adminUS trade deficit edges lower
WASHINGTON. – The US trade deficit edged lower in February due largely to a decline in crude oil imports, government data released last Friday showed.The Commerce Department reported the trade gap shrank to US$43 billion, down from the revised US$44,5 billion in January.
Kenya Airways declares war
NAIROBI. – Kenya Airways management is girding itself to fend off stiff competition from rivals South African Airways and Ethiopian Airlines which could eat into its profit margins.The airline’s survival strategy hinges on keeping its aggressive competitors from snatching its skilled workers, overhauling its ageing fleet, and ratcheting up its trainee pilot
Euro exit poses high risk for Cyprus
NICOSIA. – An exit from the eurozone may look tempting for Cyprus in the throes of economic collapse but it poses a high-risk option for an island economy heavily reliant on imports, analysts say.Freda Rebecca back on line
Golden Sibanda Senior Business ReporterMWANA Africa says its local gold mining unit, Freda Rebecca, has resumed full-scale operations after being closed last month because of a leach tank accident that resulted in the injury of five workers.
Airzim resumes daily flights
Air Zimbabwe has resumed daily flights to Victoria Falls, Bulawayo and Johannesburg to cater for the increasing demand on these routes, particularly as the Zimbabwe International Trade Fair approaches.
Trust Bank in trouble
Business ReporterTRUST Bank says it has concluded negotiations with an investor who expects to inject US$9 million for recapitalisation while talks continue for an additional US$4 million as the bank seeks to increase capital and improve liquidity.
Snipes swaps prison garb for house arrest
LOS ANGELES. — Passenger 57 is no longer inmate number 43355-018.It has been learnt that Wesley Snipes has been released from prison.
Queen Elizabeth honoured
LONDON. — Queen Elizabeth was awarded one of Britain’s most prestigious entertainment honours on Thursday for her support for the film and television industry.Actor and director Kenneth Branagh presented the 86-year-old monarch with an honorary Bafta Award — Britain’s equivalent of Hollywood’s Oscars — for her patronage of many of
MDC-T MP forges qualifications
Herald Reporter