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Exporters warn that delays could occur as Ivory Coast prepares for EU cocoa regulations
Ivory Coast’s cocoa regulator claims the world’s largest cocoa producer, Ivory Coast, is ready for new EU anti-deforestation regulations. However exporters and buyers warn that a compliance system set to launch next month could disrupt bean sales and exports. Companies must prove that cocoa and other commodities are not associated with deforestation under the EU's anti-deforestation legislation, which comes into effect at the end December. Yves Brahima Kone, the head of the Coffee and Cocoa Council (CCC), said that digital ID cards would be issued to farmers from September 1, 2026/27. The cards, which were introduced in 2019, are electronic wallets that track cocoa from the farms to the export ports. They also verify the origin of the cocoa and ensure farmers get the guaranteed price. "We are prepared to prove that our cacao is traceable and certified." Kone stated that the 'producer card' is now operational and meets the expectations of chocolate customers. He said that the cards would also allow more than 1 million small-scale farmers to access the banking system?for a first time. According to the'regulator,' Ivory Coast is home to between 1.2 and 1.3 million cocoa producers. INDUSTRY WARNS ABOUT DISRUPTIONS According to industry sources, the launch could cause bottlenecks when the new season starts. We spoke with nine buyers, seven suppliers and four cooperative managers. Sources said that farmers who do not have their cards or have lost them may be unable sell cocoa and this could slow down purchases. The sources also mentioned a shortage in?card terminals. Participants in the industry questioned whether the system could be effective in preventing illegally grown cocoa in protected areas to enter the supply chain, even if administrative problems are resolved. Ivory Coast estimates that cocoa produced in protected forest and national parks represents 15% of the national production. Exporters and European environmental groups estimate the figure at around 30%. Sources said that illegally produced cocoa could still be mixed with legal beans and shipped to Abidjan and San Pedro ports, in part because the output of each farmer can only be estimated and not precisely measured. "We know the benefits of this card, but there will be many problems and chaos during the season. The director of an European export company in Abidjan said that the new European regulation regarding deforestation is too complex to be implemented on the ground. There will be delays throughout the supply chain, including in the purchasing and exporting of goods. "That's unquestionable," said a senior executive of another European export company. Ange Aboa is the reporter. Anait Miridzhanian (Editing), Rob Corey-Boulet, Mark Potter and Anait Miridzhanian
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Discover Airlines, a subsidiary of Lufthansa, says that fuel shortages in Namibia could affect flights to Europe
Discover Airlines, a subsidiary of Lufthansa, said on Thursday that a temporary fuel shortage could affect its flights to Europe. The airline said that aircraft operating flights to Frankfurt and Munich out of Windhoek were being rerouted through Angola in order to refuel. A spokesperson for the Lufthansa Group said that there was a temporary and local shortage of?fuel at Windhoek International Airport. As reported in local Namibian media, Lufthansa has not responded to the question of whether its cargo freight is also affected by fuel shortages. Namibia Airports Company issued a statement stating that it was aware of fuel supply challenges for the Jet A-1 at the main aviation gateway in the country and that efforts were being made to minimize disruptions. (Reporting by Wendell Roelf, Additional Reporting by Sfundo parakozov, Writing by Nilutpal Timsina and Editing by Alexander Winning).
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Shein postpones IPO until September 1, according to sources
Shein plans to list its Hong Kong initial public offering on Monday, according to a source with knowledge of the matter. Two other sources also said that Shein is aiming for a September 1 listing, which is slightly later than originally planned. One source said that while September 1 was the "target date", the listing might happen a few weeks later. Last week, it was reported that Shein had hoped to list her company on August 28. Investors' appetite for Shein has been dampened by the slowing growth and increasing costs, as first reported by South China Morning Post. Shein, the online fast fashion retailer, was once seen as a disruptor to established brands like H&M and Zara because of its ultra-low price and rapid supply chain. Shein's valuation is aiming for $26 billion to $27 billion according to a source who has a direct knowledge of the issue. This is a sharp drop from the $100 billion it was valued at in its private fundraising in 2022. Investor?meetings in advance of the IPO began with the company requesting an IPO valuation between $30 billion and $40 billion. Shein did not respond to an inquiry for comment. Reporting by Kane Wu, Helen Reid. Mark Potter and Mrigank Dhaniwala edited the report.
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Sources say India is considering low-cost loans to help renewable energy projects that have been affected by the power restrictions.
Four industry sources said that India may offer low-cost loans for'renewable energy producers' to compensate them for the losses they have suffered because of inadequate transmission infrastructure. According to official figures, the?transmission?network of this South Asian nation has been unable to keep up with the growth in renewable energy, especially solar. Solar represents 162 gigawatts or almost a third its total power generation capacity. Sources said that India's renewable power developers had lost around 45 billion rupees (470.21 million dollars) since February 2025 due to limited infrastructure. One source said that in some cases, up to 70% of power generated by renewable energy projects cannot be added to grid. Sources spoke under 'condition of anonymity' because they weren't authorised to speak publically?on this issue. A request for comment was not immediately responded to by the federal ministries of finance and?power. India, the third largest solar power producer in the world, has cut its output by 14% or 8,133 Gigawatt Hours between April and Juni. Sources said that the ministry of power was looking at low-interest loans with long terms of 7 to 8 years as compensation for producers. The government is reportedly discussing the plan with energy companies and determining which projects qualify for compensation. Sanjeev Aggarwal is the?founder and executive chairman of Hexa Climate which develops renewable project. He said that his company has experienced curbs, without providing details, and that it raises financial problems. He said that lenders need to have confidence in the future generation when they are calculating debt. If curbs are frequent, and not compensated for, this would result in higher costs of capital. The rating agency ICRA estimates that approximately a third of India's newly-commissioned 54.8 GW clean energy capacity is being evacuated via temporary transmission by May 2026.
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Minister: Indonesia denies involvement in the transshipment and trans-shipment of goods as claimed by a recent U.S. government report
Airlangga hartarto, Indonesia's senior economic minister, denied the recent U.S. claim that it was involved in a 'transshipment' of a goods. Here are some details: * Airlangga was referring to the report published by Washington which stated that the U.S. is losing between $19 and $26 billion annually in 'tariff revenue' due to 'goods, mostly originating from China, being transshipped via third countries including Indonesia to avoid U.S. Import duties. * "Indonesia, along with Brazil, Malaysia Thailand, Turkey and Vietnam, has been accused of being a part of a global?transshipment -network. "We deny that these allegations are true," said the minister. * He added that it is "not true" if transshipment from another country?is used for processing here.
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Shein delays Hong Kong debut until September, SCMP reports
Shein has delayed its Hong Kong market debut until September due to a'slight delay' in accepting investor orders for the IPO of a fast fashion retailer at a lower valuation, according to a report by The South China Morning Post on Thursday. Shein intends to introduce multiple cornerstone shareholders, but most positions will be filled by existing investors, according to the report, which cited sources familiar with the issue. Shein didn't immediately respond to an? Shein did not immediately respond to a? Shein, according to a report on Monday, is aiming 'to launch its long-awaited Hong Kong IPO this week with a valuation of just a 'quarter of the almost $100 billion figure seen?in a stock sale a few years ago. Reports indicate that the firm's IPO valuation will be in the $25 billion range, down from the $30 to $40 billion range that was speculated earlier this month. Shein, founded in China in 2012 is best known for its $5 dresses and $10 denim jeans that are sold to shoppers in about 160 countries. South China Morning Post reported that the company 'intends to begin book-building as early as 'August 24. It originally aimed for the entire IPO to be completed by?the?end of August. The report said that investment banks involved in the deal are considering using their own funds as cornerstone investors. Reporting by Nikita Jino, Bengaluru. Editing by Mrigank Dahniwala
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LSEG data indicates that France is set to ship rare wheat to Sudan
LSEG data showed that a ship in 'France will be loading '67,000 metric tonnes of wheat bound for 'Sudan in the next few days. This is the first shipment of this kind in 18 years. The data indicated that a bulk carrier would have begun loading at Rouen on Wednesday, before topping off next week at Dunkirk - another northern French port. According to data from the European Commission, France, as the largest wheat producer in Europe, hasn't exported wheat to Sudan since 2008. The traders are watching to see if the importers will look for alternative supplies of grain to 'Russian and Ukrainian' following a severe disruption in Black Sea trade due to an escalation of attacks on ports and ships between Moscow and Kyiv. According to traders, it was not clear whether the French wheat shipment for Sudan would replace Russian or Ukrainian supplies. Russia is still the biggest supplier of wheat to Sudan. According to figures from the central bank of Sudan, in the first half 2026, Sudan imported wheat from Russia worth $341million out of $381million. According to the central bank, Sudan imported 1.3 million tonnes of wheat in the first half of the year. According to the U.S. Department of Agriculture, Sudan's annual exports are expected to reach 2.8 million tons during the 2026/27 season. This will maintain the increase in demand for imports seen since the beginning of Sudan's civil conflict in 2023.
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Bundesbank: German economy is hampered due to depleted rivers
The Bundesbank stated that the depletion of German rivers is hampering the recovery in Europe's largest economy. The Rhine, and other German rivers are so shallow due to months of dry weather that ships can't be fully loaded. This increases costs and delays transport for cargo owners. The Bundesbank stated that this would likely slow down the recovery of Germany's economy, which will at best grow slightly in this quarter. In its monthly report, the Bundesbank said that "limited transport routes along major rivers and sharply increasing transport costs will likely" significantly impede industrial production and export growth. The Bundesbank's monthly report states that "the low water levels have a noticeable impact on the overall economic activity during the third quarter." The report noted that German industry still had a low capacity utilization rate and that the recent increase in interest rates by the European Central Bank was also dampening corporate investment. The German central bank stated that inflation could temporarily rise further from 2.8% in July. However, the outlook was still dependent on Middle East conflict. It warned?that it was not clear that the conflict would have a second-round effect on inflation through increased negotiated wages. Reporting by Francesco Canepa, Editing by Toby Chopra
At least 40 bodies found after a boat overloaded with passengers capsizes in Nigeria
Local officials and residents reported on Thursday that a?overloaded?boat capsized in Nigeria's northwest Sokoto State. Abdulkadir Yusuf is a manager at the National Inland Waterways Authority. He said that rescue efforts continue after the accident near Gorau, in Goronyo Local Government Area. Yusuf reported that around?40 bodies of children had been discovered. Nasiru Adamsu, a local lawmaker in the 'Sokoto State legislature, confirmed the death toll at 43. A local resident said that the boat was carrying farmers and workers hired to harvest rice. He estimated there were more than 70 people on board when it capsized. One resident reported that there were 57 passengers onboard. Mustapha Umar said that officials would be heading to the scene soon and will provide more information later.
Overcrowding and poor maintenance, as well as a lack of enforcement of safety regulations, are all factors that contribute to deadly boat accidents in Nigeria.
At least 25 people were killed in January when a leaking boat capsized on the coast of?Yobe State, north-east Nigeria.
(source: Reuters)