adminUS says China not currency manipulator; chides Japan
WASHINGTON — The US Treasury again shied away from labelling China a currency manipulator on Tuesday, but it rapped the country for not moving quickly enough on exchange rate reforms.
The United States also chided Japan for stepping into the currency market to stem the yen’s rise, and urged South Korea to use such interventions sparingly.
Iran oil threat buoys crude
LONDON — Iran’s threat to stop the flow of oil from the Gulf supported crude prices yesterday and put world shares on the back foot, while looming Italian debt auctions hampered the euro.
Tehran said on Tuesday it would stop oil transiting through the Strait of Hormuz if sanctions were imposed on its crude exports over its nuclear ambitions, a move that could conceivably trigger military conflict with economies dependent on Gulf oil.
NY Times to sell regional newspapers
The New York Times Co said it will sell 16 regional newspapers spread across the US Southeast and California to Halifax Media Holdings for $143 million in cash as it looks to cut costs and focus on its most important papers and their websites.
Spain economy shrinks, outlook bleak
Spain economy shrinks, outlook bleak
Madrid — Spain’s economy will shrink in the last quarter and faces a bleak outlook for the coming months, its new economy minister warned on Monday, heightening fears of a fresh recession.
Luis de Guindos dampened already gloomy expectations for the economy as the new conservative government got to work on its programme of tough spending cuts.
China to start work on world’s highest airport
BEIJING — China will start work on the world’s highest airport next year, in Tibet’s Nagqu town, state media said on Tuesday, which will be about 100 metres higher than the existing record holder in another part of the remote and restive region.
Sunshine Studios seeks talented young musicians to record with
Entertainment Reporter
HARARE- based Sunshine Studios has embarked on a national talent search initiative which will see aspiring musicians getting a chance to record.
Prince Tendai dies
By Auxilia Katongomara
The Zimbabwe music fraternity has again been robbed of a maestro following the death of Barbed-wire singer, Tendai Mupfurutsa.
Mupfurutsa died on his way to Avenues Clinic in Harare yesterday morning after a long battle with motor neurone complications resulting from injuries suffered from a road accident.
He was 56.
Penny Lebyane wanted to commit suicide
MOTSWAKO show host Penny Lebyane touched many hearts this week when, instead of interviewing people about their lives, she set on the other side of the camera to talk about her own demons.
John Legend now engaged
The Ordinary People hitmaker proposed to girlfriend Chrissy Teigen over the festive period while they enjoyed a holiday in the Maldives.
VP Mujuru mourns boat disaster victims
Harare Bureau
Acting President Joice Mujuru yesterday described the Lake Chivero boat disaster that claimed the lives of 11 children on Christmas day as reckless disregard of the sanctity of life.