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

‘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

Hre-Jo’burg airfares tumble

Business Editor
The recent introduction of daily Air Zimbabwe flights to Johannesburg using the A320 Airbus has impacted positively on the market, with airfares on the regional route falling by up to 60

Gold falls on US payrolls data

LONDON. — Gold fell more than 2 percent last Friday after US payrolls data beat expectations, supporting hopes that the recovery of the world’s biggest economy is still on track, which may quicken

Anti-austerity groups protest against cuts

ATHENS. Anti-austerity groups from Europe last Friday opened a two-day forum in Athens to protest against stringent cuts applied across the continent, which they see as a vain attempt to promote

German economic outlook brightens

FRANKFURT. — The economic outlook for Germany is brightening, its central bank said last Friday, as improved trade and rising industrial output suggested Europe’s biggest economy is slowly leaving

US stocks rise on jobs report

NEW YORK. — US stocks rose last Friday around 1 percent in early trade after government data showed the jobs sector continued to strengthen in May albeit modestly, with 175 000 net

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

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

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

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