Somalia PR Observer

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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…

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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…

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South Africa Floods Could Hurt China Trade

Some of the worst flooding in South Africa’s history has left more than 400 people dead and some 40,000 displaced, dealing a devastating blow to the eastern city of Durban, which has a seaport that has also been badly affected.With the port not fully f…

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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 …

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UN: Aging Supertanker Off Yemen at ‘Imminent Risk’ of Spilling Oil

The United Nations warned Friday that an old, neglected oil tanker carrying more than a million barrels of oil is a ticking “time bomb” at “imminent risk” of a major spill off the coast of Yemen that could cost $20 billion to clean up.”If it were to ha…

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Fishy Business: Report Details Chinese Fleet’s Illegal Operations in West Africa

It’s the classic postcard image of Ghana: brightly colored, narrow wooden fishing boats pulling into the dock of seaside village, bringing in the daily catch. But increasingly this way of life is under threat, with a new investigation showing how Chine…

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EU court rules in favour of Mubarak family on assets freeze

LUXEMBOURG, The European Court of Justice ruled in favour of the family of late Egyptian president Hosni Mubarak and confirmed the unfreezing of assets blocked over a decade ago.The European Union had decided in March last year to end sanctions it had …

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Analysts Warn Tunisia Risks Drifting Back to Pre-Revolutionary Era

Political analysts say a quest for ever-greater power by Tunisian President Kais Saied risks sending the nation back to pre-revolutionary times of “strongman” rule.On Wednesday, Saied announced changes regarding the coming legislative elections. Tunisi…