Societe Generale SA, France’s second-largest bank, was sued in the U.K. by the Libyan Investment Authority, after the sovereign-wealth fund sued Goldman Sachs Group Inc. in January over derivatives trades.
A month after Muammar Qaddafi’s regime collapsed, Dania Ben Sasi swept onto a makeshift stage in the west Libyan town of Zuwara and filled its streets with songs in a Berber dialect that had been banned for more than 40 years.
Libyans headed to the polls to elect a committee to draft a new constitution, a milestone in the nation’s post-revolution transition that’s been marred by a key minority group’s boycott and low voter registration.
Goldman Sachs Group Inc. made about $350 million on “worthless” derivatives trades after exerting “undue influence” on managers of the Libyan Investment Authority, according to the sovereign-wealth fund, the second- largest in Africa.
Hariga, the biggest oil terminal in east Libya run by the central government, can’t export because gunmen nearby pose a threat to tankers, the port’s inspection and measurement coordinator said. Curbs on the sales helped lift crude prices to a six-month high last year.
The U.S. is collecting greater intelligence on militant networks and their movements in Africa compared with a year ago, using both surveillance satellites and drones as well as spies, Army General David Rodriguez, head of the U.S. Africa Command said.