October 2024

Musk v Ambani: Billionaires battle over India’s satellite internet

The race between two of the world’s richest men, Elon Musk and Mukesh Ambani, is intensifying as they prepare to face off in India’s satellite broadband market. After India’s government announced last week that satellite spectrum for broadband would be allocated administratively rather than through auction, this battle has only heated up.…

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October 24, 2024

National Report

Women entrepreneurs urged to go global

THE Comesa Federation of Women in Business (COMFWB) has urged female entrepreneurs to expand their market reach beyond local borders and explore export opportunities. COMFWB chairperson Edna Mukurazhizha encouraged women during the Regional Enterprise Competitiveness and Access to Markets Programme (Recamp) training, to consider regional and international markets.…

October 24, 2024

Lifestyle

Trump has the world’s richest man on his side. What does Musk want?

Zander Mundy was midway through a typical day at his office when he heard the news: tech billionaire Elon Musk was speaking at a nearby school in the town of Folsom, in the US state of Pennsylvania. “When is the richest guy in the world in town often?” Mr Mundy…

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October 24, 2024

International News

Challenges facing China’s economy

China’s economy, long seen as a key driver of global growth, has entered a period of significant slowdown. In the third quarter of 2024, the economy expanded by 4.6% year on year, marking the weakest growth in 18 months and falling short of the government’s 5% full-year target. The latest…

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October 24, 2024

International News

Gold reaches record high as geopolitics drive traders to safety

Gold hit a record high, as it receives sustained haven demand with investors monitoring the approaching US election and conflict in the Middle East. Bullion edged up to $2 750.34 on Wednesday, beating Tuesday’s peak by about $1, with geopolitical risks taking center stage as traders focused on a tight…

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October 24, 2024

International News

SAA is debt-free

South African Airways (SAA) is currently debt-free and is not looking for additional funding from National Treasury. However, Parliament’s Standing Committee on Public Accounts (Scopa) heard on Tuesday the national carrier requires a capital injection to get back to its “former glory”. The capital is also needed to bring forward…

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October 24, 2024

Companies & Markets

Schweppes to reduce carbon emissions by 25 pct

SCHWEPPES Zimbabwe says it is working on reducing its waste and carbon footprint by 25 percent as part of efforts to mitigate its negative environmental impact during operations. (more…)

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October 24, 2024

Companies & Markets

FBC gets US$10 million refund in StanChart deal

FBC Holdings’ purchase price for Standard Chartered Bank Zimbabwe (StanChart) and its investment vehicle, Africa Enterprise Network Trust (AENT), was slashed by almost 30 percent, resulting in a final cost of US$23 896 650 after final evaluations. (more…)

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October 24, 2024

Sport

Sabalenka replaces Swiatek as world number one

US Open champion Aryna Sabalenka has risen to number one in the latest WTA rankings, ending Iga Swiatek’s 11-month stay at the summit. Belarusian Sabalenka, who also retained her Australian Open title in January, tops the rankings for the second time after an eight-week stay between September and November 2023.…

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October 24, 2024

Sport

Fifa accused of not paying out over £3m to players

Fifa has been accused of not paying the final part of agreed sums to players across Europe whose contracts have not been honoured by their clubs. A number of sources from different countries with knowledge of the situation say while some payments were made by football’s world governing body, the…

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October 24, 2024

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