The agreement

Italian Shipping Academy and BCA GIME join on seafarer training

Genova - New agreement between the Fondazione Accademia Italiana della Marina Mercantile (Italian Shipping Academy, FAIMM), and the Business College of Athens (BCA), Greek Institute of Maritime Education (GIME) for the provision of the online Bachelor in Maritime Business degree for ITS graduates: FAIMM, and BCA GIME aim to foster academic cooperation between Italy and Greece by providing higher education

Analysis

Dry bulk market looking for a clear direction

Athens - The dry bulk market is looking for a steady course of late, as volatility seems to have established itself as the main trend. In its latest weekly report, shipbroker Allied Shipbroking said that “it is rather difficult to describe the current situation in the dry bulk sector, given the disarray that has been noted in the freight market during the past few weeks or so

Strikes in Europe

Amazon's Black Friday greeted by climate activists

Tilbury - Climate activists targeted 15 Amazon depots across Europe on Black Friday and the world's biggest e-commerce company also faced protests by workers and delivery drivers in Germany, France and Italy

Henry Nicholls and James Davey
Alert in Pacific Ocean

Tepco finds melting of ice wall at Japan's Fukushima Daiichi plant

Tokyo Electric Power Co (Tepco) will launch remedial works at the stricken Fukushima Daiichi nuclear plant to strengthen an ice wall intended to halt the flow of groundwater after testing indicated partial melting. The work could begin as early as the start of December, according to a presentation from the plant operator dated Thursday, part of a costly and troubled effort to secure the site following the 2011 earthquake and tsunami

The country set to receive largest single chunk of EU fund

Skills shortage in southern Italy could stymie recovery drive

Bari - Mayors in Italy's poor south should be relishing the prospect of billions of euros from the European Union's pandemic recovery fund, but a lack of project management expertise could mean they are unable to take full advantage of the scheme

Crispian Balmer and Angelo Amante
"Esbern Snare"

Danish frigate kills four pirates in Gulf of Guinea

Copenhagen - A Danish frigate has killed four pirates in waters south of Nigeria in an operation to protect shipping in the Gulf of Guinea, the Danish military said on Thursday. The "Esbern Snare" is deployed last month to the Gulf of Guinea amid heightened security risks from pirates

The goal

China plans methane emission controls in key industries

Beijing - China will look into methane emissions in key industries, including coal mining, agriculture and petroleum, and publish a nationwide methane emission control action plan, the environment ministry said on Thursday

For next six months

Russia, Serbia reach deal on gas price

Moscow - Russia has agreed to continue selling Serbia gas at the current price of $270 per 1,000 cubic metres over the next six months, TASS news agency quoted Serbian President Aleksandar Vucic as saying on Thursday after he met with President Vladimir Putin. Vucic asked Russia last month for "favourable“" gas prices

Insight

African nations mend and make do as China tightens Belt and Road Initiative

Nairobi - Deep in Kenya's Great Rift Valley, members of the National Youth Service tirelessly swing machetes to clear dense shrubs obscuring railway tracks more than a century old. It's a distinctly low-tech phase for China's Belt and Road drive in Africa to create the trade highways of the future

Duncan Miriri
To fight fraud

Congo president demands audit of mining registry

Kinshasa - Democratic Republic of Congo President Felix Tshisekedi has demanded a ban on issuing and trading mining permits until the country's mining registry has been audited, a measure aimed at combating fraud within the sector

Bucking global tapering trend

Japan unleashes record stimulus package

Tokyo - Japan unveiled a record $490 billion spending package on Friday to cushion the economic blow from the COVID-19 pandemic, bucking a global trend towards withdrawing crisis-mode stimulus measures and adding strains to its already tattered finances

Leika Kihara and Tetsushi Kajimoto
In row with UK

France to "fight every day" for more fishing licences

Paris - France said on Friday it was still waiting for Britain to issue 150 more fishing licences to French vessels in a post-Brexit row that has strained British-French relations, and that it would "fight every day" to obtain them

As competition bites

Alibaba slashes sales outlook

London - Chinese e-commerce giant Alibaba Group Holding Ltd slashed its forecast for annual revenue growth on increased competition and a regulatory crackdown, sending its stock tumbling 11%

Josh Horwitz and Subrat Patnaik
after U. After U.S. request

Asia looks to release oil reserves

Singapore - Governments from some of the world's biggest economies said on Thursday they were looking into releasing oil from their strategic reserves, following a rare request from the United States for a coordinated move to cool global energy prices

Timothy Gardner and Chen Aizhu
After South China Sea standoff

Philippines tells China to "back off"

Manila - The Philippines on Thursday condemned "in strongest terms" the actions of three Chinese coast guard vessels that it said blocked and used water cannon on resupply boats headed towards a Philippine-occupied atoll in the South China Sea

As Warsaw "defends EU border"

Polish PM scolds Germany on Nord Stream 2

Berlin - Polish Prime Minister Mateusz Morawiecki said on Thursday Germany should stop the Nord Stream 2 gas pipeline from Russia to Europe if it wants to work for peace, linking the project to his country's handling of migrants on the Belarus border

As partner on U.S. credit card

Amazon may drop Visa

London - Amazon.com Inc is considering dropping Visa as partner on its U.S. co-branded credit card after earlier confirming it would stop accepting Visa credit cards in the United Kingdom as a dispute over payments intensified. The e-commerce giant is in talks with several payment networks including Mastercard Inc, American Express Co and Visa as part of what it called its standard process for reviewing its co-branded credit card agreement

Matt Scuffham
Insight

Saudi Arabia's race to attract investment dogged by scepticism

Dubai - Saudi Arabia could have a credibility problem if it keeps shifting the goal posts for the amount of foreign investment it wants to turn its vision of a future beyond oil into a reality, financial sources and analysts said. Five years since Crown Prince Mohammed bin Salman launched Vision 2030 to end the kingdom's dependence on fossil fuels

Davide Barbuscia, Saeed Azhar and Yousef Saba
Under climate efforts

Oil industry calls for inclusivity

Abu Dhabi - Energy producers gathered in Abu Dhabi following the Cop26 U.N. climate talks called on Monday for greater inclusivity that would see more investment in hydrocarbons for energy security as they work to reduce emissions while developing their economies

Yousef Saba, Alex Lawler and Hadeel Al Sayegh
After midterm rout

Argentina's Peronists face identity crisis

Buenos Aires - Argentina's Peronist ruling coalition is teetering on the brink of political crisis, with President Alberto Fernandez facing a fight for control after voters abandoned his center-left party in bruising midterm elections, sapping his power in Congress

Eliana Raszewski and Nicolás Misculin

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