France tries to break UN Gaza stalemate after Russia, China scupper US cease-fire resolution – POLITICO

France tries to break UN Gaza stalemate after Russia, China scupper US cease-fire resolution – POLITICO

Macron now hopes to step in as a mediator with a new U.N. draft resolution, which he said would be prepared with “several regional partners, in particular in the Arab world,” which will help lift the Chinese and Russian vetoes. “It’s with this procedure that we hope to advance this text,” he said. Meanwhile, Israeli … Read more

BRICS Gets Boost as Saudi Arabia Joins Group of Emerging Nations

BRICS Gets Boost as Saudi Arabia Joins Group of Emerging Nations

South Africa’s foreign minister said Saudi Arabia and four other countries have accepted the invitation to join the BRICS club of nations that was extended during a summit last year. Minister Naledi Pandor said that Russia, who takes over as chair of the bloc this year from South Africa, has received written interest from 34 … Read more

Archaeologists in Egypt embark on a mission to reconstruct the outside of Giza’s smallest pyramid

Archaeologists in Egypt embark on a mission to reconstruct the outside of Giza’s smallest pyramid

Cairo — Archaeologists have launched a huge project to restore the smallest of Giza’s three famous pyramids to what they believe it looked like when it was built more than 4,000 years ago. An Egyptian-Japanese archaeological mission announced the project to put back in place hundreds of granite blocks that used to form the outer casing … Read more

Israel Isn’t Buying Saudi, UAE, Qatar, Egypt and Jordan’s Postwar Gaza Plan

Israel Isn’t Buying Saudi, UAE, Qatar, Egypt and Jordan’s Postwar Gaza Plan

Five Arab nations are quietly touting a settlement for postwar Gaza for which they’ve secured the backing of the US. The problem is that the Israelis on whom the agreement depends aren’t buying it. That means the proposal, which its authors are calling the most plausible solution for long-term security in the region, is out … Read more

Shell Suspends Red Sea Shipments Amid Fears of More Houthi Attacks

Shell Suspends Red Sea Shipments Amid Fears of More Houthi Attacks

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Importers Face Surging Shipping Costs, Delays as Red Sea Diversions Pile Up

Importers Face Surging Shipping Costs, Delays as Red Sea Diversions Pile Up

Updated Jan. 10, 2024 9:04 am ET Western importers are reporting a steep rise in ocean-shipping rates and weekslong delays as carriers divert ships from the Red Sea to avoid Houthi rebel attacks. Some companies shipping goods on the crucial trade lane are starting to chafe at the rising prices and extra fees that ocean … Read more

Houthis Claim Yet Another Attack on a Container Ship in Red Sea

Houthis Claim Yet Another Attack on a Container Ship in Red Sea

Houthi militants claimed to have attacked another merchant ship in the Red Sea, serving as a reminder of the threat they pose to a vital trade artery. The Houthis’ armed forces’ spokesman said in a televised speech that a vessel called the CMA CGM Tage was attacked after ignoring warnings. In response, French container shipping … Read more

Houthi Red Sea Attacks Add $22 Billion to Shipping Company Valuations

Houthi Red Sea Attacks Add $22 Billion to Shipping Company Valuations

Houthi assaults on merchant ships as they sail through the Red Sea are driving up the shares of firms transporting everything from manufactured goods to oil and commodities. The combined market capitalization of the world’s largest publicly traded shipping companies has jumped by about $22 billion since Dec. 12, when the assaults really ramped up. … Read more