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Rescuers resume search for survivors from blazing Iran oil tanker.

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Rescue boats resumed their search in choppy waters of the East China Sea on Thursday for any survivors from the stricken Iranian oil tanker that collided with a freight ship and burst into flames at the weekend, the Chinese government said.

Smoke is seen from the Panama-registered Sanchi tanker carrying Iranian oil, which went ablaze after a collision with a Chinese freight ship in the East China Sea, in this January 9, 2018 handout picture released by China’s Ministry of Transport January 10, 2018. China’s Ministry of Transport.

The ship remains at risk of exploding and sinking due to spilled oil as the fire raged for a fifth day, the Ministry of Transportation said in a statement on Thursday.

Rescue crews were forced to retreat on Wednesday after a blast on the tanker.

Spilled oil covering the ship body and its surrounding water is still burning, which leaves Sanchi at risk of exploding and sinking,” said the MOT in the statement.

The ministry has sent 12 rescue ships to search for the 31 remaining tanker crew members and to extinguish the fire. One body suspected to be from the tanker crew was retrieved from the water this week.

“Contaminated air from fire and bad weather have increased difficulties of rescue work,” the ministry said.

By 5 p.m. (0900 GMT) on Thursday, tanker was still on fire and search area had expanded to more than 1,000 square miles.

The tanker, run by Iran’s top oil shipping operator National Iranian Tanker Co, hit the CF Crystal vessel that was carrying U.S. grain on Saturday.

The cause of the collision and damage to the tanker were not clear. CF Crystal is under investigation after arriving at Zhoushan port on Wednesday. Sailors from CF Crystal were rescued by a passing Chinese fishing boat on the night of the incident.

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Absa became the new competitor on the Ethiopia market.

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Absa Bank Of South Africa’s  has become the Latest Multinational Corporation to show Interest in Organizing the Ethiopia market.

Ethiopia has since Prevented Foreign Ownership in Economic Sectors that Includes Banking but Abiy Ahmed has began to take fast Action on the issue since he came to power in April.



Jason Quinn, the bank’s chief financial officer, told reporters that Absa was investigating on how and where to enter in a number of populating market, including Nigeria and Angola.

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Am Entrance made into the Ethiopia market of 100 million People, would be part of a Scheme made by Absa after it break from Britain’s Barclays in 2017.

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Ethiopia has plans to liberalise state-owned companies including Ethiopian Airlines, Ethio Telecom, Ethiopian Shipping & Logistics Services Enterprise, and Ethiopian Electric Power, in order to attract foreign direct investment and stimulate growth.

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Motherland News

Black box of the Ethiopian Airline Crash recovered.

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The United Nations described the Sunday crash of the Ethiopia airline as disastrous saying it has cost them a great loss.



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Michael Moller, director-general of the U.N. European head garters said this was the worst loss suffered in years in Geneva in a statement where 150 people where gathered.

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Investigators in Ethiopia have recovered the black box from the ill-fated Ethiopian airline this Sunday.

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