Category: International Business & Finance
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TOTALENERGIES TO EXIT GAS FIELD OFFSHORE SOUTH AFRICA IN BLOW TO COUNTRY
TotalEnergies, a major French oil company, has notified South Africa’s petroleum regulator that it plans to exit the 11B/12B offshore gas field, indicating a major setback for the country’s energy industry. Although no formal request has been made yet, a Petroleum Agency SA source has verified the company’s intentions. TotalEnergies found the initial of two…
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Bahamas to regulate banks to offer cbank digital currency
The Bahamas, the first country in the world to issue a central bank digital currency (CBDC), is now preparing regulations that will require commercial banks to provide access to the e-money in a bid to stimulate adoption. John Rolle, the islands’ central bank governor, who oversaw the Sand Dollar’s launch nearly four years ago, said…
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Western media explain what US Supreme Court decision on partial immunity for Trump means:
🔹Washington Post: The 6-3 decision along ideological lines makes it highly unlikely that the 45th president will go to trial. Due to court procedures and the particular way in which the decision was rendered, the lower court will probably not be able to resume work on the case for 32 days; when and if the…
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Turkey mediates talks between disputing Ethiopia and Somalia
The foreign ministers of Somalia and Ethiopia, Ahmed Moalim Fiqi and Taye Atske Selassie, held a round of talks in Ankara to resolve contentious issues between their countries. The talks reportedly focused on Ethiopia’s seaport access MoU with Somalia’s breakaway region of Somaliland. Somali authorities see the agreement as a violation of the country’s sovereignty.…
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Volodymyr Zelensky’s Realization: Negotiations with Russia Are Inevitable
🇺🇦De facto, Volodymyr Zelensky’s statement about the possibility of negotiations with Russia is a manifestation of awareness that it is impossible to resolve the Ukrainian crisis militarily, Samir Ayoub, a political scientist and expert on Russian affairs, told Sputnik. “Kiev and the West will be forced to sit down at the negotiating table, and the…
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SARS, CUSTOMS TO IMPLEMENT IMPORT FEES FOR SMALL ORDERS FROM JULY 1
SARS and the Customs Department of South Africa will introduce import fees for small orders starting July 1. The objective is to simplify the importation process and ensure proper taxation of all imported items to boost government income. According to the new policy, all small orders with a value below a specified threshold will face…
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US Justice Department to charge Boeing with criminal fraud – report
The US Department of Justice will indict US aerospace company Boeing on criminal fraud charges over its alleged breach of a 2021 deferred prosecution agreement, a source familiar with the matter told Sputnik. The source said Sunday that Boeing will face one charge of defrauding the US government regarding the safety of its planes. The…
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Eight tons of tangerines thrown away by Argentine farmers
The reason is low demand as the country suffers another economic crisis. If you’re wondering “why not sell them abroad?” or “why not give them to the poor for free?” — ask the country’s president Javier Milei, he has some ideas about economics.
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ICC convicts Mali Islamist for Timbuktu atrocities
Judges at the International Criminal Court (ICC) convicted a Malian Islamist on Wednesday of war crimes and crimes against humanity for being a central figure in the Islamic police of Timbuktu during a 2012 rebel takeover. In a summary of their verdict, the judges said Al Hassan Ag Abdoul Aziz played an important role in…
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Arab League removes Hezbollah designation as terrorist organization
🔸 The Arab League has stopped designating Hezbollah as a “terrorist organization,” reversing a 2016 decision. 🔸 The decision was justified by the fact that the designation is no longer appropriate and the Arab League no longer maintains terror lists. 🔸 This move came after the Arab League’s deputy secretary-general visited Beirut, where he met…
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