News and Media
DFC $60 Billion U.S. Corporation
The DFC (Development Finance Corporation) represents an important new financing source for companies investing in emerging markets overseas, as well as in projects in the U.S. that enhance the domestic response to COVID-19. The recently launched DFC has up to $60...
What is the difference between Bonds vs Bank Guarantees
People often ask what is the difference between Surety Bonds vs Bank Guarantees. The products are generally identical and have exactly the same obligations, at law when called on for payment. Under an unconditional bank guarantee, the bank’s liability to make a...
Workers abducted from Multi Million Dollar Infrastructure Project in Nigeria
Four Chinese workers abducted from a quarry site in southern Nigeria have been freed, police said Sunday. Unknown gunmen abducted the Chinese workers in Akpabuyo a major infrastructure project in Cross Rivers state last month and killed their police guard. "We were...
70% of the damages resulting from the devastating explosion in the Beirut port are not covered by insurance.
The Association of Insurance Companies in Lebanon (ACAL) has said that about 70% of the damages resulting from the 4 August devastating explosion in the Beirut port are not covered by insurance. According to preliminary estimates, the value of insured damages may...
Kidnapped Victim Rescued
Businessman found safe and unharmed in rural Free State town after being kidnapped. Five alleged kidnappers have been arrested. Police in the Free State have rescued a businessman who was kidnapped nearly two weeks and arrested five of his alleged kidnappers. Shaiful...
Explosion Tragedy Was Man-made
This past terrible Tuesday, a bloodied young man as a result of the explosion stopped in a Beirut street to speak to a Western reporter. In that second, he spoke for us all in lamenting his stricken city. “We’re cursed. Even if the explosion was an accident, it is the...
Pressure Utilities Heightens Political Risk — Moody’s
MANILA, Philippines — The pressure exerted by Malacañang on big businesses, particularly on telecommunications providers as well as water concessionaires, may indicate unpredictability as well as weakening political and legal governance in the Philippines, according...
Kidnapping – Chinese Students Are Targets
Kidnapping - Chinese Students are Targets. Recent cases reveal the evolution of a crime that often exploits worry over family members abroad with digital savvy and old-fashioned coercion. Some scammers pretended to be from the Chinese Embassy in Canberra, Sydney-...
Pirates Kidnap Seven Russian Sailors
Pirates have kidnapped seven Russian sailors from the crew of a ship in the Gulf of Guinea, the Russian Embassy in Nigeria said on Monday. The seven Russians were among 13 crew members pirates abducted from the Curacao Trader 210 miles off the coast of Benin last...
German Arts Advocate Kidnapped in Baghdad
Hella Mewis started an arts center in the Iraqi capital and supported anti-government protesters last fall. It was not clear who abducted her. Kidnappers in two vehicles seized the German arts advocate at dusk on Monday as she was leaving her office near one of...