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Four Men to Face Charges Over Migrant Deaths

A Hungarian court said four men could face up to 16 years in prison for alleged people trafficking in connection with the deaths of 71 migrants found in a midsize truck abandoned in neighboring Austria.

EU Considers Substantial Fund for Africa Over Migrants

The EU is discussing offering a “substantial” fund to African countries as an incentive for greater cooperation on the region’s growing migration crisis, Luxembourg Foreign Minister Jean Asselborn said on Saturday.

Egyptian Court Sentences Al Jazeera Journalists

An Egyptian judge sentenced a trio of Al Jazeera English journalists to three years in prison, prompting fresh criticism of the government’s clampdown on press and political freedoms.

Thousands March Against Lebanon Government

A demonstration in Beirut against poor waste management blossomed into full-throated demands that Lebanon’s long-standing political class step down from power.

Turkey Bombs Islamic State Targets in Syria as Part of U.S.-Led Coalition

Turkish jets bombed Islamic State targets in Syria under the umbrella of the U.S.-led international coalition for the first time, the country’s government said, as Turkey expands its fight against the extremist group.

Stock Swings Don’t Shake Investors

Stock indexes’ wildest week in years rattled investors and fueled expectations for further price swings, but it failed to squelch the belief U.S. markets remain the best place to put money.

Foreign Man Arrested in Bangkok Blast Probe

Thai police said they arrested a foreign man whom they described as a suspect in this month’s deadly bombing of a Bangkok shrine that is popular with Chinese tourists.

France, Germany Warn Putin on Ukraine Separatist Elections

Leaders of France and Germany told Russian President Vladimir Putin that rebel-run elections conducted in the separatist-controlled regions of Ukraine would endanger the so-called Minsk peace process.

Rice to Press Pakistan on Antiterror Vigilance

National security adviser Susan Rice is set to arrive in Pakistan on Sunday to press the country’s government to do more to prevent terrorists from using its territory as a base for attacks on neighboring states.

Treading Line Between War and Peace, U.S. Special Forces Groom Afghan Troops

The U.S. military allowed The Wall Street Journal to visit a variety of commando units, offering a glimpse into what may be the last fighting season of America’s longest war. 64

Thousands Protest Against Malaysia’s Najib Razak

Police said an estimated 25,000 people demonstrated in the capital, protesting management of the economy and debt problems at a state investment fund.

Tropical Storm Erika Weakens

Tropical storm Erika was losing its punch as it drenched Haiti and the Dominican Republic early Saturday, after killing at least 20 people and leaving another 31 missing on the small eastern Caribbean island of Dominica.

Buying the Dips Doesn’t Work for Everyone

The old strategy of buying the dips may not work for everyone. In fact, for some people, it could be disastrous, writes Jason Zweig.

How Do You Short China?

Traders are scouring stock, bond and currency markets for ways to make money on the malaise afflicting China. Some are piling into insurance-like contracts that would pay out if the country defaulted on a small pool of its foreign-denominated bonds.

Myanmar Buzz Fades for Many U.S. Investors

Disenchantment with the business climate, especially among American companies, comes as concerns are spreading about Myanmar’s political future.

A ‘Black Swan’ Fund Made $1 Billion This Week

Universa Hedge Fund, a well-known ‘black swan’ fund, made more than $1 billion in profits in one week amid volatility.

Inmarsat Says Russian Proton Rocket Puts Satellite Into Orbit

Inmarsat declared the launch of a Russian Proton rocket carrying one of its satellites a success after the rocket delivered its cargo into its initial orbit position.

China’s Moves Won’t Help U.S. Tech Firms

China’s moves to spur its slowing economy are having an important but less obvious effect on the tech sector: Strengthening local companies that already were making life difficult for U.S. rivals.

European Refiners’ Profit Revival Faces End

Europe’s biggest energy companies have enjoyed a revival of refinery profits, but that run may be winding down even as oil prices slump.

Tesla Wants Obama Administration to Press China

Tesla Motors wants the Obama administration to talk to Xi Jinping about making it easier for auto makers to do business in China during the Chinese president’s visit to the U.S.

U.S.

Biden, Clinton Backers Try to Lock Down Support

Many Democratic activists said they want to see Vice President Joe Biden jump into the 2016 presidential race, as his supporters and Hillary Clinton’s campaign work to lock down commitments from party leaders.

Review

Historically Speaking

A History of Star-Crossed Lovers

Lovers separated by cruel circumstance have played a role in history and literature for millennia. Amanda Foreman looks at Berenice and Titus, Abelard and Heloise and more

Essay

The Lessons of Out-of-Body Experiences

Powerful, unnerving hallucinations show there’s something malleable about the way our brains construct our sense of self.

Video

Body Count Rises in Migrant Effort to Reach Europe

1:38

Lebanese ‘Stink’ Protest Turns Toward Politicians

2:11

Buzz Aldrin Developing Plan to Colonize Mars

1:09

On Wine: Will Lyons

Why Gin Is Back With a Flourish

Gin is experiencing the kind of boom the wine industry experienced in the mid-1980s, as boutique-distilled bottles with names like Half Hitch, Opihr and Ransom Old Tom give the classic G&T a new—and flavorful—twist

Music

Foals’ ‘What Went Down’ Is a Visceral Confessional

Yannis Philippakis, the lead singer whose energetic stage presence and novelistic lyrics have made Foals one of British rock’s most compelling propositions, talks about the band’s fourth album.

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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

Four Men to Face Charges Over Migrant Deaths

A Hungarian court said four men could face up to 16 years in prison for alleged people trafficking in connection with the deaths of 71 migrants found in a midsize truck abandoned in neighboring Austria.

EU Considers Substantial Fund for Africa Over Migrants

The EU is discussing offering a “substantial” fund to African countries as an incentive for greater cooperation on the region’s growing migration crisis, Luxembourg Foreign Minister Jean Asselborn said on Saturday.

Egyptian Court Sentences Al Jazeera Journalists

An Egyptian judge sentenced a trio of Al Jazeera English journalists to three years in prison, prompting fresh criticism of the government’s clampdown on press and political freedoms.

Thousands March Against Lebanon Government

A demonstration in Beirut against poor waste management blossomed into full-throated demands that Lebanon’s long-standing political class step down from power.

Turkey Bombs Islamic State Targets in Syria as Part of U.S.-Led Coalition

Turkish jets bombed Islamic State targets in Syria under the umbrella of the U.S.-led international coalition for the first time, the country’s government said, as Turkey expands its fight against the extremist group.

Stock Swings Don’t Shake Investors

Stock indexes’ wildest week in years rattled investors and fueled expectations for further price swings, but it failed to squelch the belief U.S. markets remain the best place to put money.

Foreign Man Arrested in Bangkok Blast Probe

Thai police said they arrested a foreign man whom they described as a suspect in this month’s deadly bombing of a Bangkok shrine that is popular with Chinese tourists.

France, Germany Warn Putin on Ukraine Separatist Elections

Leaders of France and Germany told Russian President Vladimir Putin that rebel-run elections conducted in the separatist-controlled regions of Ukraine would endanger the so-called Minsk peace process.

Rice to Press Pakistan on Antiterror Vigilance

National security adviser Susan Rice is set to arrive in Pakistan on Sunday to press the country’s government to do more to prevent terrorists from using its territory as a base for attacks on neighboring states.

Treading Line Between War and Peace, U.S. Special Forces Groom Afghan Troops

The U.S. military allowed The Wall Street Journal to visit a variety of commando units, offering a glimpse into what may be the last fighting season of America’s longest war. 64

Thousands Protest Against Malaysia’s Najib Razak

Police said an estimated 25,000 people demonstrated in the capital, protesting management of the economy and debt problems at a state investment fund.

Tropical Storm Erika Weakens

Tropical storm Erika was losing its punch as it drenched Haiti and the Dominican Republic early Saturday, after killing at least 20 people and leaving another 31 missing on the small eastern Caribbean island of Dominica.

Buying the Dips Doesn’t Work for Everyone

The old strategy of buying the dips may not work for everyone. In fact, for some people, it could be disastrous, writes Jason Zweig.

How Do You Short China?

Traders are scouring stock, bond and currency markets for ways to make money on the malaise afflicting China. Some are piling into insurance-like contracts that would pay out if the country defaulted on a small pool of its foreign-denominated bonds.

Myanmar Buzz Fades for Many U.S. Investors

Disenchantment with the business climate, especially among American companies, comes as concerns are spreading about Myanmar’s political future.

A ‘Black Swan’ Fund Made $1 Billion This Week

Universa Hedge Fund, a well-known ‘black swan’ fund, made more than $1 billion in profits in one week amid volatility.

Inmarsat Says Russian Proton Rocket Puts Satellite Into Orbit

Inmarsat declared the launch of a Russian Proton rocket carrying one of its satellites a success after the rocket delivered its cargo into its initial orbit position.

China’s Moves Won’t Help U.S. Tech Firms

China’s moves to spur its slowing economy are having an important but less obvious effect on the tech sector: Strengthening local companies that already were making life difficult for U.S. rivals.

European Refiners’ Profit Revival Faces End

Europe’s biggest energy companies have enjoyed a revival of refinery profits, but that run may be winding down even as oil prices slump.

Tesla Wants Obama Administration to Press China

Tesla Motors wants the Obama administration to talk to Xi Jinping about making it easier for auto makers to do business in China during the Chinese president’s visit to the U.S.

U.S.

Biden, Clinton Backers Try to Lock Down Support

Many Democratic activists said they want to see Vice President Joe Biden jump into the 2016 presidential race, as his supporters and Hillary Clinton’s campaign work to lock down commitments from party leaders.

Review

Historically Speaking

A History of Star-Crossed Lovers

Lovers separated by cruel circumstance have played a role in history and literature for millennia. Amanda Foreman looks at Berenice and Titus, Abelard and Heloise and more

Essay

The Lessons of Out-of-Body Experiences

Powerful, unnerving hallucinations show there’s something malleable about the way our brains construct our sense of self.

Video

Body Count Rises in Migrant Effort to Reach Europe

1:38

Lebanese ‘Stink’ Protest Turns Toward Politicians

2:11

Buzz Aldrin Developing Plan to Colonize Mars

1:09

On Wine: Will Lyons

Why Gin Is Back With a Flourish

Gin is experiencing the kind of boom the wine industry experienced in the mid-1980s, as boutique-distilled bottles with names like Half Hitch, Opihr and Ransom Old Tom give the classic G&T a new—and flavorful—twist