A big sailing ship on Wednesday

 

On this warm and sunny Wednesday, a large white sailing ship docked at the port of Civitavecchia. It gives a different image of the port, as it seems the picture was taken one century ago. But it isn't the case. I took it this morning.

Meanwhile it isn't raining, and we're worried as we can see dried grass in our environs and countryside without rain for a long time. 

Enjoy the rest of this sunny week!

Restaurant on the bank of the major river in Thailand

Since 2020 a restaurant on the bank of the Chao Phraya river near Bangkok, Thailand, have had big problems because of Covid-19 pandemic. Unfortunately, more problems have come when water in the river started to rise in 2021.

The owner of the restaurant wanted to close, but he decided to wait. So the restaurant stayed open, and customers enjoyed dining while the river washed their feet. People shared funny videos on social media, which probably saved the restaurant. More people wanted to visit the place and enjoy its special atmosphere.

It seemed that the floods would destroy the business, but they made it grow again.  

The food in the pictures above above is not typical of Thailand. A friend of mine made the two pictures at a restaurant in China, Jiangsu province. He went there for job four years ago.

Madrid's NATO summit

Good news from the Madrid's NATO summit: the North Atlantic intergovernmental military alliance at the moment doesn't have specific plan in deploying weapons to Sweden and Finland, for the simple reason that the two nordic countries are not members of NATO for now.

The problem is that Putin said Russia would have to answer in kind if NATO infrastructure were to be deployed to Sweden and Finland.

A friend of mine took the two pictures above some years ago in Sweden. 

Flames close to Rome

 

There is bad news in Rome and its surrondings from an environmental point of view. Last week, more than 90 firefighters were on the waste management centre located close to Rome, as flames engulfed the site. The picture above shows the fire in the waste storage facility. It wasn't easy to extinguish. There is evidence that the fire in the Rome's municipal waste produced high levels of emissions of environmetally significant chemical species, such as dioxins.

Exit of the biggest Italian energy company from Russia

 

This week the great news is that Italy's biggest manufacturer and distributor of energy and gas, Enel SpA, will sell in the next three months its 56.43% stake in Russia to local investors. Established in Russia in 2004, the Italian group will follow similar moves by the world's biggest energy companies, such as Shell and BP after Russian government's invasion of East Ukraine.

In addition, the deal is expected to have a positive effect on the group's consolidated net debt of about 550 million euros. The global reach of the Italian biggest utility extends from Europe to Latin America and India, that's why the company's ordinary financial results would not be affected by the deal to sell the stake in the Russian subsidiary.

Its easy to forecast that other Western multinational companies, which have been established in Russia since long time, are going to do the same.

Wheat shortage crisis

 

There is a great talk about global food crisis fueled by the war in East Europe, as Ukraine plays a major role in the global food system. So while the Ukraine-Russia war directly threatens global food security, wheat prices hit record high in recent days. According to Wionews.com, Russia and Ukraine are two of the top wheat exporters, with respectively 17% and 10% of global export. 

The big question is when will wheat prices come down? Russia and Ukraine have been exchanging accusations over obstructing the movement of wheat shipment through the Black Sea. In my opinion this is a false problem rather than a real barrier, which can't be solved thanks to Intermodal transfer. 

With regards to Ukraine, the wheat could be shipped from the two ports of Costanta (Romania) and Varna (Bulgaria), considering there is an efficient railway system from Odesa (Ukraine) to the two towns just mentioned. Intermodal transfer may involve rail and ship, due to the fact that the four biggest wheat importers (Egypt, Sudan, Turkey, and Yemen) are located close to the Mediterranean area.

China's military drills

Since Russia's invasion of Ukraine, two Western governments have been pushing for Taiwan to order missiles and smaller arms. In the meanwhile, China is conducting military drills near Taiwan, as it seems Chinese are practicing how to invade the island. 

According to WionNews, in the first week of May 2022 China carried out another round of drills near Taiwan. A large number of Chinese warplanes, warships and conventional missiles surrounded the island.

The U.S. has never officially supported Taiwan independence. And the sentence "Taiwan is part of China" had been written on U.S. State Department's website for decades. The fact that this sentence has been recently removed signals a shift. Consequently, the message is clear: America is ready to back an independent Taiwan. In other words, the U.S. would be ready to supply their weapons to Taiwan.