Zimbabwe Government Shuts Down Internet, Backfires Spectacularly Affecting Economy

Zimbabwe Government Shuts Down Internet, Backfires Spectacularly Affecting Economy

Earlier this week, the Zimbabwe government decided to shut down the internet in the African nation. This decision was precipitated by a governmental fear over increasing street protests. However, this attempt to quell national unrest ended up resulting in the exact opposite. Controversial internet shutdown paralyzes national economy Specifically, Zimbabwe has been ravaged by widespread … Continue reading Zimbabwe Government Shuts Down Internet, Backfires Spectacularly Affecting Economy

China: Counter Declining Economy By Injecting $83 Billion

China: Counter Declining Economy By Injecting $83 Billion

The world economy China faces some of its toughest economic challenges in years. The People’s Bank of China recently injected $83 billion (560 billion yuan) into open markets to counter the declining economy. China’s Central Bank saves the day Reuters reported on Wednesday, January 16, that China’s central bank injected $83 billion into the county’s … Continue reading China: Counter Declining Economy By Injecting $83 Billion