Egypt Aims to Boost Tourism with New Megaprojects on the Red Sea
As part of an ambitious strategy to increase tourist flow, Egypt has earmarked several locations along the Red Sea coast for the development of new large-scale tourism projects. The government is targeting investment in the tourism sector to significantly increase visitor numbers and contribute to economic recovery following the impacts of the COVID-19 pandemic.
Continue readingLula's Green Fuel Law: Farmers Get the Favor over Oil Giant Petrobras
Brazilian President Luiz Inácio Lula da Silva has signed a law which significantly alters the regulations concerning the production and use of green fuel in the country. This new legislation is tailored to support local farmers and biodiesel production, putting the oil giant Petrobras at a disadvantage. Lula is managing a transition toward more sustainable energy sources and actively encourages the use of biofuels in the transportation sector.
Continue readingChina Targets EU Dairy Just as Its Own Milk Industry Flounders
China, one of the largest markets for dairy product exports, is increasingly turning to European Union countries in search of dairy products. This shift in pricing policy is tied to recent difficulties in its domestic dairy industry, which is facing growing challenges such as declining production and high feed costs.
Continue readingCanadian Railways: Disruptions in Supply Chains and Their Economic Impact
Recent events on Canadian railways have led to significant disruptions in supply chains and are negatively affecting the overall state of the economy. Transportation issues arising from strikes and technical difficulties have caused businesses across the country to struggle in ensuring their operations. CN Rail, one of Canada's leading rail companies, has already reported delays and cancellations, exacerbating existing distribution challenges.
Continue reading