Australia

Denmark agrees to double salaries for crews sailing the Red Sea

Denmark agrees to double salaries for crews sailing the Red Sea

Denmark’s shipping industry, home to some of the world’s largest companies, agreed to double the salaries of crews sailing the Red Sea to offset the danger posed by recent attacks. Hazardous living conditions benefit comes into effect for time spent in two defined high-risk areas in the regionaccording to an agreement presented on Friday by ...

Maersk Shipping Company schedules dozens of ships to travel through the Suez Canal

Maersk Shipping Company schedules dozens of ships to travel through the Suez Canal

Danish shipping company Maersk.CO said Wednesday that it has scheduled several dozen container ships to travel through the Suez Canal and the Red Sea in the coming weeks, having interrupted his travels in the area this month due to the risk of Houthi attacks. The company added that the schedule is subject to change based ...

Bristol Myers buys RayzeBio for US$4.1 billion, strengthening its cancer therapy

Bristol Myers buys RayzeBio for US$4.1 billion, strengthening its cancer therapy

Bristol Myers Squibb said Tuesday it would buy RayzeBio for about $4.1 billion to bolster its cancer drugs business. marking the second major agreement reached by the drug manufacturer in less than a week. With the deal, Bristol will gain access to RayzeBio’s late-stage targeted cancer therapy, RYZ101, which works by combining radioactive particles that ...

Fortune of the ousted Binance founder increased by US$25 billion in 2023

Fortune of the ousted Binance founder increased by US$25 billion in 2023

The growth in Zhao’s wealth, who goes by his initials CZ, is more than five times greater than the $4.3 billion in fines imposed by Binance. agreed to pay the US authorities. His fortune, currently estimated at more than US$37 billion, stems from his majority stake in Binance, the world’s largest cryptocurrency exchange, which he ...

Five events that gave us something to talk about in terms of trade in 2023

Five events that gave us something to talk about in terms of trade in 2023

2023 has been a year of great uncertainty. From uncertainties due to geopolitical tensions to problems with world trade, they marked the news agenda of the 365 days that are about to end. The year started with the news of the lack of semiconductor chips used in different electronic devices globally. Despite being a market ...

Israeli airstrikes leave 100 dead in Gaza, authorities say

Israeli airstrikes leave 100 dead in Gaza, authorities say

At a funeral held Monday in Gaza, A line of Palestinians touched the white shrouds containing the bodies of at least 70 people whoaccording to Palestinian health authorities, died in an airstrike Israeli directed against Maghazi, in the center of the besieged strip. It was one of the deadliest nights in the enclave in the ...

The nine graphs with which the World Bank summarizes what was experienced in 2023

The nine graphs with which the World Bank summarizes what was experienced in 2023

The World Bank, through an extensive document published on its website, revealed the results of an analysis exercise they carried out to define how we live this year that is just days away from ending. The international entity begins this report with a forceful phrase: “If 2022 was a year of uncertainties, 2023 is the ...

The metropolitan areas in the world that are inhabited by the most millionaires

The metropolitan areas in the world that are inhabited by the most millionaires

“God raises them and they come together,” says a popular saying of Castilian origin; and although parenting cannot be easily defined, the truth is that millionaires are concentrated in critical sectors around the world. Taking into account the World’s Richest Cities Report 2023 by Henley and Partners, we highlight the metropolitan areas globally where high ...

Sales of new homes in the United States fall to their lowest levels in a year

Sales of new homes in the United States fall to their lowest levels in a year

U.S. new home sales unexpectedly fell in November, driven by a sharp decline in the South and suggesting a bumpy road to housing market recovery. Purchases of new single-family homes decreased 12.2% at an annual rate of 590,000 last month, a one-year low, government figures showed on Friday. The median forecast in a Bloomberg survey ...