Uzbekistan faces $1.5 billion hit if Middle East tensions disrupt Iran trade route
Uzbekistan could lose up to $1.5 billion if escalating Middle East tensions disrupt vital trade and logistics routes through Iran, putting pressure...
The French Riviera town of Cannes will restrict large cruise ships from docking starting from January 2026, as part of new efforts to manage over tourism and protect local infrastructure.
Cannes has joined a growing list of European cities imposing limits on cruise ship tourism. From 1 January next year, vessels carrying more than 1,000 passengers will be banned from docking directly at the port. Instead, they must use smaller boats to bring tourists ashore, and no more than 6,000 cruise passengers will be allowed to disembark each day.
The new rules, approved by the city council on Friday, will immediately affect cruise schedules. Two ships arriving this Sunday already exceed the upcoming threshold with a combined capacity of more than 7,000 passengers.
“It’s not about banning cruise ships, but setting clear guidelines,” said Cannes Mayor David Lisnard, who highlighted the city’s economic gains from tourism while stressing the need for better regulation.
Cruise operators have criticised the restrictions, warning of potential impacts on local economies and passenger experience.
Cannes’ decision follows similar moves across Europe. Cities such as Nice, Venice, Amsterdam, and Barcelona have introduced their own cruise limits in response to pressure from residents and sustainability advocates.
France, which welcomed 100 million international visitors last year, is grappling with the challenge of balancing tourism revenue with public infrastructure strain. On Monday, Louvre Museum staff in Paris walked out, citing overcrowding and unsafe working conditions. In other cities, protests have spotlighted the social and environmental impacts of mass tourism — from water-gun protests in Barcelona to demonstrations during Jeff Bezos’ wedding in Venice on Friday (27 June).
At least 11 people were killed in Israeli strikes on southern Lebanon on Saturday, among the deadliest since a June ceasefire. Meanwhile, Qatar denied holding Iranian pilots. It said it had found the remains of one pilot after an airspace violation and had contacted Iran to coordinate a handover.
U.S. President Donald Trump says Washington is not seeking an extension of its memorandum of understanding with Iran, claiming the U.S. already controls the Strait of Hormuz through its naval blockade.
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade and sanctions and releasing Iran’s frozen assets.
South Korea's presidential Blue House said on Monday it was reviewing U.S. President Donald Trump's comments on scaling back joint military drills. It added that it hoped a favourable relationship between Washington and Pyongyang could lead to meaningful talks.
Ukraine has targeted at least 20 Wildberries warehouses across Russia since 18 July, disrupting a major logistics network. Kyiv says the strikes aim to disrupt alleged military-linked supplies, while the attacks have caused billions of dollars in losses and wider economic pressure.
Azerbaijan exported goods worth $17.372 million to Armenia between January and July 2026, according to data from the State Customs Committee, as commercial ties between the two South Caucasus neighbours showed signs of expansion.
Online fast-fashion platform Shein lost a London copyright lawsuit against rival Temu on Thursday over photographs used to promote some products.
Norway’s $2.3 trillion sovereign wealth fund has revealed a 0.05 per cent stake in SpaceX worth $1.22 billion, marking its first reported holding in Elon Musk’s space company.
U.S. data analytics firm Palantir Technologies has reported a 93 per cent year-on-year jump in second-quarter revenue, even as the company faces continued criticism over its work with Israel's military and allegations linking its technology to the war in Gaza.a.
Rising trade across the Caspian Sea is strengthening Georgia’s role as a logistics hub and could help the country develop higher-value industries, according to the Asian Development Bank (ADB).
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