Angry depositors ran amok at a bank in central Harare on Monday, breaking down a door and smashing windows after money ran out to pay withdrawals as cash shortages worsen.
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Tuesday 13 April 2010
Former Millennium Stadium groundsman Dave Saltman has branded Wembley's pitch "an embarrassment on a global scale" and called for those in charge of the national stadium to reduce its "appalling" schedule.
Roger Trapp: 'Zombies are all the rage in the movies and books this year. So it should not really be any surprise that they have entered the business language'
Monday 12 April 2010
“Zombie banks” first emerged as a term in the late 1980s and came to be associated with the crisis that affected Japan in the 1990s, turning a once-thriving economy that was the envy of the world into a byword for stagnation. Now, Mark Thomas of the management consultants PA Consulting claims that the financial crisis that started in the autumn of 2008 has left behind a “zombie economy”. In his recently-published book of the same name, he states: “Even though many countries are emerging from a technical recession, the crisis has created a new class of groups and institutions which, although not completely ceasing to exist, have lost the ability to function normally.” As he explains, this means that, while these organisations do not cease to exist, they have become unable to perform the functions “that we expect of them in supporting growth of the economy.” Accordingly, zombie banks cannot lend as we need, zombie consumers cannot consume as we need and so on.
Sunday 11 April 2010
Thursday 01 April 2010
You know the problem. The relatives who want a home. The troubles with the builders. The grandchildren demanding expensive accommodation for their college years. What to do with the empty flat when a relative dies...
Wednesday 03 February 2010
Sunday 31 January 2010
A group of Cambridge businessmen is going back to the "roots of the industrial revolution" by raising £50m for a new lending institution to help revive the East Anglian economy.
Saturday 30 January 2010
A former junior bank manager was yesterday cleared of stealing nearly £1m from a high street bank after a jury accepted that her violent boyfriend frightened her into taking the money.
Friday 29 January 2010
A former junior bank manager walked free from court today after being cleared of stealing nearly £1 million from a high street bank.
Sunday 03 January 2010
Such was the ruthless weather, it was a lucky golfer in these islands who managed to get in a game over Christmas.
Saturday 02 January 2010
Sunday 13 December 2009
Tuesday 13 October 2009
What's the best way to approach your bank manager for money? "The classic joke is on all fours, of course," says Steve Everhard, of the entrepreneurial advice team at the business consultants Grant Thornton.
Wednesday 26 August 2009
Friday 07 August 2009
Wednesday 29 July 2009
Stephen Fry explains what he would say if he was 'confronted by God'
The open loathing between Barack Obama and Benjamin Netanyahu just got worse
9 reasons Greece's experiment with the radical left is doomed to failure
President Putin is a dangerous psychopath - reason is not going to work with him
Have we reached 'peak food'? Shortages loom as global production rates slow
Britain's widening poverty gap should be causing outrage at the start of the election campaign
- 1 Three-year-old boy shoots pregnant mother and father in New Mexico
- 2 Stephen Fry explains what he would say if he was 'confronted by God'