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Obama Locks in Votes to Secure Iran Nuclear Deal

President Barack Obama locked in enough support in Congress to ensure he can overcome bipartisan opposition and implement a landmark nuclear accord with Iran. 481

Global Stocks Try to Regain Footing

U.S. stocks rebounded Wednesday but gave back their steepest gains, as worries over slowing growth overseas persisted.

Investors Betting on More ECB Stimulus

Six months after the European Central Bank launched its blockbuster bond-buying program to rouse the region’s economy, some investors are betting that authorities will crank stimulus efforts even higher.

Brooks to Lead News Corp’s U.K. Arm

News Corp said Rebekah Brooks will become CEO of its News UK arm, returning to the post she resigned in 2011 amid the phone-hacking scandal at now-defunct tabloid the News of the World.

Thousands of refugees and migrants surrounded Budapest’s main international railway station on Wednesday, where authorities are refusing to let them board trains to EU countries. Mark Kelly reports. Image: AFP

Thousands of refugees and migrants surrounded Budapest’s main international railway station on Wednesday, where authorities are refusing to let them board trains to EU countries. Mark Kelly reports. Image: AFP

Hungary Becomes a Flashpoint as Europe’s Migrant Crisis Escalates

Hungarian authorities struggled to keep control of the tide of migrants hoping to head to Germany, as a standoff ground on at Budapest’s central train station and the overwhelmed city said it would open a new site to receive the hundreds who have converged there. 51

Masked Gunmen Kidnap 18 Turkish Workers in Baghdad

Identities of gunmen in early-morning raid on sports stadium weren’t immediately known, as Turks in Iraq seized for a second time in the past year.

U.S. Tech Firms Make Pilgrimage to Brussels

The giants of Silicon Valley are bulking up in the European Union’s de facto capital, hiring lobbyists and jostling for the favor of the Web’s most ambitious regulators.

Huawei Rings in Changes to Challenge Samsung

For years, Samsung Electronics has been the world’s smartphone leader, but its global dominance appears to be increasingly under attack from fast-growing Chinese rival Huawei Technologies.

Volkswagen Extends CEO Martin Winterkorn’s Contract

German car maker Volkswagen said it would extend the contract of Chief Executive Martin Winterkorn through 2018, ending speculation that he could step down as CEO and become chairman.

Tesco Closer to $7 Billion South Korea Deal

U.K. retailer Tesco has chosen Asian private-equity firm MBK Partners as the preferred bidder to buy its South Korea retail operations in a deal that could be worth up to $7 billion.

Elves, Ninjas, Currency Power Lego Earnings

Lego said its 31% jump in first-half profit and 23% rise in revenue was fueled by strong sales of its Ninjago and Elves sets, but also by the weakness of the Danish krone and the euro.

EU Approves Shell’s Takeover of BG Group

Oil giant Royal Dutch Shell cleared a significant hurdle in its planned takeover of natural gas firm BG Group after Europe’s top antitrust regulator approved the deal unconditionally.

Malaysian Fund 1MDB Has Tens of Millions of Dollars Frozen

Swiss authorities said they had frozen funds worth tens of millions of dollars linked to 1Malaysia Development Berhad as part of an investigation into alleged corruption.

The Moment When Humans Matter

A string of messy market openings in recent weeks has reinvigorated a debate about ‘Rule 48’ and the relative effectiveness of humans in the stock trade.

Heard on the Street

Small U.K. Banks Show Big Rivals How To Travel Light

Picture a life without the baggage of the past. In the U.K., smaller banks are showing established rivals how that could be.

China Imposes New Controls to Keep Money From Leaving Country

China is imposing fresh controls to prevent too much money from leaving the country, in an effort to keep funds at home.

Two Red Cross Workers Shot and Killed in Yemen

A gunman opened fire on cars marked with aid group’s insignia as they drove from northern Saada province to the capital, San’a.

The Iran Nuclear Deal Explained

Iran has reached a historic agreement with major world powers over its nuclear program. Here are the main points of the pact, and what supporters and critics are saying.

Police Say Main Bangkok Bombing Suspect Believed to Be Uighur

A senior Thai police investigator said for the first time that the main suspect in the deadly bombing at a Bangkok shrine last month is believed to be a member of China’s Uighur ethnic minority.

Greek Polls Suggest Tough Election Test for Tsipras

Opinion polls show declining support for Greece’s Syriza party and its leader, Alexis Tsipras. But Syriza retains a lead over its opponents and the Sept. 20 election could be tight.

EU Set to Extend Sanctions on Russians, Ukraine Rebels

The EU is set to roll over sanctions targeted against almost 200 Russian and Ukrainian-separatist individuals and firms to keep pressure on Moscow to fully implement the Minsk cease-fire terms by year end.

Bush Takes Gloves Off, Attacks Trump Directly

After weeks of enduring rival Donald Trump’s attacks, Jeb Bush released an Internet video aimed at trying to muscle his way back to the front of the pack and undermine the celebrity businessman’s fitness to be the GOP standard-bearer. 374

Emails Point to Large Role for Clinton Adviser Blumenthal

Longtime aide Sidney Blumenthal maintained an outsize role with Secretary of State Hillary Clinton, despite being blocked from taking a job at the department. 167

Biden to Speak at Florida Events Amid 2016 Speculation

The vice president is expected to decide this month whether he will make a third bid for the White House.

Search Continues for Three Suspects After Illinois Policeman Killed

As a small northern Illinois community mourned a popular veteran police officer who was fatally shot while on duty, authorities scoured the area overnight in search of three men wanted in his slaying.

U.S. Report Sees Economic Benefit in Allowing Oil Exports

Lifting the nation’s four-decade ban on oil exports wouldn’t raise gas prices and could help lower them, a government study concludes. 53

Video

Hungarian Police Struggle to Control Migrants

2:02

The Iran Nuclear Deal Explained

3:34

Kentucky Clerk Defies Supreme Court on Gay Marriage

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Personal Tech | DxO One Review

Finally, an iPhone Camera Good Enough for a Pro

The DxO One is a tiny attachment offering a big upgrade to your iPhone camera. Geoffrey A. Fowler reviews.

WSJ. Magazine

Robert Redford: From Sundance Kid to Hollywood Legend

The legendary actor is as busy as ever, with starring roles in the film adaptation of Bill Bryson’s ‘A Walk in the Woods’ and in the forthcoming drama, ‘Truth.’

WSJ Blogs

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Simbabwe hat nur noch 217 Dollar

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Jahrelang hat Simbabwe mit großen, sehr großen Zahlen von sich reden gemacht. Nun hat das Land ein großes Problem mit einer zu kleinen Zahl: Es sind nur noch 217 US-Dollar in der Staatskasse.

Das Land mit rund zwölf Millionen Einwohnern geriet mit der Diktatur von Präsident Robert Mugabe und seinen widersinnigen Regierungsprogrammen in den 1990er Jahren in eine verheerende Wirtschaftskrise, die die Arbeitslosenquote auf schätzungsweise 80 Prozent in die Höhe trieb. Durch ungehemmtes Gelddrucken der Zentralbank folgte in den Jahren 2007 bis 2009 eine Hyperinflation, die in der Spitze die unglaubliche Inflationsrate von 90 Trilliarden Prozent erreichte.

In dieser Zeit brachte die Regierung eine Banknote mit dem Wert von 100 Billionen (100.000.000.000.000) heraus. Nach der Hyperinflation des ungarischen Pengö im Jahr 1946 unterlag der Zimbabwe-Dollar damit dem zweithöchsten Wertverfall einer Währung in der Geschichte.

Weil die Landeswährung damit jeglichen Sinn verloren hatte, erlaubte die Regierung im Jahr 2009 den Bürgern, auch ausländische Währungen wie den Euro, den US-Dollar und den Südafrikanischen Rand zu verwenden. Auch die Staatsdiener wurden in US-Dollar bezahlt.

Nun gibt es aber dieses neue Problem: Nachdem die Staatsdiener in der vergangenen Woche ausbezahlt wurden, verblieben nach Angabe von Finanzminister Tendai Biti nur noch 217 US-Dollar in der Staatskasse. “Die Staatsfinanzen sind derzeit gelähmt. Wir verfehlen unsere Ziele”, klagte der Minister bei einer Pressekonferenz. Die Regierung will sich nun an internationale Geldgeber wenden, weil für das Abhalten eines Verfassungsreferendums und von Wahlen 104 Millionen US-Dollar benötigt werden. Eine Aussage des Ministers, wie die Staatsangestellten im nächsten Monat bezahlt werden, ist nicht überliefert.

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The Wall Street Journal & Breaking News, Business, Financial and Economic News, World News and Video
Search

Obama Locks in Votes to Secure Iran Nuclear Deal

President Barack Obama locked in enough support in Congress to ensure he can overcome bipartisan opposition and implement a landmark nuclear accord with Iran. 481

Global Stocks Try to Regain Footing

U.S. stocks rebounded Wednesday but gave back their steepest gains, as worries over slowing growth overseas persisted.

Investors Betting on More ECB Stimulus

Six months after the European Central Bank launched its blockbuster bond-buying program to rouse the region’s economy, some investors are betting that authorities will crank stimulus efforts even higher.

Brooks to Lead News Corp’s U.K. Arm

News Corp said Rebekah Brooks will become CEO of its News UK arm, returning to the post she resigned in 2011 amid the phone-hacking scandal at now-defunct tabloid the News of the World.

Thousands of refugees and migrants surrounded Budapest’s main international railway station on Wednesday, where authorities are refusing to let them board trains to EU countries. Mark Kelly reports. Image: AFP

Thousands of refugees and migrants surrounded Budapest’s main international railway station on Wednesday, where authorities are refusing to let them board trains to EU countries. Mark Kelly reports. Image: AFP

Hungary Becomes a Flashpoint as Europe’s Migrant Crisis Escalates

Hungarian authorities struggled to keep control of the tide of migrants hoping to head to Germany, as a standoff ground on at Budapest’s central train station and the overwhelmed city said it would open a new site to receive the hundreds who have converged there. 51

Masked Gunmen Kidnap 18 Turkish Workers in Baghdad

Identities of gunmen in early-morning raid on sports stadium weren’t immediately known, as Turks in Iraq seized for a second time in the past year.

U.S. Tech Firms Make Pilgrimage to Brussels

The giants of Silicon Valley are bulking up in the European Union’s de facto capital, hiring lobbyists and jostling for the favor of the Web’s most ambitious regulators.

Huawei Rings in Changes to Challenge Samsung

For years, Samsung Electronics has been the world’s smartphone leader, but its global dominance appears to be increasingly under attack from fast-growing Chinese rival Huawei Technologies.

Volkswagen Extends CEO Martin Winterkorn’s Contract

German car maker Volkswagen said it would extend the contract of Chief Executive Martin Winterkorn through 2018, ending speculation that he could step down as CEO and become chairman.

Tesco Closer to $7 Billion South Korea Deal

U.K. retailer Tesco has chosen Asian private-equity firm MBK Partners as the preferred bidder to buy its South Korea retail operations in a deal that could be worth up to $7 billion.

Elves, Ninjas, Currency Power Lego Earnings

Lego said its 31% jump in first-half profit and 23% rise in revenue was fueled by strong sales of its Ninjago and Elves sets, but also by the weakness of the Danish krone and the euro.

EU Approves Shell’s Takeover of BG Group

Oil giant Royal Dutch Shell cleared a significant hurdle in its planned takeover of natural gas firm BG Group after Europe’s top antitrust regulator approved the deal unconditionally.

Malaysian Fund 1MDB Has Tens of Millions of Dollars Frozen

Swiss authorities said they had frozen funds worth tens of millions of dollars linked to 1Malaysia Development Berhad as part of an investigation into alleged corruption.

The Moment When Humans Matter

A string of messy market openings in recent weeks has reinvigorated a debate about ‘Rule 48’ and the relative effectiveness of humans in the stock trade.

Heard on the Street

Small U.K. Banks Show Big Rivals How To Travel Light

Picture a life without the baggage of the past. In the U.K., smaller banks are showing established rivals how that could be.

China Imposes New Controls to Keep Money From Leaving Country

China is imposing fresh controls to prevent too much money from leaving the country, in an effort to keep funds at home.

Two Red Cross Workers Shot and Killed in Yemen

A gunman opened fire on cars marked with aid group’s insignia as they drove from northern Saada province to the capital, San’a.

The Iran Nuclear Deal Explained

Iran has reached a historic agreement with major world powers over its nuclear program. Here are the main points of the pact, and what supporters and critics are saying.

Police Say Main Bangkok Bombing Suspect Believed to Be Uighur

A senior Thai police investigator said for the first time that the main suspect in the deadly bombing at a Bangkok shrine last month is believed to be a member of China’s Uighur ethnic minority.

Greek Polls Suggest Tough Election Test for Tsipras

Opinion polls show declining support for Greece’s Syriza party and its leader, Alexis Tsipras. But Syriza retains a lead over its opponents and the Sept. 20 election could be tight.

EU Set to Extend Sanctions on Russians, Ukraine Rebels

The EU is set to roll over sanctions targeted against almost 200 Russian and Ukrainian-separatist individuals and firms to keep pressure on Moscow to fully implement the Minsk cease-fire terms by year end.

Bush Takes Gloves Off, Attacks Trump Directly

After weeks of enduring rival Donald Trump’s attacks, Jeb Bush released an Internet video aimed at trying to muscle his way back to the front of the pack and undermine the celebrity businessman’s fitness to be the GOP standard-bearer. 374

Emails Point to Large Role for Clinton Adviser Blumenthal

Longtime aide Sidney Blumenthal maintained an outsize role with Secretary of State Hillary Clinton, despite being blocked from taking a job at the department. 167

Biden to Speak at Florida Events Amid 2016 Speculation

The vice president is expected to decide this month whether he will make a third bid for the White House.

Search Continues for Three Suspects After Illinois Policeman Killed

As a small northern Illinois community mourned a popular veteran police officer who was fatally shot while on duty, authorities scoured the area overnight in search of three men wanted in his slaying.

U.S. Report Sees Economic Benefit in Allowing Oil Exports

Lifting the nation’s four-decade ban on oil exports wouldn’t raise gas prices and could help lower them, a government study concludes. 53

Video

Hungarian Police Struggle to Control Migrants

2:02

The Iran Nuclear Deal Explained

3:34

Kentucky Clerk Defies Supreme Court on Gay Marriage

1:41