Channel

The European Union is preparing a novel way to finance Ukraine’s war and budget needs in 2026 and 2027 by mobilizing frozen Russian central bank assets—without crossing the legal red line of outright confiscation. The plan, centered on Euroclear in Belgium and a European Commission-issued “Reparations Loan,” aims to turn immobilized Russian funds into immediate support for Kyiv while preserving Moscow’s legal claim to its principal. At stake is up to €165 billion of the roughly €210 billion in Russian sovereign assets frozen…

The Hobyo-Port Initiative (Courtesy of MyProperty) Pretty recently, Turkish builders have been all about turning African air and sea ports into some real head-turners. Summa Construction is knee-deep in airport ventures in Nigeria. Meanwhile, Metag Holding, hailing from Ankara, inked a $70 million blueprint to spruce up Hobyo Port, Somalia's mighty second-largest. These Turkish enterprises are grabbing the spotlight with their big plays in boosting African airwaves and waterways. "Metag Holding's freshly inked pact looks…

Mogadishu (AX) — Tragedy struck as a two-year-old Somali boy was counted among four migrants who perished while daring to traverse the English Channel from France to the UK last Saturday, reported French officials. The overcrowded boat, jam-packed with nearly 90 souls, became a suffocating trap for the little boy, underscoring the perilous nature of human smuggling in these waterways. The boat, carrying the young child, experienced engine trouble, sparking chaos aboard. French rescue teams acted swiftly, responding to the…

A heartbreaking tragedy unfolded overnight as a two-year-old boy lost his life, and several adult migrants perished during two separate incidents involving overcrowded boats attempting to navigate the perilous waters of the Channel en route to Britain, according to French officials. This little boy was found unresponsive in a dinghy that was far beyond its safe capacity when a distress signal was raised early this morning. Tragically, the boat—a veritable floating sardine can—was attempting to ferry nearly 90 individuals…