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ECB eyes summer pause on bumpy road to disinflation
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ECB eyes summer pause on bumpy road to disinflation

FRANKFURT – European Central Bank policymakers were expected to leave borrowing costs on hold yesterday, buying time to make sure inflation is on the right track before cutting interest rates again.  The ECB’s governing council reduced interest rates for the first time in five years at last month’s meeting, following an aggressive cycle of monetary...

EV sales growth stalls in Europe
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EV sales growth stalls in Europe

PARIS – Europe is supposed to fully switch to electric vehicles in little over a decade but sales growth of the climate-friendly vehicles stalled in the first half of the year, data showed yesterday. Instead, data from the European Automobile Manufacturers’ Association (ACEA) showed that the modest 4.4% overall growth in the sales of new...

Global airline passenger traffic to double in 20 years
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Global airline passenger traffic to double in 20 years

PARIS – Airlines expect overall passenger numbers to double over the next two decades from the 4.3 billion who flew last year, with growth led by emerging markets such as Asia Pacific and the Middle East, the main global airline body said yesterday. The projected surge in traffic could put further pressure on carriers to...

Green sponsors NIRO Career Guidance Conference 
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Green sponsors NIRO Career Guidance Conference 

The NIRO Career Guidance and University Readiness Conference 2024 is currently taking place in Windhoek.  Pupils, teachers, parents, exhibitors and industry representatives have gathered under the theme “Embracing Future Skills.” Discussions focused on career guidance, motivations and future skills.  NIRO is a locally-registered company established in 2008, and offers full-time tutoring, student development and university...

Ministry congratulates Iipumbu on leadership award
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Ministry congratulates Iipumbu on leadership award

The industrialisation and trade ministry has extended its warmest congratulations to minister Lucia lipumbu on being awarded the Africa Trade and Investment Minister of the Year 2024 at the 14th African Business Leadership Awards (ABLA) in London, England on Wednesday. “This prestigious award is testament to her unwavering commitment to fostering trade, enhancing investment opportunities,...

BW Energy buys stake in ReconAfrica
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BW Energy buys stake in ReconAfrica

Canadian oil explorer Reconnaissance Energy Africa (Recon) and Norwegian-listed BW Energy have struck a deal for an onshore drilling campaign in northeastern Namibia. The deal means ReconAfrica is selling a 20% working interest in its exploration licence onshore Namibia, to BW Energy, in exchange for total potential consideration of US$141 million (about N$2.5 billion) According...

Opinion – Common ways people become cyber threat targets
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Opinion – Common ways people become cyber threat targets

In today’s digital era, the risk of cyber-attacks is a significant concern as bad actors aim to exploit vulnerabilities present in our online interactions. There are several ways in which individuals can inadvertently become targets for these threats, whether through negligence, lack of knowledge or simply by oversight. Cybercriminals utilise a variety of tactics to...

Labour commissioner’s office consults on business process re-engineering
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Labour commissioner’s office consults on business process re-engineering

The Office of the Labour Commissioner recently conducted a stakeholders’ engagement on Business Process Re-engineering (BPR) as a comprehensive initiative to improve its service delivery.  This initiative aims to address longstanding challenges, and enhance the efficiency and effectiveness of labour dispute resolution in Namibia, while also providing stakeholders with a platform to identify bottlenecks that...

Hapulileís business acumen recognised in Nigeria
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Hapulileís business acumen recognised in Nigeria

A young Namibian entrepreneur, Ndahafa Hapulile, was recently propelled to the forefront of African success stories when she was awarded a Royal African medal, and inducted into the Yoruba Royal Court in Nigeria.  The award was bestowed on her as part of an initiative of the Royal African Young Leadership Forum (RAYLF), one of the world’s...

Equities mixed, dollar up after Wall St record 
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Equities mixed, dollar up after Wall St record 

HONG KONG – Markets fluctuated yesterday as rising expectations that Donald Trump will return to the White House played up against fresh hopes that the Federal Reserve will cut interest rates at least once this year. Traders struggled to extend gains on Wall Street, where the Dow chalked up its first record since May, while...