Nvidia’s $589bn DeepSeek rout is largest in market history

Nvidia Corp’s plunge, fuelled by investor concern about Chinese artificial intelligence startup DeepSeek, erased a record amount of stock-market value from the world’s largest company. Nvidia shares tumbled 17 percent…

Buy Zimbabwe embarks on major restructuring to support local businesses Business Writer

Buy Zimbabwe embarks on major restructuring to support local businesses Business Writer   Buy Zimbabwe, the organization championing local products and services for the past 13 years, has announced a…

Zimbabwe’s January 2025 inflation figures show steep increases across metrics

Tapiwanashe Mangwiro January 2025 has marked a significant surge in inflation across Zimbabwe, with the latest figures released by the Zimbabwe National Statistics Agency (ZIMSTAT) highlighting stark changes in the…

Rejoice Academy wins “King of the Ring” National Foods competition

Business Writer Rejoice Academy, a school based in Kambuzuma in Harare, came out tops in the National Foods’ King Kurls “King of the Ring” promotion, snatching the grand price prize…

ZIMRA clarifies livestock valuation for Tax purposes

The Zimbabwe Revenue Authority (ZIMRA) has shed light on the valuation of livestock for taxation purposes, emphasizing the importance of accurate reporting in accordance with the Income Tax Act. ZIMRA said in…

Tobacco growers surge ahead of 2024/25 Season

Oliver Kazunga Senior Business Reporter THE number of registered tobacco growers for the 2024/25 summer cropping season has jumped to 126 477 from 113 161 during the same period last year.…

USD inflation soars in January, raising concerns

Business Writer January 2025 witnessed a sharp surge in USD inflation, with the month-on-month rate skyrocketing to 11.5 percent, a significant jump from the previous month’s 0.6 percent. This rapid…

Afreximbank launches Hub to connect African researchers with industry

Regional Business Writer  The Intra-African Trade Fair (IATF) is set to become a key platform for fostering innovation and connecting African researchers with the industry, according to Mrs. Kanayo Awani,…

DeepSeek’s sudden fame strains its systems and draws attacks

Bloomberg Talk of an artificial-intelligence upstart in China behind a formidable ChatGPT rival had been building for days. At the World Economic Forum in Davos last week, some mentioned Hangzhou-based…

Government committed to addressing challenges facing citizens

The Zimbabwe Revenue Authority (ZIMRA) has significantly improved its risk management and fraud detection capabilities through the extensive use of technologies such as drones, leading to a notable increase in revenue…

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