Latest News
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Dutch public transport stopped by strike over welfare cuts
A nationwide strike on Wednesday against the government's proposal to cut welfare spending halted public transport in The Netherlands. A 24-hour strike affected train services in the entire country, including international trains to Belgium, Germany France and Britain. The strike was organised by the unions against plans to reduce welfare spending up to EUR6.5billion ($7.6billion) annually, mainly through limiting unemployment benefits. The strike is a further obstacle to the centre-right minorities government that was installed in this year's parliament. The coalition is in need of outside support, as it lacks a majority. The opposition's leading left-wing Pro Party has joined the unions to demand that any proposals for welfare cuts be removed from the table. To gain support, the government has already backed down from a plan that would have raised retirement age. Last week it also agreed to soften some other proposals. The Pro party, however, has stated that this is likely not enough and will be requiring 'further negotiation after the official presentation of government budget on 15 September.
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Merz: Drone attack on airport by Russia prepared for by Merz narrowly avoided disaster
German Chancellor Friedrich Merz stated on Wednesday that an attempted drone attack at Leipzig/Halle airport?had been 'prepared in Russia for a long time and a disaster had only just been avoided. Merz, a member of the lower house of parliament, said that this attack had been 'planned in Russia over months' and was targeted specifically at Germany. It was only by chance that major material damage was prevented and harm to people was avoided. Merz made his remarks after the far right Alternative for Germany won a major state election 'in Saxony Anhalt' on Sunday. The platform of the party included?calls for a closer relationship with?Moscow. Russia has denied any involvement in the drone incident at Leipzig Airport, and its foreign minister said that these accusations are "the start of a real war".
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Ivory Coast cocoa producers struggle to use the new traceability system
Ivorian cocoa buyers, traders and cooperatives are struggling to implement a new national traceability system that was introduced in advance of upcoming European Union regulations banning the importation of commodities produced on land recently deforested. Exporters say that problems with the system may slow down purchases and deliveries for the season 2026/27, increasing the risk of disruptions in supply through November. Ivory Coast exports?about 40 percent of the world's cacao and disruptions in its exports could affect cocoa prices. From January 1, 2027, the EU's antideforestation regulations will be in effect and require that commodities like cocoa are fully traceable to their origin. From the start of 2026/27 on September 1, all purchases of cocoa must be made using an electronic producer card. The card allows cocoa to be tracked throughout the supply chain and is verified that it meets?the EU sustainability requirements. The Coffee and Cocoa Council has been promoting the new system for months, but today we find that many people are still unaware of how to use it. The main problem is that buyers, co-operatives and agents on the ground haven't yet mastered?new digital tools for purchasing and tracking," stated a director of a European export firm in Abidjan. Exporters reported that many cooperatives and agents still had not received the equipment. This was slowing down deals in rural cocoa growing areas. Our suppliers do not have payment terminals, bags or seals for rural purchases. "The CCC did not provide all the equipment needed, which is prolonging purchasing times and causing delays in deliveries," said the director of another European export company based in Abidjan. The CCC announced that it had finished setting up payment terminals, and was now distributing equipment in accordance with the previous season's purchases. It claimed to have purchased 20,000 new terminals. CCC Director Yves Brahima Kone admitted that there were some problems, but said they weren't serious. We expect that sales will pick up in the future, and we will work out any problems that arise. We'll be there in a few months.
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Fire disables several merchant ships in the Gulf of Oman and Gulf of Qatar
The United Kingdom Maritime Trade Operations said that several merchant vessels?in northern Gulf?and Gulf?of?Oman?were hit by disabling?fire during military activity overnight in the area. The UKMTO, a British-affiliated organization that is closely associated with the?navy, said it could not confirm any 'casualties' or?environmental impact. UKMTO also reported another incident, 'on Wednesday, 24 nautical mile from Port Rashid in the United Arab Emirates. The report said that a vessel?was sighted listing at anchor, possibly as a result of an attack from an unknown projectile. U.S. Central Command forces attacked five Iranian crude oil tanks on Tuesday after two days of?attempted rocket attacks against a U.S. Navy ship. Iran's Revolutionary Guards announced on Wednesday that they had attacked two U.S. vessels in the Gulf and eight oil tanks as a response to U.S. attacks?on Iranian tankers. The Guards claimed that the 10 vessels had attempted to cross an area of the Strait of Hormuz they described as being "prohibited" and "unsafe".
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Saudi Arabia lifts alert for southern city after Houthi strike
Saudi Arabia's Civil Defense lifted the alert they had issued in the southern city Khamis Mushait on Wednesday. A day earlier, Houthi attacks in Khamis Mushait and?three other cities nearby injured 73 people and ignited?oil? installations. On Tuesday, Yemen's Houthis who are aligned with Iran struck an airbase at Khamis Mushait as well as oil infrastructure in nearby cities. This was one of the largest attacks on Saudi Arabia since the U.S. and Israel launched their war against Iran in February. Saudi authorities have not provided?details' for the reasons why Wednesday's alert was issued in Khamis Mushait. The fighting between Saudi Arabian and the 'Houthis' has intensified in recent months. This has raised fears that a wider conflict will return after a truce brokered by the U.N. in 2022, which largely ended years of war. Saudi Arabia is the leader of an Arab coalition backing a government based in Yemen’s south that was forced out of Sanaa 12 years ago by the Houthis. The conflict is now a part of a wider regional war. Both Saudi Arabia and the Houthis are close allies with Iran. In July, the Houthis announced a naval blockade in the Red Sea against Saudi Arabia. This prompted the Saudi-led Coalition to attack?what they said were Houthi Military Facilities in Yemen. Saudi-backed Yemeni forces launched an offensive in recent days on Houthi-held territories after the group tried to advance against government positions. The government claims it is aiming to recapture the entire Houthi-held area. Al Masirah TV of the Houthi group, citing its health ministry, reported that Saudi airstrikes on Yemen's Al Jawf in the last two days had killed at least '21 people. Saudi Arabia has neither announced nor confirmed that it is carrying out attacks?there. Saudi Arabia described the Houthi attacks as a dangerous escalate, and the Saudi-led coalition said they would take steps to prevent further attacks. The Houthis claim that their attacks are a response to Saudi Arabia's escalation of violence in Yemen.
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Airports continue to warn about the impact of air traffic disruption on flights in the UK
After a major failure in air traffic control, flights from British airports were resumed on 'Wednesday morning. However hubs warned it would take time before operations returned to normal. The shutdown that lasted for hours on Tuesday resulted to the cancellation of over 1,000 flights, leaving hundreds of thousands of passengers stranded. This has increased pressure on NATS, a provider of air traffic control, and Martin Rolfe, its boss. Ryanair, Europe’s largest airline, has already asked him to resign because of his role in the August 2023 system meltdown, when cancelled flights cost operators PS100,000,000 ($135,000,000). Heathrow Airport near London said that operations had'restarted' and passengers should contact their airline to confirm the schedules as they may have been altered due to Tuesday's problems. In a press release, the UK's busiest hub stated that it expects knock-on effects as crews and aircraft reposition. "We understand how frustrating this situation can be and... we are working closely with our local NATS team, and airline 'partners' to restore normal operations as soon as possible." London Gatwick is Britain's second-busiest airport and advises passengers to contact their airline first. Ryanair reported that around 150,000 passengers were affected by the outage after it cancelled more than 200 flights. British Airways said it cancelled or diverted 100 flight with tens and thousands of people being impacted.
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Portugal will use all available tools to protect refining capacity during the Galp-Moeve merger
Luis Montenegro, Portugal's Prime Minister, said that the government was monitoring merger talks between the?Portuguese Oil Company Galp and Spain’s Moeve. The government will use every tool available to protect Portugal's strategic refining capability. Moeve and Galp began talks in January to create two joint ventures - one that would operate 3,500 fuel stations in the Iberian Peninsula and another that would combine Galp's refineries?in southern Sines with Moeve refineries in southwest Spain's Huelva & Algeciras. Moeve will hold the majority of?the refining company, one of Europe's largest, while Galp will retain just over 20%. Montenegro announced late on Tuesday that the government has been closely monitoring negotiations "from the first day to safeguard Portugal's refinery capacity". They described it as an issue of sovereignty, strategic security and energy. He told the parliament that "we will not refrain from?using?the full range of action available to government as a shareholder, and through its regulatory authority." Portugal, which has had a law in place since 2014, to protect strategic assets, including those in energy, and the state owns approximately 8.4% of Galp, is the only country that did not specify what tools it could use. Even though the government has no direct veto, it can use its leverage to seek assurances about the future of the refinery, which is the only one in the country.
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Dangote's proposed Kenyan refinery faces challenges, including crude supply
Aliko Dangote, a billionaire, has set his sights on replicating the project that launched Africa's largest oil refinery, in Nigeria, less than three years ago. But the construction of his company's planned new 700,000-barrel-per-day Lamu refinery in Kenya promises to bring a whole new set ?of issues -- not least where to secure crude supply in ?a country that, unlike oil-rich Nigeria, currently has no commercial output. Plans are changing rapidly. Discussions about Dangote's East African Refinery centered on Tanzania until April. Dangote said to the Financial Times that he would prefer the refinery be located in Mombasa in Kenya. However, in July an executive stated it would be constructed in Lamu. This deep-water port is critical for the refinery’s success. The company hopes to finish the refinery before 2030. It will hold a groundbreaking at the end this month. Aliko Dangote said that he expected it to cost between $15 billion and $16 billion. The project will test whether the model which helped Nigeria become a fuel exporter and a country with less crude oil supplies can be replicated in a region that has a lesser energy infrastructure. Devakumar Edward, vice-president of Dangote Industries said that there are no challenges to be overcome in terms of regulatory, financial and feedstock issues. It has been previously stated that the company believes this project will improve regional fuel supply as well as energy security. Brendon Verster is a senior economist with Oxford Economics. RAISING CAPITAL In July, a company executive stated that Dangote Group intends to finance the Kenyan Refinery using internal cash flow and?bonds. Dangote plans to launch the largest ever IPO for Africa, a Lagos refinery. Dangote, if he follows the Lagos playbook, could add his own equity to a mix that includes commercial bank loans, and development finance institutions like Afreximbank. The company has already announced other major expansion plans. On Monday, it said that it would spend $14.3billion to double the capacity of its Lagos facility. Analysts say that Dangote is already pursuing multiple oil-related project and that securing funding could be a problem. Kaase GBakon, a former petroleum economist with the state-owned Nigerian Oil Company NNPC, said that raising capital for Lamu would be a challenge, given the group's goal of obtaining?40 billion dollars (including Lamu), between 2025 and 3030 for the announced energy projects. Dangote also suggested that East African nations like Rwanda, South Sudan and Tanzania could each take a 30% equity stake. This would create a new funding source and tie the governments to the project. However, no specific details were given about potential deals. CRUDE SOURCES According to Kenyan reports, the chief economist of Kenyan President William Ruto said that, in terms of feedstocks, the plant would be able to secure a daily crude oil supply of 600,000 barrels from East Africa. This includes South Sudan, Uganda and Kenya. None of these sources are simple. Kenya has oil reserves that have been proven but it has taken years to start production. The prospect of a crude pipeline connecting South Sudan's oil fields, whose exports have been disrupted due to insecurity in Sudan, with Kenya's Lokichar Basin and Lamu Port is still a long way off. Maximillian Ezeude is an oil and gas lawyer from Lagos who told us that South Sudan exports go through Sudan while Uganda barrels are sent to Tanzania via EACOP. Ezeude stated that "This leaves the coastal facility reliant on an unstable international seaborne market". The Middle East is the nearest major source of seaborne imports, and the Iran War is disrupting exports. The refinery is located in the Lamu Port - South Sudan - Ethiopia Transport (LAPSSET), a special economic zone near Lamu Port. Lamu Port currently does not have any operational oil storage terminals. The LAPSSET corridor project provides for oil storage facilities at Lamu that can store between 1 and 1.5 million barrels of oil, as well marine loading facilities that can handle vessels of the Suezmax class. This infrastructure is still largely unbuilt. PROJECTS WILL ENGENDER GROWTH, SAYS PRESIDENT The refinery could also have an impact on?Lamu Old Town, located on Lamu Island. This is a World Heritage Site 10 km (6 miles), from Lamu Port. Greenpeace Africa also called on the project to stop due to concerns over habitat destruction and marine degrading. Kenya's Ruto said that the country, whose one refinery was shut down by Essar Energy of India?in 2013, believes the new plant can eliminate costly fuel imports. According to official figures, it spent $4 billion (511,5 billion Kenyan Shillings) on petroleum last year. Ruto, speaking of the Lamu Project, said: "We must make decisions that will change and transform our country." Benjamin Oluwatobi Ajayi is an energy analyst in Lagos. He said that the challenge posed by the project was "substantial". He said that the execution risk was increased by the size of the required debt, the ESG-related constraints on financing, the competition for capital between multiple projects and the need to coordinate many lenders and stakeholders in a short time frame.
Fuel sales from the US to Cuban businesses bring a taste of capitalism to Havana
Gasoline for $38 per gallon is sold in cramped apartment. Diesel is being sold on Instagram to reggaeton music by a celebrity. Cuba's communist sector of energy is experiencing capitalist cracks six decades after Fidel's revolution.
The exception that permits U.S. companies to export fuel directly to Cuban private businesses, under Washington's crippling?oil embargo against Cuba has triggered a chaotic black-market and opened up a tightly controlled energy sector by the government since Dwight Eisenhower occupied the White House. After the U.S. ousted Venezuelan President Nicolas Maduro from office in January, oil shipments to Cuba's traditional supplier Venezuela and Mexico abruptly ceased. U.S. Coast Guard cutters are patrolling the waters near Cuba while sanctions and threats have discouraged tankers from setting sail.
The embargo is affecting essential services run by the state, such as healthcare, public transportation and schools. Under the Commerce Department's exception, however, only a small amount of fuel is now reaching restaurants, retailers, and taxis. This is the first time that U.S. fuel has been landed on the Caribbean Island since Castro nationalized the refineries following the 1959 Revolution.
It is not possible to determine which U.S. oil companies are supplying fuel to Cuba. However, there are no signs that major oil traders have been involved. Some of the fuel is sold on the black-market, allowing those with the means to maintain their gas tanks and home generators. This helps the public transport system, rolling blackouts and the faltering water supply in the country.
The new system, while providing some relief to the poor, is increasing wealth disparities. Amarilis Sánchez, 53, spent hours waiting at a Havana bus stop on a recent afternoon in July. She had come to Havana to celebrate the birthday of her daughter, but was now losing hope that the bus, which costs 2 pesos to take home, would arrive.
A few taxi drivers were leaning against antique cars across the street. Ismael, one of the taxi drivers, offered to take Sanchez but said the trip would be 1,000 pesos. This is 500 times more than the bus because of the black-market price of diesel and gasoline, the fuel that many Cuban cars run on.
Sanchez, who is unemployed, could not afford to do this. She said that her plan was for her to wait until the sun went down and if it didn't arrive, she would sleep at the house of her daughter and then return the next morning.
Backroom Deals and Social Media Ads While the 900k barrels of U.S. Fuel imported between February and May were only enough to meet the country's needs for energy for nine days, they have led to "big" changes. Reporters found this out during their visits to legal wholesalers and black market distributors as well as in discussions with business owners and economists. Havana fell into darkness when the national grid failed just before 11 pm on a Sunday night this month. However, generators powered by imported fuel kept a few shops and restaurants lit. In plain view, a thriving resale marketplace has sprung up.
In a central Havana convenience store, stocked with sodas, beer, and crackers, on another day customers played pool at the entrance. The shopkeeper keeps gasoline in a large room at the back of the store. She sells it for $5 per liter, or $19 per gallon.
In a nearby tenement, a man advertises gasoline online and hoards the fuel?in his tiny apartment, despite the dangers of fire, explosions, and toxic fumes. WhatsApp groups devoted to?illegal fuel sales are on the rise.
The black-market price peaked this spring at an eye-watering $10.00 per liter ($38.00 per gallon), before falling as imports increased. In February, in an effort to avoid the paralysis caused by the oil blockade the government allowed private companies to import fuel to use themselves. Cuban legislators approved in June a comprehensive package of economic reforms to open the energy sector up to foreign and private investors. Although this package is not yet fully implemented, it was approved by Cuban lawmakers in June. The reforms would open up the energy sector to private and foreign investors.
In a social media viral advertisement for such a company, a model who is the ex-girlfriend a Cuban reggaeton singer struts around a warehouse full of industrial bulk containers filled with diesel while Daddy Yankee's "Gasolina", a hit song by Daddy Yankee, plays in the background.
A spokesperson from the company that created the advertisement, A Granel said they only sell to registered private businesses. The company charges $2.50 per liter for a 940-liter tank.
CUBA GAS STATIONS UP TO GRABS? Manuel Marrero Cruz, Cuba's Prime Minister, said late in July that Cuba had approved the first foreign venture to import and sell fuel on the Island. He didn't identify the company.
Cuban law prohibits companies from reselling fuel imported without express authorization. Cuba has not yet approved retail sales despite the reforms that indicate private companies may be able soon to operate some of the distinctive Cupet red and green gas stations.
Oniel Diz, the founder of Havana's consulting firm Auge, stated that some state-run gas stations store U.S. gasoline, which they can only disburse to vehicles registered with specific private companies. Cuban authorities have not responded to requests for comments. On July 29, President Miguel Diaz Canel denounced Washington's "genocidal" siege of the island. He said that the United States was not behind economic reforms and promised no "massive" privatization of assets. In response, State Department spokesperson Tommy Pigott stated that Washington acknowledged "the significant humanitarian need" of Cubans while accusing Cuban officials of incompetence, diverting resources without evidence. He stated that private businesses, non-governmental organizations, and diplomatic missions import fuel, mainly from the United States. However, he did not respond to questions regarding the impact of U.S. policies on Cuba's high prices and black market.
The average monthly government salary is only $10 (roughly 6,700 pesos), so imported fuels are out of reach for most of the island's nine million residents.
Fuel sold on the blackmarket is illegal in Cuba and violates U.S. export regulations, which state that fuel can only be used by the private sector and not the Cuban government.
Jorge Pinon, an energy expert and former oil executive from Cuba who works at University of Texas at Austin, stated that "it looks good on paper but there is no monitoring of the people's compliance" with the restrictions.
The news agency was not able to determine the amount of U.S. gasoline that reaches the black markets, nor could it find any evidence that the fuel ended up in Cuban officials' hands or government entities sanctioned by the U.S.
Diaz stated that other countries such as Mexico and Panama have also exported small amounts to Cuba's Private Sector in recent months.
STATE CONTROLS?PORTS and GAS STATIONS
Fuel destined for U.S. private buyers is currently required to pass through state-owned ports and storage tanks controlled by entities sanctioned by the U.S.
Diaz says that private Cuban companies enter into service agreements for the use state infrastructure with these entities, paying?11 cents per liter. No evidence was found that fuel is being diverted in this process.
Jeremy Paner is a former U.S. Treasury Department Investigator who advises businesses.
Cuba has said it will continue to relax restrictions and encourage private investment but it is unclear how far these reforms will extend.
Mayra Espina is a Cuban sociologist who specializes on poverty. She says that the few supplies of expensive U.S. gasoline don't even begin to compensate for the volume of fuel Trump's embargo has kept out.
She said, "At least it has prevented the country from being paralyzed." For the vast majority who depend on public services, "it increases and entrenches inequalities." Reporting by Laura Gottesdiener in Havana and Ayose Naranjo in Mexico City. Claudia Parsons edited the piece.
(source: Reuters)