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US hiring blows past expectations in March
US hiring blows past expectations in March
Economy
by  AFP

US hiring rose much more than expected last month, according to government data published Friday, increasing the chances that the Federal Reserve will remain on pause for longer as it weighs when to start cutting interest rates.

Zimbabwe launches new gold-backed currency
Zimbabwe launches new gold-backed currency
Economy
by  AFP

Zimbabwe's central bank launched a new "structured currency" backed by gold on Friday, as it seeks to tackle sky-high inflation and stabilise the country's long-floundering economy. The government has previously resorted to various expedients to stabilise the economy, including issuing gold coins and launching a gold-backed digital currency but they have yielded little results. str-ub/kjm