Trump’s Huawei Ban ‘Wins’ One Trade Battle

Indeed, Huawei’s executive director and chairman of its investment review board, David Wang, told Bloomberg that, “Our U.S. business is not that big. We have global operations. We still will have stable operations.” Wang is right… to a point. Huawei derives most of its sales from international markets, according to a 2018 financial report released earlier this year, but it depends heavily on technology from U.S. chip manufacturers for its equipment. Without those supplies, Huawei could find itself in a very difficult spot, indeed. Huawei’s end of year financials showed its consumer devices business…

Chamisa Raises Security Alarm

Opposition leader Nelson Chamisa and his MDC lieutenants say they fear for their lives, amid allegations that the government has placed them under 24-hour surveillance over suspicious that they are planning mass demonstrations against President Emmerson Mnagagwa. Chamisa cited alleged threats on his life as the main reason he has not been too keen to reveal his movements According to NewZimbabwe.com, he said this at late party official Tafadzwa Mhundwa’s funeral wake in Harare on Wednesday. “After we ended our programme in Bulawayo,” Chamisa said, “I told Mr (Morgen) Komichi…

Venezuela Crisis: Dozens Injured In Clashes In Caracas

A woman was shot dead and dozens injured in the Venezuelan capital Caracas on Wednesday, in clashes between opposition supporters and pro-government forces. Tear gas and water cannon were fired by the military amid rival demonstrations. Opposition leader Juan Guaidó called for those responsible for the death of a 27-year-old woman to be found. Meanwhile, Mr Guaidó called for a series of strikes to force President Nicolás Maduro to relinquish power. He urged public employees to act on Thursday, saying the stoppages would lead to a general strike. Mr Guaidó…

US Opens $300m Embassy In Zim

The United States of America opened its US$292 million embassy compound in Harare, a structural behemoth believed to be one its largest embassies in Africa and beyond. US Ambassador to Zimbabwe Brian Nichols said the new embassy symbolised the United States’ ongoing and durable commitment to the people of Zimbabwe. The US has, for the past two decades, maintained illegal sanctions on Zimbabwe that are responsible for massive de-industrialisation and increased investor risks since the global superpower also sanctions countries and businesses, including banks, that deal with Zimbabwe. The US…

Foreign Investors Threaten ZSE Pullout

The inability by foreign investors to repatriate capital and disinvestment proceeds from the country is hampering the performance of the Zimbabwe Stock Exchange, amid reports custodians are threatening to block foreigners from investing into the country’s capital markets. This comes as the payments backlog has grown substantially from the US$126m reported as at February this year while it is also difficult to repatriate proceeds made after the February 20 Monetary Policy Statement, in spite of the Reserve Bank of Zimbabwe’s priority addition on portfolio funds. Investments on the stock market…

Nhamoinesu Quits Zimbabwe National Team

Defence stalwart Costa Nhamoinesu dropped a bombshell on Wednesday evening, announcing that he had called time on his Warriors career at a time that the technical team of the Zimbabwe senior men’s national football team was finalising on the training squad for the 2019 Africa Cup of Nations (Afcon) finals. Nhamoinesu, who had been ignored in the qualifiers after he fell out with the technical team, was in the frame for a recall to the side ahead of the finals that will be played in Egypt, starting on June 21…

Chiredzi Council Disconnects Water At Funeral

MOURNERS attending the funeral of a four-year-old in Chiredzi were left stranded when Chiredzi Town Council employees disconnected water at the house, forcing mourners to resort to using water from unprotected water sources and exposing them to waterborne diseases. The funeral was being held at one of the 36 single quarters with 12 rooms each, which house over 100 families, including the visually-impaired and people living with disabilities that were given temporary shelter there by the council. Ward 4 councillor Liberty Macharaga said council employees made a grave mistake when…

‘Sick’ Prince Kaybee Snubs Fans

SOUTH African award winning producer and wheel-spinner Prince Kaybee was reported to be sick when he performed at the launch of his latest album Re Mmino on Tuesday night at Cosmopolitan Night club in Bulawayo. He was scheduled for a meet-and-greet session with his fans at 2pm, but decided to lock himself in his hotel room until his time of performance. Cosmopolitan Night Club marketing consultant Ntando Ndlovu told reporters that the Mzansi artiste was not feeling well when he touched down at the Joshua Nkomo International Airport. “We were…

Brace For More Demos, Says Chamisa

MDC leader Nelson Chamisa yesterday warned that poverty and the worsening economic crisis will push people onto the streets to demonstrate against President Emmerson Mnangagwa’s administration. Chamisa told a paltry crowd gathered by the ZCTU to commemorate Workers Day on Wednesday that he has the capacity “Your problems are our problems. We however have a problem that someone stole something from us but now they are having problems with the loot. “Every struggle has stages, from demonstrations to stay-aways and the next levels in which we will get if things…