Stuck Cargo Ship in Egypt's Suez Canal 'Partially Refloated'

The Ever Given, a massive container ship, has been blocking the Suez Canal since Tuesday. Rescue teams have partially refloated the ship using tugboats, raising hopes for a resumption of canal activity. The blockage has severely disrupted the global supply chain, causing billions of dollars in daily losses. Egypt, which manages the canal, has suffered significant revenue losses due to the halted traffic.

What are the hopes regarding the resumption of activity?

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What financial impact has Egypt faced due to the stoppage in traffic?

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