The outbreak of Russia’s war of aggression against Ukraine almost two years ago has spread depression and a decline in people’s sense of well-being not only in the country that was attacked by Russia but also in the attacking country but throughout Europe and probably elsewhere around the world. On February 24, 2022, Russia invaded […]
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European retail industry body Eurocommerce called on European Union institutions and member states to resolve the Red Sea crisis that has disrupted trade, saying in a letter to Belgium’s foreign minister that it has already had “massive impacts” on businesses. Shipping companies have rerouted container vessels away from the Red Sea to avoid Houthi militant […]
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Weeks of attacks by Iranian-backed Houthi militants on vessels in the Red Sea have disrupted shipping in the Suez Canal, the fastest sea route between Asia and Europe carrying 12% of global container traffic. For the European economy, already skirting a mild recession as it tries to shake off high inflation, prolonged disruption would be […]
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