A large container ship that ran aground in the southern end of the Suez Canal last week has been partially dislodged.
The stern of Panama-registered ship Ever Given, which has been wedged across the narrow single traffic lane of Suez Canal since last Tuesday, was freed from the shoreline in the early hours of Monday.
The Suez Canal Authority confirmed that the vessel was re-floated 80 percent in response to tugs pulling and pushing it.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.