FUTURE MEDIA NEWS Archives - Page 205 of 443

Armed Group Disables Section of Niger’s PetroChina-Funded Oil Pipeline

An armed group opposed to Niger's ruling junta disabled a section of the PetroChina-funded crude oil pipeline in an attack on Sunday night, according to Reuters reports. The pipeline, with a capacity of 90,000 barrels per day and extending nearly 2,000 km from Niger's Agadem oilfield to Benin's coast, is intended for exports under a $400 million deal with China National Petroleum Corp, Reuters reports.

19 June, 2024

World

US-NATO meetings ahead of major summit

The United States and NATO are reaffirming their commitment to Ukraine as the US prepares to host the North Atlantic Alliance's 75th anniversary summit in Washington DC next month. During a press conference on Tuesday, Secretary of State Antony Blinken and NATO Secretary-General Jens Stoltenberg highlighted the increased defense spending by many NATO countries, which Blinken emphasized as "necessary to meet the challenges of this time." As Benji Hyer reports. […]

19 June, 2024

Business / Economics

19 June 2024 Morning Biz News: Global Markets React: Namibia’s Grape Exports Soar, Oil Prices Rise Amidst Tensions, Dollar Weakens on Retail Data

1. Namibia's Table Grape Exports Surge, Reaching N$1.7 Billion The Namibian Agronomic Board (NAB) has reported a significant 19% increase in the country’s table grape exports during the last harvest season, reaching a total value of N$1.7 billion. This growth underscores Namibia’s strengthening position in the international market for agricultural products. Fidelis Mwazi, CEO of NAB, highlighted that stringent quality control measures, including the inspection of 9.3 million cartons, were […]

19 June, 2024

World

Boeing CEO Calhoun gives answers but lawmakers want accountability on safety issues

U.S Senators accused Boeing of losing its way and putting profits above safety in a hearing about the planemaker's long list of issues, and allegations of coverup. Relatives of some of the more than 300 people who died in two Boeing Max jet crashes on Lion Air and Ethiopian Airlines were present at the hearing on Tuesday. As Caroline Malone reports.

19 June, 2024

Africa

Malawians Mourn Vice President Chilima Amid Protests Over Plane Crash Response

Malawians gathered on Monday to mourn Vice President Saulos Klaus Chilima amid heavy security, following protests from his home district over the government's response to the plane crash that killed him and eight others last week as reported by Reuters. 51 year-old Chilima was laid to rest in his village of Nsipe in Ntcheu district, about 160 km southeast of Lilongwe. The night before, crowds blockaded roads and threw stones […]

19 June, 2024

South Africa

JPMorgan Upgrades South African Assets Amid Unity Government Optimism

JPMorgan, the world's largest bank by market value, has upgraded South African assets, shifting from underweight to overweight in its Central Europe, Middle East, and Africa asset allocation. The upgrade signals optimism following the formation of a government of national unity. However, risks persist as cabinet positions remain unfilled and the effectiveness of the GNU structure is unproven.

19 June, 2024

Namibia

Namibia Leads Sub-Saharan Africa in Gender Equality And Ranks 8th Globally

Namibia has achieved 8th place globally on the 2024 Global Gender Gap Index, closing 80.5% of its gender gap and leading Sub-Saharan Africa. South Africa follows at 18th place worldwide. The index assesses gender parity across economic participation, education, health, and political empowerment, with Namibia excelling in all dimensions, ranking in the top 25 globally in each subindex. Bernadette Jagger, the Deputy minister.

19 June, 2024

Namibia

GIPF Holds Millions in Unclaimed Benefits And Urges Members to Claim Funds

The Government Institutions Pension Fund has revealed that it currently possesses "millions" in unclaimed benefits intended for members who have departed from the fund and no longer hold employment. GIPF reports that around 176 members still need to collect their benefits, which are categorized as "unclaimed" under the fund's regulations. Edwin Tjiramba- GIPF's spokesperson.

19 June, 2024

World

Biden offers protections for illegal spouses of US citizens

U.S President, Joseph Biden has outlined what he's called a "common sense fix" to give undocumented immigrants legal status in the United States. His plan allows around 500,000 people living in the US illegally, who are married to US citizens, the chance to apply for green cards without leaving the US. The administration says it will help keep families together, rather than forcing them to leave America while their paperwork […]

19 June, 2024