Tweaks to avert food shortages

EU to adopt on Friday 7th package of Russia sanctions

The European Commission is set to adopt on Friday its seventh package of sanctions against Russia, which will add a ban to the import of Russian gold and tweak existing restrictive measures to avoid hampering food exports

As monsoon revives

Planting of summer crops ramps up in India

Ample monsoon rain in the first half of July accelerated planting of main summer-sown crops such as soybean, cotton and pulses in India, although rice planting is still lagging behind due to scant rainfall in northern states

Prime minister resigns but head of state asks him to stay

Draghi saved Euro from speculation, but not Italy from itself / ANALYSIS

Ten years after Mario Draghi's "whatever it takes" pledge saved the euro, Italy is once again in the middle of a debt crisis - but the country's prime minister and former head of the European Central Bank may struggle to solve this one

Container traffic

Long Beach +5,3% in 1H

Long Beach - The Port of Long Beach reported its most active June, boosted by increased consumer demand as retailers stock shelves for back-to-school shopping. The month capped the port’s strongest quarter on record in Q2

By Asla - Associazione degli Studi Legali Associati

Barges and LNG plants, off to contributions

Ministerial Decree 191 of 27 June 2022 initiates the disbursement of grants for newly built ships to carry out bunkering activities and for the construction of gas liquefaction plants and refueling points for LNG and Bio-LNG

Investiations are already on the pipeline

Swiss attorney general warns trading looted commodities could be war crime

Switzerland's attorney general has warned Swiss-based commodities trading firms that dealing with stolen raw materials, notably from Ukraine, could trigger war crime charges: "Commercialising looted raw materials could constitute a war crime," Stefan Blaettler said

After Russian move on pipeline

Kazakhstan says it needs other oil routes

Kazakh President Kassym-Jomart Tokayev on Thursday told his government to diversify its oil supply routes, a day after a Russian court ordered the Caspian Pipeline Consortium to suspend activity for 30 days

To dent Russia's energy clout

EU plans investment in world's tallest dam

The European Union plans to become the top investor in the world's tallest dam in Tajikistan, EU officials told Reuters, in a move aimed at helping Central Asia cut its reliance on Russian energy

But exports still flow

Russian court orders halt to Caspian oil pipeline

Caspian Pipeline Consortium (CPC), which takes oil from Kazakhstan to the Black Sea via one of the world's largest pipelines, has been told by a Russian court to suspend activity for 30 days

The target is to incorporate 300 companies within a year

United Arab Emirates cuts red tape to attract businesses

The United Arab Emirates is cutting red tape to make it easier and quicker for digital companies to incorporate, the latest economic policy announcement as the government seeks to further diversify the economy

Lawmakers back green EU investment label for the fuels

EU parliament backs labelling gas and nuclear investments as green

The European Parliament on Wednesday backed EU rules labelling investments in gas and nuclear power plants as climate-friendly, throwing out an attempt to block the law that has exposed deep rifts between countries

war

U.N.'s FAO receives $17 mln for Ukraine grain storage

The funds would help Ukraine, the world's fourth largest grains exporter, store produce from the current July-August harvest in plastic sleeves and modular storage containers, the U.N. Food and Agriculture Organisation (FAO) said

war

Russian separatists seize two foreign ships in Mariupol

Liberia registered Smarta Shipping, the owner of the Liberia-flagged Smarta bulk vessel, one of the two vessels taken, said it was informed of the seizure by email on June 30, calling it unlawful and "against all norms of international law"

CRUISES

Costa Firenze and Costa Venezia will join the Carnival fleet

“We are excited to see these iconic Costa ships make their debut in the US under the leadership and operation of our sister brand. Costa providing its beautiful ships with their Italian design and Carnival delivering FUN, Italian Style!” Mario Zanetti, President Costa Cruises said