Cell phones empower poor Bangladeshi villagers
In Jolarpur, Jamirunnesa uses a GrameenPhone loan to run a village mobile service that profits her poultry farm and aids neighbors. Grameen Bank pioneered microcredit, lending to rural women, and the program now reaches over a thousand villages. The project argues phones spur rural economic growth and challenge landowner control.
MENTIONED IN THIS ARTICLE
Jolarpar
Bangladesh
Jamirunnesa
Monit Chowdhury
Malaysia
Tofazzal Hossain
Jolarpur
Dhaka
Washington
Grameen Bank
Muhammad Yunus
GrameenPhone
Mehbub Chowdhury
Jamirunhesa
Abdus Sabir
Iran hard line loses grip as reformers gain in parliament
A top hard line ideologue concedes defeat in Iran's parliamentary race amid talk that reformists may win a Majlis majority. An influential reformer says talks with the United States would not be a sin, signaling possible broader policy changes. Partial results point to moderates gaining influence after the 1979 revolution.
MENTIONED IN THIS ARTICLE
Tehran
Iran
United States
Mohammad Khatami
Mohammadreza Bahonar
Iran Vij Daily
Bahonar
Divided Kosovska Mitrovica calm after bridge clashes
NATO led forces fired tear gas to deter thousands of ethnic Albanians from crossing the Ibar River bridge into Serb areas. U S paratroopers reinforced and manned barriers while several hundred Serbs gathered on the north bank. NATO warned Milosevic linked to provocations as tensions rose in southern Serbia.
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Kosovska Mitrovica
Yugoslavia
U.S
Kosovo
Ibar River
U.N
NATO
Lord George Robertson
Slobodan
Milosevic
Unilever to cut 25,000 jobs in five year restructuring
Unilever announces 25,000 layoffs equal to 10 percent of global staff as it closes 100 of 250 plants to form regional manufacturing networks. 1999 net profit slides to $2.97 billion from $3.28 billion, with $5 billion restructuring cost and $1.5 billion planned to market a leaner 400-brand lineup. Antony Burgmans predicts 8 to 10 percent EPS growth in 2000 before exceptional items.
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Rotterdam
Netherlands
Unilever
Europe
Americas
Calvin Klein
Breyer
Antony Burgmans
Indonesia weighs subsidy cuts amid oil price surge
Indonesia debates trimming fuel subsidies to meet international lending requirements amid rising oil costs. Analysts warn cuts could hurt the poor while OPEC dynamics push prices higher. Producers rely on oil exports for a fifth of revenue, underscoring the nation’s fragile economy and post crisis recovery.
MENTIONED IN THIS ARTICLE
Jakarta
Indonesia
Suharto
OPEC
United States
Russians Press Offensive to Crush Chechen Rebels
Russian forces intensified their drive in southern Chechnya aiming to seal off rebels in the Argun Gorge. Defense Minister Igor Sergeyev said about 20,000 troops nearly block the gorge as tens of thousands of fighters face a narrowing exit. Rebels remain strong at Duba-Yurt near the gorge entrance. Federal troops moved toward Shatoi, seizing heights near Makhety and Selmentazen east of the gorge.
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Mesker-Yurt
Russia
Chechnya
Igor Sergeyev
Argun
Sergeyev
Interfax
Duba-Yurt
Shatoi
Grozny
Makhety
Selmentazhen
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