US treasury Secretary Janet Yellen flagged risks posed in the mortgage market Friday, as regulators released recommendations to address the sector’s vulnerabilities.
Year: 2024
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Altman-backed nuclear start-up crashes after Wall Street debut
The share price of nuclear energy start-up Oklo, chaired by OpenAI boss Sam Altman, fell sharply on Friday on its first day of trading on Wall Street. At around 15h40, the stock was down 53,9% to US$8,40.
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Iraq hopes oil reserves will exceed 160 bn barrels
Iraq, one of the world’s biggest oil producers, aims to boost its crude reserves to more than 160 billion barrels, oil minister Hayan Abdel Ghani said on Saturday.
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Oranjemund unveils strategic plan
In a landmark event attended by key stakeholders, the Oranjemund Town Council last week officially launched its five-year strategic plan for 2024-2029.
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NamPower’s N$2 billion loan to ensure grid stability
The N$2 billion credit facility that Namibia recently secured from the World Bank consists of an inclusive package of loans and grants.
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Hydrogen ship beckons for Namibia
In collaboration with Cleanergy and the Port of Antwerp-Bruges, the Namibia Ports Authority (Namport) will introduce the world’s first hydrogen-powered vessel to Namibian waters.
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On the spot – GiPF’s sustainability and investment strategy
After nearly four months at the helm of the largest pension fund in the country, CEO and principal officer of the Government Institutions Pension Fund (GIPF) Martin Inkumbi (MI) recently sat down with New Era for a comprehensive analysis of the fund.
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Venessa Kindergarten: DRC’s beacon of hope
Nestled within the DRC community in Swakopmund lies the Venessa Kindergarten: a beacon of hope for disadvantaged youths that is soon to be renamed Namibian Women and Children’s Foundation.
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Home affairs issues 34 000 documents through mass registration
The ministry of home affairs has registered more than 34 000 people for national documents since the introduction of the mass registration exercise in February this year.
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Man pours boiling water on child
The Okahao Magistrate’s Court on Friday denied bail to 20-year-old Amoni Iindongo for allegedly scalding an eight-year-old boy with boiling water after he caught the child stealing food from his house.