Mozambique’s former finance minister is set to be sentenced Friday in a New York court on wire fraud and money laundering charges stemming from the infamous “ tuna bond ” scandal that triggered a financial crisis in the impoverished African nation.

Manuel Chang, 69, was convicted last year of accepting payoffs to put his homeland secretly on the hook for about $2 billion in loans from major overseas banks.

Chang was Mozambique’s top finance official from 2005 until 2015, when he signed off on loans that were supposed to pay for a tuna fishing fleet, a shipyard, Coast Guard vessels and other ...

Coast Guard vessels and other maritime projects. Instead, prosecutors say, bankers and government officials plundered the funds through bribes and kickbacks. Chang, who was Mozambique’s top ...

Forecast issued at 4:20 pm EST on Thursday 23 January 2025. Partly cloudy. Slight chance of a shower in the afternoon and evening. The chance of a thunderstorm in the afternoon and evening. Winds northwesterly 20 to 30 km/h shifting south to southeasterly ...

A low pressure trough continues to move up the coast with a high pressure ridge pushing in behind the change, reaching the northeast during today. A low pressure trough over the inland will linger in place over the coming days, becoming attached to broad ...

Demonstrators burn tires during a protest against the electoral process in Maputo, Mozambique, 27 November 2024. (Photo by EFE/EPA/LUISA NHANTUMBO /MaxPPP) Scenes of chaos, vandalism, and looting ...

TotalEnergies has again delayed the restart of its $20 billion LNG project in Mozambique due to ongoing security issues and political instability.

EXCLUSIVE: The Commandant of the U.S. Coast Guard has been terminated over concerns about the border, recruitment and an "erosion of trust," a senior DHS official confirmed to Fox News.

An open letter Wednesday signed by 126 non-governmental organizations urged public and private lending institutions to end financing for a Mozambique liquified natural gas facility being built by France's TotalEnergies.

To make a direct call to Ivory Coast From Mozambique, you need to follow the international dialing format given below. The dialing format is same for calling Ivory Coast mobile or land line from Mozambique. To call Ivory Coast from Mozambique, dial ...

Nearly 8,000 National Guard members from 40 states have come to Washington. Nearly 8,000 National Guard members from 40 states have come to the nation's capital for security ahead of the ...