Zim News Blog -NEWS NETWORK

World shares were mostly higher on Tuesday, with tech shares leading gains after Wall Street recovered some of its sell-off from last week.

Oil prices fell back after surging on Monday as fighting flared between Israel and Iran, threatening to pull the region back into full-scale war.

In South Korea, the Kospi jumped 8.2% to 8,096.93, nearly recovering all of Monday’s loss of 8.3%. SK Hynix, which on Monday announced plans to partner with Nvidia in building data centers, jumped 15.9%. Samsung Electronics vaulted up 9%.

In early European trading, Germany’s DAX picked up 0.3% to 24,694.50, while the CAC 40 in Paris gained 0.6% to 8,252.40. Britain’s FTSE 100 shed 0.3% to 10,346.09.

The future for the S&P 500 added 0.3%, while that for the Dow Jones Industrial Average was up less than 0.1%.

In other Asian trading, Tokyo’s Nikkei 225 gained 2.2% to 65,416.63. Computer chip equipment maker Tokyo Electron gained 8.9% and other technology stocks were among the biggest gainers.

Taiwan’s Taiex advanced 2.8% on gains for tech companies like computer chip giant TSMC.

Hong Kong’s Hang Seng lost 0.4% to 24,565.90 and the Shanghai Composite index added 1.3% to 4,010.03.

The S&P/ASX 200 lost 0.2% to 8,604.20.

On Wall Street on Monday, the S&P 500 added 0.3%, coming off a 2.6% drop Friday that was its worst since October. It closed at 7,405.73.

The Dow Jones Industrial Average dipped 0.2%, and the Nasdaq composite climbed 0.9%.

Some of the best performers were companies that sell computer chips, memory and other AI-related products that had plunged on worries their prices have shot too high.

Micron Technology rose 9.9% after sliding 13.3% Friday for the largest loss in the S&P 500. That resumed a run where its stock has more than tripled so far in 2026.

Marvell Technology climbed 9.6% in its first trading after S&P Dow Jones Indices said the semiconductor company’s stock has grown enough to join its widely followed S&P 500 index. Marvell’s stock has also more than tripled so far this year, aided by a 32.5% surge in one day last week. That was its best day since it began trading in 2000, and it came after Nvidia’s CEO, Jensen Huang, suggested at a conference in Taiwan that Marvell could be “the next trillion-dollar company.”

That such a comment could add billions of dollars to a company’s value in an instant suggests to critics that AI stocks are running too hot. A widely followed index of semiconductor stocks surged nearly 85% for the year so far through Thursday, for example.

Early Tuesday, oil prices fell back from Monday’s gains. The price for a barrel of Brent crude oil, the international standard, fell $1.25 to $93.00 per barrel. It had briefly topped $98 overnight.

U.S. benchmark crude shed $1.54 to $89.76 per barrel.

High oil prices caused by the war with Iran have already sent inflation higher, which increases not only bills for households but also yields in the bond market. High yields worldwide recently have threatened to slow economies and undercut prices for stocks and all kinds of other investments.

In currency trading, the dollar rose to 160.20 Japanese yen from 160.17 yen. The euro climbed to $1.1541 from $1.1532.

Source: AP

The post World shares mostly advance as tech stocks rebound from sell-offs, while oil prices slip appeared first on The Zimbabwe Mail.

Harare – The tragic deaths of three individuals in a Budiriro 3 sewer pond have cast a harsh spotlight on alleged municipal negligence and a potential cover-up by local authorities. Residents of the Harare suburb are reeling from the horror of discovering three bodies – a young woman, an older man, and a young man—in […]

The post Budiriro’s Deadly Secret: How the death of 3 people in sewer pool earned Captain Rambo $20,000 cash plus brand new car first appeared on My Zimbabwe News.

Harare – Opposition leader Nelson Chamisa has re-emerged onto the political stage, igniting a fervent national debate with his call for a transitional government. This bold proposition comes at a time of heightened political tension in Zimbabwe, exacerbated by the controversial Constitution of Zimbabwe Amendment (No. 3) Bill, widely known as CAB 3, and persistent […]

The post Nelson Chamisa Bounces Back, Calls for Transitional Government as Team Mnangagwa Pushes for CAB 3 first appeared on My Zimbabwe News.

THE City of Gweru has increased the area under wheat cultivation at Go Beer Farm from 40 hectares last season to 43 hectares this year, a move aimed at boosting agricultural output, enhancing farm productivity and strengthening the local economy.

The expansion comes on the back of a successful 2025 wheat season, during which the farm produced 120 tonnes of wheat.

Acting business and economic development officer Mr Aaron Mugano said the additional three hectares reflect council’s commitment to improving productivity and ensuring the long-term sustainability of the municipal farming venture.

“Following the success of last season, where we harvested 120 tonnes of wheat, we are optimistic that this year’s yield will be even higher,” he said.

Mr Mugano attributed the anticipated increase in production to the adoption of modern farming methods and improved agricultural equipment.

He said the farm has introduced the use of rippers and Vaicom equipment to enhance soil preparation and improve crop performance, measures expected to contribute to higher yields.

“The introduction of modern farming technologies is helping us improve efficiency and maximise productivity on the land available,” he said.

Despite the positive outlook, Mr Mugano noted that weather conditions remain a critical factor in determining the success of the season.

He said favourable weather patterns would be essential in achieving the farm’s projected harvest targets.

“Like any agricultural enterprise, our production levels are largely influenced by weather conditions. We are hopeful for a good season that will enable us to realise our expected yields,” he said.

Mr Mugano said income generated from the farm contributes to the local economy while helping council reduce operational costs.

Revenue from agricultural activities is reinvested into the farm to support future production and ensure the sustainability of the project.

He said the municipal authority remains committed to improving agricultural productivity and expanding initiatives that contribute to economic growth and service delivery.

“Council will continue investing in agricultural production as part of efforts to strengthen food security, generate revenue and support the city’s broader development objectives,” he said.

The expansion of wheat production at Go Beer Farm forms part of the City of Gweru’s wider strategy to maximise returns from its commercial operations while creating sustainable sources of income to support municipal services and development programmes. – Herald

The post Gweru expands wheat production at go beer farm appeared first on The Zimbabwe Mail.

A Chilling Coincidence: Two Business Partners, Two Tragic Saturday Deaths Harare – A profound sense of unease has settled over Harare following the eerily similar deaths of two prominent business partners, Innocent Murauro and Tendai Njiva. Both men, known for their entrepreneurial ventures, met their untimely end on a Saturday, just two months apart, each […]

The post 2 Business Partners’ Shocking Deaths: Both hit by multiple cars 2 months apart, both hit on Saturdays, both died while going to collect their cars first appeared on My Zimbabwe News.