Source link Somalia has expelled Ethiopian Ambassador Muktar Mohamed Ware as tensions between the two East African neighbors escalate over a Red Sea access agreement Addis Ababa reached earlier this year with breakaway Somaliland. The Somali Ministry of Foreign Affairs announced the decision on Thursday, citing actions by the the Ethiopian government that it claims […]
Source link Houthi rebel attacks on container ships have reduced traffic through the Suez Canal The ongoing disruption to shipping in the Red Sea is more damaging to global supply chains than the impact of the Covid-19 pandemic, according to data from maritime advisory firm Sea-Intelligence. Yemen-based Houthi rebels have carried out dozens of drone […]
Source link Attacks on ships navigating the vital Red Sea route could reshape the balance of power in global commerce Russian Market is a project by a financial blogger, Swiss journalist and political commentator based in Zurich. Follow him on X @runews In the midst of an already turbulent global landscape, a seismic geopolitical crisis is unfolding, […]
Source link The Russian Foreign Ministry blamed an “unhinged” Western campaign for the IMO vote Russia failed to secure re-election to the executive body of the UN ship agency, the International Maritime Organization (IMO), on Friday. Moscow has blamed the setback on the efforts of Kiev and its Western backers. The London-based IMO is responsible […]