HONG KONG – Stocks skidded yesterday as traders continue to pull back from the buying that has propelled markets to record highs in recent months, with upcoming US inflation and jobs data seen as likely to be the next catalysts for action.Investors have been on a buying spree since shares hit deep lows in the...
BRUSSELS – The European Commission launched an antitrust probe into German software giant SAP Thursday over fears the company’s practices may have distorted competition.SAP, which offers both traditional software and cloud-based computing services, can now offer commitments to address the commission’s concerns, the EU executive said.“We are concerned that SAP may have restricted competition… by...
GENEVA – The World Trade Organisation (WTO) Wednesday hailed Beijing’s decision to no longer seek new special treatment in future WTO talks, calling it a step towards a more equitable global trading system.“This is a pivotal moment for the WTO,” organisation chief Ngozi Okonjo-Iweala said in a statement.“China’s decision reflects a commitment to a more...
KATIMA MULILO – Employees of the Northern Regional Electricity Distributor (Nored) here, staged a peaceful demonstration outside the offices of the company yesterday morning. Sanctioned and facilitated by the Mineworkers Union of Namibia, the employees registered “deep dissatisfaction in the manner labour issues are handled within the company, particularly by the management” under the leadership...
Nedbank Namibia in collaboration with Future Media, recently hosted marketers, communicators, and brand practitioners at the Nedbank Campus Sky Garden in Windhoek on 18 September to live stream the Nedbank Integrated Marketing Conference (IMC) 2025, which took place in Johannesburg, South Africa. The IMC, widely regarded as Africa’s biggest marketing conference, attracted over 3 000...
ARANDIS – Arandis constituency councillor Benitha Imbamba, has praised the progress of green hydrogen projects in the area but voiced concerns over the lack of consultation with local leaders regarding these developments. Imbamba said that while high-level engagements are taking place, local councillors and stakeholders are often left out of critical discussions. “Consultations start at...
NamPower successfully commissioned and energised its new indoor 132/66/33 kV Sekelduin Substation, located east of Swakopmund, on 24 September 2025. The Sekelduin Substation is distinguished as the first fully digital substation on the African continent, with a total project investment of N$394 million. This newly commissioned infrastructure added to the NamPower transmission network unlocks coastal...
A recent High Court judgement has declared that access to essential network infrastructure is vital to ensure competition in the telecommunications space that ultimately stimulates investment and ensures a level playing field. The decision, delivered by the High Court at the end of July this year, also directly benefits consumers with more choice and better-quality...
FRANKFURT – German business sentiment unexpectedly fell in September, a closely watched survey showed yesterday, in a setback for Chancellor Friedrich Merz as he tries to revive Europe’s top economy. The Ifo institute’s confidence barometer fell to 87.7 points, down from 88.9 in August, breaking a run of eight straight increases. Analysts polled by financial...
LONDON – Europe’s main stock markets retreated yesterday following gains in Asia and Wall Street losses, with focus on shares in technology giants and a warning from US Federal Reserve chief Jerome Powell on interest rates.Chinese tech firms stood out, with Alibaba shares rocketing after its chief executive said the e-commerce giant planned to ramp...