adminEuropean Commission warns France
BRUSSELS. — The European Commission yesterday warned France that hitting its deficit target of 3 percent of GDP by 2013 would prove difficult and urged it to do more to rein in public finances.
“Budgetary consolidation remains one of the main policy challenges in France,” the commission said
German firms optimistic on outlook: Survey
BERLIN. — German businesses are increasingly optimistic with regard to the outlook for Europe’s biggest economy, according to a new survey published by the country’s chambers of commerce on yesterday.“Despite the uncertainty in the euro area, the German economy is gaining momentum. “Optimism is on
Kingdom seeks US$200m for recapitalisation
Bright Madera Senior Business Reporter
KINGDOM Financial Holdings Limited is seeking to raise US$200 million in debt capital and offshore lines of credit to further capitalise its operations. The capital will comprise US$50 million in debt through the
Government, cotton farmers deadlocked
Martin Kadzere Senior Business Reporter
GOVERNMENT is on a collision course with cotton ginners after it announced it had nationalised this year’s crop. Agriculture, Mechanisation and Irrigation Development Minister Joseph Made said on
Buhera’s hyena menace
Fortious Nhambura Features Writer
Tendai Makumbe forages the bushes on the foot of Gombe Mountain in Buhera for his missing goats and sheep. The animals strayed while being herded by his playful children. The children feared
Hard work has its rewards
Richmore Tera Features Writer
BUSINESS savvy, clout and a natural flair for success have seen a Harare woman becoming the envy of her community after her hard work saw her being awarded with a brand-new C240 Mercedes-Benz.
Tribute to Scandinavia’s Shakespeare
Ruth Butaumocho Entertainment Editor
THE Book Café will next week Monday host the August Strindberg Centenary launch. The much-anticipated launch will also afford theatre enthusiasts an opportunity to watch snippets of two of
Vusa rallies Warriors
. . . coach Gumbo seeks revenge
Augustine Hwata Sports Reporter
BELGIAN-based midfielder Vusa Nyoni has warned the Warriors to guard against making mistakes if
Fiscal offences explained
The Zimbabwe Revenue Authority (Zimra) is empowered to penalise — or refer for prosecution — taxpayers for offences against the provisions of the law and regulations related to tax administration.Offences Defined An offence is a violation or breach of law which can result from omission or