Spain borrowing rates fall in bond auction

MADRID. — Spain’s borrowing costs fell in a bond auction yesterday, hours after European Union leaders reached an elusive deal to create a single banking authority.The auction of three-year and five-year

Mitsubishi, SkyWest seal jet deal

TOKYO. — Japan’s Mitsubishi Aircraft yesterday said it has signed a deal with US-based SkyWest for 100 jets worth US$4,2 billion, with an option to buy another 100 planes.In a statement, the Japanese firm

EU leaders meet after key bank deal

BRUSSELS. — EU leaders met yesterday for the final summit of a difficult year, clearing crucial bailout funds for Greece to tame the debt crisis at the heart of the bloc after thrashing out a banking

Air coolers cheaper, more environment friendly

Evaporative air coolers offer a viable and cheaper alternative to air-conditioners or fans for cooling all spaces inside or outside because: capital and installation cost is lower; operating costs are 70-80

Bollywood’s ‘star wives’ mean business

NEW DELHI. — Bollywood wives were once expected to stay loyal, discreet and out of sight, but today they forge influential careers as businesswomen, designers and producers as India embraces

Opec likely to cut oil output

VIENNA. — Opec will likely cut its oil production next year as prices risk falling in reaction to higher output from top crude consumer the United States and amid a slowing of energy demand growth,

Coal miner Bumi in tussle with UK tycoon

JAKARTA. — Coal miner Bumi Plc yesterday said it will likely side with Indonesia’s powerful Bakrie family in a tussle with British tycoon Nathaniel Rothschild for control of the country’s lucrative mines.

S. Korea interest rate unchanged

SEOUL. — South Korea’s central bank kept its key interest rate unchanged at 2,75 percent yesterday for a second straight month as the economy shows signs of recovering from a year-long slump.

The ICC is hurting Africa

Courtenay Griffiths, QC

Imagine the British Government appointed as minister for Africa a man close friends with a mercenary who attempted to overthrow an African President. Imagine this same minister was fully

DV Act helpful, but . . .

Tawanda Ngena Features Correspondent

Natasha Ncube (not her real name) has no kind words for the police. Earlier this year, the 31-year-old mother of two was brutally assaulted by her husband after she bumped into a romantic text message

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