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Mugabe vows to press ahead with empowerment program
Zimbabwean President Robert Mugabe
Zimbabwean President Robert Mugabe says his government will continue to press foreign firms to surrender the majority of their shares to local partners.
“The indigenization program is to be pursued with renewed vigor,” Mugabe said on Tuesday, opening a new session of parliament after the July elections.
He said the new parliament will amend laws in accordance...
Fed aid in financial crisis went beyond U.S. banks to industry, foreign firms
These leaders have been a driving force behind the nation's economic policies since the financial crisis of 2008.
The financial crisis stretched even farther across the economy than many had realized, as new disclosures show the Federal Reserve rushed trillions of dollars in emergency aid not just to Wall Street but also to motorcycle makers, telecom firms and foreign-owned banks in 2008 and 2009.
The...