Company News in Brief

Nvidia shares roar back to lifeAfter several months in the wilderness, Nvidia shares have found their way again as doubts about Big Tech spending subside, trade tensions with China ease and new chip buyers emerge.The stock rallied this week and is on track for the best month in a year after a series of long-term sales agreements during US President Donald Trump’s trip to the Middle East. That followed a tariff detente between the US and China and an earnings season that showed Nvidia’s biggest customers remain full-steam ahead on capital spending related to artificial intelligence infrastructure, where the chip maker dominates.The stock has now advanced 43% from an April low and is less than 6% from where it closed on 24 January, the day before the emergence of DeepSeek’s R1 model sparked fears that cheaper AI development would hurt sales, sending Nvidia and other technology stocks tumbling.-BLOOMBERG Airbus in talks with Malaysian airlines for its A220 planesEuropean planemaker Airbus is holding talks with airlines in Malaysia for its A220 aircraft, state news agency Bernama said on Monday, citing a top company executive.Airbus sees potential for the A220 in Malaysia, where about 150 of its other commercial planes operate, said Anand Stanley, the firm's Asia-Pacific president, and it expects about 400 further orders for future delivery, the agency said."We see a lot of potential demand coming from Malaysia," the agency quoted Stanley as saying. "We are still only in conversations, but we do hope, even though I cannot comment on timing, that we can see the A220 in Malaysia."The Southeast Asian nation is the third-largest market for Airbus in the Asia-Pacific region after China and India, Stanley added.Budget airline AirAsia was already a major customer of the firm's A320 and A330 planes, while Malaysia Airlines operates a widebody fleet of Airbus jets, he said.The report did not say which airlines Airbus was in talks with, however.Last month Malaysia Airlines' parent company Malaysia Aviation Group said it was expecting 20 new Airbus A330neo wide-body jets by 2028, with two in service and eight more expected this year.-REUTERSSouth Africa's Ramaphosa aims to mend US ties with Musk business pushSouth Africa's President Cyril Ramaphosa plans to discuss business opportunities for Elon Musk's companies during a visit to Washington this week aimed at mending relations with U.S. President Donald Trump, Ramaphosa's spokesperson said on Monday.Trump has taken aim at South Africa during his second term, citing disapproval of its land reform policy and of its genocide case against U.S. ally Israel before the International Court of Justice.His administration cut funding to the country in February and last week granted refugee status to a group of white South Africans it said were facing racial discrimination - a claim the South African government denies.The two heads of state are scheduled to meet on Wednesday. And South African officials have been preparing a trade proposal to present to Trump to reset the relationship.One potential proposal would be for Tesla - led by Musk, a close ally and adviser to Trump - to receive favourable tariffs on its imports into South Africa in exchange for building electric vehicle charging stations.-REUTERS

Company News in Brief

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Namibian Sun 2026-05-21

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Company News in Brief

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Namibian Sun 2026-05-21

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