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.
Asian markets mostly fell Monday as investors turn their attention to a key US inflation report later in the week, hoping for a reading that will ease concerns about the Federal Reserve's interest rate plans. Traders have been in retreat over the past week after a string of readings suggested the economy and labour market remained resilient despite more than a year of monetary tightening.
The European Central Bank is walking a tightrope between still-high inflation and a darkening eurozone outlook as it decides whether to lift interest rates again or finally pause its historic hiking cycle.
Fifteen years ago, on September 15, 2008, the Lehman Brothers investment bank went bankrupt, a victim of the global financial crisis during which stock markets crashed. - 2008: Subprime crisis - The 2008 global financial crisis is caused by bankers in the United States giving subprime mortgages to people on shaky financial footing and then selling them off as investments, fuelling a housing boom.
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