Brussels pressures for reform

BRUSSELS. — The European Commission is today expected to increase the pressure on several countries, particularly France, to speed up structural reforms seen as the only reliable way to boost

Japan retains top creditor status

TOKYO. — Japan kept its position as the world’s largest creditor nation for the 22nd straight year in 2012, government data showed yesterday, as the dollar’s gains helped inflate the value of overseas

Greek banker named Bank of Cyprus boss

NICOSIA. — Greek banker Christos Sorotos was appointed yesterday as interim CEO of the island’s largest lender, Bank of Cyprus, to guide it through tough restructuring under Cyprus’ bailout terms, the

Africa’s growth positive: AfDB

NAIROBI. — Africa’s economy is projected to grow by 4,8 percent in 2013 and accelerate further to 5,3 percent in 2014, buoyed by the continent’s booming natural resources, the Africa Development Bank

VW, unions reach pay deal

FRANKFURT. — German carmaker Volkswagen and the powerful IG Metall labour union announced yesterday they have reached a wage deal, giving 102 000 VW workers in Germany a two-step wage

‘French consumers pessimistic’

PARIS. — French consumers are deeply pessimistic, being as gloomy as they have ever been since 1987, official data showed yesterday. They are increasingly worried about the outlook for their living

MedTech to offload Zimpharm shares

Business Reporter
HEALTH care products manufacturer MedTech Holdings will next month seek shareholder permission to dispose to local an unnamed local company its remaining shareholding in Zimbabwe Pharmaceuticals. The proposal would be presented to shareholders at an annual

ZSE goes electronic

Business Reporter
THE Zimbabwe Stock Exchange will from next week discontinue the manually prepared reports dispatched through its e-mail daily service following the launch of its web data portal system. Acting ZSE chief executive Mr Martin Matanda said following the launch of the web portal, access

‘Incentivise local exports’

Business Reporter
Policy makers have been urged to come up with laws that incentivise local exports in order to re-industrialise Zimbabwe.
This position emerged from the Buy Zimbabwe procurement conference hosted in Harare earlier this

Use your natural competencies

Ben Chiganze A Bassfisherman’s Approach
A FEW weeks ago I went fishing with my four colleagues -Alan, Newton, Chris and Alister. On this particular day I observed different fishing methods and physical attributes from my four fishing partners.  Interestingly, the five of us did not fish exactly the same way

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