Wenger ready to smash Arsenal’s transfer record

LONDON. — Arsene Wenger is ready to smash Arsenal’s transfer record this week with bids for three of Europe’s fastest-rising soccer stars. The news that the English Premiership club are thinking big, with moves for Real Madrid’s Gonzalo Higuain,

Zim takes bold step on IMF debt

Business Reporter
ZIMBABWE has adopted the International Monetary Fund staff-monitored programme, as the country moves towards clearing its US$10,7 billion debt which is 107 percent of Gross Domestic

Hilton Hotel brand destined for Harare

Michael Chideme Municipal Reporter
CONSTRUCTION of the US$160 million Hilton Hotel and office complex along Samora Machel Avenue in Eastlea is set to begin in October, Harare Town Clerk Dr Tendai Mahachi has said. The development,

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

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