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Gold steady

BENGALURU. — Gold steadied near a more than six-month peak yesterday as the dollar’s slight recovery offset concerns about economic growth after US-China talks failed to provide clarity on efforts to end their trade dispute. Spot gold was little changed at $1,292.95 per ounce as of 1256 GMT, hovering near …

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Ford to cut jobs in turnaround plan

Car-maker Ford has announced plans for a major shake-up of its operations in the UK and mainland Europe. It is expected to lead to thousands of job losses across Europe, including the UK, although cuts at its UK factories are not thought to be imminent. But Ford Europe boss Steven …

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Export Relief for Raw Hide Merchants

By Kudakwashe Mhundwa and Princess Ncube Government has granted an export tax relief to registered raw hide merchants, as it moves to reduce the amount of unbeneficiated leather raw materials that are going to waste, according to a Government Gazette published last Friday. The waiver comes on the back of …

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Zetdc Warns of Rainy Season Power Outages

By Nesia Mhaka The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has warned customers to heed rolling power outages, mainly driven by perennial challenges that come with the rainy season. During the rainy season, the electricity infrastructure, particularly cables and poles, are affected usually by falling trees. Zesa Holdings spokesperson …

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Church, Health Ministry Launches Anti-Drug Campaign

By Columbus Mavhunga A group of concerned Zimbabweans has started an anti-alcohol and drug campaign, targeting communities in which unemployed young people resort to drinking and using narcotics to alleviate the stress of not having work. Those involved in the campaign say the solution lies largely with improving the country’s …

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Small-Scale Miners Cry Foul Over Fuel Shortages

By Ishemunyoro Chingwere Fuel shortages that have dogged the economy since last year, are now posing a threat to the mining sector and small-scale miners have called on the Government to act decisively to avert the negative effects. The mining sector is Zimbabwe’s largest foreign currency earner led by gold …

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Masiyiwa’s Call for Removal of Zim Sanctions Justified

By Christopher Makaza The MDC and other mean-minded elements continue to exhibit highly disingenuous thinking where anyone who is against Western sanctions against Zimbabwe and calls for their removal, is automatically viewed as either a dull or ZANU-PF supporter. With this kind of mentality, we are going nowhere, and it …

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Zim Economic Crisis – the Voice of the People Cries for Help

By Lovejoy Mutongwiza “The voice of the people is the voice of God!” a rhetoric popularized by President Emmerson Mnangagwa, rallying citizens to support his administration has come under scrutiny from the general populace, hard hit by the current economic situation prevailing in the country. A visit to Harare’s oldest …

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