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AMERICAS

Investors dump BlackBerry

Toronto - BlackBerry's total market value plunged by more than one-fourth on Friday after the smartphone maker reported dismal quarterly results, prompting ever-deeper scepticism about a long-promised...

By Reuters | Published: 01 July 2013

EUROPE

British Airways to trial electronic baggage tag

British Airways will start testing an electronic baggage tag which could remove the need for a new paper tag each time a traveller flies and speed up passenger check-in times at the airport.Passengers...

By Raymond Kollau | Published: 01 July 2013

EUROPE

British shares rise

London - Britain's top share index rose on Monday as investors placed fresh bets at the start of the quarter, with robust June manufacturing data sending industrial firms to the top of the leaderboard...

By Reuters | Published: 01 July 2013

TRANSPORT & TOURISM

Boardroom squabbles hit RTG Group

RTG has been allegedly hit by some serious corporate governance issues and concerns after an attempt by a board faction to push for the ouster of certain company executives.The controversial move, re...

By Business reporter | Published: 01 July 2013

LANDS & AGRICULTURE

AICO reports a depressed set of financials

AICO reported a depressed set of financials negatively impacted by the lower seed sales volumes, lower lint prices, impairments as well as high finance costs. Although sales volumes grew 18% to 213,72...

By Business reporter | Published: 01 July 2013

INDUSTRIALS & ENERGY

Star Africa technically insolvent

CASH-SRAPPED Star Africa Corporation is technically insolvent as its liabilities far outstrip assets.Star Africa will thus sell its investment in Botswana-based associate Tongaat Hulett and Blue Star ...

By Business Reporter | Published: 01 July 2013

INDUSTRIALS & ENERGY

Bata Shoe company to increase production by 20%

THE country's largest shoe manufacturing company, Bata, is aiming at a 20% increase in production by year end despite a shortage of raw materials, a company executive has said.The shoe manufacturer is...

By Business reporter | Published: 01 July 2013

AMERICAS

Who will succeed Ben Bernanke?

Washington - The White House has assembled a short list of candidates to succeed Federal Reserve Chairman Ben Bernanke, a source familiar with the process said last week, and US Treasury Secretary Jac...

By Reuters | Published: 01 July 2013

FINANCIAL SERVICES

Metbank to introduce Europay, MasterCard and Visa

Metbank announced last week that it will introduce Zimbabwe's first certified Europay, MasterCard and Visa in collaboration with the global payments technology company, MasterCard.This will see the b...

By Business Reporter | Published: 01 July 2013

POLITICS

Mugabe ruling by decree

President Robert Mugabe has become Zimbabwe's sole law-making authority until the next elections are held following the automatic dissolution of parliament, his justice minister told state media on Su...

By AFP | Published: 30 June 2013

AFRICA NEWS

Scores wounded, 4 dead in Egypt clashes

Cairo - At least four people were killed in Egypt and nearly 200 wounded on Sunday in clashes between supporters and opponents of Islamist President Mohammed Morsi, security and medical sources said.A...

By Reuters | Published: 30 June 2013

BUSINESS NEWS

Mine Entra expo preps on course

PREPARATIONS for this year's Mining, Engineering and Transport (Mine Entra) expo  are at an advanced stage with more than 5 800 square metres of exhibition space having been booked so far. The an...

By Business Reporter | Published: 30 June 2013

OPINION

Sanctions have taught Zimbabweans to be resilient

LEGEND has it that when Cecil John Rhodes colonised Zimbabwe he believed that a missing jewel from King Solomon's treasure chest, called Solomon's Ophir was to be found on the plateau between Zambezi ...

By Gibson Mhaka | Published: 30 June 2013

BUSINESS NEWS

Bulawayo Rainbow spruces up for UNWTO

Bulawayo, Zimbabwe's second largest city, is famed for its charisma as the City of Kings and, of course, the kings must live with their queens. The City of Kings - so-called as it was the capital of l...

By Isdore Guvamombe | Published: 30 June 2013

AFRICA NEWS

South Sudan oil shipments resume

KHARTOUM - Shipments of South Sudanese oil from Sudan have resumed after more than a year, a senior petroleum ministry official said yesterday, but the South expressed concern Khartoum might stop the ...

By AFP | Published: 30 June 2013

AFRICA BUSINESS

Call to extend SIM card deadline

LAGOS - As the deadline to register subscriber identity module cards approaches, the National Association of Telecommunications Subscribers of Nigeria appealed for an extension of the programme.The Ni...

By Business reporter | Published: 30 June 2013

AMERICAS

New $100 bill expected in October

New York - For only the fourth time in history, there will be a new $100 bill.America's Federal Reserve announced that after a three-year delay due to slower-than-expected production there will be an ...

By CNNMoney | Published: 30 June 2013

OPINION

Redefining Zimbabwe's competitiveness

Address at the ZNCC Annual Congress by Prof. Arthur G.O. Mutambara, Deputy Prime Minister of Zimbabwe on 13th June 2013, Victoria Falls, Zimbabwe.IntroductionMost of our development and industrializat...

By Arthur G.O. Mutambara | Published: 30 June 2013

AFRICA BUSINESS

Investors lose confidence in SA markets

AS US President Barack Obama jetted into town on Friday, the diplomatic talk was about how South Africa could use the visit to bolster trade ties.The US was a "major export market for South African pr...

By Tshepo Mashego | Published: 30 June 2013

EUROPE

New BoE boss faces stimulus battle

London - Canadian Mark Carney begins his job as governor of the Bank of England on Monday, joining an institution divided on whether to pump out more cash stimulus to boost Britain's fragile economic ...

By Alice DORE, Roland JACKSON | Published: 30 June 2013

EUROPE

'Tesco turnaround could take 3 years'

London - A former chairman of Tesco, the world's No.3 retailer, said that restoring the store group's fortunes could take up to three years and appealed to investors to give Chief Executive Phil Clark...

By Reuters | Published: 30 June 2013

AMERICAS

Markets headed for stormy months

Paris - Markets are heading into a stormy few months after the US Fed pricked the euphoria which pushed share prices to record highs, but turbulence does not mean a return to crisis, analysts say.Afte...

By Jean Baptiste OUBRIER | Published: 30 June 2013

AMERICAS

Morgan Stanley completes purchase of Smith Barney Venture

Morgan Stanley (MS) completed its purchase of a brokerage joint venture with Citigroup Inc.'s Smith Barney, capping a four-year effort to more than double the size of its wealth-management division.Mo...

By Michael J. Moore | Published: 30 June 2013

POLITICS

Farmers' lawyers to sell Zimbabwe government's R3.5m Cape Town property

THREE Zimbabwean farmers whose land was seized in President Robert Mugabe's land reforms won a landmark victory in South Africa's Constitutional Court on Thursday.Their attorney can now arrange for th...

By Ernest Mabuza | Published: 30 June 2013

MIDDLE EAST

Qatar emir announces transfer of power to his son

DOHA - Qatar's emir Sheikh Hamad bin Khalifa al-Thani said on Tuesday he was transferring power to his son, Crown Prince Sheikh Tamim, taking the rare step for a Gulf Arab ruler of voluntarily ceding ...

By Regan Doherty | Published: 30 June 2013

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