Muhammad Yunus — Bangladeshi economist, Nobel laureate, father of microfinance — may or may not have been fired this week.This is the latest in a string of problems in the microfinance world.Here's an explanation of what's going on with Yunus, and what the broader implications are.
Global wheat prices more than doubled in the second half of last year, according to a new report from the World Bank. The price of corn, sugar and cooking oil also soared.Why are global food prices skyrocketing? Who is going to go hungry as a result?
The Egyptian military has been notably non-confrontational during the recent wave of protests, defending the right of people to protest and protecting the protesters from attacks by pro-regime forces.One reason for the military's peaceful response: the unique role it plays in the Egyptian econom
For years now, China has kept strict control over its currency, leading the U.S. and other countries to accuse China of "undervaluing" the yuan. It's a claim China has consistently refuted.But this week, there was sign, albeit a small one, that China may be finally willing to loosen its grip.