TAG: Africa
Expensive fuel and million dollar missiles: Counting the cost of the Red Sea crisis
The combat reports from Western navies operating in the Red Sea in recent days read like missives fr...
8 months ago
The Gaza war is escalating. How bad will the Middle East crisis get?
On October 7, Hamas fighters launched a bloody attack against Israel, using paragliders, speedboats...
8 months ago
Belgium’s renowned chocolatiers grapple with soaring cocoa prices
BRUSSELS — You famously never know what you’re going to get when you open a box of chocolates. But for Belgium, a state that’s synonymous with the high-end confectionery, soaring cocoa prices are making life for the nation’s chocolate aficionados even mor...
6 months ago
How China ended up financing the Houthis’ Red Sea attacks
China is unwittingly helping Iran choke off ship traffic in the Red Sea, impairing global trade flows and damaging Beijing’s own interests in the process, Western intelligence officials say.China’s illicit purchases of Iranian oil are indirectly financing...
6 months ago
Ukrainians are still waiting for Abramovich’s billions
LONDON — More than £2 billion was promised to Ukrainian war victims thanks to the forced sale of Chelsea Football Club.It was to be the largest nongovernmental aid package Europe had ever seen, but nearly two years on and not a penny from the record-break...
6 months ago
Italy can do without Russian gas, says energy minister
ROME — Italy has emancipated itself from Russian natural gas and would have no problem with a proposed package of EU sanctions on liquified natural gas (LNG) that the European Commission is considering, Italian Energy Minister Gilberto Pichetto Fratin sai...
5 months ago
‘Blood minerals’: EU accused of fueling conflict with Rwanda deal
Europe’s hunger for minerals for its electric cars and microchips is sparking accusations that it is inflaming conflict in eastern Congo, one of the world’s worst humanitarian crises that has killed 6 million people over recent decades.The outrage was pro...
2 months ago
Europe’s southerners want Brussels to save them from climate change
ATHENS — They make an odd couple: a Harvard-educated Greek conservative and a Spanish eco-socialist.But Kyriakos Mitsotakis and Teresa Ribera are united by a concern which is driving a wedge between Europe’s climate-hit south and the less-affected north.T...
2 months ago
Why your coffee got so damn expensive
Life used to be so simple. And cheap.Remember the good old days when you could pop into your local café for an espresso for just €1? Italians do. In Rome or Milan or Naples, the morning ritual would see workers hurry into their neighborhood bar and gulp d...
2 months ago
Doubling India-Africa trade by 2030, more economic integration in focus: Govt
India will focus on doubling India-Africa trade by 2030 while also laying stress on more economic integration, government representatives said at the India Africa Business Conclave organised by Confederation of Indian Industry (CII) in New Delhi on Augus...
1 month ago
Norway: Oil producers cannot be allowed to derail plastic treaty
Norway, the European Union and other countries across Africa, the Pacific Islands and South America say they won't stand for oil-rich countries frustrating efforts to reach a global treaty to fight plastic pollution — and plan to heap pressure on these “v...
2 weeks ago
World fails first review of COP renewable energy goal
BRUSSELS — Reaching the landmark renewable energy targets agreed at last year’s global climate summit will remain a distant dream unless the world invests more than $30 trillion over the next six years. That’s the stark warning the International Renewable...
2 days ago
Global money laundering body to consider blacklisting Russia
BRUSSELS — The Financial Action Task Force (FATF), the intergovernmental organization that leads the fight against money laundering and terrorism financing, will decide whether to put Russia on its blacklist next week, according to a confidential document...
14 hours ago