A nonprofit organization in Mexico called Envia is helping women in poverty by providing microloans. Envia founder Carlos Topete told CNN that he was inspired to start the organization by 2006 Nobel Peace Prize winner Muhammad Yunus, who pioneered the idea of microloans, small loans for poor borrowers with a zero rate of interest.
The program was launched in 2008 with 12 women and operating with Topete's own money. In three years, it has grown to serve 260 women in five different communities in the valley of Oaxaca. CNN's Rafael Romo reports.
(CNN) - We are aware of the saying “keep all your options open.” Europe is doing just that with a landmark $28 billion natural gas pipeline agreement signed in Baku Tuesday which will open up what is called the Southern Gas Corridor in 2018.
The nearly 20 heads of state, ministers and commissioners did not go out of their way to make the Russian connection with Ukraine as a reason to forge ahead, but one cannot overlook the motivation.
The deal was signed in Baku on the very day Vladimir Putin met with Ukrainian President Viktor Yanukovich to potentially define how Russia may step up assistance to Kiev.
After being frozen out in the winters of 2006 and 2009 with interruptions to gas supplies from Russia through Ukraine, the European Union has stepped up efforts to complete the agreement which was first drawn up in 1996.
Azerbaijan came onto the energy scene when it launched the Baku–Tbilisi–Ceyhan or BTC oil pipeline from Baku to the southern Turkish port of Ceyan with political backing from the United States.
This pipeline network will cover more than 3500 kilometers and stretch from Baku to Italy. BP and Norway’s Statoil are the lead investors taking 25.5% each in the partnership with a handful of others including the Azeri state energy company SOCAR.
Unlike a number of pipeline agreements that have been drawn up, this one will launch with at least nine customers from the heart of Europe guaranteeing revenue when the taps are officially opened up in 2018.
Azerbaijan sits on roughly 1% of the world’s proven gas reserves, so it is not a major player yet. But this production from the Shah Deniz 2 field will double its output by the end of the decade according to Azeri officials.
Russia may not be thrilled about this effort by the European Union to diversify gas supplies, but with 17% of proven gas reserves it will not be unseated as the major supplier to Eastern and Western Europe.
The Indian film industry - popularly known as Bollywood – produces more than 800 movies a year but there is a shortage of theaters.
CNN’s Mallika Kapur reports on the Indian movie theaters transferring to digital to cut costs.
CNN's John Defterios looks at an innovative scientific research program seeking to unlock the energy potential of algae as potential replacement for fossil fuels.
Algae requires a lot of fresh water for cultivation. Dr. Hector Hernandez told CNN: "It's only been very recently that we've realized that the desert is teeming with life... as we've explored more that all these exciting things have started to show themselves."
The development of the private education business in emerging markets as education enterpreises challenge traditional schooling worldwide.
Bruce Upbin discusses the most innovative companies in the world and the culture needed to foster such innovation.
CNN's Mallika Kapur shows us one doctor's solution to treating his diabetic patients living in remote areas of India.
South Korean carmarker Hyundai has spent has spent billions of dollars developing hydrogen cell technology in an effort to introduce an auto that runs on gas.
When it comes to India's food security bill, some say that morally it is the right thing to do while critics say there's no free lunch.
The Indian government estimates that food subsidies will cost around $25 billion annually. CNN's Mallika Kapur reports.
(CNN) – Former Australian Prime Minister Kevin Rudd says China will begin to revise its future policy on North Korea.
Rudd outlines three reasons for this shift including North Korea’s nuclear weapons program aggravating regional U.S. allies; the potential for an escalating conflict should North Korea attack South Korea; and the damage to China’s foreign reputation as a supporter of the regime.
Rudd adds that China faces huge challenges in transforming its domestic economic growth model to meet the workforce demands for higher wages and living standards.
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