Congestion
Lagos traders send SOS to police, governor over planned market raid
Traders, shop owners and stakeholders operating under the aegis of Balogun Business Association (BBA) in Lagos have raised the alarm over a rumoured threat to raid their market by thugs loyal to a former chairman of the association. The aggrieved traders who addressed reporters yesterday at the Association Secretariat at the popular Lagos International Trade Fair Complex, Badagry Expressway, Ojo, alleged that credible intelligence at their disposal indicates that the planned invasion of their peaceful market would take place between Sunday, June 27 and Wednesday, July 28. Warning of imminent bloodshed of innocent traders should the alleged invasion happen, the Principal Stakeholders, recalling that similar attacks by the same person in the years 2005 and 2007 had led to the loss of lives, ...
Suez Canal reopens after stranded ship is freed
Traffic has resumed in Egypt’s Suez Canal after a stranded container ship blocking it for nearly a week was finally freed by salvage crews. Tug boats honked their horns in celebration as the 400m-long (1,300ft) Ever Given was dislodged on Monday with the help of dredgers. Hundreds of ships are waiting to pass through the canal which links the Mediterranean to the Red Sea. It is one of the world’s busiest trade routes. Peter Berdowski, CEO of Dutch salvage company Boskalis, said the Ever Given had been refloated at 15:05 (13:05 GMT) on Monday, “thereby making free passage through the Suez Canal possible again”. Egyptian officials say the backlog of ships waiting to transit through should be cleared in around three days, but experts believe the knock-on effect on global shipping could take w...
Iran’s smog, blackouts made worse by power-sapping crypto mining
Outages have been compounded by cryptocurrency mining, which uses banks of high-powered computers. Cities across Iran have been cloaked in thick layers of toxic smog and darkened by blackouts, as the alleged use of low-quality fuel and power-sucking cryptocurrency mining deepen the country’s hardships. Tehran’s Hamshahri newspaper, the country’s most-read daily, ran the headline, “20 Days Living in Smoke,” on Wednesday over a photo of the capital covered in smog. Power plants have been forced to switch to burning low-grade fuel oils to generate electricity because high levels of domestic consumption have led to natural-gas shortages, the semi-official Iranian Students’ News Agency reported. Oil Minister Bijan Namdar Zanganeh denied earlier this week that any of Iran’s power stations are us...
