One of the world’s biggest shipping firms, Hapag-Lloyd, will not resume its use of the Suez Canal despite an international military operation to keep the area safe. Yemen’s Houthi rebels…
Category: Business News
Israel: Authorities grant Intel $3.2bn for new $25bn chip plant
Israel’s government has agreed to give Intel Corp a $3.2bn grant for a new $25bn chip plant it plans to build in southern Israel, both sides have said. The news…
Liberia: Fuel tanker explosion leaves more than 40 dead
More than 40 people have died after a fuel tanker crashed and exploded in central Liberia, the country’s chief medical officer Francis Kateh has said. The tanker overturned along a…
Indonesia: Workers protest after blast at nickel plant
Hundreds of Indonesian workers have protested for better work safety standards following an explosion at a Chinese-funded nickel processing plant that killed 18 people and injured dozens more. About 300…
Japan: Luxury department store apologises for 807 collapsed Christmas cakes
A Japanese luxury department store has apologised for delivering hundreds of collapsed strawberry Christmas cakes. Some 807 out of around 2,900 strawberry cakes delivered in the run up to Christmas…
Denmark: Maersk preparing to resume shipping through Red Sea
Danish shipping giant Maersk has said it is preparing to resume shipping operations through the Red Sea and Gulf of Aden. The move follows the deployment of an international military…
Indonesia: Explosion at nickel plant kills 13 staff
An explosion at a nickel plant on Indonesia’s Sulawesi island has killed at least 13 workers and injured dozens of others, some seriously. Eight victims were Indonesian and five Chinese.…
France: 700 Airbus Atlantic staff sick after Christmas dinner
More than 700 Airbus Atlantic staff are believed to have fallen ill following the company’s Christmas dinner, health authorities in France have said. Workers from the aerospace group’s site in…
Egypt: Red Sea users must protect it
Egypt says countries with access to the Red Sea have a responsibility to protect it and provide suitable conditions for freedom of navigation. On Tuesday, the US announced a 10-member…
Angola: Luanda leaves Opec oil cartel in output quota row
Angola has announced it is leaving the oil producers’ organisation Opec over a dispute on output quotas. It follows last month’s decision by the 13-member cartel and 10 allied nations…