adminItaly’s economy shrinks 9pc
MILAN. – Italy’s economy shrank by 0,9 percent in the fourth quarter of 2012 from the previous one, official data showed yesterday, confirming a previous estimate that showed the recession in the eurozone’s third largest economy deepening.Bank fees trigger class action lawsuit
WELLINGTON. – New Zealand’s registered banks are being targeted in what is set to be the country’s biggest ever class action lawsuit as three law firms attempt to reclaim “ excessive” bank default fees for bank customers.Kibo Mining welcomes Tanzania support
ARUSHA. – Kibo Mining welcomed the Tanzanian government’s support of the company’s Rukwa’s Coal to Power project.The Rukwa Coal to Power Project will, with immediate effect, be included as a strategic component of the Tanzanian government’s National Energy Strategy.Latest Optimus available soon
JOHANNESBURG. – LG announced the latest addition to the Optimus L SeriesII family of devices will be available in South Africa and the rest of Southern Africa in the coming weeks.BoJ chief nominee rules out foreign bonds buying
TOKYO. – Tokyo’s pick to head the Bank of Japan yesterday ruled out purchases of foreign bonds to stoke the economy, as the country faced criticism it was engineering a yen devaluation.British business backs Cameron
LONDON. – Chief executives of some of Britain’s biggest companies – including BP, Vodafone and GlaxoSmithKline – yesterday joined the boss of English football’s Premier League in stressing the need for Britain to maintain its overseas aid budget.German trade gains momentum
FRANKFURT. – Germany’s trading activity got off to a strong start this year with both exports and imports rising in January, official data showed yesterday.Europe’s biggest economy exported 91,9 billion euros (US$119,6 billion) worth of goods in calendar and seasonally-ajusted terms inEthics equals success
EFFECTING organisational change through managed corporate ethics processes has become a powerful phenomenon on the global market place. Corporate ethics is now an indispensable strategic imperative that is significantly contributing towards the survival and growth of businesses.China motor vehicle sales rise
BEIJING. – Vehicle sales in China, the world’s top car market, rose in the first two months of the year, an industry group said yesterday, indicating strong demand as the country’s economy gradually recovers.A total of 3,39 million vehicles were sold in the country over January and February, rising
Tourism boom beckons for Zimbabwe
Golden Sibanda in Berlin, GermanyZIMBABWE is fast regaining its lustre as a preferred tourist destination in Africa amid indications of renewed interest from buyers and tour operators to promote the country as a stand-alone holiday destination, Zimbabwe Tourism Authority chief operating officer Mr Givemore Chidzidzi