Chinese mining company Sinomine wants to fire workers at its Tsumeb smelter. The company promised not to cut jobs for three years after buying Dundee Precious Metals last August. Competition officials made this promise part of the merger deal. The company faces money problems and needs to reduce costs. Workers learned about the job cuts during meetings with company leaders.
Company boss Loggan Lou said copper markets are tough right now. Too many smelters exist around the world but not enough copper ore to process. The Tsumeb plant will stop copper work and switch to maintenance mode until business improves. Lou wants to cut company costs between 30 and 40 percent. The company will start voluntary job cuts for about 260 of the 650...
Secretary of State Marco Rubio hit four International Criminal Court judges with sanctions. He called their actions against Israel and America wrong and unfair. The four women judges come from Uganda, Peru, Benin and Slovenia. Rubio said they targeted American allies without good reasons. The sanctions freeze any money or property they have in America.
The court fought back and said the sanctions were bad for justice. Leaders there promised to keep working despite the punishment. They said hurting judges does not help people caught in wars. The court also warned that sanctions hurt victims who need help. Officials promised to protect their workers from American pressure.
Benjamin Netanyahu praised Trump and Rubio for helping Israel...
Chad stopped giving visas to Americans after Trump banned people from their country. President Mahamat Idriss Déby Itno said Chad has dignity and pride even without planes or billions of dollars. The African nation acts as payback for being put on America's travel ban list. Trump blocked visitors from 12 countries starting Monday. Seven African nations face the strictest rules.
Trump banned people from Chad, Congo-Brazzaville, Equatorial Guinea, Eritrea, Libya, Somalia and Sudan. Afghanistan, Myanmar, Haiti, Iran and Yemen also made the banned list. Other countries face lighter travel limits for certain visa types. The president said America must protect itself from dangerous people. He might change the list if countries improve their...
Police found almost 8 kilograms of cannabis during a Wednesday morning search at Otweya in Tutaleni. Officers valued the drugs at N$379,900. Someone told police about a young man who kept drugs at his place. The tip led to the drug bust and two arrests.
Senior Inspector Judith Shomongula said officers acted on information they received. The search turned up large amounts of cannabis at the location. Police arrested two men during the operation. The suspects are 20 and 31 years old.
Both men will face charges at Walvis Bay Magistrate's Court on Friday. Police continue to investigate the case. The raid happened at Walvis Bay early Wednesday. Authorities seized the drugs and took the suspects into custody.
Sapphire Technology released three new AMD Radeon RX 9060 XT graphics cards. The NITRO+, PURE, and PULSE models use AMD's RDNA 4 design. Each card packs 16 GB of GDDR6 memory at 20 Gbps speeds. They feature 32 Compute Units and 2048 stream processors. Boost speeds range from 3290 MHz to 3320 MHz across different models.
The PURE model targets gamers who want white-themed hardware for small computers. Two fans with dual-ball bearings and AeroCurve blades cool the card quietly. Advanced fin design helps remove heat better. A 10-layer copper circuit board provides strong performance during gaming. Nine-phase digital power keeps the GPU stable under heavy loads.
The PULSE version comes with either 8 GB or 16 GB memory options. Integrated...
FDH Bank earned K74 billion after taxes during 2024. The profit doubled from K35.6 billion the year before. Shareholders will receive more money because of strong results. The bank performed well despite tough economic times. Leaders announced the numbers at their annual meeting.
Total revenue jumped 90 percent to K195 billion last year. Net interest income grew 136 percent to K141 billion. Bank assets rose 119 percent and crossed K1.2 trillion. Customer deposits almost doubled to K883 billion. People trust the bank more and keep their money there.
FDH launched Shariah-compliant banking services for Muslim customers. The bank became the first in Malawi to offer Islamic financial products. They also opened a branch on Likoma Island for...
Police caught Elijah Dukuma Msiska after weeks of hunting him across Malawi. The fugitive had a K40 million bounty on his head. Many people joked that searchers should check the afterlife for him. His capture ends one of the country's biggest manhunts. Authorities finally tracked him down and arrested him.
Henry Phwanthe faced another fraud after Msiska went to jail. The UK-based business executive lost millions of kwacha again. Close friends betrayed him and stole his money. Phwanthe accused Davie Shenko Kaunda of leading the theft. Kaunda is the son of former Cabinet Minister Symon Vuwa Kaunda.
Phwanthe wrote angry social media posts about the betrayal. He called his former friends modern-day Judases. The victim said they smile at...
NVIDIA CEO Jensen Huang plans to visit Europe for major business deals. He will travel to Germany first and meet with government leaders about artificial intelligence projects. The company signed billion-dollar contracts during recent Middle East trips. European Union officials want to compete better against other regions building AI systems.
Germany expects Huang to announce a massive data center project using 100,000 advanced computer chips. Each chip costs around $30,000 which brings total equipment expenses to $3 billion. The facility would become Germany's largest AI investment and another huge revenue source for NVIDIA. European countries depend almost entirely on NVIDIA chips for their technology needs.
Huang will also visit...
Sony plans to add a new power-saving feature to PlayStation 5 systems soon. The company briefed developers about the low energy mode that cuts power use without breaking games. This third performance setting joins the base mode and Trinity mode already available. The new option reduces GPU speeds and cuts memory bandwidth to save electricity.
Developers receive documentation showing major system limitations under the energy-saving profile. The mode restricts processors to eight threads and reduces audio processing power. Graphics cards run at minimum speeds and lose advanced features like ray tracing support. These changes drop power consumption significantly compared to normal operation.
Gaming experts believe Sony prepares for...
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