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Andy Murray withdraws from Olympics tennis singles
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Andy Murray withdraws from Olympics tennis singles

Andy Murray has officially withdrawn from the tennis singles’ competition at the Paris Olympics but will still take part in the doubles event, the two-time gold medallist announced yesterday. The British former world number one, who had back surgery last month, said he would “concentrate on the doubles with Dan (Evans).” – Namapa/AFP

Emerging talent primed for Paris 
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Emerging talent primed for Paris 

Muhammad Ali, Floyd Mayweather and Lennox Lewis are among the boxing greats who cut their teeth at the Olympics, with a new generation of fighters eager to follow their footsteps in Paris. But there are serious questions over whether the sport will even remain on the Olympic programme. Boxing made its debut at the modern...

UN: Ethiopia death toll could reach 500
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UN: Ethiopia death toll could reach 500

KENCHO SHACHA GOZDI – The death toll from a devastating landslide in southern Ethiopia has risen to 257, the United Nations said yesterday, warning that it could rise to 500. The disaster occurred onMonday following heavy rains in a tiny community in a mountainous area of South Ethiopia regional state. The last toll, given by...

Amnesty calls for full Sudan arms embargo
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Amnesty calls for full Sudan arms embargo

PORT SUDAN – Amnesty International yesterday urged the United Nations, in a report on weapons flooding the war-torn country, to extend the arms embargo on Darfur to cover all of Sudan. The 15-month war between Sudan’s regular army and the paramilitary Rapid Support Forces “is being fuelled by an almost unimpeded supply of weapons into...

Oxfam: World’s richest 1% gained US$40 trillion in a decade
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Oxfam: World’s richest 1% gained US$40 trillion in a decade

PARIS – The world’s richest one percent increased their fortunes by a total of US$42 trillion over the past decade, Oxfam said yesterday, ahead of a G20 summit in Brazil, where taxing the super-rich tops the agenda. Despite this windfall, taxes on the rich had plummeted to “historic lows”, the NGO added, warning of “obscene...

Digital bank secures UK banking licence
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Digital bank secures UK banking licence

LONDON – British fintech company Revolut yesterday said it had obtained a long-awaited UK banking licence – but must wait to lend money and take deposits as it remains in a restrictive phase.  The licence granted by regulators linked to the Bank of England will allow Revolut to eventually compete better with established UK lenders,...

Opinion – Do not stop life insurance and retirement fund premiums 
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Opinion – Do not stop life insurance and retirement fund premiums 

With the rising cost of living, many Namibians are burdened by financial pressure, which is aggravated by inflation. Facing increasing financial pressure, many policyholders are tempted as a first reaction to cancel or stop paying their insurance and retirement premiums to ease the financial burden. Wendy Naruses, Marketing and Communications Manager at Sanlam, emphasises the...

Refining and gas give TotalEnergies Q2 blues
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Refining and gas give TotalEnergies Q2 blues

PARIS – French oil heavyweight TotalEnergies yesterday reported slumping profits in the second quarter, blaming lower margins in refining and falling sales and prices for natural gas. Net profit shed seven percent year-on-year in April-June, to US$3.8 billion, the company said in a statement. Analysts had forecast around US$4.9 billion in surveys by Bloomberg and...

Opinion – Desperate times call for desperate measures
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Opinion – Desperate times call for desperate measures

The drought has caused severe food insecurity and water scarcity, exacerbated by low dam levels in the country. As a result, one in five Namibians is currently food-insecure, with many households already registered for government drought relief. Under Article 26 (I) of the Namibian Constitution, read with Section 30 (3) of the Disaster Risk Management...