DIRS.INFO The most relevant business & tech news

☆ Marrakech: Earthquake damages historic sites but spares the modern city
▼ + stars: | 2023-09-10 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +3 min

Marrakech CNN —A small mosque at the heart of the Marrakech Medina in the city’s historical quarter was a treasured place of prayer for the hundreds of traders working at the busy market outside. Outside the damaged mosque, local resident Zined Hatimi recalled the terror of Friday night. The Marrakech Medina, a UNESCO World Heritage site was hit by the 6.8 magnitude earthquake on Friday, the largest to hit the area in at least 120 years. Many of the old buildings inside the Medina have been damaged and some have collapsed entirely. Away from the historical Medina, in many of the modern parts of Marakkech, the impact was barely noticeable.

Persons: Zined Hatimi Organizations: Marrakech CNN, “, CNN, UNESCO Locations: Marrakech, Marrakech Medina, Hatimi, Medina, Morocco, Algeria, Spain, Marakkech

“We felt a huge shake like it was doomsday,” Moulay Brahim resident Ayoub Toudite said. “Ten seconds and everything was gone.”Flags were lowered across Morocco, as King Mohammed VI ordered three days of national mourning starting Sunday. People in Moulay Brahim, a poor rural community of less than 3,000 people, live in homes made of clay brick and cinder block. I was saved by my neighbors who cleared the rubble with their bare hands," said Fatna Bechar in Moulay Brahim. “This is the first time I experienced an earthquake," British tourist Grahame Stuart said in Moulay Brahim.

Persons: “, Ayoub Toudite, King Mohammed VI, —, Al Haouz, Fatna, ” Hamid Idsalah, Grahame Stuart, Mohamed Messi, Al Hoceima, Angela Charlton, Ahmed Hatem, Brian Melley Organizations: —, ”, Aid, Moroccan, UNESCO, Police, Geological Survey, Portuguese Institute for, Civil Defense, Associated Press Locations: MARRAKECH, Morocco, — Morocco, Marrakech, Mountain, Ighil, Al Haouz Province, Al, Moulay Brahim, Turkey, Moulay, ”, U.S, Moroccan, Agadir, Portugal, Algeria, Paris, Cairo, London

☆ Morocco earthquake: Foreign offers of aid arrive
▼ + stars: | 2023-09-10 | by ( ) www.reuters.com time to read: +4 min

Sept 10 (Reuters) - Following are some of the offers of aid and support from foreign governments following the powerful earthquake that struck Morocco late on Friday. A unit from the Spanish Emergency Military Unit (UME) was set to fly to Morocco, Spanish television RTVE reported. FRANCEFrance stands ready to help Morocco but the government there has not yet requested it, a Foreign Ministry spokesperson said on Sunday. Separately, the Foreign Ministry said it was activating a fund of local government contributions to support solidarity actions. TAIWANTaiwan’s fire department said on Saturday it had put a team of 120 rescuers on standby to go to Morocco the moment they get instructions from Taiwan’s foreign ministry.

Persons: Jose Manuel Albares, Albares, ISRAEL Israel's Magen David Adom, Magen David Adom, Algeria's, Nawaf Al, Ahmad Al, Jaber, Frances Kerry, Elaine Hardcastle Organizations: Interior, Catalunya Radio, Moroccan, Spanish Emergency Military Unit, Foreign Ministry, Orange, Crescent, Ministry of Health, Israel Defense Forces, Sunday, Reuters, Thomson Locations: Morocco, TUNISIA Tunisia, SPAIN, Spain, Spanish, FRANCE France, Belgium, Poland, Romania, Slovakia, Moroccan, ALGERIA Algeria, TURKEY, AFAD, Turkish, Turkey, KUWAIT, Jaber Al, Sabah, TAIWAN

Fadel Senna/AFP/Getty Images People mourn earthquake victims in Moulay Brahim, Morocco, on September 9. Fadel Senna/AFP/Getty Images A resident navigates through the rubble in Marrakech, Morocco on September 9. Fadel Senna/AFP/Getty Images A woman looks at the rubble of a building in Marrakech, Morocco on September 9. Fadel Senna/AFP/Getty Images A damaged vehicle sits in a street in Marrakech, Morocco on September 9. Abdelhak Balhaki/Reuters Residents take shelter outside following the earthquake in Marrakech, Morocco on September 9.

Persons: Mohamed Aithadi, Morocco’s King Mohammed VI, King Mohammed VI, Fadel Senna, Moulay, Said Echarif, Abdelhak Balhaki, Mosa'ab, Mohammed, ”, Joe English, Al Hoceima Organizations: Marrakech CNN —, Geological Survey, Reuters, Moroccan Royal Armed Forces, Getty, Anadolu Agency, AP, CNN, UN’s, Fund, UNICEF, …, United, World Health Organization Locations: Marrakech, medina, Moroccan, Morocco’s, Marrakech’s, Tafeghaghte, AFP, Moulay Brahim, Morocco, Amizmiz, Al Haouz province, Fatima, Asni, Ouirgane, Moulay, France, United Arab Emirates, Algeria, Turkey, Al, Agadir

☆ Powerful earthquake strikes Morocco, killing hundreds and damaging historic buildings in Marrakech
▼ + stars: | 2023-09-09 | by ( ) www.cnbc.com time to read: +4 min

This frame grab from video footage taken by AFPTV shows people out in the open in Marrakesh September 9, 2023, following a 6.8 magnitude earthquake that struck Morocco. A rare, powerful earthquake struck Morocco late Friday night, killing hundreds of people and damaging buildings from villages in the Atlas Mountains to the historic city of Marrakech. In 1960, a magnitude 5.8 tremor struck near the Moroccan city of Agadir and caused thousands of deaths. The Agadir quake prompted changes in construction rules in Morocco, but many buildings, especially rural homes, are not built to withstand such tremors. In 2004, a 6.4 magnitude earthquake near the Mediterranean coastal city of Al Hoceima left more than 600 dead.

Persons: Abderrahim Ait Daoud, Talat N'Yaaqoub, Olaf Scholz, Narendra Modi, Lahcen Mhanni, Al Hoceima Organizations: Morocco's, Ministry, UNESCO, Local, Twitter, Indian, United Nations, Geological Survey, Department, National Institute of Geophysics, 2M, Portuguese Institute for, Civil Defense Locations: Marrakesh, Morocco, Marrakech, Moroccan, Al Haouz Province, India, United, U.S, Ighil, Earthquakes, North Africa, Agadir, Al, Portugal, Algeria

☆ Foreign reactions and offers of aid in response to Morocco earthquake
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: +8 min

[1/6] A general view of damage in the historic city of Marrakech, following a powerful earthquake in Morocco, September 9. ****OFFERS OF FOREIGN AID AND SUPPORTALGERIAAlgeria, which broke off ties with Morocco two years ago, said it would open its air space for humanitarian and medical flights to Morocco. TURKEYThe Turkish Foreign Ministry said Ankara was ready to provide all kinds of support "to heal the wounds of the earthquake in Morocco". Valerie Pecresse, president of the Paris region, said on X it was offering 500,000 euros ($535,000)in aid for Morocco. -------------**** ASSISTANCE TO FOREIGN NATIONALSFRANCEThe French Foreign Ministry said its embassy in Morocco and the ministry in Paris have opened crisis centres "to respond to demands for information or help from our compatriots."

Persons: Abdelhak, Algeria's, Olaf Scholz, Antony Blinken, Valerie Pecresse, Benoit Payan, Jose Manuel Albares, Antonio Nogales, Eli Cohen, “, Israel's Magen David Adom, Magen David Adom, Kais Saied, Nawaf Al, Ahmad Al, Jaber, Marcel Ciolacu, NARENDRA MODI, VLADIMIR PUTIN, MOHAMMED VI, KRISTALINA GEORGIEVA, TAYYIP ERDOGAN, ANNALENA, EMMANUEL MACRON, FELIPE, Tomasz Janowski, Frances Kerry Organizations: REUTERS, Turkish Foreign Ministry, UNITED STATES Secretary, French Foreign Ministry, Morocco, Cote d'Azur, Orange, Spain's, Moroccan, ISRAEL, Crescent, Ministry of Health, Israel Defense Forces, INDIAN, IMF, Bank, MINISTRY, Facebook, Ministry of Foreign Affairs, Thomson Locations: Marrakech, Morocco, ALGERIA Algeria, Moroccan, TURKEY, Ankara, AFAD, Turkish, Turkey, GERMANY, New Delhi, Germany, United States, FRANCE, France, Paris, Marseille, Marseille's, Occitanie, Corsica, Provence, Alpes, Belgium, Poland, Romania, Slovakia, SPAIN, TUNISIA, Tunisian, KUWAIT, Jaber Al, Sabah, ROMANIA, TAIWAN, Algeria, Kingdom of Morocco, EMIRATES, German, Rabat

☆ DR Congo, Mauritania and Mozambique qualify for Cup of Nations finals
▼ + stars: | 2023-09-09 | by ( Mark Gleeson | ) www.reuters.com time to read: +2 min

CAPE TOWN, Sept 9 (Reuters) - The Democratic Republic of Congo, Mauritania and Mozambique qualified for the next Africa Cup of Nations finals with wins on Saturday, but the games were overshadowed by the earthquake in Morocco that killed more than 1,000 people. The Gambia and Congo teams had to evacuate their hotel rooms when the quake hit on Friday and spent the night sleeping next to their respective hotel swimming pools. Mozambique booked their place earlier on Saturday with a last-gasp 3-2 home win over Benin in Maputo. On top of hosts Ivory Coast and Saturday's successful trio, the other finalists are Algeria, Angola, Burkina Faso, the Cape Verde Islands, Egypt, Equatorial Guinea, Ghana, Guinea, Guinea Bissau, Mali, Morocco, Nigeria, Senegal, South Africa, Tanzania, Tunisia and Zambia. Writing by Mark Gleeson in Cape Town; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Pierre, Emerick, Jean Noel Amonome, Theo Bongonda, Saturday's, Mark Gleeson, Ken Ferris Organizations: Democratic, Africa, Nations, U.S . Geological, Reuters, Confederation of African Football, DR, Belgium, Congolese, Clesio, Ivory Coast, Thomson Locations: CAPE, Democratic Republic of Congo, Mauritania, Mozambique, Morocco, Liberia, Gambia, Congo, Marrakech, The Gambia, Ivory Coast, DR Congo, Sudan, Gabon, Kinshasa, Mayele, Benin, Maputo, Senegal, Burundi, Cameroon, Namibia, Algeria, Angola, Burkina Faso, Cape Verde Islands, Egypt, Equatorial Guinea, Ghana, Guinea, Guinea Bissau, Mali, Nigeria, South Africa, Tanzania, Tunisia, Zambia, Cape Town

☆ Morocco earthquake: What we know so far
▼ + stars: | 2023-09-09 | by ( Amarachi Orie | ) edition.cnn.com time to read: +4 min

CNN —More than 1000 people have died after a powerful earthquake struck the North African country of Morocco on Friday night. When and where did the quake hit? The earthquake struck at around 11:11 p.m. local time. The earthquake is Morocco’s deadliest since 1960 when a quake killed more than 12,000 people. Many world leaders have expressed their commiserations, as well as offered support to Morocco.

Persons: Al Haouz, Fadel Senna, Mohammed, ”, Balhaki, Joe Biden, Emmanuel Macron, Narendra Modi, Volodymyr Zelensky, Vladimir Putin Organizations: CNN, Earthquakes, Geological Survey, WHO, Getty, Reuters, United Nations, Indian Locations: Morocco, Marrakech, Here’s, Casablanca, Al, Moroccan, Taroudant, AFP, Ouirgane, Turkey, Algeria

Mapping the Damage from the Earthquake in MoroccoAn earthquake, which had a magnitude of at least 6.8, struck Morocco on Friday night, killing more than 1,000 people and devastating a region where many vulnerable buildings were unable to withstand the shaking. Shake intensity Very strong Moderate Fes Rabat Meknes Casablanca Safi MOROCCO Marrakesh Essaouira Epicenter Ouarzazate Agadir MOROCCO ALGERIA Shake intensity Very strong Moderate Rabat Casablanca MOROCCO Safi Marrakesh Essaouira Epicenter Ouarzazate Agadir MOROCCO ALGERIA Fes Rabat Shake intensity Meknes Very strong Moderate Casablanca Safi MOROCCO Marrakesh Essaouira Epicenter Ouarzazate Agadir MOROCCO ALGERIA Sources: U.S. Geological Survey (earthquake intensity); WorldPop (population data)The epicenter was about 35 miles west of Oukaimeden, a popular ski resort in the High Atlas Mountains, according to the United States Geological Survey. Rubble filled alleyways in Marrakesh, a UNESCO World Heritage site, and houses were flattened in villages in the countryside. About 3 million more people experienced moderate shaking. Fadel Senna/Agence France-Presse — Getty ImagesAlthough much of southern Morocco, where the quake struck, is rural, the region’s cities and towns are often very densely populated.

Persons: Fadel Senna Organizations: Rabat, . Geological Survey, United States Geological Survey, UNESCO, New York Times, U.S . Geological Survey, MOROCCO MOROCCO Oulad, Agence France Locations: Morocco, Fes Rabat Meknes Casablanca, MOROCCO Marrakesh, Agadir MOROCCO ALGERIA, Rabat Casablanca MOROCCO Safi Marrakesh, Agadir MOROCCO ALGERIA Fes Rabat, Meknes, Casablanca Safi MOROCCO Marrakesh, Oukaimeden, Marrakesh, U.S, WorldPop, Ourir, MOROCCO MOROCCO, MOROCCO MOROCCO Oulad Berhil, MOROCCO, Moroccan

☆ Algeria to allow Morocco flights after quake despite bad ties
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: +2 min

A view shows a damaged building on the road between Amizmiz and Ouirgane, following a powerful earthquake in Morocco, September 9, 2023. REUTERS/Ahmed El Jechtimi Acquire Licensing RightsALGIERS, Sept 9 (Reuters) - Morocco's deadly earthquake prompted Algeria, which cut ties with its neighbour two years ago, to put aside the countries' bad relations and open its air space to aid flights. The border between Algeria and Morocco, the most powerful countries in the region, has been closed since 1994 and Algiers closed its air space to Morocco and suspended diplomatic relations in 2021, accusing Rabat of "hostile acts". During deadly wildfires in Algeria during each of the past three summers, Morocco has made offers of aid that Algiers has publicly ignored. Many Algerians voiced solidarity with Morocco on social media, some saying they hoped the bad political ties would not get in the way of helping their neighbour.

Persons: Ahmed El Jechtimi, Abdelkader Bengrina, Al Bina, Lamine Chikhi, Tarek Amara, Angus McDowall, Mark Heinrich, Frances Kerry Organizations: REUTERS, Rabat, Foreign Ministry, Thomson Locations: Amizmiz, Morocco, ALGIERS, Algeria, Algiers, Western Sahara, North Africa, Europe

The U.S. Geological Survey said the quake had a magnitude of 6.8 with an epicentre some 72 km (45 miles) southwest of Marrakech. "When I felt the earth shaking beneath my feet and the house leaning, I rushed to get my kids out. [1/14]Residents rest in central Marrakesh following a powerful earthquake in Morocco, September 9, 2023. It was Morocco's deadliest earthquake since 1960 when a quake was estimated to have killed at least 12,000 people, according to the U.S. Geological Survey. Marrakech is due to host the annual meetings of the International Monetary Fund and World Bank from Oct. 9.

Persons: Mohamed Azaw, Mohamed Ouhammo, Montasir, Abdellatif Ait, Saida Bodchich, Hannah McKay, Waaziz Hassan, Mohammad Kashani, Zakia Abdennebi, Tarek Amara, Alexander Cornwell, Ahmed Tolba, Jose Joseph, Muhammad Al Gebaly, Adam Makary, Michelle Nichols, Graham Keeley, Josephine Mason, Angus McDowall, Tom Perry, Tomasz Janowski, Frances Kerry, Alexander Smith, Peter Graff, Daniel Wallis Organizations: WHO, Moroccan, Interior Ministry, Geological Survey, Food, High, REUTERS, World Health Organization, UNESCO, . Geological Survey, University of Southampton, International Monetary Fund, World Bank, IMF, Reuters, Thomson Locations: Marrakech, Casablanca, Rabat, Morocco, U.S, Amizmiz, Asni, Tansghart, Abdellatif Ait Bella, Marrakesh, Huelva, Jaen, Spain, Jemaa, Moroccan, Turkey, Algeria, Tunis, Imsouane, Dubai, Bengaluru, Cairo, New York, Madrid, London

The visit was Staffan de Mistura’s first to the Western Sahara since he was appointed in 2021 to oversee U.N. efforts to guide negotiations that date back more than three decades. Morocco annexed Western Sahara, a former Spanish colony in 1975, sparking a conflict with the pro-independence Polisario Front. The region is believed to have considerable offshore oil deposits and mineral resources and is slightly larger than the United Kingdom. The United Nations said in a statement leading up to the trip that he “looked forward to further deepening consultations with all concerned on the prospects of constructively advancing the political process on Western Sahara,” and noted that the visit would precede the publication of a Western Sahara report to the Security Council next month. Morocco referenced its preferred plan to grant the region a form of self-governance that falls short of independence.

Persons: De Mistura, “, Joe Biden hasn't, Mistura's, Joshua Harris, Washington's, Harris, Lounès, ” Organizations: UNITED NATIONS, United Nations, Polisario Front, Security, Trump, U.S, Embassy, APS, “, Moroccan Autonomy Initiative Locations: Western, Morocco, Western Sahara, Spanish, Polisario, United Kingdom, United States, Israel, ”, North Africa, Rabat, Algiers, Algeria, Sahara, “ Morocco, Moroccan

☆ Algeria says it fired warnings at jet skiers who strayed into its sea from Morocco
▼ + stars: | 2023-09-03 | by ( ) www.reuters.com time to read: +3 min

CAIRO, Sept 3 (Reuters) - Algeria's defence ministry said on Sunday its coastguard fired warning shots before firing directly at a man on a jet ski who entered Algerian waters, in an incident that a survivor said left two dead. "After multiple attempts, shots were fired on a jet ski," the ministry said. Another member of their group, Smail Snabi, was detained by the Algerian authorities, Kissi said. "Given that the maritime border area is witnessing intense activity by drug smuggling gangs and organized crime, Coast Guard members fired warning shots," the Algerian statement added. "I did not hear any warning shots.

Persons: Mohamed Kissi, Morocco's, Bilal, Abdelali Mchiouer, Smail Snabi, Kissi, Mchiouer's, Mohamed, Bilal Kissi, Bilal Kissi's, Hatem Maher, Ahmed Eljechtimi, Adam Makary, Ros Russell Organizations: coastguard, Rabat, Coast Guard, Reuters, Sunday, Human Rights, Ministry, Thomson Locations: CAIRO, Moroccan, Saidia, Algeria's, Algerian, Algeria, Morocco, Algiers, Oujda

☆ Tourists from Morocco shot dead after straying into Algerian waters on jet ski- survivor
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

RABAT, Sept 1 (Reuters) - Algerian authorities shot dead at least one Moroccan tourist after a group of five strayed into Algerian waters on jet skis, according to one of the survivors. Another member of their group was detained by the Algerian authorities, Kissi said. Moroccan authorities said they could not comment on the case, calling it a judicial matter. Mustafa Mechouar, the father of Abdelali Mechouar, told Reuters he believed his son was dead and wanted to bury him. "I appeal to Moroccan and Algerian authorities to reach an agreement to bring my son back to me to observe a proper funeral and burial for him," he said.

Persons: Mohamed Kissi, Morocco's, Kissi, Bilal, Abdelali Mechouar, Mohamed, Bilal Kissi, Bilal Kissi's, Mustafa Mechouar, Ahmed El Jechtimi, Tarek Amara, Geert de Clercq, Angus McDowall, Mike Harrison Organizations: Rabat, Ministry, Reuters, Thomson Locations: RABAT, Moroccan, Saidia, Algeria, Morocco, Algiers, Algerian, Oujda, Rabat, Tunis, Paris

☆ ‘It brought back memories of Syria.’ For refugees in Sudan, war is a reminder of the terror they left behind
▼ + stars: | 2023-09-01 | by ( Sana Noor Haq Nadeen Ebrahim Celine Alkhaldi | Sana Noor Haq | Nadeen Ebrahim | ) edition.cnn.com time to read: +14 min

It brought back memories of Syria,” Abad reflected. After settling in Khartoum, Shadi fled to Port Sudan in April when the conflict started – almost exactly six years after he first stepped foot in Sudan in search of stability. We have not received any confirmed report of casualties among Syrian refugees due to the conflict,” the spokesperson said in a statement. The agency has received reports of many Syrian refugees who self-relocated to safe areas, including over 2,000 in Port Sudan, the spokesperson added. But when I sit still, I start getting thoughts about (the war) in Khartoum and Syria,” Shadi, who works as a barista in Port Sudan, said.

Persons: CNN — Abad, ”, Abad, Bashar al, Assad, ” Abad, ‘, George Ourfalian, “, Uzair, ’, Stringer, they’re, Shadi, SANA, it’s, ” Shadi Organizations: CNN, UNHCR, Sudanese, Eritrean, Rapid Support Forces, Getty, “, ”, United, United Arab Emirates, Crescent, International Committee, UN, Port Sudan, Saudi Locations: Aleppo, Syria, Sudan, Sukkari, AFP, UNHCR, Khartoum, Port Sudan, Damascus, United Arab, UAE, Russia, Homs, Port, Saudi Arabia, Jordan, Algeria, Egypt

CNN —A French Moroccan national has died and another was detained by Algerian authorities after an incident off the coast of Algeria, according to a French diplomatic source. A family member who says he witnessed the incident told local Moroccan media that two men had been shot dead Tuesday by Algerian authorities and one was arrested. Mohamed Kaisi was found in the water by the Moroccan security forces after the incident, he told local media. The source added that French authorities are in contact with the families of those affected and in communication with Moroccan and Algerian authorities. Moroccan media said both men killed are French Moroccan.

Persons: Bilal Kaisi, Abdelali Meshawer, Ismail Snaby, Kaisi, Mohamed Kaisi, Le360 Organizations: CNN, Moroccan, Polisario Locations: Algeria, Moroccan, Morocco, Algerian, Sahara

Retail pasta prices rose about 12% this year in Europe and 8% in the United States, according to market research firm Nielsen. CANADA DRYWhen the Prairies turned dry this summer, Canadian farmer Darold Niwa saw hopes of a bumper durum harvest dashed. Durum, the hardest wheat, produces pasta with the prized "al dente" firm texture, unlike soft wheat. In the meantime, Vincenzo Martinelli, president of the durum section of Italian millers association Italmopa, nervously awaits the outcome of the Canadian harvest. "Without Canada, prices will only go up," he said.

Persons: De, Continental Noodles, Vincent Liberatore, Liberatore, Darold Niwa, Jerry Klassen, Philip Werle, There's, Severine, Maisons, Vincenzo Martinelli, Gus Trompiz, Rod Nickel, Emilio Parodi, Ceyda, Julie Ingwersen, Michael Hogan, Caroline Stauffer, David Gregorio Our Organizations: Foods, Nielsen, Grains, CANADA, Prairies, Statistics, Traders, Northstar, European Union, Thomson Locations: Fara San Martino, Italy, PARIS, WINNIPEG , Manitoba, Canada, Turkey, Toronto, Continental, Spain, India, Europe, United States, Oyen , Alberta, durum, Statistics Canada, France, Algeria, TURKEY, Turkish, American, Russia, North Africa, Milan, Ceyda Caglayan, Istanbul, Chicago, Hamburg

☆ Algeria proposes transition to resolve Niger crisis
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Francis Kokoroko/File Photo Acquire Licensing RightsAug 29 (Reuters) - Algeria is proposing an initiative to resolve the political crisis in neighbouring Niger with a six-month transition period led by a civilian, Foreign Minister Ahmed Attaf said on Tuesday. Attaf, who recently toured West African states, said "most of the countries we have talked to are against military intervention to end the crisis". Algeria has repeatedly said it was against military intervention, pointing to the chaos that followed NATO action in Libya in 2011 during its uprising against longtime leader Muammar Gaddafi. Algerian officials have spoken three times since the coup to the Niger military leader, who wants a transitional period of up to three years, Attaf said. Last week Algerian state television said President Abdelmadjid Tebboune had denied permission to France for a possible military operation in Niger, but France denied it had sought any such permission.

Persons: Francis Kokoroko, Ahmed Attaf, Attaf, Muammar Gaddafi, Abdelmadjid Tebboune, Lamine Chikhi, Angus McDowall, Andrew Cawthorne, Alex Richardson Organizations: Defense, REUTERS, West, ECOWAS, NATO, United Nations, Thomson Locations: Republic of Niger, Accra, Ghana, Algeria, Niger, West African, Libya, Sahel, Algerian, France

Leslie Maasdorp, Vice President and chief financial officer (CFO) of New Development Bank (NDB), speaks during an interview with Reuters at the bank's headquarters in Shanghai, China July 10, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsJOHANNESBURG, Aug 23 (Reuters) - The New Development Bank of the BRICS group of nations will not be announcing new members at the BRICS Summit in South Africa this week, its Chief Financial Officer Leslie Maasdorp told Reuters on Wednesday. The bank, which was set up in 2015 to give BRICS members Brazil, Russia, India, China and South Africa a greater say in financing infrastructure than in Western-led institutions like the World Bank, is keen to attract new members to boost its capital base after U.S. sanctions on Russia hobbled its lending. "The process of ratifying new countries is happening at the discussion of the (BRICS) leaders, which they are having without us as the bank," Maasdorp told Reuters in an interview on the sidelines of the summit. ($1 = 94.4650 roubles)Reporting by Rachel Savage; Writing by Bhargav Acharya; Editing by Alexander Winning and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Persons: Leslie Maasdorp, Aly, Maasdorp, Rachel Savage, Bhargav Acharya, Alexander Winning, Emelia Organizations: New Development Bank, Reuters, REUTERS, Rights, World Bank, United, United Arab Emirates, U.S ., Thomson Locations: Shanghai, China, Rights JOHANNESBURG, South Africa, Brazil, Russia, India, Western, Egypt, Bangladesh, United Arab, Saudi Arabia, Algeria, Argentina

☆ Top EU official warns West needs to act to avoid losing developing world's trust
▼ + stars: | 2023-08-23 | by ( Marc Jones | ) www.reuters.com time to read: +3 min

[1/2] South African delegates sit behind a glass with BRICS logo as the BRICS summit is held in Johannesburg, South Africa August 23, 2023. Headquartered in Shanghai, the New Development Bank was established in 2015 by BRICS members. "It's symptomatic of something that Europe and Western institutions must confront urgently," Hoyer said of the bank's rise in importance. "Unless we offer genuine partnership and more convincing ways to address the challenges of the Global South whether it is in the energy transition, the issue of indebtedness or tackling glaring health inequality - we are heading for trouble." ($1 = 0.9252 euros)Reporting by Marc Jones Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Alet Pretorius, Werner Hoyer, Hoyer, Marc Jones, Tomasz Janowski Organizations: REUTERS, Investment, New Development Bank, Reuters, EU, West, United Nations, United Arab, Thomson Locations: Johannesburg, South Africa, China, Russia, Africa, EIB, Brazil, India, Ukraine, Shanghai, Bangladesh, United Arab Emirates, Egypt, Algeria, Argentina, Ethiopia, Honduras, Iran, Morocco, Saudi Arabia, Uruguay, Zimbabwe, Europe, Western

☆ What is BRICS, which countries want to join and why?
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +4 min

All the BRICS countries are part of the Group of 20 (G20) of major economies. WHICH NATIONS WANT TO JOIN BRICS AND WHY? It has received backing from Russia and Brazil to join the BRICS. Bolivia's President Luis Arce has expressed interest in BRICS membership and is expected to attend the summit. Algeria said in July it has applied for BRICS membership and to become a shareholder in the New Development Bank, the so-called BRICS Bank.

Persons: Commerce Wang, Competition Ebrahim Patel, Goldman Sachs, Jim O'Neill, Luis Arce, Bhargav Acharya, Olivia Kumwenda, Tomasz Janowski Organizations: Commerce, Africa's, Trade, Industry, Competition, of Trade, Economic, United Nations, World Bank, of, Petroleum, WHO, Democratic, U.S, New Development Bank, BRICS Bank, Thomson Locations: South Africa, China, JOHANNESBURG, Brazil, Russia, India, Johannesburg, United States, United, Iran, Saudi Arabia, United Arab Emirates, Argentina, Algeria, Bolivia, Indonesia, Egypt, Ethiopia, Cuba, Democratic Republic of Congo, Comoros, Gabon, Kazakhstan, Cape Town

☆ Morocco has not applied to join BRICS - state media
▼ + stars: | 2023-08-19 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Wu Hong/Pool/File photo Acquire Licensing RightsRABAT, Aug 19 (Reuters) - Morocco has not made a formal request to join the BRICS grouping and will not attend its summit in South Africa, state news agency MAP said on Saturday. Citing an unnamed diplomatic source, MAP denied a statement by South Africa's foreign minister Anil Sooklal who said earlier this month Morocco was among the nations seeking to join the bloc. "South Africa allowed itself to speak about Morocco's ties with the BRICS without prior consultation," it said. Morocco would not attend the BRICS meeting in South Africa, MAP said, adding: "South Africa has in fact always shown a primary hostility towards Morocco and has systematically taken negative and dogmatic positions on the Moroccan Sahara issue." Morocco is attached to a non-divisive multilateralism and has good ties with the rest of BRICS member states, it said.

Persons: Wu Hong, Anil Sooklal, Ahmed Eljechtimi, Tomasz Janowski Organizations: Xiamen International Conference and Exhibition Center, REUTERS, South, Polisario, Thomson Locations: Brazil, Russia, China, South Africa, India, Xiamen, Fujian Province, Morocco, Africa, Algeria, Western Sahara, Moroccan

☆ Fact Check-Video shows military vehicles in Algeria, not Niger
▼ + stars: | 2023-08-18 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A video of a military parade in Algeria is being falsely claimed online to show the Algerian army arriving in Niger. Reuters verified the exact location of the video using satellite imagery to be in Algeria, not Niger. The column of military vehicles in the clip is travelling on the eastbound carriageway of Rocade Nord d’Alger, opposite a service point for logistics giant DHL. The military vehicles in the video also have posters with "60" stuck on them. The video shows military vehicles in Algeria, not Niger.

Persons: ”, Algeria’s, Abdelmadjid Tebboune, Read Organizations: Economic, West, Reuters, Rocade Nord d’Alger, DHL, Google, Vehicles, Algerian Locations: Algeria, Algerian, Niger, States, Rocade Nord

☆ Factbox: BRICS summit 2023: What's likely to be discussed?
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +4 min

Putin will participate in the summit virtually and will be represented in Johannesburg by Foreign Minister Sergei Lavrov. BRICS EXPANSIONThe leaders are divided over the expansion of the bloc by adding new members, including the admission criteria. BRICS BANKThe group is also expected to discuss how to boost local currency fundraising and lending within the New Development Bank (NDB), or so-called BRICS bank. While the NDB, which was established in 2015, is still looking at the potential use of alternative currencies, there will be no talk about a common BRICS currency during the summit, South Africa's senior BRICS diplomat said. 'FRIENDS OF BRICS'The last day of the summit is expected to focus on talks with leaders from other countries.

Persons: Aly, Cyril Ramaphosa, Xi Jinping, Luiz Inacio Lula da Silva, Narendra Modi, Vladimir Putin, Putin, Sergei Lavrov, Enoch Godongwana, BRICS, Naledi Pandor, Emmanuel Macron, Macron, Pandor, Anait Miridzhanian, Olivia Kumwenda, Tim Cocks, Nick Macfie Organizations: New Development Bank, REUTERS, Rights, Indian, International, Africa's Finance, Federal Reserve, United Arab, South African Foreign, Ukraine, Continental Free Trade Area, Thomson Locations: Shanghai, China, Rights JOHANNESBURG, Brazil, Russia, India, South Africa, Johannesburg, Ukraine, Saudi Arabia, Iran, United Arab Emirates, Argentina, Indonesia, Egypt, Ethiopia, BRICS, United States, South, Bangladesh, Uruguay, Algeria, Honduras, Zimbabwe, Africa, Latin America, Asia, Caribbean, France, Russian

☆ A multitrillion-dollar carbon bubble? Climate chief warns world leaders over fossil fuel plans
▼ + stars: | 2023-08-16 | by ( Sam Meredith | ) www.cnbc.com time to read: +7 min

The message from the world's leading climate scientists in April last year was that a substantial reduction in fossil fuel use will be necessary to curb global heating. The burning of fossil fuels such as coal, oil and gas is the chief driver of the crisis. Indeed, the IPCC said that current fossil fuel use was already more than the planet could handle and additional projects were destined to lock in even greater emissions with devastating consequences. The U.N. climate panel also estimated that fossil fuel investors could be at risk of losing between $1 trillion and $4 trillion if governments act to limit global temperature rise. Despite this, some of the world's richest nations, such as the U.S. and China, have cited energy security as a reason for investing in additional fossil fuel projects.

Persons: Jim Skea, Fabrice Coffrini, Skea, We've, Fethi Belaid, Hoesung Lee, Rishi Sunak's, Danny Lawson, Biden, Mario Tama Organizations: Afp, Getty, CNBC, South, Imperial College London, Greenpeace, United Arab, Social, Trans, Trans Alaska Pipeline System, National Petroleum Reserve Locations: Algeria, Europe, North Africa, East, Asia, staving, China, Ukraine, Paris, Richmond , North Yorkshire, United Arab Emirates, Trans Alaska, Alaska, Delta Junction

Search resuls for: "algeria"

25 mentions found