Venezuelan oil exports drop sharply after U.S. tanker seizure
Venezuela’s oil shipments have plunged following the United States’ seizure of a tanker earlier this week....
The International Labour Organization (ILO), headquartered in Geneva, has announced the loss of around 225 jobs due to significant funding cuts, mainly caused by the reduction of voluntary contributions from the United States under President Donald Trump.
These job cuts affect staff both at the Geneva office and in field operations.
ILO Director-General Gilbert Houngbo expressed deep concern over the impact on staff morale and acknowledged that the organization is under serious financial strain. To manage costs, he mentioned the possibility of relocating some operations from expensive Geneva to more affordable cities such as Turin, Budapest, Bonn, or even further afield to places like Doha and Pretoria.
Other UN agencies, like the International Organization for Migration, have also started laying off short-term staff. Houngbo warned that even more job losses across UN bodies could follow, as several international donors, not just the U.S., are pulling back funding. Since the U.S. is the largest contributor to both assessed and voluntary funding, its withdrawal poses a double challenge for the ILO.
The U.S. currently accounts for 22% of the ILO's $880 million budget for 2026–2027, which is set to be reviewed at the upcoming International Labour Conference. Houngbo said a revised budget might be necessary, something that hasn't happened in recent memory. In response, the ILO is preparing a business continuity plan, freezing new external hiring, and launching a voluntary redundancy program to deal with the uncertain financial future.
Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
Iran is preparing to host a multilateral regional meeting next week in a bid to mediate between Afghanistan and Pakistan.
Kyiv has escalated its naval campaign against Moscow’s economic lifelines, claiming a successful strike on a vessel suspected of skirting international sanctions within the Black Sea.
An extratropical cyclone has caused widespread disruption across Brazil’s São Paulo state, with powerful winds toppling trees and power lines, blocking streets and leaving large parts of the region without electricity.
Türkiye’s Trade Minister Omer Bolat said Friday that discussions in Washington with U.S. officials have strengthened efforts to expand bilateral trade, moving closer to a $100 billion target.
Türkiye’s President Recep Tayyip Erdoğan and Pakistani Prime Minister Shahbaz Sharif held talks on Friday during the International Peace and Trust Forum in Ashgabat, Turkmenistan, focusing on bilateral relations as well as regional and global issues
Hungary has strongly criticised NATO Secretary-General Mark Rutte’s warning that Russia could be capable of attacking the alliance within five years, with Foreign Minister Péter Szijjártó describing the remarks as irresponsible and dangerous.
Thailand and Cambodia have agreed to halt all shooting from Friday evening following renewed fighting along their shared border, U.S. President Donald Trump said on Friday.
China’s Ministry of Commerce announced on Friday that it will introduce a licensing system for steel exports starting in 2026, covering around 300 steel products.
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