(MENAFN - AFP) Shortly before 11 am on the last Saturday in May, a heavily laden white Mitsubishi truck pulled into the Fuji Motors East Africa car dealership in an industrial neighbourhood on the northern edge of Mombasa.
The truck's cargo was not "household equipment" as declared, but 228 elephant tusks and 74 ivory pieces weighing a total of 2,152 kilograms (4,700 pounds).
(MENAFN - AFP) Spain has emerged from a devastating crisis and entered a "virtuous circle" with faster growth than its neighbours, but the IMF warns that high unemployment and the rise of populist parties still threaten the recovery.
The International Monetary Fund raised its growth forecast for just two nations -- Spain and the United States -- in its gloomy quarterly World ...
(MENAFN - AFP) Investors and financial markets have hailed the European Central Bank's latest monetary policy coup, but some observers warn that Europe might use up all its ammunition in the battle against deflation.
ECB chief Mario Draghi's announcement Thursday that the guardian of the euro would go on a 1.14-trillion-euro ($1.27-trillion) bond-buying spree to drive up ...
(MENAFN - AFP) Vo Van Duong's bamboo and coconut leaf house looks much like others deep in Vietnam's Mekong Delta. But unlike them, his seemingly simple abode is designed to withstand typhoons, flooding and earthquakes -- and at a cost of less than $4,000 could herald a new wave of cheap, sustainable housing.
The natural materials on its surface belie the hi-tech internal ...
(MENAFN - AFP) With oil prices tumbling and ageing equipment making extraction ever more expensive, Britain's North Sea oilfields face a struggle for survival, threatening a vital source of income and energy.
The oil industry has been hard hit by crude prices falling more than 50 percent since June to less than $50 a barrel.
(MENAFN - AFP) A night at the opera: what's a modern man to wear If he's dressed in Dior's latest, unveiled at the Paris fashion week, it'll be a chic evening suit -- rejuvenated with snazzy sneakers, flashes of techno-colour and stylish doses of denim.
That was the autumn-winter collection rolled out late Saturday by Dior's men's artistic director Kriss Van Assche.