For several decades, microcredit presented itself as a magical and benign financial tool for the poorest people in the world, who were otherwise completely excluded from conventional commercial banking services, to secure easy access to loans in order to set up their own businesses and live a dignified life.
European media, political leaders, and the citizenry are bashing bankers again, overtly calling them at best accomplices of numerous illegal activities, at worst downright criminals.
As two young Azeri poets enter their 11th week in detention in Iran, efforts to secure their release are not losing steam, nor are political tensions between the two countries.
In the decade following the break-up of Yugoslavia, it was rare for a statement made by a foreign politician to stir heated debate in the Eastern European bloc.
As the 2012 London Olympics gears up to open on Jul. 27, criticism of the longstanding partnership between the Games and sponsor McDonald’s has stolen a small portion of the limelight.
Allegations that a member of Kyrgyzstan's KGB-successor agency organised the brutal rape of his wife have outraged women’s rights activists in Bishkek. But what rights defenders call an ordinary crime is having an extraordinary effect because of the victim’s response: she pressed charges.
"This is war. Parliament has got to go! They're trying to make civil servants take the blame for a situation that was caused by the banking sector and which the government has allowed to happen."
Improving family planning to avoid unwanted pregnancies in developing countries, as well as assuring girls’ access to education, and women’s participation in the economy, are essential components of a sound development policy, according to Western experts and African activists.
The changing international political order and a dramatic budgetary situation at home are forcing France to consider giving up the extremely expensive nuclear arsenal the country has maintained since the late 1950s.
In July 2007, many Parisians laughed at their mayor, Bertrand Delanoë, when he announced the creation of a public bicycle sharing system aimed at reducing traffic in the French capital.
When it comes to the brewing arms race in the Caspian Sea region, no one can accuse Turkmen leader Gurbanguly Berdymukhamedov of navel-gazing. Ashgabat is now able to back its claims to some energy-rich patches of the sea with considerable firepower.
While there is no doubt that global warming is primarily a consequence of human activities, it is also true that there are natural phenomena contributing to climate change as well.
The Eurozone crisis and growing influence of countries like China and Brazil are leading the Caribbean to reassess its dependence on traditional trade and aid partners.
Despite the grave financial and sovereign debt crisis sweeping the region, the European Union has once again failed to reach unanimous approval of a proposition made by its executive body, the European Commission (EC), to tax financial transactions in order to reduce speculation and increase state revenues.
Romanian President Traian Basescu is close to being impeached after the Parliament suspended him Friday. The political crisis, however, distracts from citizens’ calls for a more responsive political class and a halt to declining standards of living.
Growing numbers of asylum seekers are being denied refugee status by the Dutch authorities, but cannot go back to their own country either. Forced removals are doing little to better the situation.
Kosovo will finally gain full soverignty in September, almost four years after breaking away from Serbia, the International Steering Group (ISG) overseeing its independence has announced.
Coal has brought its own compulsions for Poland, as it has for many other countries in the call to move to more renewable and cleaner sources of energy.
Wildlife is being increasingly threatened around the Danube river, the "Amazon of Europe". The need for profit is taking over from the need to protect natural resources along the river.
Melting glaciers are the most visible effect of global warming in the Swiss Alps. Meanwhile, permafrost is invisible and melting too, often causing rockfall and massive debris flows, ultimately threatening mountain villages.
The administration of President Barack Obama is waiving tough financial sanctions that would have taken effect Thursday against both China and Singapore because it said the two countries had made "significant reductions" in their crude oil purchases from Iran.