Zimbabwe is set to print its own version of the US dollar, as an ailing economy fuels a severe cash shortage in the southern African nation. John Mangudya, Zimbabwe’s central bank governor, said Thursday the so-called bond notes will be backed by $200 million in support from the Africa Export-Import Bank. The specially designed dollar notes will come in denominations of two, five, 10 and 20. They will also have the same value as their U.S. dollar equivalents. The bond notes are an extension of so-called bond coins of one, five, 10 and 25 cents which the central bank introduced in 2014 and are pegged to the value of the U.S. dollar.
Earlier today we reported that an assailant tried to assassinate the editor-in-chief of Turkey’s Cumhuriyet newspaper Can Dündar, before the court was to announce the verdict on his case. The incident was captured in the following dramatic video.
Moments ago Turkey's NTV reported that a gunman fired three shots at the famous Cumhuriyet editor-in-chief Can Dundar who was waiting outside an Istanbul court where he’s being tried for espionage, in a high profile trial being pursued by President Recep Tayyip Erdogan, NTV reports. According to the report the bullet misses Dundar and hits an NTV reporter in the leg, NTV says.
A recent German study just confirmed what tens of millions of Greeks already knew. That they are a people fully conquered by criminal mega banks and the corrupt politicians and technocrats in their employ...
The brutal gang rape of a woman by three Afghan asylum seekers in central Vienna on April 22 has shocked the Austrian public and drawn attention to a spike in migrant-related rapes, sexual assaults and other crimes across the country. However, those who dare to link spiraling crime to Muslim mass migration are being silenced by the guardians of Austrian multiculturalism.
An astonishing 61% of Germans agreed that Islam does not belong in Germany. This result further explains AfD's surge in popularity, as the AfD reportedly has a section in its new party program called "Islam is not part of Germany", which is a position that 92% of its supporters agree with.
"This massive deployment of armed forces in our own cities is a departure from history. It is a moral disarmament, before a military one. It is Europe's new Weimar moment.."
All of the blather about free trade and tariff reduction is mere cover for the only purpose of TTIP, which is to establish American economic imperialism over the peoples whose governments sold them out for money.
There has been a bevy of negative news in the past 48 hours which perhaps explains why futures are fractionally in the green as of this moment.
It appears as though the ECB has had enough of the thorn in its side that is Germany in this latest round of back and forth, and has taken to what it does best: jawboning. In an article published today in the Frankfurter Allgemeine Sonntagszeitung newspaper, executive board member Benoit Coeure writes a rambling article defending ECB's policies, tells Germany that the ECB is the reason for its economic success, and downplays the issues that any savers may be having under NIRP.
Germany's Third Largest Party Adopts Anti-Islam Manifesto: Says "Muslims Are Not Welcome In Germany"Submitted by Tyler Durden on 05/01/2016 11:26 -0400
One week after Austria was shocked by the news that its right-wing, anti-immigrant Freedom Party, had swept the competition, gathering over 35% of the vote and leaving the other five candidates far behind, Europe's anti-immigrant juggernaut just added to its momentum when neighboring Germany's populist AfD party adopted an anti-Islam policy on Sunday in a manifesto that also demands curbs to immigration according to AFP. The biggest surprise however, is that the three year-old party is now also Germany's third strongest party.
In the latest clear sign that low oil prices are taking their indirect toll not only the US shale sector, leading to billions in capex cuts and hundreds of thousands of lost oil and gas jobs, on Friday Saudi newspaper al-Watan reported that the multinational construction conglomerate Saudi Binladin Group (which was founded in 1931 by Sheikh Mohammed bin Laden Sayyid, father of Osama bin Laden who was removed as a shareholder in the business in 1993 and disowned by the family) has laid off 50,000 staff as pressure on the industry rises amid government spending cuts to survive an era of cheap oil.
The initial refugee welcome in Germany is rapidly turning to rejection as the nation plan to ban EU migrants from most unemployment benefits for five years after arrival as a senior German politician has called for an "Islam law" that would limit the influence of foreign imams and prohibit the foreign financing of mosques in Germany. As The FT reports, the proposals, which are far tougher than had been expected even a few months ago, highlight the government’s concern over growing public anxiety about immigration and the related advance of the Alternative for Germany party, the most popular rightwing grouping since the second world war.
Perhaps it is merely a coincidence but just weeks after Deutsche Bank became the first bank to admit to rigging the gold market (and agreeing to rat out fellow manipulators) yesterday afternoon the head of Deutsche Bank's "integrity committee" announced he would resign two years before his time, which is a polite way of saying he was fired.