Here’s what you need to know about emerging markets this week, from the WSJ
Zimbabwe was thrown into turmoil this week after members of the armed forces seized key government and civic infrastructure and put President Robert Mugabe under house arrest. As the military takeover unfolded, officers detained top allies of the 93-year-old Mugabe, including the country’s finance minister. Armored vehicles blocked strategic intersections in the central and business districts, while the state broadcaster played news bulletins and a loop of patriotic songs, Gabriele Steinhauser and Joe Parkinson report. Before the military’s actions, Mugabe appeared poised to install his 52-year-old wife, Grace, as one of his two deputies and hoist her into a prime position to succeed him. On Thursday, he was moved from house arrest to the presidential residence where, according to the state-controlled Herald newspaper, he met the country’s top general and international mediators for talks that could spell the end of his 37-year rule. Zimbabwe’s stock exchange, which has more than qu...
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