Author: James Carter

James Carter is a renowned American jazz saxophonist, born on January 3, 1969, in Detroit, Michigan. He grew up in a family of musicians, with his father being a saxophonist and his mother a classical clarinetist. Carter started playing the saxophone at the age of 11 and quickly developed a deep passion for jazz music.

Russia’s Foreign Minister Sergei Lavrov, on a diplomatic offensive in Egypt has rejected the claims that Moscow was the cause of the world’s food crisis. In a talk to Arab League ambassadors in Cairo in Egypt, he stated that Western nations were distorted by the reality about the effects of sanctions on food security. He was accused of Western countries of trying establish their power over others. A large portion part of Arab world as well as Africa is severely affected by the shortage of grain due to Russia’s war in Ukraine. Mr. Lavrov will later go to visit 3…

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A one of the members in Viktor Orban’s Inner Circle quit after the Hungarian prime minister made a statement in opposition to the idea of the idea of “peoples of mixed race”. Zsuzsa Hegedus who has been acquainted with the nationalist Ms. Orban for more than 20 years has described the speech as an “pure Nazi text”, according to Hungarian media. The International Auschwitz Committee of Holocaust survivors has called the speech “stupid and dangerous”. A spokesperson for the president said that journalists had misrepresented his remarks. The speech was held on the weekend in a part of Romania that…

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US House of Representatives Speaker Nancy Pelosi’s rumored plans for an excursion to Taiwan has angered China and has left China and the White House with a serious geopolitical snag. What is the magnitude of this? China is warning about “serious consequences” if Mrs Pelosi would continue her trip. Second in the line of presidency The second in line to the presidency is Mrs. Pelosi is the highest-ranking US politician to visit the island since 1997. This is a source of irritation for China who sees the self-ruled Taiwan as a separate province that should be made a part of China. Beijing…

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Bangladesh has requested the approval of a $4.5 billion cash loan through the International Monetary Fund, the Daily Star newspaper published on Tuesday. It is being the 15th country of South Asia to seek such assistance amid pressures on the regional economies. The South Asian nation has experienced prolonged blackouts over the past few weeks, with some lasting as long as 13 hours per day as utilities struggle to get enough gas and diesel to satisfy demand. A swathe of mosques throughout the country have been asked to limit the use of air conditioners in order to alleviate pressure on the power…

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The Hong Kowloon’s Hang Seng Tech index dropped on Monday, as the major indexes across Asia-Pacific dropped. The Hang Seng index in Hong Kong decreased 0.22 percent to close at 20,562.94 in the morning, while that of the Hang Seng Tech index lost 1.38 percent. The Financial Times reported over the weekend that China plans to divide U.S.-listed Chinese companies into three groups based on the degree of sensitivity of data they have. The new system is designed to stop American regulators from removing Chinese firms by bringing certain companies into compliance with U.S. rules, the FT said, citing sources…

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Although U.S. refiners are set to report profit increases by more than 600% in the first quarter, and world refineries are also making revenue, the sudden drop in consumption and prices of gasoline in the last two weeks may be reversed in the near future.After averaging 60 cents per barrel during June the U.S. 321 crack spread on gasoline decreased in the last week, to $37.57 per barrel according to Reuters and the EIA noting that, while refineries increased production in June to make the most of the large crack spread, demand for gasoline declined in April. The demand for…

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Copper prices saw the first week of gains in the last two weeks since they began May and the price could rise further when the USD continues to soften. But copper prices are down by nearly 10% in the month of August is getting closer. Copper prices fell by around 20% between April and June, the biggest decline in the past 10 years. Market participants became down on the metal, since global economic data across United States, Europe and Asia have deteriorated over the course of that period. Are copper prices just overvalued at these levels? If so, is there a chance for…

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Crude oil began the week with a positive outlook prior to this Wednesday’s Federal Reserve meeting this Wednesday and the market is anticipating that they’ll raise rates by 75 basis points (bps). The rhetoric of the Fed to stop the negative effects of inflation is expected to result in recession. The focus of the debate is the possibility of recession as well as its size and extent. This kind of decline in one of the biggest economy will normally cause crude to drop in price due to decreasing demand. Due to supply-side limitations, WTI has remained relatively robust, and that is the problem…

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Taiwan began its biggest annual military exercises on Monday, featuring military drills that included trench warfare, as well as shoulder-launched Stinger missiles deploying against simulated Chinese attacks in drills influenced of Russia’s Russian attack on Ukraine. Democratic Taiwan is constantly under threat of being taken over by China who see Taiwan as a an integral part of China’s territory and can be seized by force should it be necessary. The Russia-led attack on Ukraine has raised the possibility that Beijing could follow suit with threats to annexe its smaller and more powerful neighbor. The five days “Han Kuang” (Han Glory)…

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Iran said on Monday it will not be rushed into a “quick” deal reviving its faltering 2015 nuclear accord with world powers, as negotiations remain deadlocked. “They demand that Iran makes a quick decision, (insisting that) time is limited and Iran must respond quickly,” foreign ministry spokesman Nasser Kanani said at his weekly news conference, referring to Western parties to the nuclear deal. Kanani said the Islamic republic will “not sacrifice the country’s fundamental interests… with a rushed process”. It was being put under “psychological pressure and unilateral expectations”, he said. But “if the US acts constructively and positively, an…

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