Broadband can solve the global development gap
24 March 2014 09:24
Access to broadband could be the universal catalyst that lifts developing countries out of poverty and puts access to health care, education and basic social services within reach of all, according to the UN Broadband Commission for Digital Development, which met in Dublin this weekend.
S&P report says Kazakhstan’s currency devaluation will add to credit risks in its banking sector
14 March 2014 00:39
Standard & Poor’s Ratings Services says that while Kazakhstan’s recent local currency devaluation will not generally destabilize the economy, it will place additional pressure on the local banking sector. This is according to a report titled “Ripples From The Tenge Devaluation Will Add To Already High Credit Risks In Kazakhstan’s Banking Sector In 2014,” published on RatingsDirect.
Global debt exceeds $100 trillion, BIS says
11 March 2014 08:49
The amount of global debt has soared more than 40% or US$30 trillion to $100 trillion in six years, according to the Bank for International Settlements (BIS).
Gravity wins seven Oscar awards
03 March 2014 13:01
The 86th Academy Awards held in Los Angeles, the United States of America, on 2 March 2014. The ceremony was held at Dolby Theatre in Hollywood.
Food Loss and Waste a Barrier to Poverty Reduction
28 February 2014 11:46
The world loses or wastes one-quarter to one-third of all food produced for human consumption, according to the latest issue of the World Bank’s quarterly Food Price Watch citing FAO and World Resources Institute estimates.
World fish trade to set new records
21 February 2014 17:10
The booming world fish trade is generating more wealth than ever before, but countries must help small-scale fishers and fish farmers benefit too, Food and Agriculture Organization of the United Nations (FAO) said today.
Facebook to acquire WhatsApp for USUS$19bn
20 February 2014 13:28
Facebook has reached a definitive agreement to acquire WhatsApp, a rapidly growing cross-platform mobile messaging company, for a total of approximately US$16 billion, including US$4 billion in cash and approximately US$12 billion worth of Facebook shares.
FAO rules out human-to-animal transmission of influenza A(H7N9)
20 February 2014 03:23
FAO says there is no evidence that human patients infected with influenza A(H7N9), a low pathogenic virus in poultry, can transmit the virus to animals, including birds.
Tackling water, sanitation, energy nexus key to sustainable future – UN officials
19 February 2014 12:06
The water, sanitation and sustainable energy crises are the among the world’s pre-eminent development challenges, senior United Nations officials warned on 18 February, urging Member States to adopt coherent integrated policies and innovative strategies to tackle these issues, which take a tragic toll on the lives of millions of poor people, especially women and young girls.
Fitch: Devaluation to Pressure Kazakh Utilities
17 February 2014 19:22
The recent 19% tenge devaluation will significantly knock the credit metrics of rated Kazakh utilities and transport companies Fitch Ratings says. This is because of the currency mismatch between their debts and revenues and because most Kazakh companies do not use hedging to reduce their exchange-rate risk exposure.


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