EVERETT (United States) – In a mammoth factory that a Boeing manager calls the largest “on the planet” by volume, the aviation company is assembling the world’s biggest double-engine aircraft: the 777X. The Seattle-area plant is filled with several of the flying behemoths at various stages of production, with the snow-capped mountains of Washington state...
Business
Global computer crash has minimal local impact
The Namibia Airports Company (NAC) on Friday issued a passenger advisory to confirm all scheduled flights to its airports were normal, despite a worldwide computer crash. The crash was caused by an antivirus software update by a company called CrowdStrike on Microsoft’s cloud computing service. “In the wake of the global information technology issue...
Debmarine gains ground in synthetic diamond battle …assures President of environmentally-sustainable mining
Environmental sustainability is a benchmark of marine diamond production for De Beers Marine Namibia (Debmarine). In fact, the company replaces 99% of the material it extracts off the seafloor where most of the sediment resettles within a few hours, and the finer sediment settles in a few days. Thereafter, the impacted environment returns to its...
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
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
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
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
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
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
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...