Mali elections

Egypt: Switzerland conditions release of Mubarak’s deposits in Swiss banks

Switzerland has informed the Egyptian government that the funds deposited by President Mubarak and his two sons during his rule in Swiss banks would not be returned to the State unless Bern is certain that the funds were illegally obtained as alleged. The announcement was made by Swiss attorney-general Michael Lauber during a press conference […]

Mali’s top Court upholds Appeal Court decision fining Moov Africa Malitel, Orange-Mali

Mali’s Supreme Court has confirmed in a final decision demanding Moov Africa Malitel and Orange-Mali, two telecom companies, to pay up to $195 million to the Association of Telecom service clients (Remacotem). Remacotem in 2021 sued both companies before the courts for illegal taxation of calls answered by the answering machine. The telecom companies denied […]

Hope For The Best: Argentines Wake Up In Default

The mood is defiant in the streets of Buenos Aires after Fitch Ratings and Moody’s Investors Service declared today Argentina in default on some bonds for the eighth time in its history.   This follows Standard & Poor’s Ratings’ Services cutting its credit rating on the the South American nation’s foreign-currency sovereign debt to “selective […]