COPENHAGEN (Reuters) - The disruption to container shipping traffic in the Red Sea is worsening, and is expected to reduce the industry's capacity between the Far East and Europe by some 15%-20% in the second quarter, shipping group Maersk said on Monday.
The company, viewed as a barometer of world trade, last week said that shipping disruptions caused by Houthi militants' attacks on vessels in the Red Sea were expected to last at least until the end... (continue reading...)
MOSCOW (Reuters) - Ukrainian drone attacks on two buses taking people to work killed six people and injured another 35 in the Belgorod region of Russia, the governor said on Monday.
Governor Vyacheslav Gladkov said the attack took place near the village of Berezovka. He published a picture of a bus with its windows blown out.
Gladkov said one man was in serious condition and two children had superficial injuries.
Belgorod... (continue reading...)
MOSCOW (Reuters) - Russia will have to increase its entire missile arsenal to deter the West as Moscow is now in an open confrontation with the United States and its allies, a Russian diplomat was quoted as saying on Monday.
President Vladimir Putin's 2022 invasion of Ukraine touched off the worst breakdown in relations between Russia and the West since the 1962 Cuban Missile Crisis, according to Russian and U.S. diplomats.
Russia has... (continue reading...)
PARIS (Reuters) - Chinese President Xi Jinping awoke in Paris on Monday on his first visit to the region in five years, with trade and Russia's war with Ukraine on the agenda in talks with France's Emmanuel Macron and European Commission chief Ursula von der Leyen.
In a statement released on his arrival, Xi praised ties between the two nations, despite trade tensions over a European Union probe into Chinese electric vehicle exports, and Beijing's ... (continue reading...)
ROME (Reuters) - Italy's Defence Minister said on Monday economic sanctions against Russia had failed and called on the West to try harder to negotiate a diplomatic solution with President Vladimir Putin to end the war in Ukraine.
Guido Crosetto told daily Il Messaggero that the West had wrongly believed its sanctions could stop Russia's aggression, but it had overestimated its economic influence in the world.
"Instead ... the only way to... (continue reading...)
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