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Extreme world: Is Sweden as clean as it seems?

The world is a more corrupt place now than it was three years ago, a poll suggests.Some 56% of people interviewed by Transparency International said their country had become more corrupt.In Afghanistan, Nigeria, Iraq and India more than 50% of people said they had paid a bribe in the past year - many of them paying off the police.Meanwhile, a BBC poll suggests that corruption is the world's most talked...

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MasterCard Develops Payment Solution for ‘Aadhaar’ in India

MasterCard Worldwide, a leading global payments company, today said it has developed a payment solution for ‘Aadhaar’. ‘Aadhaar’ is a 12-digit Unique Identification Number (UID) that captures basic demographic and biometric information of Indian residents. The UID will make it possible for residents to establish their identity with financial institutions thereby providing them a gateway into the formal banking system. This payment solution will enable Aadhaar holders to perform payment...

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As climate-change talks continue, lack of consensus spurs smaller-scale actions by Juliet Eilperin and William Booth

In response to growing frustration that the U.N. climate negotiations are not producing real-world results, individual nations, states and business are cobbling together patchwork solutions to preserve forests, produce clean energy and scrub pollution from the air.Under this new approach, businesses in California will offset their greenhouse gas emissions by funding tropical forest preservation in Mexico and Brazil; Japan will help pay for nuclear power plants in developing nations; and...

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UN-backed meeting on plant genetic resources opens in Rome

Representatives from more than 60 countries gathered in Rome today for a United Nations-backed meeting to promote the international treaty considered essential for the conservation and use of the world’s threatened plant genetic resources.The International Treaty on Plant Genetic Resources was adopted by the Conference of the UN Food and Agriculture Organization (FAO) in 2001 to facilitate international cooperation and the fair exchange of genetic resources.The treaty’s Benefit-sharing Fund (BSF)...

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Why microfinance is not half the villain it seems to be by R Jagannathan

A man, crawling on all fours, is searching for something under a tree on a hot summer’s day. A curious passerby stops and asks: “What are you looking for?” The man replies: “I’ve lost my watch.” The passerby asks: “Are you sure it fell near this tree?” The answer: “It’s cooler looking in the shade”.Governments work something like this. They do what they think is easier to do rather than...

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