Economy

Shanghai/Taipei, Mar 27 (EFE).- China’s commerce ministry announced Friday the launch of trade barrier investigations into the United States in retaliation for those announced by Washington against several economies, including China, for alleged excess capacity and forced labor in production. In a statement, a ministry spokesperson explained that, in response...

Moscow, Mar 25 (EFE).- Russia’s state nuclear corporation Rosatom said Wednesday it was reducing staff to a minimum at Iran’s Bushehr nuclear power plant after a second attack near the facility raised concerns about safety and operational risks. «We are temporarily reducing the number of specialists at the plant to...

International Newsroom, Mar 11 (EFE).– The UK Maritime Trade Operations (UKMTO), which monitors the safety of ships and seafarers worldwide, reported that a container ship was hit by a projectile a short distance from the Strait of Hormuz. According to the UKMTO alert, the ship’s captain reported that the vessel...

Paris, Mar 10 (EFE).- French President Emmanuel Macron on Tuesday strongly defended nuclear power as a pillar of energy independence, arguing that countries must reduce their reliance on hydrocarbons amid growing geopolitical instability. Speaking at the opening of the Nuclear Energy Summit organized by France and the International Atomic Energy...

Bangkok, Mar 10 (EFE).- The uncertainty around the energy supply triggered by the war in the Middle East has led several countries in Asia – the continent most dependent on the Strait of Hormuz – to undertake energy-saving measures ranging from reducing the working week to closing universities, among others....

Jerusalem, Mar 9 (EFE).- The Israeli army bombed Beirut’s southern suburbs on Monday, targeting infrastructure linked to Hezbollah just hours after issuing evacuation warnings to residents of several densely populated neighborhoods. “The Israel Defense Forces (IDF) are now striking Hezbollah infrastructure in the Dahiyeh area of Beirut,” the military said...

Paris, Mar 9 (EFE).- The G7 countries are considering using their emergency oil reserves in response to market tensions that have driven up prices due to the war launched by the United States and Israel against Iran. Sources within the French government, which holds the G7 presidency this year, confirmed...

International Desk, Mar 9 (EFE).- Iranians Monday closed ranks around the appointment of Ayatollah Seyed Mojtaba Hosseini Khamenei as the new supreme leader, in a show of defiance toward the United States, as the war intensifies, pushing oil prices above $100 per barrel. Meanwhile, the Israeli army announced new waves...