NEW YORK – A flood of presidential trade policy announcements has kept US automakers on edge since Donald Trump returned to the White House last month. While some signature threats – like 25% tariffs on Mexico and Canada – have been wielded and then paused, Trump’s multi-pronged assault on the international trade order is building...
Business
Canada to compel diversity disclosures for banks, insurance firms
OTTAWA – Canada said on Friday it would compel banks, insurance companies and other financial firms to disclose the number of women and minorities on their boards and in senior management positions. The move, announced in the government newspaper Canada Gazette, contrasts with a retreat from diversity, equity and inclusion (DEI) programmes – aimed at...
Argentine cryptocurrency crashes
BUENOS AIRES – Argentina’s president Javier Milei admitted making a mistake on Saturday after promoting a cryptocurrency whose value soared and then crashed, with his office announcing an “urgent investigation”. According to news outlets, Milei posted a message on social media platform X on Friday evening, praising a “private project” aimed at “stimulating the growth...
Tackling economic obstacles befitting Nujoma tribute
Namibia’s business community calls for action against unemployment, poverty and inequality in tribute to late Founding President Sam Nujoma. In this regard, they have emphasised an urgent need to address the country’s persistent challenges of unemployment, poverty and inequality, viewing this as the most fitting tribute to the late founding president. During a memorial service...
India-Namibia trade hits N$14 billion
India’s new High Commissioner to Namibia, Rahul Shrivastava, says his country has consistently been at the vanguard of support for Namibia, before and after independence in a mutually beneficial relationship that continues to grow in leaps and bounds to this day. Shrivastava hastened to say the enduring relationship between the two countries, founded on solidarity,...
E-signatures to streamline commerce, governance
Rudolf Gaiseb Namibia is on course to implement electronic signatures, also known as e-signatures. This means all service providers will have access to citizens’ signatures. Audrin Mathe, the executive director (ED) in the information and communication technology ministry said this during last month’s engagement with the Communications Regulatory Authority of Namibia (CRAN), the ED said...
Namibia on course to repay Eurobond … remaining millions could roll over or be refinanced
Government’s savings strategy has accumulated nearly US$420 million, demonstrating its commitment to managing its Eurobond obligations due on 29 October 2025. Bank of Namibia governor Johannes !Gawaxab was this week confident the country will not default on this bond, as it is on the right track to meet all debt repayment obligations. “We said come...
Algeria, Nigeria, Niger sign deals on EU gas pipeline
ALGIERS – Officials from Algeria, Nigeria and Niger signed new contracts on Tuesday aimed at accelerating the development of a vast natural gas pipeline to Europe, the Algerian press agency APS reported. The Trans-Saharan Gas Pipeline (TSGP), announced in 2009, would transport billions of cubic metres of gas for 4 128 kilometres from Nigeria in...
Canada and EU seek comfort in numbers
BRUSSELS – Buffeted by tariffs and threats from Washington, the European Union and Canada were yesterday set to discuss drawing closer together, the latest sign of a wider Brussels push to diversify trade away from the United States. Canadian Prime Minister Justin Trudeau is to hold talks with top EU officials in the Belgian capital...
Natural resources must benefit citizens – EITI
Rudolf Gaiseb Last week, the Extractive Industries Transparency Initiative (EITI) appealed to Namibians to join them, promising great benefits would accrue as a result. So far, 55 countries have implemented the EITI. Speaking at a consultative meeting in the capital last week, EITI’s executive director Mark Robinson, emphasised that their goal is to ensure that...