adminSpain plunges back into recession
MADRID. — Spain’s jobs-scarce economy plunged back into recession in the first quarter of 2012 as employment slumped even further, the Bank of Spain said Monday. Barely two years after emerging from the last downturn, Spain slid into recession again with two consecutive quarters of economic contraction, the central bank said in a report. Gross domestic product fell by an
A case of risking the future
Arthur Choga
. . . as most pre-schools in Zim do not meet requirements
From the street, the crèche looks like any of the other houses. What sets it apart are the bright cartoon characters on the
Brother accuses Samsung boss of being greedy
SEOUL. — The elder brother of Samsung Electronics chairman Lee Kun-Hee said yesterday he would not drop his lawsuit over a family inheritance and accused his sibling — South Korea’s richest man — of being greedy. “Kun-Hee has aggravated a discord among brothers, always taking care of his own gain,” Lee Maeng-Hee (80), said in a statement released through his lawyer,
‘21st century businesses need innovative leaders’ address global autonomy issue
Stellenbosch (South Africa). — Twenty-first century businesses are lacking innovative leaders who have the capability to achieve long-term growth. This is the view of Dr Richard Straub, president of the Mr Peter Drucker Society Europe who recently spoke at the University of Stellenbosch Business School’s (USB) Leader’s Angle. “The time for a management revolution has come to
Defence policy vital for indigenisation, says Mnangagwa
Ruramai Gatsi Business Correspondent
DEFENCE Minister Emmerson Mnangagwa says Zimbabwe’s defence policy is vital in promoting a sustainable national socio-economic development in the country as it stabilises industry and eliminates chances of internal economic sabotage.
Corporate ethics: An emerging global standard
Bradwell Mhonderwa Business Ethics
WHEN company leaders have a clear understanding of the relationship between ethics and other performance metrics in the organisation, it becomes imperative for them to reveal this connection to all company stakeholders by embedding ethics
Old Mutual ups stake in RioZim
Bright Madera Senior Business Reporter
OLD Mutual has increased its shareholding in RioZim from 20 percent to 29,6 percent after sub-underwriting the mining company’s US$5 million rights issue. RioZim floated 10 million rights issue shares and shareholders subscribed 60,63 percent
RBZ to decide on Genesis Bank
Business Reporter
THE Reserve Bank of Zimbabwe will this week decide on the fate of Genesis Bank after two other banks succeeded in courting credible investors to meet minimum capital requirements set by the central bank. RBZ Governor Dr Gideon Gono recently said
Biti differs on indigenisation
Business Reporter
FINANCE Minister Tendai Biti has blasted Government’s indigenisation and empowerment programme as a policy designed to benefit a few elite, contradicting his utterances only a month ago. Minister Biti last month told the second Euromoney
Chicken ‘before egg’ at Sri Lanka farm
A hen has produced a live chick in a freak birth at a poultry farm in central Sri Lanka, according to a veterinary surgeon.The vet in charge of the town of Welimada, PR Yapa, said the egg appeared to have incubated inside the hen for 21 days.
The hen died when it gave birth to the chick. “I had only heard about such aberrations, but I was able to see it for myself