adminFewer Germans keen on deutschmark
FRANKFURT. — Germans are less nostalgic about the deutschmark, and fewer want to give up the euro, according to the results of poll published in the daily Frankfurter Allgemeine Zeitung yesterday.Portugal pays the price for political crisis
LISBON. — Portugal was penalised for its political crisis by a rise in its borrowing rate when it issued short-term bonds yesterday.The treasury raised a total of 1,5 billion euros of which 1,2 billion euros was in one-year bonds with a borrowing rate of 1,720 percent.
China FDI inflows up 5pc
BEIJING. — Foreign direct investment into China rose 4,9 percent year-on-year during the first half of 2013, official data showed yesterday, despite slowing growth in the world’s second-largest economy.China’s richest man rubbishes wealth gap
BEIJING. – China’s yawning divide between rich and poor does not need to be tackled, the country’s richest person said yesterday – as long as everyone can become wealthy.
“We don’t need to solve the problem of the rich-poor gap, we need to solve the problem of common prosperity,” said Zong Qinghou, whose family fortune is estimated at
Greek lawmakers face crucial austerity Bill vote
ATHENS. – Greek lawmakers will vote on a new austerity Bill outlining controversial plans to redeploy 25 000 civil servants this year, despite mass protests against the reforms required for fresh aid funds.European stocks drop
LONDON. – European shares fell yesterday as investors awaited testimony from US Federal Reserve chief Ben Bernanke for fresh clues to the outlook for stimulus policy, dealers said.
Ethiopian Airlines buys 49pc stake in Air Malawi airlines partner
Business Reporter
Ethiopian AIRLINES has announced that it is now the strategic partner of Air Malawi after acquiring 49 percent equity in the latter.
The remaining 51 percent is held by the Malawian government and Malawian private investors.
Telecel offers smart phones on credit
Business ReporterTelecel is offering smartphones and iPads on credit combined with any one of its Telecel Red packages.
The mobile devices are available on credit on 11-month or 24-month contracts for subscribers on any of the three Telecel Red packages.
Smartphone war hots up in India
High-END electronics makers face a big riddle in India: How do you serve a massive group of people that wants to buy your products but is nowhere close to being able to afford them? The correct answer could be lucrative.
Telecel leads the pack
Tonderai Rutsito TechSpot
Since the beginning of the year Telecel has shaken the market with a number of intriguing promotions that have attracted a lot of attention.
While other cellphone service providers have also run their own promotions, Telecel’s promotions have stood out because they have gone beyond their own network borders.