Due to a 15% rise in transit fees beginning in 2023, the Suez Canal will see an increase in income of nearly $700 million per year, said the Suez Canal Authority's Osama Rabie said. After transit prices increase, we anticipate revenue growth of $700 million yearly, Mr. Rabie stated in an interview with CNBC Arabia (quoted by Reuters). From January 2023, the cost of traveling through the Suez...

According to a press statement from Fitch Ratings, the global GDP growth forecast for the current year has been lowered from 2.9% to 2.4%. The forecast for the upcoming year was likewise reduced by 1 basis point to 1.7%. "The economic outlook is being significantly impacted by the European gas crisis, high inflation, and a fast acceleration of global monetary tightening. Since publishing its...

Tedros Adhanom Ghebreyesus, the director general of the World Health Organization (WHO), stated at a news conference that the coronavirus pandemic is almost over. "The number of weekly reports of COVID-19 deaths dropped last week to its lowest level since March 2020. Never before have we had a better chance to put a stop to a pandemic, though the end is not yet in sight," he said. In...

The United States is evaluating alternatives for a package of sanctions against China over the possibility of an invasion of Taiwan, reports Reuters citing sources. According to a U.S. source and a Taiwanese official, Washington is currently considering ideas for a potential sanctions package against China. The goal is to prevent China from attempting to invade Taiwan. After Russia initiated...

Csaba Kőrösi, the president of the 77th session of the General Assembly of the United Nations, which begins on September 13, has advocated for overhauling the organization. Kőrösi discussed the need for the UN, including the General Assembly, to undergo reform and change. He also emphasized the importance of building confidence in order to develop cooperation. The head of the UNGA declared,...

Mexico is encouraged to take part in investment projects run by the United States to make chips and electric vehicles. After conversations with President Andres Manuel Lopez Obrador with U.S. officials, the head of Mexican diplomacy Marcelo Ebrard said that Mexico has been asked to participate in investment initiatives in the manufacture of semiconductors and electric vehicles. After talks...

The Bank of England announced that Elizabeth II-themed currency will continue to be accepted as legal tender. "The famous images of the Queen, the country's first monarch, that appear on Bank of England notes are a representation of the vital task we conduct. Her Majesty the Queen's likenesses on current banknotes will remain legal tender," the regulator said. After mourning, there will be...

The Dutch city of Haarlem will outlaw meat advertising in all public spaces starting in 2024. Local environmentalists believe it will aid in preventing climate change. The Guardian reports that Haarlem will be the first city in the world to outlaw all public advertising for meat and meat products. According to the local authorities, this action will help lessen the effect that livestock has on...

A reduction in Russian gas imports has led to the German nuclear sector intending to delay the final two of its three nuclear power projects until next spring, reports Der Spiegel magazine. German Economics and Energy Minister Robert Habeck will reportedly reveal results of stress tests of German nuclear power facilities to the government Monday evening, according to Der Spiegel. Germany's...