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Winding-up petition against Air Seychelles withdrawn as part of rescue plan

A petition filed in August last year by the Apex Trustees Bondholders to recuperate investment made in Air Seychelles has been withdrawn, the national airline said on Tuesday. Air Seychelles said that the petition was withdrawn after the airline was able to provide the settlement funds of approximately $28m in escrow, which means being held [...]

By | 2022-05-11T21:35:51+00:00 May 11th, 2022|Uncategorized|Comments Off on Winding-up petition against Air Seychelles withdrawn as part of rescue plan

Seychelles-Mauritius jointly managed area: New company to be chosen to survey Mascarene plateau

Seychelles and Mauritius have agreed to appoint a new multi-national company to survey its jointly managed Mascarene plateau area after the contract of the previous company was discontinued. The decision was announced prior to the 22nd meeting of the Mauritius-Seychelles Joint Commission of the Extended Continental Shelf in the Mascarene in Seychelles' capital of Victoria on Tuesday. [...]

By | 2022-05-11T19:18:33+00:00 May 11th, 2022|Uncategorized|Comments Off on Seychelles-Mauritius jointly managed area: New company to be chosen to survey Mascarene plateau

Sri Lanka orders 'offensive' to contain riots

Sri Lankan police have been ordered to go on the offensive and use live ammunition to prevent "anarchy", a top official told AFP Wednesday after another night of sporadic arson attacks. Police say eight people have died since Monday, when frustration at a dire economic crisis erupted into violence between backers and opponents of President [...]

By | 2022-05-11T14:56:41+00:00 May 11th, 2022|Uncategorized|Comments Off on Sri Lanka orders 'offensive' to contain riots

Need for investment in ICT infrastructure as Seychelles develops its 'Investor Map' with UNDP

Discussions have started between Seychelles' public and private sectors and the United Nations Development Programme (UNDP) to identify new investment opportunities under the Investor Map Project. In the first working mission to Seychelles for this project, UNDP representatives met with an advisory committee on Tuesday. The objective was to start to validate data and information collected online [...]

By | 2022-05-11T12:45:55+00:00 May 11th, 2022|Uncategorized|Comments Off on Need for investment in ICT infrastructure as Seychelles develops its 'Investor Map' with UNDP

Russians 'pushed away from Kharkiv' as Washington warns of long war

Russian troops are being pushed away from Ukraine's second city Kharkiv, President Volodymyr Zelensky said, but sounded a note of caution as Washington said Vladimir Putin won't stop with the east and is ready for a long war. Following that bleak prediction, and after President Joe Biden warned that Ukraine would likely run out of [...]

By | 2022-05-11T10:53:09+00:00 May 11th, 2022|Uncategorized|Comments Off on Russians 'pushed away from Kharkiv' as Washington warns of long war

Putin's current dilemma was JFK's worst fear

Reflecting on the Cuban missile crisis, President John Kennedy once warned that nuclear powers "must avert those confrontations which bring an adversary to a choice of either a humiliating retreat or a nuclear war." Source: Latest CNN News

By | 2022-05-11T08:04:23+00:00 May 11th, 2022|Uncategorized|Comments Off on Putin's current dilemma was JFK's worst fear

House passes $40 billion Ukraine aid bill

The Democratic-led House of Representatives voted on Tuesday evening to pass a roughly $40 billion bill to deliver aid to Ukraine as it continues to face Russia's brutal assault. Source: Latest CNN News

By | 2022-05-11T06:19:20+00:00 May 11th, 2022|Uncategorized|Comments Off on House passes $40 billion Ukraine aid bill