Asian shares higher in post-Xmas trade

HONG KONG. — Asian stocks were higher in quiet post-Christmas trade yesterday, with Tokyo shares lifted by a weaker yen which sank to a 20-month low against the greenback. The Nikkei 225 index at the

China warns of rising financial risks

BEIJING. — China’s financial system is facing increasing risks due to soaring bank loans, with lending to the property sector and local governments a particular concern, the finance ministry warned yesterday.

It’s sungura vs dancehall!

Problem Masau Arts Correspondent
Alick Macheso is set to wrap up a memorable year by performing at his fortress in Chitungwiza at Mubaiwa Hotel on December 31. Dubbed “2012 Closing Show,” the gig also boasts 2012 top performers

Charamba disowns ‘fake’ album

Tawanda Ngena Arts Correspondent
PASTOR Charles Charamba has distanced himself from the album “Mwaka”, which is reportedly selling like hot cakes on the black market in South Africa. “I don’t normally comment on rumours.

Let’s toast to a fruitful 2012

Shelter Chieza Change Management

It might sound cliché to point out that the year has gone by so fast, but it truly has. 2012 was the year which signalled the initiation of this column. And what a ride it has been. Writing in such a widely

Tyre care and maintenance tips

In the previous instalment we discussed tyre selection and the importance of maintaining correct operational pressure levels. Today we are going to focus on good tyre care habits when the tyre is in

‘Fiscal cliff’ cuts Obama vacation short

WASHINGTON. — President Barack Obama was to cut his holiday short and head back to Washington yesterday to try to address the “fiscal cliff”, a set of tax hikes and spending cuts to take effect next

China launches longest bullet train service

BEIJING. — China yesterday launched service on the world’s longest high-speed rail route, the latest milestone in the country’s rapid and sometimes troubled — super fast rail network. The opening of

Myanmar probes fatal plane crash-landing

HEHO. — Myanmar was yesterday probing the cause of an air accident that left two people dead and 11 injured when a passenger jet packed with foreign tourists crash-landed and caught fire. The

Strong currency hurts Philippine call centres

MANILA. — The peso’s rise is hitting call centres in the Philippines, handicapping the global leader in the lucrative business as it combats a challenge from top rival India, industry officials said yesterday.

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