Seychelles News
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Vacation homes for sale in the German town of Prora, on the Baltic island of Ruegen, feature private saunas and sea views at a steep discount to similar properties nearby. The catch? They’re part of a dilapidated complex of identical, unadorned blocks built by Adolf Hitler to house 20,000 workers on Nazi party-sponsored vacations.
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Sub-Saharan African nations outside South Africa are selling $7 billion of debt this year, more than in the past five years combined, as yields more than double those of Treasuries lure investors repelled in the past by violence and corruption.
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State Assurance Corp. of Seychelles, the biggest insurance provider on the island nation, in July will become the Seychelles Securities Exchange’s first listing.
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Etihad Airways PJSC’s purchase of a 24 percent stake in Jet Airways (India) Ltd. boosts its position in a high-growth market that’s being targeted by new entrants including AirAsia Bhd. as the state invites foreign investment.
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Etihad Airways PJSC, the third- biggest Gulf airline, added Serbian national carrier JAT Airways as its latest code-share partner and said the accord should prove a first step toward a more comprehensive tieup.
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Seychelles’s weakening rupee is fueling inflation and risks reducing the foreign reserves of the Indian Ocean archipelago, central bank Governor Pierre Laporte said.
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The Seychelles Securities Exchange is in talks with two foreign companies about listing on the bourse, which officially opened on Nov. 30.
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A court in the Seychelles sentenced five Somali pirates to 18 years in prison for attacking French ships in the Indian Ocean, the Seychelles Nation reported.
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The Costa Allegra, the Carnival Corp. cruise liner that became stranded in the Indian Ocean after a fire, arrived in the Seychelles port of Victoria under tow from a French fishing boat.
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Maria Ramos, chief executive officer of Absa Group Ltd., the South African bank buying most of Barclays Plc’s African assets, said it expects to complete the deal by September after regulatory delays.
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