Brazil oil workers strike

RIO DE JANEIRO/SAO PAULO. – Brazilian oil workers began a 72-hour strike yesterday in a new blow to President Michel Temer following a nationwide trucker protest that has strangled Latin America’s largest economy for over a week. The strike is the latest challenge for state-led oil firm Petroleo Brasileiro SA, …

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Global business principles, local nuances

Somebody said a Chinese student who goes to study business in the West will return home and do business the Chinese way. An Indian student will do the same. It is not yet clear whether an African business student will also come back home and conduct business the African way. …

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Three trends ahead for China’s employment market

As the 2018 global economy looks to continue getting stronger thanks to cyclical recovery, most signs point to faster growth across all regions. China in particular has become one of the world’s most important battlefields for global capital as mobile technology, artificial intelligence (AI), robotics and big data bolster our …

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Govt to import $200m edible oil

Zimbabwe is expected to import crude edible oil worth $200 million this year in an effort to supplement local production as it emerged the country’s soya beans harvest of around 50 000 tonnes falls short of national demand. Zimbabwe requires about 300 000 tonnes, with oil expressers alone requiring 150 …

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Barclays invests $10m in digital migration

Following its acquisition by FMB Capital of Malawi, Barclays Bank Zimbabwe, says it is investing around $10 million in respect of the migration of its digital systems. Last year, FMB Capital acquired a 43 percent shareholding in the Zimbabwe Stock Exchange-listed bank. Outgoing chairman Anthony Mandiwanza told shareholders at the …

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Horticulture set to surpass $143m

The Government initiative to return the horticulture sector to its former glory as one of the leading export earners is achievable if challenges bedevilling the sector are addressed, an expert has said. Zimbabwe Commercial Farmers Union (ZCFU) director Jeremiah Tevera, said surpassing the $143 million mark was achievable given the …

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National Broadband upgrade set for completion

Livingstone Marufu recently in Masvingo Communication bills for companies and individuals are set to decline significantly when TelOne completes its National Broadband (NBB) network upgrade project next month funded under a $98 million loan facility from China’s Exim Bank. The company has already connected 98 percent of the targeted customers …

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CHiNT to proceed with Gwanda solar

Business Reporter CHINESE electrical engineering giant, CHiNT Electric has reaffirmed its commitment to proceed with the implementation of the 100 megawatt Gwanda solar farm project, asserting the debarment by African Development Bank (AfDB) will not affect the project. This follows an enquiry by Zimbabwe Power Company (ZPC), the accounting officer, …

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‘Upsurge in mobile money fraud’

BY TATIRA ZWINOIRA In an emailed statement to NewsDay on Monday, ZICT chairman, Jacob Mutisi warned that there could be an upsurge in mobile money fraud. “Our worry, as ZICT, is [that] there is the focus on the top end of our market, who are the individuals that have bank …

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Golix stop clients from trading cryptocurrency

BY TATIRA ZWINOIRA In a statement to their clients yesterday, Golix said they had engaged banks to allow them to reimburse their clients. “Please do not make any deposits into Golix until we have announced that we have resumed trading. “If you try to deposit funds to our bank accounts …

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