LONDON – European and Asian stock markets diverged yesterday after a sharp sell-off on Wall Street fuelled by fears about the US economy as president Donald Trump presses ahead with steep tariffs. Traders had initially welcomed Trump’s election win in late 2024, optimistic that his promised tax cuts and deregulation would boost the world’s biggest...
COPENHAGEN – Lego’s CEO told AFP that US President Donald Trump’s tariff threats do not keep him up at night, as the world’s largest toymaker yesterday posted record earnings for 2024.Sales rose 13% to 74.3 billion kroner (US$10.8 billion) last year, while net profit grew 5% to 13.8 billion kroner. “We are relevant and we...
TOKYO – Struggling Japanese automaker Nissan announced on Tuesday that chief executive Makoto Uchida would step down, a move that follows the failure of merger talks with rival Honda. The company said the leadership change was meant to “achieve the company’s short- and mid-term objectives while positioning it for long-term growth” but did not elaborate.Ivan...
The Capricorn Foundation, in collaboration with the United Nations Industrial Development Organisation (UNIDO), the Network for Global Innovation (NGIN) and Co-Creation Hub (CcHUB) Namibia, recently launched the global Just Transition to the Future (JTF) Water-Energy Nexus Open Innovation Challenge. The aim of the challenge is to address critical challenges surrounding water and energy in Namibia’s...
Domestic inflation is expected to gradually rise and reach 4.5% year-on-year (y/y) by the end of 2025. The upside risks primarily pushing inflation higher include higher oil prices, potential geopolitical tensions as well as higher food, rental and utility prices in the short-term. This outlook is according to the latest First National Bank Consumer Price...
Oryx Properties has announced its interim financial results for the six months ended 31 December 2024. Chief financial officer Francis Heunis stated that “the group delivered strong results in the first half of 2025 and remains well positioned to meet its 2025 corporate strategy. Positive rental reversions, a 63% improvement in commercial vacancies and an...
The Delegation of the European Union (EU) to Namibia, in partnership with the industrialisation and trade ministry and the Namibian Standards Institution (NSI), officially handed over advanced laboratory equipment to the NSI. The handover took place on 13 February 2025 at the NSI Testing and Inspection Centre in Walvis Bay. The high-profile event was graced...
The African Development Bank (AfDB) and the World Bank have jointly announced a groundbreaking initiative that promises to reshape Africa’s energy landscape and accelerate green industrialisation. With the AfDB committing US$18.2 billion (about N$330 billion) and the World Bank pledging up to US$40 billion (about N$725 billion) in financing, this ambitious endeavour is poised to...
BEIJING – Trade tensions between the world’s two leading economies are set to escalate today, as Beijing begins levying tariffs on certain US agricultural goods in retaliation for president Donald Trump’s latest hike on Chinese imports. Since retaking office in January, Trump has unleashed a barrage of tariffs on major US trading partners, including China,...
Ethiopian Airlines, the largest airline in Africa, and one of the fastest-growing airline brands in the world, marked the 2025 International Women’s Day on Saturday, 8 March, by flight operations entirely managed by women, from catering, maintenance, and check-in to lounge services. These all-women-operated flights departed from Addis Ababa to Bahir Dar, Athens, Delhi, Dubai,...