Last Power studio closes shop

Problem Masau Arts Correspondent
Alick Macheso’s recording stable, Last Power Media, in Msasa has closed shop. The company was deep in debt and could not pay its monthly rentals amounting to US$7 000. Only last month three key band

Euro stocks advance on US jobs data

LONDON. – European stock markets advanced last week as traders welcomed modest US job creation data. After treading water earlier in the session, European equities advanced after the Labour

Asian markets fall

HONG KONG. — Asian stock markets fell and the dollar sank further against the yen last week as traders nervously await the release of a crucial US jobs report later in the day. At the end of a torrid week for the

Chinese bank to finance Hwange expansion

Business Reporter
A CHINESE bank has agreed to finance the Hwange Thermal Power Station expansion. Permanent Secretary in the Ministry of Energy and Power Development Mr Partson Mbiriri revealed this at the

BAT appoints two board members

Business Reporter
LOCAL cigarette maker British American Tobacco Zimbabwe has announced the appointment of Dr Hope Sadza and Mr Wael Sabra board members while Mr Stephen Nyabadza was named company

Lafarge in drive to build better cities

Business Reporter
Lafarge Cement Zimbabwe says it is now shifting its focus to capacity enhancement as it seeks to position itself as the leading supplier of choice of not only cement but all construction material to

‘KP demands squeezing Zim’

Business Reporter
ZIMBABWE has been subjected to “extreme demands” by the Kimberly Process Certification Scheme and this negatively affected the trade of the country’s diamonds, resulting in unprecedented economic

Harare to host customer service indaba

Business Reporter
Stakeholders from all sectors of the economy are expected to attend the second annual Customer Service Conference to be held in Harare this week. The event, which is being organised by the Contact

Spanish factories cut output again

MADRID. — Spanish factories cut production for the 20th straight month in April, official data showed last Friday, sharply braking output of durable goods such as cars or washing machines in the midst of a

Portugal adopts revised budget

LISBON. — Portugal’s parliament adopted Friday a revised budget aiming to keep its finances on track as part of its international bailout after the country’s top court rejected several measures in the initial

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