adminEurope’s financial sector on the mend
FRANKFURT. — Europe’s battered financial sector is showing tentative signs of healing, even if it is still too early to sound the all-clear, a key ECB survey showed yesterday.Credit conditions in the euro area may still be tightening, but are set to do so at a slower rate in the coming months, the European Central Bank found in its quarterly bank
Eurozone emerging from recession
BRUSSELS. — The eurozone may be on the road out of recession, business data showed yesterday but more evidence is needed to say if Europe will soon cease to be a drag on the global economy. A key survey of business activity switched back into growth in July for the first time in 18 months. Markit chief economist Chris Williamson said: “The best PMIJapan suffers fresh trade deficit
TOKYO. — Japan logged another trade deficit in June on soaring import costs, reversing a year-earlier surplus although shipments picked up to key export markets including the US, China and Europe. The US$1,82 billion shortfall come a day after Tokyo lifted its view on the state of the world’s third-largest economy, using the word “recovery” for the firstLiquid makes the fibre dream a reality
Tonderai Rutsito TechSpot
LIQUID TELECOM ZIMBABWE, an Internet access provider, recently announced great strides it has made so far not just locally but also regionally as it consolidates its position as a regional fibre terrestrial giant. Managing director of Liquid Telecoms Zimbabwe Mr Wellington Makamure gave a full history of achievements scored by the terrestrial giant
Afre rebrands to First Mutual Holdings
Insurance group Africa First Renaissance Corporation yesterday commenced trading under its old name First Mutual Holdings (FMH) as it seeks to bury its troubled past and improve visibility. Afre shareholders approved the name change at the company’s annual general meeting held last month. “Shareholders are advised that the name of Africa FirstManaging race relations at the workplace
Shelter Chieza Change ManagementThe recent American case of George Zimmerman and Trayvon Martin brought a lot of controversy to the American judicial system. It is reported that Trayvon Martin, an “unarmed black teenager walking back with Skittles and an iced tea” and George Zimmerman, a white Hispanic neighbourhood watch volunteer in Sanford, Florida, met and had
A double celebration
LADIES and gentlemen, it is that time of the year that I once again ask you to charge your glass or mug with appropriate beverage and raise it in salute as this column celebrates another anniversary. This article marks the end of a second year of me tantalising your literary taste buds every week with an often satirical, yet practical, look atEcobank opens in South Sudan
Business ReporterECOBANK Transnational Incorporated, a leading pan-African banking group, has opened a banking affiliate in South Sudan. The new banking affiliate, the 34th on the African continent, offers the opportunity to support the youngest African state in addressing the challenges in regards to its development, the group said in a statement. Ecobank South
Prestige banking not sustainable
Takunda Mugaga Economic AgendaSwitzerland is well-known for a number of reasons from its Alps to being the wealthiest country in the world in per capita terms. Its capital Zurich is known as the City of Banks. There is a special ambience and prestige that is associated with their opaque banking models. This is the same banking model which had spread to most parts of the world
Meikles facelift almost done
Business ReporterZIMBABWE Stock Exchange-listed Meikles Hospitality says the refurbishment of its hotel’s north wing that began last year is now 90 percent complete and is expected to be operational by the end of August. The hotel embarked on an US$8,5 million refurbishment of the north wing and the project involved the complete renovation of 132 bedrooms