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Barloworld reports solid first-half earningsSouth Africa’s Barloworld Ltd, a dealer for Caterpillar Inc and other industrial brands, reported a 14% rise in first-half earnings on Monday as a pick-up in mining activity spurred sales of heavy equipment.The biggest revenue increase came from its equipment businesses in Southern Africa, its biggest market, led by mining machine sales in South Africa, Mozambique and Zambia, the company said. Its equipment business in Russia also continued to benefit from greenfield and brownfield mining projects.-Nampa/ReutersSony to pay US$2.3 billion for EMI MusicSony Corp said on Tuesday it would pay about US$2.3 billion to gain control of EMI Music Publishing, as it seeks to boost entertainment content assets and shift away from low-margin consumer electronics.Wholly owned unit Sony Corporation of America will buy all of the roughly 60% stake in EMI Music held by Mubadala Investment Company, lifting Sony’s holding to 90% and making it a consolidated subsidiary.-Nampa/ReutersBoeing technicians in South Carolina to vote on unionisationSome Boeing Co workers at the planemaker' s factory in South Carolina will vote on union representation later this month, the Wall Street Journal reported on.wsj.com/ on Monday, citing US labor regulators.The National Labor Relations Board (NLRB) has ruled that 178 technicians at the Boeing facility, which produces the 787 Dreamliner jets in North Charleston, can vote to join the International Association of Machinists union.-Nampa/ReutersDeal to remove US sales ban against ZTEWashington and Beijing are nearing a deal that would remove an existing US order banning American firms from supplying Chinese telecommunications firm ZTE Corp, two people briefed on the talks told Reuters.The people, who declined to be identified because the negotiations were confidential, also said the deal could include China removing tariffs on imported US agricultural products, as well as buying more American farm goods.-Nampa/ReutersBeltone Financial seeks controlling stake in OragroupEgypt’s Beltone Financial is seeking a controlling stake in Oragroup, which owns banks in 12 African countries, as the company looks to expand its financial services on the African continent, Beltone said in a statement late on Saturday.Beltone Financial, listed on the Cairo exchange and one of the country’s largest asset managers and financial services companies, said its board had agreed to sign a non-binding offer to set out indicative terms for the transaction.It did not disclose the exact size of the stake it is looking to acquire or the potential terms.-Nampa/Reuters

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Namibian Sun 2026-02-20

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Namibian Sun 2026-02-20

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