Author: Oliver Matthews

The Union of Shopping Centres (STTs) estimates that half of the country’s shopping centres are facing high debt burdens. Many have taken out loans with floating rates, which creates a risk of widespread bankruptcies. Marina Malakhatko, a senior director at the consulting firm CORE.XP, told the Russian media outlet Kommersant that at least 200 shopping malls will be at risk of bankruptcy in 2025. She said some owners are already looking to sell their assets. Debt servicing has become even tougher after Russia‘s Central Bank was forced to hike interest rates to 21 percent – the highest level in over 20 years. The…

The national football teams of Tajikistan and Pakistan have refused to play in friendly matches against Russia. A match against Tajikistan had been set to take place in December, but the federation declined, saying they already had matches booked for those dates. Pakistan has also cancelled an October game against Russia due to a lack of preparation time. However, the Pakistanis said they would play in December. When the full-scale invasion of Ukraine began, Russian teams were barred from competing in any FIFA or UEFA championships. As a result, the team has had to settle for friendly matches. The Russians…

Paris/Jakarta (24/7 – 28.57). “Coffee is the common man’s gold, and like gold, it brings to every person the feeling of luxury and nobility.” – Sheik-Abd-al-Kadir A friend recently opened a coffee shop is called after its owner, Muteeya. Though modest, it embodies the burgeoning coffee culture found in Paris, London, the US, and now Jakarta. The coffee is steaming hot, and soft tunes fill the air. Outside, rain pounds against the window, streaking down and forming small puddles on the street. As I gaze through the glass blurred by water, I take a sip of my warm coffee,…

China and Tajikistan on Friday announced the elevation of ties to comprehensive strategic partnership in the new era during Chinese President Xi Jinping’s ongoing state visit to Tajikistan, injecting new momentum and opening up a new chapter in bilateral ties and common development of the two countries. The visit, which saw Xi award Tajik President Emomali Rahmon the Friendship Medal of the People’s Republic of China and the issuing of a joint statement detailing the blueprint for bilateral cooperation, is seen as a landmark event, underscoring the high-quality development and the elevation of bilateral ties led by head-of-state diplomacy, analysts said. It showed that the…

Frankfurt, Paris (14/7 – 23) United States presidential candidate Donald Trump was shot while giving a speech in Pennsylvania, on Saturday (13/7) local time. Trump’s speech to his supporters in Butler City about illegal migration. Suddenly, a gunshot was heard and Trump immediately stopped talking. He covered his bleeding ears and sat behind the podium surrounded by Secret Service escorts. A few minutes later, officers evacuated Trump from the stage, and the former president’s right ear was covered in blood. The US presidential election is scheduled for November 2024. The main contestants expected on the ballot are Joe Biden and…

Europe’s new “Iron Lady”, Estonia’s Kaja Kallas, is one of the strongest voices for an uncompromising stand against belligerent Russia. Brussels (30 June – 28). Having grown up under the Soviet occupation of Estonia, Kaja Kallas was urging EU leaders to take the Russian threat seriously long before the invasion of Ukraine On Saturday, the Reform Party chose climate minister Kristen Michal to replace outgoing Kaja Kallas, who is the EU’s new High Representative for Foreign Affairs and Security Policy. The unanimous decision to nominate Michal was made following a closed-door meeting by the party’s governing board only two days after…

Kiev (8/6 – 17). The Ukrainian Ministry of Defense’s announcement about the personnel losses suffered by Moscow in May underscores the toll the conflict has taken on the Russian side. The reported figure of 38,940 personnel losses for Moscow as stated by the Ukrainian Ministry of Defense, indicates a significant escalation in the conflict’s intensity. Such a high monthly casualty count underscores the severity of the situation and the toll it’s taking on the Russian side. Ellie Cook’s report in Newsweek highlights a critical aspect of conflict reporting the difficulty in accurately determining battlefield casualties. Analysts often caution against…

As Victoria Nuland steps down, she gets real about a world on fire. Victoria Nuland has long been known as a relentless, even pugnacious, U.S. diplomat, with a strong belief in American power. The approach sometimes got her in trouble, but it rarely held her back. Nuland recently left the State Department after serving at its highest levels, first as the Biden administration’s undersecretary of State for political affairs, and, for several months, acting deputy secretary of State. She previously was a career diplomat who held an array of roles under presidents both Republican and Democratic; her first posting more than…

Brussels (50). Two years in the war of Russian aggression against the Ukraine the balance is grim. Let us take stock. Leadership. The EU model of command and control consist of an old grumpy old general, an Austrian, who nobody has heard before, taking a political control of a pretty large army based of a defeatist model. The question to pose is the General who often is compared with Franz Josef I. suitable for modern command? The likely answer is no. The European play wars. The Europeans appear to be out of the fight. NATO command is in contradiction with…

Russia may respond to any U.S. confiscation of its currency reserves frozen in the West by seizing the assets, including property and cash, of U.S. citizens and investors in Russia, Dmitry Medvedev, a senior security official, said on Saturday. The U.S. House of Representatives has passed a bill allowing the Biden administration to confiscate Russian assets held in American banks and transfer them to Ukraine, something the Kremlin has said would be illegal and trigger retaliation. In response to Russia’s war in Ukraine, the United States and its allies prohibited transactions with Russia’s central bank and finance ministry and blocked about…