IlluMyFi

Two crew members from Ursa Major are missing and 14 have been rescued, Russian foreign ministry says

An engine room explosion sank a Russian cargo ship called Ursa Major in the Mediterranean Sea between Spain and Algeria and two of its crew are missing, the Russian foreign ministry has said.

The vessel, built in 2009, was controlled by Oboronlogistika, a company that is part of the Russian defence ministry’s military construction operations, which had previously said it was en route to the Russian far-eastern port of Vladivostok with two giant port cranes lashed to its deck.

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25.12.24 01:00

by theguardian.com

Labour urged to lead global debt relief effort as cost of repayments soars

Campaigners call for action in 2025, as crippling repayments prevent spending to cut poverty and tackle climate crisis

Campaigners are urging Labour to lead the charge for global debt relief in 2025, as new analysis shows lower-income countries spent 15% of their revenue on repayments this year – the highest level for three decades.

Calculations by the charity Debt Justice, based on data from the World Bank, show repayments from poorer countries bottomed out at 4.4% of income in 2011 but have since trebled.

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