Business / Economics Archives - Page 113 of 184

EU issues Apple compliance warning

The European Commission has warned Apple that it may be in breach of its Digital Markets Act. In preliminary findings, EU regulators have accused the tech giant of failing to sufficiently steer users away from its App Store.

24 June, 2024

Business / Economics

Finance Minister says trade fairs play important role in community development

The Minister of Finance and Public Enterprises, Iipumbu Shiimi, has highlighted the role of trade fairs and expos as platforms fostering meaningful interactions between businesses and communities, ultimately enhancing their daily lives. Speaking at the 14th edition of the Eenhana Expo fundraising gala dinner held on Saturday, Shiimi underscored that these events are not merely gatherings but dynamic forums where innovative ideas are exchanged, partnerships are forged, and solutions are […]

24 June, 2024

Business / Economics

Japan sanctions India tech company for helping Russia

Japan has sanctioned an Indian technology firm, along with 9 other companies globally for allegedly helping Russia evade sanctions. The sanctions are part of the country's economic measures against Moscow for invading Ukraine.

24 June, 2024

Business / Economics

Tourism recovery sees 60.3% occupancy rate in May 2024

International arrivals in the first quarter of 2024 reached 97% of 2019 levels, according to the United Nations World Tourism Organization and Simonis Storm. Despite economic and geopolitical challenges, tourism is recovering, with the national occupancy rate at 60.3% in May 2024. Here’s the Hospitality Association of Namibia's CEO, Gitta Paetzold.

24 June, 2024

Business / Economics

South African freight forwarders association highlights efforts after poor port report rankings

By Oliver Ochieng, bird story agency The Southern African Association of Freight Forwarders (SAAFF) has raised concerns over a recent report which assessed over 182,000 vessel calls, 238.2 million moves, and 381 million TEUs in 2023 in an index highlighting performance of ports globally. The Container Port Performance Index (CPPI) 2024, released by the World Bank and S&P Global on June 4, placed several […]

24 June, 2024

Business / Economics

China wants the EU to scrap tariffs on Electric Vehicles by July 4

Beijing wants the European Union to scrap its preliminary tariffs on Chinese electric vehicles by next week. Both sides have agreed to hold new trade talks to resolve an escalating dispute over tariffs, as Laura Westbrook reports.

24 June, 2024

Business / Economics

24 June 2024 Morning Biz News: Business News Roundup: Key Developments in the Financial World

1. Savanna Beef Secures N$150 Million Loan for State-of-the-Art Abattoir Namibia’s Savanna Beef has achieved a significant milestone this month by securing a N$150 million loan. This financing will support the construction of an advanced export abattoir, marking a pivotal moment for the country's beef industry. Facilitated by Cirrus Capital and driven by the Beef Value Chain Forum, this collaborative effort underscores Namibia’s commitment to enhancing its agricultural infrastructure. The […]

24 June, 2024

Africa

Tsingshan Begins Production at $1 Billion Steel Plant in Zimbabwe

China's Tsingshan Holding Group has commenced production at its $1 billion steel plant in central Zimbabwe. Reuters reports that the plant, operated by Tsingshan's Dinson Iron and Steel Company, will produce 600,000 metric tons of carbon steel annually in its first phase. Project director Wilfred Motsi announced that pig iron production has begun, with carbon steel production set to start in July.

21 June, 2024

Business / Economics

UK Interest Rates Held Despite Falling Inflation

The Bank of England has decided to keep interest rates unchanged. They remain at 5.25%, the highest it's been for 16 years. But a rate cut could soon be on the cards, as John Bevir (Beaver) reports.

21 June, 2024