996 illegal immigrants rescued off Libyan coast

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Tripoli, May 17 | The International Organization for Migration (IOM) said that 996 illegal immigrants were returned to Libya after being rescued off the country’s coast last week.

Between May 8-14, the migrants were intercepted at sea and returned to Libya, Xinhua news agency quoted the IOM as saying in a statement.

So far this year, a total of 5,711 illegal immigrants have been rescued and returned to Libya, including 493 women and 261 minors, it added.

IOM also said 114 illegal immigrants died and 438 others went missing on the Central Mediterranean route in 2022.

In 2021, a total of 32,425 illegal immigrants were rescued and returned to Libya, while 662 died and 891 went missing off the country’s coast on the Central Mediterranean route, the UN agency revealed.

Libya has been suffering insecurity and chaos ever since the fall of the late leader Muammar Gaddafi in 2011, making the North African country a preferred point of departure for illegal immigrants who want to cross the Mediterranean Sea to European shores.

Source: IANS

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Weekly Fundamental Market Outlook

Weekly Fundamental Market Outlook

Indian share market posted its first weekly gain in Jun by rising 2.7%.

This week, the Indian Stock Market rebounded strongly and ended with first weekly gain of 2.7% in June as a drop in commodity prices offered some relief from broadening inflationary pressures. Copper prices, which are often seen as a bellwether for economic output due to their wide range of industrial and construction uses, are heading for their worst week in a year, while oil prices have dropped over concerns of slumping demand.

While the US recessionary fears are still at the forefront, but the slide in commodity prices has lifted the mood of stock market.Cheaper oil is usually beneficial for oil-importing countries such as India.

Domestically, on sectorial basis, Auto and FMCG are the top gainers, while Metal index is the top losers. On stock basis, Hero MotoCorp, Eicher Motors, Hindustan Unilever, Maruti Suzuki and M&M were the top gainers and Tata steel, UPL, Reliance Industries, hindalco Inds and Coal India were the top losers.

In the next week, investors will keep a close eye on crude oil price movement, commodity prices, US economic activity and the geopolitical development.

 

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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