Namibia's port authority, Namport, has rejected a proposal by Alpha Nautical Services Limited (Anol) to develop a $244 million oil and gas supply base at Lüderitz.
Namibia's port authority, Namport, has rejected a proposal by Alpha Nautical Services Limited (Anol) to develop a $244 million oil and gas supply base at Lüderitz.
Natural disasters are now happening so frequently that reinsurers -- the firms that sell insurance to insurance companies -- are scaling back their exposure to such risks. Given the current circumstances, insurers may have little choice than increase their rates or in turn reduce the risks that they cover, which is already happening in certain countries.
Did banking giant UBS make "the deal of the century" when it bought one of the world's biggest banks for a pittance as it teetered on the edge of the abyss? - 'Godsend' - "UBS has pulled off the deal of the century," Switzerland's Socialist Party said, maintaining the "rescue" was more of a "godsend", allowing it to snatch up a bank at a dramatically reduced rate.
The imminent demise of household goods seller Wilko highlights the challenges UK retailers currently face amid decades-high inflation and anaemic economic growth, but experts argue it also stems from bad management. Lisa Wilkinson, one of the founders' heirs and one of the group's former managers, has argued that not taking dividends would only have given the company a few months' reprieve.
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