BOJ keeps rates unchanged

BOJ keeps rates unchanged

Japan’s central bank is leaving interest rates unchanged in a move widely expected by the market. Its chief, Kazuo Ueda, says a lack of clarity over wage trends and uncertainty over the U.S. economy is behind the decision. Chris Gilbert reports from Tokyo:

December 20, 2024 19

Business / Economics

Union to Present Support for Increase in S.A’s National Minimum Wage

Cosatu says it will be presenting its submission to support the South Africa National Minimum Wage Commission’ recommendations of 1.5-percent increase for the national minimum wage for the 2025 financial year and finalise its proposals to Employment and Labour minister Nomakhosazana Meth. Cosatu’s Matthew Parks says the federation is urging the Minister to announce the final increase and ensure it comes into effect by no later than 1 March […]

December 20, 2024 25

Namibia

Police Seek Help to Trace Wanted Suspects

The Police in the Khomas Region are appealing for public assistance to locate four suspects linked to vehicle theft and related crimes. The wanted individuals include Roberto Martin Talaia, Piet Indongo, David Haufiku Erastus, Sean Van Wyk, and Henghono Maliki. Warrants for their apprehension have been issued by the courts, but efforts to locate them have so far been unsuccessful. The public is encouraged to report any information […]

December 20, 2024 24

South Africa

In S.A, the D.A talks Eskom and bailouts

In South Africa, the DA says despite receiving a staggering 76-billion-rand bailout from the government, Eskom posted a pre-tax loss of 25-billion-rand, which ballooned to 55-billion-rand after tax. The party says the audit report, which notes that material uncertainty relating to the power utility’s ability to continue as a going concern, is of particular concern. The DA's Kevin Mileham says the exorbitant electricity tariff hikes that will plunge millions of […]

December 20, 2024 16

World

US moves closer to government shutdown

The United States has moved closer to a government shutdown after the House of Representatives failed to pass a slimmed-down spending bill that had the backing of President-elect Donald Trump and his ally, Tesla CEO Elon Musk. If the US Congress can't agree on a deal Friday, government funding is set to lapse at midnight Saturday morning. Benji Hyer has more from Washington:

December 20, 2024 13

Namibia

Namibian Experts Explore Cultural Preservation and Remembrance in Germany

Namibia's Director of National Heritage and Culture Programmes, Manfred !Gaeb, and media expert Shelleygan Petersen, recently participated in a study trip to Germany from December 8th to 14th, focusing on "Culture of Remembrance and Cultural Preservation." The visit explored colonial history, museum cooperation, and restitution while fostering international collaborations with institutions like the Federal Foreign Office and the Grassi Museum. !Gaeb emphasized the importance of museums as platforms for cultural […]

December 20, 2024 22

World

UN Chief warns ‘AI arms race’ could have major security implications

The UN's top official is warning artificial intelligence is evolving faster than our ability to govern it. António Guterres said on Thursday there's an urgent need for global governance frameworks.He joined US Secretary of State Antony Blinken at a Security Council meeting to discuss the opportunities and risks of AI.Sally Patterson reports from New York, where the United Nations is headquartered.

December 20, 2024 9

Namibia

Lüderitz Becomes a Must-Visit Holiday Destination, Says Mayor Philipus Balhao

Lüderitz is quickly becoming one of Namibia’s top holiday hotspots, with increasing numbers of visitors flocking to the town for its unique attractions. . With festive season excitement in the air, Lüderitz is the place to be this holiday season, offering a blend of history, heritage, and coastal charm. Mayor Philipus Balhao highlights the town's popular spots in an interview with our news team:

December 20, 2024 13

South Africa

S.A’s Electricity and Energy minister says Eskom has upped its performance

S.A's Electricity and Energy minister Kgosientsho Ramokgopa says Eskom has upped its performance, resulting in more than 260 days of no load-shedding, improved plant performance, and billions of Rands in diesel cost savings. The power utility has recorded a net loss before tax of some 25.5-billion-rand, an improvement from the previous financial year’s 34.6-billion-rand. Ramokgopa says Eskom is now less reliant on diesel but the debt municipalities owe it […]

December 20, 2024 13