Liberia Financial News

(Reuters) — A drone launched from Iran struck a chemical tanker in the Indian ocean early on Saturday, the U.S. Department of Defense said.

India is set to step up presence in the Arabian Sea after a tanker ferrying goods to Mangalore was attacked by a drone off the Porbandar coast. Additional deployments to ensure the safety of commercial shipping in the region are likely to take place shortly. Officials said that Indian warships are already present in the area and are conducting searches on nearby vessels, while the stricken MV Chem Pluto is being escorted to Mumbai by a coast guard vessel.

India is set to step up presence in the Arabian Sea after a tanker ferrying goods to Mangalore was attacked by a drone off the Porbandar coast. Additional deployments to ensure the safety of commercial shipping in the region are likely to take place shortly. Officials said that Indian warships are already present in the area and are conducting searches on nearby vessels, while the stricken MV Chem Pluto is being escorted to Mumbai by a coast guard vessel.

drone attack on an Indian cargo vessel on the high seas, defence expert Wg Cdr (retd) Praful Bakshi on Sunday said the incident marks a security concern for the country and the entire world as the ship came under fire in an 'innocent area' outside the conflict zone. Speaking on Sunday, the former Indian Air Force (IAF) officer said the suspected drone strike spells concern as it was carried out within the Exclusive Economic Zone of the subcontinent and there were several Indians on board the vessel. «It is very surprising because now you can see the action that was going on around Israel and Gaza, the Red Sea, etc., is now spilling over into the Arabian Sea. That doesn't augur well for the security of this area.

Indian Navy warship INS Mormugao reached MV Chem Pluto, the India-bound merchant vessel, which was 'attacked' by an Iranian drone, on Saturday night and ascertained details of the attack, officials informed on Sunday. According to officials, the Indian Navy has opened an investigation into whether the drone used to attack the vessel was launched from long range or from a nearby vessel. «The vessels operating in the area where the attack took place are being checked,» an official told ANI.

ALSO READ: Rise of pirates in Red Sea to take toll on India’s exim business. Here are items that will turn costlier Maritime security firm Ambrey also informed that the “Liberia-flagged chemical/products tanker... was Israel-affiliated." ALSO READ: Red Sea News-Shipping Corp, other shipping, ports in focus as Red Sea route gets disrupted "Some structural damage was also reported and some water was taken onboard.

By Timothy Gardner

Private refiner Reliance Industries Ltd has booked two supertankers, C. Earnest and C. Genuine, which are scheduled to load crude cargoes from Venezuela between December to early January.

One of the world’s biggest exporters of fossil fuels, the United Arab Emirates, is attempting to position itself as a leader in establishing global carbon markets as it prepares to host annual United Nations climate talks this month. Those efforts are coming under scrutiny as a company owned by one of the U.A.E.’s royal families prepares to secure rights to produce carbon credits from a giant expanse of African forest.

India has allowed the export of non-basmati white rice to the tune of 75,000 tonnes to the UAE. Notably, the export of non-basmati white rice was prohibited from July 20 to check the domestic prices and ensure domestic food security. The exports to UAE are permitted through National Cooperative Exports Limited, the Directorate General of Foreign Trade said in its notification on late Monday evening. While amending the export policy, DGFT maintained that the export will be allowed on the basis of permission granted by the government to other countries to meet their food security needs and based on the request of their government. Last month, India had decided to allow the export of rice to «meet the food security requirements» of Singapore. West African country Benin is one of the major importers of non-basmati rice from India.

Ukraine and its visiting president take center stage at the United Nations this week, but developing countries will be vying for the spotlight as well as they push for faster action on poverty and inequality at the first full-on meeting of world leaders since the COVID-19 pandemic disrupted travel three years ago. The annual meeting at the U.N. General Assembly takes place at a polarizing and divisive juncture in history — the most fraught and dangerous since the Cold War, according to many analysts and diplomats. They point to Russia's invasion of Ukraine in February 2022, which upended already difficult relations among major powers as well as the ongoing impact of the pandemic, high food prices, the worsening climate emergency, escalating conflicts, and the world's failure to tackle poverty, hunger and gender inequality. For developing countries, the top priority is the U.N.'s two-day summit starting Monday aimed at generating action by world leaders to achieve 17 wide-ranging and badly lagging global goals by 2030.

Vedanta Resources has appointed South African mining veteran Chris Griffith to run its base metals unit, including its recently regained Zambian copper mines. Griffith stepped down as chief executive of Gold Fields in December, after a short stint at the Johannesburg-based gold producer, following an unsuccessful bid to buy Canadian Yamana Gold. Much of Griffith's career has been at Anglo American where he ran Kumba Iron Ore and was instrumental in restructuring and turning around Anglo American Platinum . Griffith will head Vedanta's base metals unit, including zinc mines in Namibia and South Africa, an iron ore business in Liberia and will have oversight over processing businesses in the Middle East and India. A mining engineer, Griffith will probably be more focused on restoring Konkola Copper Mines to profitable operation after the Indian company was given back control of the assets by Zambian authorities after years of protracted battle over the ownership. «I look forward to driving innovation, operational efficiency and sustainable growth across Vedanta's base metals businesses, creating KCM as a cornerstone asset for the company and growing the group internationally,» he said in a statement. Vedanta has pledged to invest about $1 billion in the Zambian operation, where some of its underground mines «need immediate recapitalisation», Mines Minister Paul Kabuswe said on Sept.

Bloomberg News. With this, it becomes the latest in a series of alarming revelations about syrup medicines used by children around the world. According to Valisure LLC, an independent US laboratory, a bottle of Cold Out purchased at a pharmacy in Baghdad in March contains 2.1% ethylene glycol, about 21 times the widely accepted limit.

Sierra Leone says it is working with neighboring countries to step up the fight against piracy in the Gulf of Guinea after a Chinese fishing vessel was hijacked in its waters earlier this week

According to Global Firepower, a prominent data website specializing in defence-related information, the United States possesses the most powerful military force worldwide. Russia and China follow closely in second and third place, respectively, while India secures the fourth position.

Located just outside the ancient Aurelian Walls that surround the ancient part of central Rome, the neighbourhood of Pigneto is widely considered the most progressive part of the Italian capital.