Amazon triples quarterly profit

The company's cloud, ads, and retail businesses thrive.

McDonald’s profits up 7%

The quarterly profits increased despite weak Middle East sales.

ADQ buys stake in Plenary Group

The deal is aimed at expanding public and social infrastructure.

FPT and Nvidia to build AI factory

Nvidia had invested around $250 million in Vietnam.

Swiss reserve hike hits UBS

The reserve requirement will increase from 2.5% to 4% from July 1.

UN ship with grain for Africa leaves Ukraine: ministry

The UN-chartered vessel MV Brave Commander loads more than 23,000 tonnes of grain to export to Ethiopia. (AFP)
  • Kyiv and Moscow agreed a deal brokered by the UN and Turkey last month to unblock Black Sea grain deliveries after Russia's invasion
  • The agreement lifted a Russian blockade of Ukraine's ports and established safe corridors through the naval mines laid by Kyiv
A UN-chartered vessel laden with grain set off from Ukraine for Africa on Tuesday following a deal to relieve a global food crisis, the ministry in charge of shipments said.
The MV Brave Commander left the Black Sea port of Pivdennyi and will sail to Djibouti “for delivery to Ethiopia”, the infrastructure ministry said on Telegram.The ship is carrying 23,000 tons of wheat.It is the first ship chartered by the UN World Food Program (WFP) to leave Ukraine since the start of the Russian invasion in February and the government has said it hopes two or three similar shipments will follow soon.

Ukraine and Russia are two of the world’s biggest grain exporters.

Kyiv and Moscow agreed a deal brokered by the UN and Turkey last month to unblock Black Sea grain deliveries after Russia’s invasion.

The agreement lifted a Russian blockade of Ukraine’s ports and established safe corridors through the naval mines laid by Kyiv.

The Ukrainian port authority said that five boats in total with an overall cargo volume of 110,000 tons had left Ukraine Tuesday.

The first commercial ship carrying grain left on August 1. Since then, 21 ships have left Ukrainian ports, the port authority said in its statement.

The WFP says a record 345 million people in 82 countries face acute food insecurity and up to 50 million people in 45 countries are on the brink of famine and risk being tipped over the edge without humanitarian support.

“We are definitely planning other ships to leave the ports of Ukraine, to help people around the world,” Marianne Ward, WFP deputy country director in Ukraine, told journalists earlier while the ship was being loaded at the weekend.

“This should just be the first of many humanitarian ships to leave the ports,” she said.

Later Tuesday evening, the United States announced it would provide an additional $68 million to the WFP.

The funds will be used “to purchase, move, and store up to 150,000 metric tons of Ukrainian wheat to help respond to the global food crisis,” said US Agency for International Development administrator Samantha Powers in a statement.