Mine Collapse Kills 13 in Southern Sudan Amid Ongoing Conflict and Economic Strain

A partial collapse of a gold mine in southern Sudan has killed 13 miners and injured six others, according to the state-run Sudanese Mineral Resources Company (SMRC) in a statement issued on Wednesday. The incident occurred last Friday in five abandoned shafts at the Umm Fakroun mine in South Kordofan state. SMRC said the shafts […]

Subprime Entailed Dismissals or the Chronology of a Crisis

The drop of benefits prompted banks, fast earning mongers, to proceed to a wave of dismissals. In 2011, Barclays already split up with more than 4,400 employees, Crédit Suisse planned to expel 2,000 persons and Lloyds Banking Group, 10,000. The massive suppression of jobs is a trend that has affected the financial world for many […]

Impaired loans weigh on banks profitability in 2020

Moroccan banks’ impaired loans ratio surged to 8.6% to stand at a record 80 billion dirhams undermining Bank’s profits in 2020, the central bank said in its latest report. The rise of bad loans takes place at a context marked by the impact of the pandemic on economic activity in general and bank loans in […]