adminUS$73bn trade deals sealed at China’s biggest import expo
SHANGHAI. – The fifth China International Import Expo (CIIE) concluded in Shanghai yesterday, with a total of US$73,5 billion worth of tentative deals reached for one-year purchases of goods and services.…
Meta’s Zuckerberg to cut over 11000 jobs
Meta Platforms chief executive officer Mark Zuckerberg said the company will cut more than 11 000 jobs, calling himself responsible for the first major round of layoffs in the social…
Amazon first public firm to lose $1 trillion stock value
Amazon.com is the world’s first public company to lose a trillion dollars in market value as a combination of rising inflation, tightening monetary policies and disappointing earnings updates triggered a…
Maddison, Rashford, Wilson make England squad
LONDON. — Leicester midfielder James Maddison has been included in England’s 26-man squad for the FIFA World Cup in Qatar. Manager Gareth Southgate has also picked Manchester United forward Marcus…
ZSE big caps weigh down stock market
Enacy mapakame Business Reporter Equities on the Zimbabwe Stock Exchange (ZSE) fell last week weighed down by weakness in the market’s top cap counters. Resultantly, all the benchmark indicators closed the…
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- businessweekly
- November 11, 2022
- 75 views
Weakening local currency drives money supply to 400pc
Tapiwanashe Mangwiro A weakening local currency against the United States Dollar has driven year on year broad money growth by 388,75 percent as at August 31, 2022. The Reserve Bank…
- businessweekly
- November 11, 2022
- 76 views
We must keep merging currency pools
Banks are reporting increasing totals of foreign currency deposits, and this means that while Zimbabwe’s foreign currency reserves are continuing to grow the bulk of those reserves are in private…
Musk first email to Twitter staff ends remote work
New Twitter owner Elon Musk emailed his workers for the first time late on Wednesday to prepare them for “difficult times ahead” and ban remote work unless he personally approved…
Germany taking Moukoko to World Cup, Reus misses out
BERLIN. — Germany are taking 17-year-old striker Youssoufa Moukoko to the football World Cup though Borussia Dortmund teammates Marco Reus and Mats Hummels have missed out. Coach Hansi Flick named…
- businessweekly
- November 11, 2022
- 73 views
Volatile market: Individual stocks or invest in an ETF?
The face-off Inflation is stuck in overdrive, a potential recession is hanging over our heads, and the Dow Jones Industrial Average DJIA, -0,73 percent and S&P 500 SPX, -0,84 percent…