adminJapan trade deficit jumps
TOKYO. — Japan logged a bigger-than-expected trade deficit of about US$11,5 billion in May as the nation’s energy costs soared, official data showed yesterday. The 907,3-billion-yen shortfall marked a record deficit for the month of May and was 5,4 percent higher than the 860,7-billion-yen deficit in MaySA’s IMF investment ‘positive’
JOHANNESBURG. — South African business leaders said on Tuesday that Pretoria’s decision to invest US$2 billion towards the International Monetary Fund’s firewall fund is “positive and necessary.”Pretoria made the announcement as the G20 leaders met in Mexico concurred to increase the resources
G20 success depends on Europe
LOS CABOS (Mexico). — The leaders of the G20 powers left their annual summit on Tuesday desperately hoping that Europe is ready to take the measures it needs to head off a catastrophic economic collapse.Observers who came to Mexico for the get-together of the world’s most powerful leaders were
China ups IMF contribution
BEIJING. — China’s announcement on Monday that it will contribute US$43 billion to the recapitalisation of the International Monetary Fund cemented China’s image as a responsible country and conformed to national interests, experts said.When democracy becomes defiance
IN December 2005, CITGO, the Houston-based subsidiary of PDVSA, Venezuela’s state-owned national oil company, flighted a full-page advert in major US newspapers with a screaming header “How Venezuela Is Keeping the Home Fires Burning in Massachusetts.”
The advert was about a programme initiated by Hugo Chavez’s government to sell heating oil at discounted prices to low-income communities in Boston, the South Bronx and other parts of the
Of villagers and Old Virginia
A FEW days’ visit last week to Makombe Building — that famous place in Harare where you are non-existent unless they have issued you with various pieces of documents including your death certificate — was an eye-opener. For a moment I thought that I was in “the village, in the land of milk, honey and dust or Guruve”.On all days, I saw so many villagers — some holding papers, running, shouting, panicking, looking
Zim could import oil at reduced cost
Business Reporter
Zimbabwe could soon import fuel at reduced transport costs from Tete province after the signing of an agreement between the Mozambique government and a consortium of international investors to produce oil from coal.
Maneta, Roki evicted from Big Brother
Bongani Ndlovu
ZIMBABWE’S representatives Maneta and Roki were yesterday evening evicted from the Big Brother House after they contravened the violence rule.
Male domestic violence victims need protection
Gibson Mhaka
THE chilling reports of two teachers from Gokwe who recently committed suicide after suspecting their wives were seeing other men serves to show that men, just like their female counterparts, also bear the pain of abuse and being cheated on.
Leaders seek G20 boost for flagging economy
LOS CABOS (Mexico) — World leaders and the IMF tried to inject fresh confidence into the flagging global economy on Monday at a G20 summit in Los Cabos, Mexico, dominated by Europe’s growth-sapping debt crisis.