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PARIS, Oct 13, 2006 (AFP) – Microcredit has become an increasingly powerful tool to liberate the world’s poorest people, particularly women, from the prison of poverty and the power of loan sharks. It provides access to small loans to the world’s 1.2 billion poor people so they can rebuild their homes, pay school fees or […]

CANNES, France, Oct 13, 2006 (AFP) – After years of eager anticipation and a lot of talk, the multi-media age has finally dawned and a string of breakthrough deals at this week’s largest ever MIPCOM audiovisual trade show will send it on its way around the world.That was the message from the entire line-up of […]

DHAKA, Oct 13, 2006 (AFP) – Nearly three decades after Nobel prize winner Muhammad Yunus launched the pioneering Grameen Bank, giving small loans to the poor, microcredit is hailed for helping more than five million Bangladeshis. Grameen began life in 1976 as a pilot project run by Yunus, a professor of rural economics at Chittagong […]

BANGALORE, India, Oct 13, 2006 (AFP) – India’s biggest low-cost airline, Air Deccan, said Friday it has raised 4.5 billion rupees (100 million dollars) from two foreign banks to tide it over a financial crisis.G.R. Gopinath, Managing Director of Air Deccan, said the deal with British-based Banks Investec Bank and Germany’s Billon and HSH Nord […]

OSLO, Oct 13, 2006 (AFP) – The Nobel Peace Prize was awarded on Friday to Muhammad Yunus of Bangladesh and the Grameen Bank which offers loans to poor people without any financial security. “Lasting peace cannot be achieved unless large population groups find ways in which to break out of poverty. Micro-credit is one such […]