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Eurasia
24/02/2024 19:10
Egyptian President Abdel Fattah al-Sissi says revenues from the Suez Canal have “decreased by 40 to 50 percent” so far this year due to attacks on shipping by Yemen’s Houthi rebels, Times of Israel reported.
The canal is one of Egypt’s main sources of foreign currency, with Cairo gripped by a severe financial crisis.
The Houthi attacks, which the group says are targeted at vessels with links to Israel in solidarity with the Palestinians in the war-torn Gaza Strip, have caused many major shipping firms to suspend passage through the Red Sea, which usually carries around 12 percent of global trade.
EU measures such as the imposition of punitive tariffs on Chinese electric vehicles are leading to a dead end, according to Zoltán Kovács, State Secretary for International Communication and Relations, whom we also asked about the achievements of the Hungarian presidency and Donald Trump's upcoming second term.
Three major super-trends are defining our times: the intensifying climate change, the technological revolution and the all-encompassing geopolitics, said György Matolcsy, Governor of the Magyar Nemzeti Bank, the central bank of Hungary in his opening speech at the Budapest Eurasia Forum. He stressed that the only way for Europe to successfully ride these super-trends is to abandon the idea of creating a United States of Europe.