Four weeks after Zimbabwe introduced a range of measures aimed at ending an unprecedented shortage of local bank notes, the situation has not improved, banking officials said on Monday.
With centuries of oppression and decades of struggle for liberation behind us, South Africa is now poised to take its rightful place on the international economic stage.
More than 45 people were killed and around 140 injured yesterday when two massive car bombs ripped into the heart of Bombay, India’s financial capital, in a devastating attack likely to plunge relations between India and Pakistan into fresh turmoil.
A hard-hitting report today on the loss of the space shuttle Columbia and its seven crew earlier this year will expose a culture of complacency inside Nasa, and cast a shadow over the future of the manned flight programme.
Allegations of intimidation and rigging marred Rwanda’s first democratic election yesterday, an event widely seen as a barometer of the country’s recovery from the 1994 genocide.
Political parties need money to operate. The question is how much and at what level should disclosure be required. Richard Calland draws attention to the number of left-of-centre parties that cosy up to big business and lose sight of their ideological heritage.
Tax and interest rate cuts have helped put the South African shopper in a better mood, last week’s first salvo of company results in the retail sector showed. Retail group Woolworth is smiling after a jump of 43% in headline earnings per share.
An Indian judge recently ordered an independent scientific investigation into allegations that Pepsi drinks sold in India contain dangerously high levels of pesticides. Fresh tests are to be carried out on Pepsi products across the country this month.
A senior Chinese minister warned recently that the world’s fastest growing economy is in danger of overheating as expansion outstrips power supplies, threatens production quality and raises the risk of oversupply.
Salsa music blares through the narrow streets of Gramoven, a shanty town in western Caracas. It is here that Odeinys Pereira runs a clinic. He is one of 800 Cuban doctors invited by left-wing President Hugo Chavez to live and work in the shanty towns.