Zimbabwe’s inflationary figures beat expectations

By ZBC Reporter Analysts say the reduction in year on year inflation from more than 700 percent to around 400 is testimony of the success of fiscal economic interventions. Zimbabwe’s…

Government impressed with exploration work at Bravura Platinum

By Owen Mandovha GOVERNMENT is impressed with mining companies that have been granted licenses during the Second Republic with Bravura Platinum in Mashonaland East Province on the verge of completing…

Oil prices fall sharply as COVID-19 cases surge, US vote drags on

OIL prices fell more than 2 per cent on Friday as new lockdowns in Europe to halt surging infections of COVID-19 sparked concern about the outlook for demand, while markets…

Bentley set to go fully electric by 2030

Luxury carmaker Bentley has unveiled plans to go fully electric by 2030 after making the decision to become one of the car industry’s leaders in environmental sustainability. The carmaker said…

UK: Sunak to extend furlough scheme to end of March

Chancellor Rishi Sunak has confirmed that he will extend the furlough scheme across the UK until the end of March. Mr Sunak said the scheme will pay up to 80%…

Chinese President opens up to more trade deals

CHINESE President Xi Jinping said China will import more than $22tn (£17tn) worth of goods over the next decade. He has also called for a more constructive approach to an…

Jeff Bezos sells more than $3bn worth of Amazon shares

AMAZON CEO Jeff Bezos has sold more than $3 billion worth of Amazon shares after accelerating his stock sales in the last year. The sales bring his total cash out…

Indonesia in recession for first time in 22 years

Indonesia has fallen into its first recession in 22 years following a decline of 5.32% in the second quarter of 2020 as the coronavirus pandemic continues to take its toll.…

Volkswagen launches ‘most powerful Golf yet’

Volkswagen unveiled a 315-horsepower Golf R on Tuesday, the most powerful version of its Golf compact car ever offered for sale. The Golf R has an improved torque-vectoring all-wheel-drive system…

Luxury vehicles, booming sales in China boost BMW profits

By Associated Press FRANKFURT, Germany (AP) — German automaker BMW said third-quarter net profit rose 17% to 1.81 billion euros ($2.22 billion) as sales boomed in China and highly profitable…