Skip to content
Search

Latest Stories

Hard Numbers

Hard numbers: Zimbabwe’s new bills, Ecuador in hot water, Russian dam failure, Ukraine’s air defense, Island-sized lottery.

​Banknotes of the new national currency Zimbabwe Gold, ZiG for short, are presented at a press conference of the Central Bank of Zimbabwe. Due to high inflation, Zimbabwe's central bank has introduced a new currency that is primarily linked to gold, but also to a number of other precious metals and foreign currencies.

Banknotes of the new national currency Zimbabwe Gold, ZiG for short, are presented at a press conference of the Central Bank of Zimbabwe. Due to high inflation, Zimbabwe's central bank has introduced a new currency that is primarily linked to gold, but also to a number of other precious metals and foreign currencies.

Columbus Mavhunga/dpa via Reuters Connect
Make us preferred on Google

70: Zimbabwe is rolling out the ZiG, a new currency pegged to gold and foreign cash. The government hopes to curb the freefall of its erstwhile dollar, whose value has declined by over 70% since January. People have three weeks to exchange the old notes for the new currency.

2: Two countries, Mexico and Nicaragua, have cut ties with Ecuador following a police raid Friday on Mexico’s Quito embassy that resulted in the arrest of Ecuador’s former vice president, Jorge Glas. Glas had been staying in the embassy seeking asylum since December, when a warrant was issued for his arrest. President Lopez Obrador responded angrily, calling the raid a “flagrant violation of international law,” and Nicaraguan President Daniel Ortega followed suit, referring to it as “reprehensible."


11,000: The failure of a dam in Orsk, Russia, has forced the evacuation of 11,000 residents and left over 4,000 buildings teetering on the brink. Several regional provinces in the area, near the Kazakhstan border, have suffered from flooding in recent days.

25: In a television interview that aired on Saturday, Ukrainian President Volodymyr Zelensky asked allies for 25 US Patriot systems, saying they are vital to repelling Russian ballistic and hypersonic missiles that can hit targets within minutes. As Russia’s relentless bombing continues, the Ukrainian president warns that his country is running out of air-defense missiles.

1.3 billion: An Oregon lottery player snagged a Powerball prize north of $1.3 billion after no other player hit the jackpot for three months. For context, that’s roughly the equivalent of Grenada’s GDP, minus the taxman's cut, of course.

More For You

The ‘gooolllll’ heard around the world
Will Fitzpatrick
Ferran Torres scored the decisive goal in extra time, prompting the emphatic call from Cantor, the Argentine-born announcer who has now been at the microphone for ten World Cups. But the 44-second call on Sunday wasn’t his longest of the tournament. That honor belongs to his 52-second celebration when Curaçao scored its first-ever World Cup goal [...]
Betting on Trump
Farida Dowidar
Gabriel Perez, who has worked for the president since 2016, is under fire for his prediction market wagers, allegedly using his access to the speeches to make his bets. At times, Perez reportedly backed out of bets mid-speech when Trump skipped over portions of addresses that he’d bet would be mentioned. Kalshi, the platform used, detected unusual [...]
Hunger strike in India intensifies
Farida Dowidar
Sonam Wangchuk has long campaigned for the reform of India’s corrupt and inefficient system of entrance exams for higher education. That issue is also central to the recently formed Cockroach Janata Party protest movement, led by people decades younger than Wangchuk, who is 59-years-old. In India, millions of students compete vigorously for a [...]
China’s economic engine cools
Will Fitzpatrick
China’s economy posted one of its slowest quarterly growth rates on record. The slowdown was hardly a surprise: earlier this year, Chinese officials set the country’s lowest growth target since 1991. The weak growth is not coming from a decrease in manufacturing. In fact, exports rose 27% year over year in June. Instead, it’s coming from sluggish [...]