Category: Other
White House releases US$200mn in food aid after printing money to create commodity bubble
WASHINGTON, April 14, 2008 (AFP) – The White House on Monday authorized the release of 200 million dollars in emergency food aid to help alleviate a growing global food crisis, a spokeswoman said. “With this action, an estimated 200 million in emergency food aid will be made available through the US Agency for International Development,” […]
Pakistan to reduce money printing amid high inflation: finance minister
April 15, (LBO) – Pakistan will reduce its borrowings from the Central Bank in the coming months to cut inflation, newly appointed finance minister Ishaq Dar has said. “Government borrowings have been quite excessive from the central bank in the last nine months,” Dar was quoted as saying in Bloomberg at the IMF meetings in […]
Daughter of assassinated Indian PM says met conspirator in prison
NEW DELHI, April 15, 2008 (AFP) – The daughter of assassinated Indian premier Rajiv Gandhi on Tuesday confirmed she had met one of the people behind her father’s murder. Priyanka Gandhi Vadra said meeting Nalini Sriharan at her prison helped her come to terms with the killing of her father by a suicide bomber in […]
Shady Deals
April 15, 2008 (LBO) – Sri Lanka’s stock markets regulator is investigating a number of cases of manipulation of the share market on the Colombo Stock Exchange, a senior state counsel has revealed. Buwaneka Aluwihare, deputy solicitor general of the Attorney-General’s Department, said that the offences in some of the cases were being compounded with […]
”
BERLIN, April 14, 2008 (AFP) – Massive production of biofuels is “a crime against humanity” because of its impact on global food prices, a UN official said Monday on German radio.. “Producing biofuels today is a crime against humanity,” UN Special Rapporteur for the Right to Food Jean Ziegler told Bayerischer Runfunk radio. Using arable […]
” for poor, hungry
WASHINGTON, April 13, 2008 (AFP) – The World Bank on Sunday launched a “New Deal” to fight hunger and poverty and urged governments to take action against a food crisis that has sparked deadly unrest in developing countries.A doubling of food prices over the past three years could push 100 million people in poorer developing […]
World economic leaders act to counter financial, food price crises
WASHINGTON, April 13, 2008 (AFP) – World economic leaders have taken steps to alleviate the worst financial shock in decades and a food price crisis that is sparking deadly unrest in developing countries. In three days of meetings that ended Sunday, finance ministers and central bankers grappled with the credit squeeze and inflation emergencies against […]
Farm practices must change to counter high food prices: study
PARIS, April 14, 2008 (AFP) – Farming practices must change to confront soaring food prices that threaten to drive millions of poor people around the world into even deeper poverty, said a new study to be released here Tuesday. “Business as usual is no longer an option,” the International Assessment of Agricultural Science and Technology […]
Sri Lanka poultry breeder shifts to modern facility
April 13, 2008 (LBO) – Poultry breeder Three Acre Farms Limited (TAFL) plans to relocate some of its operations to a facility which is being fitted with modern farming equipment and infrastructure, the company said. “Over the next two years, the commercial broiler operation at Bulathsinghala will be relocated and the existing facility will be […]
”
WASHINGTON, April 12, 2008 (AFP) – Rising prices, especially for food, could have terrible consequences for the world, including the risk of war, and action needs to be taken to keep inflation in check, the IMF head said Saturday. “Food prices, if they go on like they are doing today …the consequences will be terrible,” […]
‘s two-wheeler boom
SINGAPORE, April 12, 2008 (AFP) – Record high oil prices, environmental concerns, affluent lifestyles as well as the need to dodge city traffic are driving a boom in Asia’s motorcycle and bicycle market, industry figures say.The rediscovery of cycling as a way to keep fit is also helping to boost demand for two-wheelers, those at […]
Rising inflation in Europe prompts strike threats
PARIS, April 12, 2008 (AFP) – Inflation in Europe, far from being throttled as suggested in some quarters only 18 months ago, is alive and kicking hard at the middle classes as well as ordinary workers.Price rises, and consequent constraints on living standards, are pushing trade unions into confrontation with management in many countries. A […]