Alexa

Egypt seeks settlement out of court for Suez Canal blockage

ISMAILIA, Egypt (AP) — The Suez Canal chief said Tuesday that authorities are negotiating a financial settlement with the owners of a massive vessel that blocked the crucial waterway for nearly a week...

Traffic jam eases further in Suez Canal after ship unblocked

CAIRO (AP) — The traffic congestion caused by a cargo ship that blocked the Suez Canal for nearly a week continued to ease on Friday, with the number of ships waiting to transit falling to 206, canal ...

George Soros to give $500M to Bard College in New York

NEW YORK (AP) — Billionaire philanthropist George Soros has committed $500 million to a private liberal arts college in New York, which the school called a “transformational” gift that would be among ...

Egypt expects $1 billion in damages over stuck ship in Suez

CAIRO (AP) — Egypt is expecting more than $1 billion in compensation after a cargo ship blocked the Suez Canal for nearly a week, according to the top canal official. He also warned the ship and its c...

Experts examine bottom of big ship that was stuck in Suez

CAIRO (AP) — Experts dived under a colossal container ship that had been stuck for nearly a week in the Suez Canal before it was freed, to examine the vessel's underside, officials said Wednesday. ...

Business Highlights

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With ship now freed, a probe into Suez Canal blockage begins

Experts on Tuesday boarded a colossal container ship that had been stuck sideways for nearly a week in the Suez Canal before it was dislodged as questions swirled about the grounding that had shaken t...

Asian shares mostly rise amid mixed market signs

TOKYO (AP) — Asian shares were mostly higher on Tuesday as investors focused on causes for optimism despite a weak close on Wall Street. Japan's benchmark edged up 0.2% to finish at...

Taiwan's Evergreen ship fully free, Suez Canal reopens

TAIPEI (Taiwan News) — The Taiwan-chartered mega-ship that was stranded in the Suez Canal has been fully refloated, and traffic has finally resumed in the Suez Canal six days after the internati...

Business Highlights

___ WHO report: COVID likely 1st jumped into humans from animals GENEVA (AP) — A joint World Health Organization-China study on the origins of COVID-19 says that tr...

Stuck ship thrusts sleepy Suez Canal village into limelight

AMER, Egypt (AP) — The sleepy farming village of Amer overlooks the Suez Canal, one of the world's most important waterways. Last week, the village was suddenly thrust into the limelight after a massi...

Suez Canal blockage adds to pressure points in global trade

Delays in freeing a mammoth container ship stuck in Egypt’s Suez Canal have highlighted still more pressure points in global trade, a year after supply chains were disrupted by the pandemic. ...

Taiwan Evergreen ship successfully refloated

TAIPEI (Taiwan News) — The Taiwan-chartered mega-ship that was stranded in the Suez Canal has been refloated and secured after a six-day ordeal that has cost global shippers billions of dollars ...

Diggers and dredgers struggle to free ship blocking Suez Canal

Suez Canal salvage teams intensified excavation and dredging on Sunday (March 28) around a massive container ship blocking the busy waterway ahead of attempts to refloat it, with two sources saying wo...

Container ship stuck in Suez Canal 'partially refloated'

SUEZ, Egypt (AP) — A canal services firm says that salvage teams have “partially refloated” the colossal container ship that remains wedged across the Suez Canal, without providing further details abo...