IMF confirms increasing Egypt’s bailout loan to $8 billion – Times of India
[ad_1] CAIRO: The executive board of the International Monetary Fund confirmed a deal with Egypt to increase its bailout loan from $3 billion to $8 billion, in a move that…
Impact of Red Sea crisis on trade will be seen in FY25, says think tank
[ad_1] New Delhi: The Red Sea crisis has become a major threat to global trade and its impact on trade volumes will become visible in FY25, according to a report…
US, UK intensify airstrikes targeting Houthis in Yemen
[ad_1] As reported by Reuters, this marks the latest in a series of military operations against the Iran-backed group, which has been implicated in ongoing attacks on shipping in the…
Why many ships are displaying ‘all Chinese’ identity in Red Sea – Times of India
[ad_1] NEW DELHI: Several cargo ships and tankers navigating the Red Sea have started broadcasting that their crews are entirely Chinese, presumably to deter attacks by Yemeni rebels. At least…
Red Sea attacks disrupt world trade, more ships vow to avoid waters – Times of India
[ad_1] FRANKFURT/ATHENS/LONDON/LOS ANGELES: Germany’s Hapag-Lloyd and Hong Kong’s OOCL said on Thursday they would avoid the Red Sea, the latest shipping companies to do so after attacks by Yemen‘s Houthi…