european parliament

Nigerians lose UK Supreme Court’s case over Shell oil spill

The UK’s Supreme Court has ruled that it was too late for a group of Nigerian claimants to sue two Shell subsidiaries over a 2011 spill off the coast of Nigeria’s Niger Delta. The legal case, launched by residents of Nigeria’s oil-producing Niger Delta, is one of a series of legal battles Shell has been […]

Chinese Tinci Materials plant in Morocco to produce 100,000 tons of Lithium annually

The Chinese Tinci Materials facility in Morocco whose construction was announced end of June this year will produce 100,000 tons of Lithium hexafluorophosphate and electrolytes. The manufactured materials are intended for electric vehicles in the European market, the European Union (EU) having announced a ban on the sale of internal combustion vehicles by 2035, reported […]

Moody’s downgrades Egypt’s rating to ‘B3’

Moody’s Investors Service cuts Egypt’s sovereign rating by one notch to B3 from B2, saying that it does not expect the country’s liquidity and external positions to rebound quickly. The change comes as the Arab country has continued to face a foreign currency shortage despite allowing the Egyptian pound to depreciate sharply in recent months. […]