Stocks fall on growth worries, Brexit doubts

SINGAPORE (AP) — Stocks fell sharply in Europe on Friday after surveys showed manufacturing in the region slowed in March and amid news that the European Union offered only a brief extension to the Brexit […]

SINGAPORE (AP) — Stocks fell sharply in Europe on Friday after surveys showed manufacturing in the region slowed in March and amid news that the European Union offered only a brief extension to the Brexit [...]

Judge expected to rule on R Kelly request to fly to Dubai

CHICAGO (AP) — A judge is expected to rule on whether to allow R&B singer R. Kelly to travel overseas to perform several concerts to help the cash-strapped singer pay legal and other bills as […]

CHICAGO (AP) — A judge is expected to rule on whether to allow R&B singer R. Kelly to travel overseas to perform several concerts to help the cash-strapped singer pay legal and other bills as [...]

Fuel shortages worsen

Source: Fuel shortages worsen | Daily News MOTORISTS here have for the past week endured stock outs of fuel supplies, indicating a worsening fuel situation in the petroleum industry. So bad has been the situation that even the pump stations that sell in foreign currency have virtually gone dry. The few that had the product […]

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Source: Fuel shortages worsen | Daily News

MOTORISTS here have for the past week endured stock outs of fuel supplies, indicating a worsening fuel situation in the petroleum industry.

So bad has been the situation that even the pump stations that sell in foreign currency have virtually gone dry.
The few that had the product yesterday had long, winding queues.

Some motorists are resorting to buying on the black market where prices are much higher.
It was, however, a double whammy for motorists as police cracked down on the black market, confiscating hordes of fuel from dealers.

This left motorists stranded as they literally had nowhere else to access fuel.
A survey by the Daily News yesterday revealed that most Total Zimbabwe service stations in the city received fuel after some days of dry pumps.
A manager at one of the Total service stations who declined to be named said: “We finally received our fuel today after some days without supplies.

“I am confident most of our service stations have fuel because we have two trucks which came from South Africa and they were giving each service station a total of 6 000 litres.”
Abnormally long queues could be seen in the Central Business District’s relatively few service stations that had fuel.
Surprisingly, similar queues could be seen at the foreign currency fuel-selling service station, signifying how dire the situation has become.

Some service stations in the city yesterday confirmed to have gone for more than a week without a drop.
On the other hand, commuters have been struggling to get transport back home as commuter omnibus operators failed to meet demand occasioned by the intense shortages.
Many simply parked their vehicles.
The fuel shortages have crippled many business operators in the city.

Despite increasing the price of fuel by almost 150 percent in January, there has been no end in sight to the crisis.
The fuel crisis comes at a time, Cyclone Idai has left a trail of destruction in Zimbabwe, Mozambique and Malawi, damaging the Companhiado De Pipeline Mozambique-Zimbabwe (CPMZ) control room at Beira in Mozambique, affecting the pumping of fuel and natural gas to Feruka Oil Refinery in Mutare.

This left many speculating that the shortage might be Cyclone-related.
However, Energy minister Joram Gumbo this week indicated the country had enough fuel stocks.

 

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JUST IN: Chivayo acquitted of $5.6m ZPC fraud

Source: JUST IN: Chivayo acquitted of $5.6m ZPC fraud | The Herald March 22, 2019 Wicknell Chivayo and his lawyers at the High Court today Fidelis Munyoro Chief Court Reporter Harare businessman Wicknell Chivayo has been acquitted of a $5,6 million fraud charge in a botched Zimbabwe Power Company (ZPC) solar project deal after the […]

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Source: JUST IN: Chivayo acquitted of $5.6m ZPC fraud | The Herald March 22, 2019

JUST IN: Chivayo acquitted of $5.6m ZPC fraud
Wicknell Chivayo and his lawyers at the High Court today

Fidelis Munyoro Chief Court Reporter
Harare businessman Wicknell Chivayo has been acquitted of a $5,6 million fraud charge in a botched Zimbabwe Power Company (ZPC) solar project deal after the High Court ruled that charges were contrived and properly excepted to.

Chivayo had approached the higher court challenging the magistrates’ court decision to dismiss his application excepting to the charges on the grounds that they did not disclose an offence.

In a judgment delivered today Justice Owen Tagu ruled that the charges, “apart from being suggestive of a skirmish, a mere witch hunt and a fishing expedition it tells more of a hidden hand or mala fides intention in the institution of the criminal proceedings brought about by the State in the circumstances.”

The judge also noted the decisions of two different judges of the same court in separate sittings and dealing with different issues but relating to a similar cause of action concurred on the lack of merit in the criminal case. This, he said, was no coincidence.

“Rather, it demonstrates the extent of common acceptance that the criminal case is at best a causa non grata, a high sounding nothing,” said Justice Tagu in his scathing judgment.

 

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Obama congratulates A-Rod J. Lo on their engagement

LOS ANGELES (AP) — Barack Obama is feeling the love about the engagement of Jennifer Lopez and Alex Rodriguez. A-Rod shared a congratulatory handwritten note Thursday on Twitter he received from the former president and his wife, […]

LOS ANGELES (AP) — Barack Obama is feeling the love about the engagement of Jennifer Lopez and Alex Rodriguez. A-Rod shared a congratulatory handwritten note Thursday on Twitter he received from the former president and his wife, [...]