Zimbabwe’s Finance Minister Mthuli Ncube on Thursday said the southern African nation’s ailing economy would contract by 4.5 percent this year due to climatic shocks and the coronavirus pandemic. The projection is much more optimistic than that of the World Bank which last month predicted a contraction of 10 percent. But Ncube said “a combination […]

Netflix shares dived on Thursday after the leading streaming entertainment service reported relatively flat quarterly profits despite rising subscriber numbers. Netflix reported a profit of $720 million on revenue of $6.1 billion in the recently ended quarter, compared with $709 million profit on $5.8 billion in revenue during the first three months of the year. […]

A California man was arrested and ordered held without bond on Thursday for fraudulently obtaining some $9 million in coronavirus relief funds and using some of the money to gamble in Las Vegas. Andrew Marnell, 40, a resident of the Beverly Grove neighborhood of Los Angeles, California allegedly submitted a number of fraudulent loan applications […]

UK flag carrier British Airways is retiring its entire Boeing 747 “Jumbo Jet” fleet, it said Friday, following the huge hit to international air travel caused by the COVID-19 pandemic. “It is with great sadness that we can confirm we are proposing to retire our entire 747 fleet with immediate effect,” the airline said in […]

A new book on US President, Donald Trump, written by his niece sold nearly a million copies on the first day it went on sale in the United States, its publisher said Thursday. Mary Trump’s “Too Much and Never Enough: How My Family Created the World’s Most Dangerous Man” is billed as the first unflattering […]