Business / Economics Archives - Page 36 of 184

Trump pauses tariffs on big 3 US automakers for one-month

US President Donald Trump has granted the three main US car makers a one-month reprieve on tariffs. They were impacted when 25% tariffs on Mexico and Canada goods began on Tuesday. Nick Harper reports from Washington.

6 March, 2025

Business / Economics

Bank of Namibia Launches N$60 Commemorative Note for Geingob

The Bank of Namibia has introduced a N$60 commemorative banknote to celebrate the late President Hage Geingob's 60 years of service. One Africa TV’s Ellen Shihepo reports that the central bank governor Johannes !Gawaxab announced the notes will be in circulation within two weeks, with public awareness campaigns planned for the new note's features.

6 March, 2025

Business / Economics

06 March Morning Biz News Roundup: Banking Fees, Rand Strengthens, Coffee Price Surge, Canada vs. US Tariffs

Parliament Debates Investigation Into Unethical Banking Fees and Overcharging Parliament is currently engaged in a discussion over a potential investigation into unethical banking fees and overcharging practices in Namibia. Some Members of Parliament (MPs) have voiced concerns about the negative impact high banking fees have on consumers and small businesses, urging for more financial transparency and possible regulatory reforms to address the issue. The proposed motion aims to ensure that […]

6 March, 2025

Business / Economics

Bank of Namibia launches Geingob commemorative banknote

By: Ellen Shihepo The Bank of Namibia has launched the N$60 commemorative banknote in honour of late President Hage Geingob's 60 years of service to the Namibian nation. Governor Johannes !Gawaxab announced at the launch today that the new notes will be issued after two weeks, a period dedicated to awareness campaigns on the security features and fixtures of the new commemorative notes. He said the notes would serve as […]

5 March, 2025

Business / Economics

US investors to buy Panama canal ports from Hong Kong-based owner

A consortium of US investors has agreed to buy majority stakes in two ports on the Panama canal from a Hong Kong-based company for nearly 20 billion dollars. The deal comes in the wake of allegations by the Trump administration that Chinese influence over the waterway poses a security risk to the US. Ira Spitzer reports.

5 March, 2025

Business / Economics

Trump trade war intensifies with new and retaliatory tariffs

Mexico, Canada and China are quickly retaliating after President Donald Trump slapped them with fresh tariffs overnight. Goods coming from the US's northern and southern neighbors are now subject to a 25% duty, while the tariff on Chinese goods doubled to 20%. The action threatens to intensify a painful and costly trade war. Toni Waterman has more:

5 March, 2025

Business / Economics

05 March Morning Biz News: Payroll Deduction Agreement, Budget Talks, Economic Diversification, and Bitcoin Trends

Swakop Uranium and NAMITVEST Forge New Payroll Deduction AgreementA new payroll deduction agreement between Swakop Uranium and NAMITVEST was signed on Thursday in Swakopmund. The agreement enables Swakop Uranium employees to directly invest in NAMITVEST through payroll deductions, fostering financial empowerment. According to One Africa TV NewsOnOne, the partnership is a significant move towards helping employees build their wealth through a structured savings and investment approach. South African Cabinet Finalizes […]

5 March, 2025

Business / Economics

Private Sector Credit Hits 2-Year High Amid Business Confidence

Local Private Sector Credit Extension surged to 4.1% in January this year, its fastest pace since early 2023. The growth is driven by stronger corporate lending, signaling renewed confidence, while household credit demand remains subdued. Almandro Jansen is an economist at Simonis Storm:

5 March, 2025

Business / Economics

Chip Maker TSMC to invest $100b in US

Taiwanese chipmaker TSMC says it will invest an additional $100 billion in the US - allowing it to significantly expand its production capacity and bring cutting edge technology to the US. Toni Waterman has more.

4 March, 2025