January 2022

De La Rue shares drop 30% on turnaround delay as COVID woes worsen

Published by Reuters UK By Yadarisa Shabong (Reuters) -De La Rue has delayed the delivery of its turnaround plan by a year and warned that annual profit will miss market expectations, as the banknote printer struggles with coronavirus-related staff absences and supply chain issues. Shares in the London-listed company tumbled 30% as it said staff shortages, supply snags and cost inflation have got worse, hitting its higher cost sites in Britain and Malta, and lowering its total output for the year. De La Rue launched a three-year turnaround plan in Feb. 2020 after warning on its future and scrapping dividends

CONTINUE READING

Shipwreck leaves four Tunisia migrants dead, seven missing

Published by Al-Araby Four Tunisians, including a young girl, have died and seven others are missing after a boat carrying migrants sank off the country’s central city of Sfax, the authorities said Friday. The boat had set off from Tunisia on Wednesday and went down overnight near the islands of Kerkennah, National Guard spokesman Houssem Eddine Jebabli told AFP. “According to witnesses, there were 32 migrants on board, all of them Tunisians,” he said, adding: “We rescued 21 and quickly recovered a first body.” The coast guard later found three other bodies, including that of a girl aged about 10,

CONTINUE READING

China Exports Its Traditional Medicine to Africa

Hing Pal Singh is among dozens of patients with daily appointments at the Oriental Chinese Herbal Clinic in Nairobi.Singh, 85, has been suffering from spinal problems for five years and is now trying herbal remedies.“There is a slight difference,” Sing…

CONTINUE READING