Clean Energy Centre for the ECO region to be launched in Baku
A Clean Energy Center will be officially launched during the 17th Economic Cooperation Organization (ECO) Summit, to be hosted by Azerbaijan this week...
A barge belonging to Egypt’s Offshore Shukheir Oil Company (Osoco) has capsized in the Gulf of Suez, with multiple deaths and dozens feared missing, the Ministry of Petroleum and Mineral Resources confirmed late Tuesday.
The vessel, named Adam Marine 12, overturned in the Jabal Zeyt area while being towed to a new offshore worksite near the Ashrafi platform.
In a statement, the ministry said the ministers of petroleum and labour had travelled to the site to oversee rescue operations and coordinate with regional authorities and companies.
“We are following developments moment by moment,” the statement said.
While no official casualty figures have been released, Egyptian media reported conflicting numbers. Al-Shorouk said three people were confirmed dead, six rescued, and 21 still missing. Meanwhile, Youm7 reported four deaths but did not specify how many had been rescued.
Authorities have not yet commented on the reported fatalities or confirmed the total number of people on board.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
Ground crews at KLM are set to strike for eight hours on 9 July unless the airline improves its wage offer, Dutch union CNV said Wednesday.
Germany’s government has no current plans to acquire a stake in Thyssenkrupp Marine Systems (TKMS), despite calls from labour unions, according to sources cited by Handelsblatt.
Paramount Global has agreed to pay $16 million to settle a lawsuit brought by U.S. President Donald Trump over a CBS “60 Minutes” interview, with the funds allocated to his future presidential library.
Iranian President Masoud Pezeshkian has officially suspended Tehran's cooperation with the International Atomic Energy Agency (IAEA), following a parliamentary law amid escalating tensions with the United Nations nuclear watchdog after recent military clashes with Israel and the U.S.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
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