Thursday 30 July 2015
 
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SNIC gets credit ratings, outlook boost

Bahrain-based Saudi National Insurance Company (SNIC) has had its insurer financial strength and counterparty credit ratings affirmed as ‘BBB’ and outlook as ‘stable’ by Standard & Poor’s. The age

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World Bank doubles education pledge to $5bn

Leading learning company Pearson has welcomed the World Bank’s renewed commitment to improving basic education in some of the world’s poorest countries. On the eve of the World Education Forum in South Korea, the Presi

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Gap between rich and poor 'is widening'

The widening gap between haves and have-nots in much of the developed world not only raises concerns about the fraying social fabric - it's also dramatically holding back economic growth, according to a new global study. Far f

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$15.2m project to create jobs for youth, women in Jordan

A new $15.2 million project was signed in Rome aimed at reducing rural poverty, vulnerability and inequality in Jordan by creating employment and income-generating opportunities for the rural poor, especially women and youth. Zaid

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Malawi sells presidential jet to feed poor

The southeast African nation of Malawi said it plans to use the $15 million it gained from selling its presidential jet to feed the more than 1 million people suffering chronic food shortages. Malawi angered Western donors, whose

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India approves $20bn cheap grain plan for poor

India's lower house of parliament approved a plan worth nearly $20 billion on Monday to provide cheap grains to the poor, a key part of the ruling Congress party's strategy to win re-election.   Under the

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Wasting food is like stealing from poor: Pope

Pope Francis denounced on Wednesday what he called a "culture of waste" in an increasingly consumerist world and said throwing away good food was like stealing from poor people. &nbs

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Rich nations' wealth gap widens as welfare cut

A growing divide between rich and poor risks will grow still wider if cash-strapped governments keep cutting back the welfare state, an industrialised nations' think-tank warned on Wednesday. Weighing into a debate on inequali

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As crops rot, millions go hungry in India

Every day some 3,000 Indian children die from illnesses related to malnutrition, and yet countless heaps of rodent-infested wheat and rice are rotting in fields across the north of their own country. It is an extraordinary paradox created

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Unrest fears as world food prices rise further

Global food prices rose in March for a third straight month with more hikes to come, the UN's food agency said on Thursday, adding to fears of hunger and a new wave of social unrest in poor countries. Record high prices for staple foods la

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