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Ecuador backtracks on plan to send weapons to Ukraine
Ecuador backtracks on plan to send weapons to Ukraine
Economy
by  AFP

Ecuador's foreign minister said Monday the country did not plan to send Soviet-era weapons to Ukraine after the president's vow to do so sparked a spat with Moscow over banana and flower exports. On Friday Ecuador's Trade Minister Sonsoles Garcia said on X that the Russian embargo on five banana exporting companies had been lifted.

Italy takes over troubled steel mill
Italy takes over troubled steel mill
Economy
by  AFP

Following months of unsuccessful talks, the Italian government Monday launched a temporary state takeover of a troubled steel mill that that is majority-owned by steel giant ArcelorMittal, according to sources close to the situation. ArcelorMittal owns a 62 percent stake in the Taranto steel mill and the Italian state the remaining 38 percent.