BRUSSELS: The European Union embargo on Russia’s oil and an international cap on the price of the country’s crude are disrupting the maritime transport sector.

ADDIS ABABA: “Everything is increasing except our wages,” Ethiopian porter Zerihun told AFP, summing up the financial crisis facing the Horn of Africa nation as it reels from skyrocketing inflation and an economic slowdown.

WASHINGTON: When Barack Obama welcomed African leaders to Washington in 2014, many viewed the summit as historic, not just due to the US president’s background but for the pledges to make the partnership deeper and such events routine.

Kuwait: Zain, a leading mobile telecom innovator in seven markets across the Middle East and Africa, announces that its brand has been identified as the ‘Best Telecom Brand’ in the Middle East for the third consecutive year during the Telecom Review Summit Excellence Awards gala ceremony held recently in Dubai.

HUANGSHAN, China: Global economic leaders on Friday hailed China’s move away from its hardline zero-COVID policy, with the IMF chief saying the “decisive actions” would help revive growth both in the country and globally.

LONDON: Britain, Italy and Japan said Friday they will jointly develop a future fighter jet in a project that UK Prime Minister Rishi Sunak said would guarantee national security and safeguard thousands of jobs.

MADRID: Six months after Algeria cut ties with Spain following a spat over disputed Western Sahara, trade between the two countries remains paralyzed, much to the dismay of the worst-hit companies.

BRUSSELS: Facebook parent Meta may be in the Big Tech club but it sees itself as being dwarfed by “Giant Tech” company-and corporate foe-Apple, a top executive, Nick Clegg, said Wednesday.

PARIS:  Oil and gas companies are spending tens of billions of dollars on new fossil fuel production that would push global temperatures to catastrophic levels, research found Thursday.