Former FIFA and UEFA Presidents Sepp Blatter and Michel Platini have been acquitted of fraud, forgery and mismanagement in a court in Switzerland on Friday. The trial centered on a payment made by FIFA, world soccer’s governing body, to Platini in 2011. At the time, Platini was President of UEFA, …
Read More »Former Japan Ex-PM Abe Dies After Being Shot While Making A Campaign Speech
Former Prime Minister Shinzo Abe, Japan’s longest-serving leader, died on Friday after being shot while campaigning for a parliamentary election, an official from his political party said. A man opened fire on Abe, 67, from behind with an apparently homemade gun as he spoke at a drab traffic island in …
Read More »Fired Judge Ndewere Suffers Another Reinstatement Blow
Former High Court judge, Justice Erica Ndewere has suffered another blow after her appeal against tribunal findings against her was trashed. Ndewere was fired from the bench by President Emmerson Mnangagwa in June last year for misconduct and incompetence. This followed recommendations by a tribunal which was set up by …
Read More »Cornered Boris Johnson Quits As UK Prime Minister
U.K. Prime Minister Boris Johnson resigned Thursday, bringing an acrimonious end to a nearly three-year premiership that has been beset by controversy and scandal. Speaking outside Downing Street, Johnson said the process for choosing the new leader of the Conservative Party should begin now, with a timetable to be announced …
Read More »Will Gold Coins Ease Zimbabwe’s Pain?
The $1,86 trillion translated to about US$17,5 billion at the end of last year, with US$6,6 billion in arrears. In the Annual Debt Bulletin 2021 Financial Year report released two weeks ago, the office said total public debt to gross domestic product (GDP) ratio, estimated at 50,9% during the period, …
Read More »RBZ Auctions Unavailable Forex
The Reserve Bank of Zimbabwe (RBZ) auctioned foreign currency which was not available early this year, triggering an allotment backlog. Companies have been at loggerheads with the central bank after it failed to allot the foreign currency with the backlog of about 10 weeks, a situation that left companies exposed …
Read More »Govt Admits Debt Crisis Shatters Global Records
ZIMBABWE’S $1,86 trillion debt has breached thresholds prescribed under the low-income country (LIC) Debt Sustainability framework, exposing the country to refinancing risks, the Public Debt Management Office has indicated. The $1,86 trillion translated to about US$17,5 billion at the end of last year, with US$6,6 billion in arrears. In the …
Read More »Yocaf Returns To Uplift The Youths
ZIMBABWEAN youths remain the most vulnerable persons due to country’s high unemployment levels and the general economic meltdown. Youths constitute 67% of the country’s population and most of them have never been formally employed. Local youth programmes have been either largely neglected or underfunded, perpetuating the vulnerability of this group. …
Read More »Zec To Consider New Voters Blitz
On Tuesday, Zec released a statement stating that as at June 10, the country’s registered voters numbered 5 804 975, a 2% increase on 5 695 706 from 2018. Zec spokesperson Jasper Mangwana yesterday told NewsDay that the commission would consider conducting another voter registration blitz before the polls. “The …
Read More »Rocco Morabito: Fugitive Mobster Handed Over To Italy
One of Italy’s most wanted men, mobster Rocco Morabito, has arrived in Rome after being extradited from Brazil, where he had been in hiding. Known as the “cocaine king of Milan”, Morabito was arrested in May last year in a joint operation by Brazilian and Italian police. The 55-year-old will …
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