Credit rating agency Moody’s downgraded Tunisia’s credit rating to B2 against the backdrop of deteriorating fiscal situation, complicating the government’s plans to borrow from international lenders. Moody’s cut Tunisia’s rating by one notch to B2– five levels below investment grade and on a par with Argentina, Nigeria, Cameroon and Kenya. Moody’s rating downgrade will complicate […]
Russian President Vladimir Putin ordered the start of a large-scale attack on Ukraine at dawn on Thursday (24 February) with explosions reported in the cities of Kyiv, Kharkiv, Dnipro, and Mariupol across the country. European Union and NATO leaders immediately condemned the invasion, with European Commission president Ursula von der Leyen calling on Russia to […]
Former French president Nicolas Sarkozy is facing a potential 10-year prison sentence as his trial over alleged corruption linked to his 2007 presidential campaign continues in Paris. Sarkozy is accused of striking a “corruption pact” with the late Libyan leader Muammar Gaddafi, who allegedly funded Sarkozy’s campaign in exchange for political favors. The prosecution argues […]
