Tabacco sales up 10 percent
Business Writer At least 212,71 million kilograms of tobacco worth US$650,30 million have been sold so far at auction and contract floors in the country since the start of the…
The year’s biggest winners in the solar sector don’t make panels
Bloomberg Producers of raw materials for the solar sector are the key beneficiaries of rising demand this year, outpacing profit growth posted by the largest panel manufacturers. Tongwei Co., the…
Fertilizer importers now require import permits
Business Writer Fertilizer importers will now need permits to bring in the product, according to new regulations, in a move aimed at curbing imports. In regulations issued on Friday under…
EU reaches deal for ban on new combustion-engine cars as of 2035
Bloomberg The European Union reached a deal to effectively ban new combustion-engine cars from 2035, a move that will reshape transportation and mark a significant step on the path to…
Fed on track for tens of billions in losses amid inflation fight
Reuters The Federal Reserve’s aggressive campaign to rein in inflation leaves it on track for tens of billions, if not more, in losses over the next few years, central bank…
Xi leaves China stocks in tatters with record post-congress drop
Bloomberg Distraught over President Xi Jinping’s power grab and his recommitment to the Covid Zero strategy at the Communist Party Congress, investors rushed to exit Chinese shares, triggering an epic…
Amazon rout sets up retreat below US$1 trn market value
Bloomberg Amazon.com Inc.’s market value is set to fall below US$1 trillion after its disappointing earnings report late Thursday sent investors running for the exit. The stock fell 14 percent…
Simbisa to complete VFEX listing by December
Enacy Mapakame Quick restaurants service (QRS) group – Simbisa Brands Limited – is expected to complete listing process on the Victoria Falls Stock Exchange (VFEX) beginning of December this year…
Blow for Mzi Khumalo’s mines control bid
Business Writer Businessman, Mzi Khumalo’s fight for control of Mazowe Gold Mine in Mashonaland Central Province and Redwing Mining Company in Manicaland, suffered a huge setback after workers, for the…
Annual inflation cools again
Business Writer Annual rate of inflation cooled to 268,8 percent in October 2022, from 280 percent in September as measures taken by Government to tame the vice continue to bear…










