move came after Malaysian lender CIMB, its biggest creditor, raised concerns about what it described as ‘suspicious’ deals involving oil major BP, according to an affidavit filed with the court this week and reviewed by Reuters. Hontop, the trading arm of Chinese independent refiner China Wanda Holding Group Co Ltd, is one of four commodity trading firms in Singapore which ran into financial trouble as the oil price crashed. CIMB is seeking repayment of $105 million it lent the company. In…
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Is Europe ready to face this new financial crisis?
06
Jul
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Is Europe ready to face this new financial crisis?

BY: Elena Lazzaro* , Luca Carelli* PEJOURNAL - The Covid-19 crisis has shaken the global economy putting many countries on their knees. Although this isnot the first pandemic in human history, Covid-19 presents a number of characteristics that make it a uniqueevent. First of all, much like with natural disasters, this virus comes from exogenous factors uncorrelated to countries’economies; however unlike these, it does not remain circumscribed to a specific area.Additionally, when comparing the current economic recession to that of 2007, it appears clear that the formerdoes not present a sheer financial nature; however, as in the case of the…
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Political Economy Journal: A book review on ‘The Room Where It Happened’; Bolton reveals what happened in the room
06
Jul
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Political Economy Journal: A book review on ‘The Room Where It Happened’; Bolton reveals what happened in the room

BY: Chaitra Arjunpuri* PEJOURNAL - “No one really knows how the game is played, the art of the trade, how the sausage gets made, we just assume that it happens, but no one else is in, the room where it happens.” (Lyrics in ‘Hamilton’) Lin-Manuel Miranda’s ‘Hamilton’ compares himself to Alexander Hamilton, founding father and first treasury secretary. In the Broadway smash, ‘Hamilton’, Aaron Burr, the antagonist laments his lack of nexus to power as opposed to the protagonist who is negotiating a compromise on the federal government’s assumption of the state debts. In the song, Burr complains, “I wanna be in…
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Threatening global stability and security through media propaganda around strikes at nuclear centres
05
Jul
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Threatening global stability and security through media propaganda around strikes at nuclear centres

BY: Political Economy Journal Team PEJOURNAL - This Thursday morning, an incident took place on the Iran’s nuclear facilities in Natanz, during which one of the huts under construction in the open area of ​​Natanz site was damaged. Following this incident, some Israeli media accounts immediately attributed the incident to Israel's destructive actions, same procedure which was followed by the Zionist regime's media sources regarding the explosion of the gas tank in Parchin area in Tehran, capital city of Iran, some days before. Regarding the Parchin incident, the relevant authorities released the full video from the location, provided the necessary…
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Iran’s National Security Council’s Spokesman: The cause for incident on Thursday morning in Natanz nuclear site has been determined
03
Jul
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Iran’s National Security Council’s Spokesman: The cause for incident on Thursday morning in Natanz nuclear site has been determined

Keyvan Khosravi, spokesman for the Secretariat of Iran’s the Supreme National Security Council, said: "Technical and security investigations, carried out by the relevant agencies, have accurately determined the cause of the accident at the Shahid Ahmadi Roshan Nuclear Complex in Natanz, which took place on the morning of Thursday, July 12." Referring to the presence and activity of experts from different departments responsible for evaluating and investigating the incident in Natanz nuclear site, started from the first hours of the incident, he noted: "Different hypotheses about the cause of this incident with careful analysis of the works, manner and extent…
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EU’S financial policies in post Covid era
02
Jul
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EU’S financial policies in post Covid era

BY: Stefano Grasso* PEJOURNAL - The coronavirus pandemic has been causing a very strong and very hard recession. Indeed, it has been impacting on people’s health, jobs and well-being.  According the latest projections of OECD the GDP of Euro area will decrease up to -9%. The global outlook is highly uncertain. The OECD’s outlook focuses two scenarios: one in which a second wave of infections, with renewed lock-downs, hits before the end of 2020, and one in which another major outbreak is avoided. In these weeks, in Germany and in Portugal, the Governments have limited some areas of their country…
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Political Economy Journal: American inefficient F-16 fighters sold to Iraq
01
Jul
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Political Economy Journal: American inefficient F-16 fighters sold to Iraq

 OEJOURNAL - According to reports, the Iraqi F-16 fleet is imminent following the withdrawal of US contractors from some military bases in Iraq. Also based on data released by Forbes magazine, the United States has pushed out several military bases in Iraq, and American contractors and technicians have left Al-Balad Air Base, the site of the Iraqi F-16 fighter jets. "Since the departure of American technicians, many of these fighters have been grounded, and a senior Iraqi official has said the Iraqi F-16 fighter jets are on the verge of destruction," the paper said. "In the current situation, Iraq is…
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Iran FM Zarif’s addressed UNSC ( Full Text ):
01
Jul
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Iran FM Zarif’s addressed UNSC ( Full Text ):

Mr. President, I wish to begin my statement with words Prime Minister Mosaddegh used in this Council 59 years ago. “The Security Council was established so that large and small nations alike might sit around the same table and cooperate for the maintenance of peace in accordance with the purposes and principles of the United Nations. The Council cannot perform its great task … unless big powers respect the principles which it was created to embody.” Two years later, he was overthrown in a CIA coup. Mr. President, If this Council falters again, it will be a generational setback for…
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Losers will show up on October 18 through a global match in Security Council
30
Jun
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Losers will show up on October 18 through a global match in Security Council

PEJOURNAL - The United States seeks to maintain Iran's arms embargo under the pretext of controlling Iran, and to invalidate Security Council Resolution 2231 as a binding document supporting JCPOA. Iran has also made the most progress in the field of design and production of modern and conventional weapons during the years of sanctions. Washington's real goal is to neutralize Resolution 2231 and to continue unilateralism to humiliate the international community, especially Russia, China and Europe. Europe's passive action in presenting the proposal of the recent anti-Iranian resolution at the Board of Governors meeting showed that Europe is still ready…
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Russian representative to the Security Council:
30
Jun
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Russian representative to the Security Council:

In Pompeo's remarks, at least I did not hear a word of cooperation or dialogue. We are following with concern the developments of the policy of maximum suffocation against Iran. The US goal is to change Iran regime or create a situation where Iran is literally unable to breathe. It's like putting your knee on someone's neck. This crisis has been caused by the United States.
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