No image available
/ 12 February 2008

New price shocks for Zimbabwe

A shocking new range of price increases were announced on Tuesday as Zimbabwe’s world-record hyperinflation spun further out of control, with charges for cellphone calls soaring by nearly 1 700%. The official National Incomes and Prices Commission said international calls were up to Z,2-million from Z 400 per minute.

No image available
/ 27 December 2007

Zim glad to see end of ‘year of queues’

After a year which saw the official inflation rate surge to 8 000%, shelves run dry and opposition leaders beaten up, few people in Zimbabwe can wait to see the back of 2007. While President Robert Mugabe hopes to secure a seventh term of office in elections next year, he is unlikely to trade heavily on his government’s recent economic performance.

No image available
/ 31 August 2007

Bush, Bernanke to launch twin subprime assault

United States President George Bush will outline reforms on Friday to help struggling subprime mortgage borrowers and his central bank chief will deliver a speech which will be pored over for hints of a looming rate cut. Federal Reserve chairperson Ben Bernanke speaks on ”Housing and Monetary Policy” at around 2pm GMT.