Crypto whales smell blood, start accumulating bitcoin

This year will go down as one of the worst in the short but storied history of cryptos, comparable perhaps with the disastrous Mt. Gox hack of 2014, when thieves…

Meliá, Rafael Nadal announce new lifestyle hotel brand ZEL

Tennis player Rafael Nadal and Gabriel Escarrer, CEO of Meliá Hotels International, today announced the new lifestyle hotel brand ZEL in Madrid. ZEL is a new brand of resort and…

No Christmas present for Eskom

Eskom has already spent double its upwardly adjusted diesel budget in an effort to keep the lights on, and this is expected to weigh heavily on the numbers to be…

EV production set to surge in 2023 despite low sale

Reuters – The past year was sobering for investors who poured money into Tesla Inc (TSLA.O) and rival electric vehicle startups that hoped to emulate Tesla CEO Elon Musk’s success.…

Most markets drop as central banks crush Christmas spirit

Most Asian stocks fell Friday as investors contemplated interest rates going higher than expected for an extended period after central banks reaffirmed their commitment to bringing down inflation. After a…

Gvt finalises IPPs implementation plan

Oliver Kazunga Business Writer ZIMBABWE has finalised a standardised implementation agreement to accelerate the generation of 1 100 megawatts at a cost of US$1 billion by 27 Independent Power Producers…

ZFU establishes commercial entity

Enacy Mapakame Business Writer The Zimbabwe Farmers’ Union (ZFU) recently launched a commercial entity, Globfarm Investments Private Limited, which is now operational, and is expected to transform agriculture into viable…

Sustained gains for ZSE as, investors see buying opportunity

The ZSE All Share Index today gained further, adding 419.50 points representing a 2,67 percent surge to close at 16 138.51 points. Gains were driven by Innscor, which is trading…

Musk narrows voting on Twitter policy to Blue members after poll

Twitter will restrict voting on major policy decisions to paying Twitter Blue subscribers, company owner Elon Musk said in one of his first tweets following a poll calling for him…

UK borrowers are facing a serious reality check

It is now exactly a year since the Bank of England started raising interest rates from a record low of 0,1 percent. Threadneedle Street has increased the cost of borrowing…

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