Category: Production

Malawi Faces Shortages of Foreign Exchange Currency

BLANYRE, MALAWI — Malawi is facing acute shortages of foreign exchange currency, forcing two international airlines to suspend some of their services in the country. The situation has negatively affected the operations of many more local and internatio…

Foreign Investors Consider Ditching China After Exports Slump

China’s export growth slumped in April to its lowest level in almost two years as the country’s “zero-COVID” policy continues to impact manufacturers and, according to trade experts, pushes many foreign businesses to reconsider operations in China.Expo…

Ex-South African convict becomes Mayor and gives up his salary

PRETORIA, A former convict who was recently appointed as mayor of a South African municipality has pledged to give up his salary and other trappings of the office.In his inauguration speech, Gayton McKenzie of the Patriotic Alliance (PA) party said no…

Swiss to Unfreeze $430M as Egypt Money Laundering Probe Ends

Swiss prosecutors will not file any charges after concluding a decade-long investigation into alleged money laundering and organized crime linked to late former President Hosni Mubarak’s circles in Egypt, and will release some 400 million Swiss francs …