China wants more people to buy stocks. It hopes this will help the market do better.
China's government talked to big insurance companies yesterday. It said they should use more of their money to purchase shares. The firms should put 30% of new funds into stocks.
China also has a new plan. It will start in the first half of this year. The goal is to get insurers to invest at least $13.75 billion in stocks for the long haul. Officials think this amount will keep rising. It could bring hundreds of billions to the market each year.
Investment funds have a new rule, too. Over the next three years, they must increase their stock holdings by 10% every year.
On Wednesday, a group of financial officials shared these ideas. They want big...
Two men escaped from police at the Chitungwiza Magistrates Court yesterday. The police are asking the public for help to find them.
Luckmore Chakanza is a police spokesperson. He said Tendai Mawire, 30, and Alex Mubayi ran away around 10:30 a.m.
The police arrested Mawire in December. They said he stole a smartphone. Mubayi was also arrested. The police said he took a tray, blankets, and a bedbase.
The court was going to hear the men's cases on January 23. The police brought them to the courthouse. They handcuffed the two men together. The men had to sit on a bench. Lawyers were looking at their files.
But the men saw a chance to get away. They walked out of the courtroom. No one noticed them leave.
The police are now looking for...
Japan is monitoring the U.S. economy closely. The government wants to know how President Trump's orders could affect businesses worldwide.
Trump has talked about imposing taxes on products from other countries, which has made investors and leaders nervous. As a result, markets have gone up and down.
Japan has invested more in the U.S. than any other nation for the last five years. Japanese companies are also creating many jobs for American factory workers.
For now, Japan's leaders still think their economy is doing okay. People are earning more and spending more, and companies are making good profits.
But officials will continue to watch what happens in the U.S. very carefully. They know it could quickly change things for Japan and...
Police caught two men with a lot of marijuana on a bus in Zimbabwe. The men were Simbarashe Chikasha, 36, and Prince Nyakudya Tirivamambo.
The bus was going from Beitbridge to Harare, but it left its normal route and stopped at some shops in Featherstone. People saw this and told the police.
Officers took the bus to the police station. They searched it and found the drugs. The marijuana was hidden in bags and the bus wheels. It weighed 34 kg (75 pounds).
The police spokesperson thanked the public for their help. She said people should report drug crimes. These hurt communities.
The two men have gone to court. The police want everyone to stay alert. They hope more people will speak up about drug dealers.
Marijuana is not legal in...
The Minerals Marketing Corporation of Zimbabwe (MMCZ) has found new buyers for the country's minerals. It has started selling to Australia, China, Colombia, Burundi, and India, in addition to its usual markets in Europe and the Middle East.
MMCZ is the only company allowed to market and sell Zimbabwe's minerals, except for gold and silver. Minerals make up most of what Zimbabwe sells to other countries. They bring in about 83% of the nation's foreign cash.
From January to November 2024, Zimbabwe sold 21% more minerals than the same time the year before. It made $2.6 billion from selling 3.9 million tons of minerals.
Platinum made up half of those sales, lithium brought in $457 million, and a special type of chromium used to make...
Zimbabwe's raw milk output hit a new high in 2024, reaching 114.7 million liters, up 14.9% from the previous year.
The last record was in 2005. At that time, Zimbabwe produced 100 million liters. The new number beats the goal of 113 million liters set for 2024.
According to the Dairy Services Department, more money from businesses and the government helped, as did better dairy farming methods.
In the past, Zimbabwe had to buy milk powder from other countries. This was after changes in who owned the farms. Droughts and money problems also made it hard.
Now, Zimbabwe is close to making all the milk it needs. The country uses about 120 million liters a year.
Companies that package milk received more in 2024. They took in 105.7 million...
The Container Depot in Bulawayo is full of items taken by the government. They want to stop illegal trade. The goods include cars, stoves, fridges, alcohol, and diapers.
Many agencies are working together on this mission. They include the police, central bank, tax office, and consumer group. Their aim is to block banned imports, which hurt the economy and people.
The campaign against smuggling will continue. The agencies have orders to do their jobs firmly and fairly. They want to protect local businesses.
The task force is good at catching smuggled items at borders. They recently stopped buses carrying suspect goods.
A top official, Tafadzwa Muguti, visited the depot on Thursday. He saw that the warehouses were packed with all...
A big vote will decide who leads Zimbabwe's football association, known as ZIFA. The election takes place today in Harare, the capital city.
ZIFA has not had a new president since 2018. The last elected leader was Felton Kamambo. Many things have happened since then.
In 2021, a government group suspended the ZIFA leaders. They said ZIFA was not being run well. This brave move led to changes.
FIFA, which oversees world soccer, banned Zimbabwe for 18 months. However, this also helped improve ZIFA. A special committee was temporarily put in charge.
The election is very important. People from FIFA and African soccer groups have come to watch it, and they want to ensure it goes smoothly.
The candidates have been campaigning hard. They...
A woman from Harare was in court on Thursday. Her name is Wadzanai Siyamachira. She is 38 years old.
The police think she had illegal drugs. They say she had cocaine.
On Thursday afternoon, detectives got a tip. They heard Wadzanai might be selling drugs. She lived on Eighth Street and Herbert Ushewokunze Avenue.
The detectives watched the area. They saw two women who looked suspicious. They searched the women but didn't find any drugs.
The detectives asked to look in the women's apartment. The women said yes, so they took the detectives there.
Inside, the detectives found Wadzanai. They searched her, too, and discovered three small bags of white powder in her jeans pocket.
The detectives took the powder. They arrested Wadzanai...
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