Business - Page 2

Zimbabwe’s Largest Food Maker to List on Dollar-Only Exchange

National Foods Holdings Ltd., Zimbabwe’s largest and oldest food manufacturer, is set to announce plans Monday to list with immediate effect on a stock exchange that trades exclusively in US dollars. It marks an end to the company’s 52-year listing on Harare’s main exchange, which trades in local currency. The 102-year-old company first listed in

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eBay blocking transactions to Russian addresses

Online auction site eBay has said that it is blocking all transactions involving Russian addresses. The decision comes as a result of service interruptions by payment vendors and shipping carriers. “We stand with Ukraine and are taking a number of steps to support the Ukrainian people and our sellers in the region,” a spokesperson for

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Bitcoin sink as China intensifies crackdown on cryptocurrencies

Bitcoin tumbled into the red on Friday, with traders rattled by tough talk out of China. The largest cryptocurrency was last down 4.6% at $42,874, with smaller coins that typically trade in tandem with bitcoin also tumbling. Ether fell over 8% while XRP slipped 7%. The People’s Bank of China also said it will bar

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Bitcoin nears $50,000 after months of weakness

Bitcoin on Saturday approached $50,000 USD per coin, a promising sign after it saw major dips in July. According to Coindesk, Bitcoin reached a 24-hour high of $49,494 USD before dipping slightly on Sunday. As of Sunday afternoon EDT, Bitcoin was hovering around $48,000 USD. Other cryptocurrencies, including the Ethereum-linked Ether, also saw gains on Saturday. Since reaching a record high of nearly $65,000

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Leading United Kingdom trade union cautious about return to work

The general secretary of a leading union is calling on the government not to “cut corners” or “play fast and loose with employees’ safety” as people are encouraged to go back to work. Speaking after the PM’s speech, the general secretary of Unison, Dave Prentis, warns: “If safety isn’t paramount, then infections will increase and

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