The World Bank said on Friday it had temporarily paused payments to operations in Mali following a military coup, while the man expected to become the new prime minister warned sanctions would only complicate the country’s crisis.The World Bank’s actio…
Economy
Stuck Ship Thrusts Sleepy Suez Canal Village into Limelight
AMER, EGYPT – The sleepy farming village of Amer overlooks the Suez Canal, one of the world’s most important waterways. Last week, the village was suddenly thrust into the limelight after a massive container ship, the Ever Given, got stuck nearby.The c…
Suez Blockage Sets Shipping Rates Racing, Oil And Gas Tankers Diverted
Reeling from the blockage in the Suez Canal, shipping rates for oil product tankers have nearly doubled this week, and several vessels were diverted away from the vital waterway as a giant container ship remained wedged between both banks. The 400 met…
Worldwide Major Arms Sales Remain Flat but Middle East Increases Imports
International deliveries of arms were flat in the period from 2016 to 2020, ending more than a decade of increases, the Stockholm International Peace Research Institute (SIPRI) said in a report on Monday.The United States, France and Germany, three of …
Economic Development Committee Meeting Summary
The monthly meeting of the Economic Development Committee was held on Thursday, 25 February 2021.Enterprise St Helena (ESH) presented an overview of their progress and performance as at the end of January, during which they provided an update regarding…
In 1st Day on Job, New WTO Chief Pushes for Fisheries Deal
The new head of the World Trade Organization threw her support behind long-fruitless efforts among member countries to agree on fisheries subsidies that could reduce overfishing, calling the efforts a top priority as she took office on Monday. Director…