The UN Development Programme (UNDP) has started implementing a project to prevent a massive oil spill from a supertanker off Yemen's Red Sea coast with the removal of more than 1 million barrels of oil from the decaying vessel.
The FSO Safer has been at risk of breaking up or exploding for years. A major spill from the vessel would result in an environmental and humanitarian catastrophe.
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Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.