Bloomberg Zimbabwe’s state-owned Zesa Holdings Ltd escalated power cuts to as long as 24 hours after losing regional power imports and local generation capacity remains critically constrained. The power utility has a non-binding agreement to import as much as 400 megawatts of power from South Africa’s Eskom Holdings SOC Ltd, which is unable to meet local demand and has implemented ...

Being in the midst of a presidential campaign, it’s not surprising that we’re bombarded with proposals for massive new government programs that promise to transform major segments of American life. We’re going to overhaul the health care system with “Medicare for All” or something like it; or we’re going to make college “free” by eliminating tuitions at state schools; or ...

Euro zone finance minsters’ are pushing back against the negative rate regime of the European Central Bank (ECB) just as Christine Lagarde takes the reins from Mario Draghi. This is yet another rerun of the battle between the economically strongest (essentially northern) European nations and their weaker partners over who should shoulder the burden for maintaining stability in the euro ...