Mani Shankar Aiyar has probably not read Dale Carnegie's best-seller, How to Win Friends and Influence People. A few years ago, in a St Stephens alumni register, former External Affairs Minister Natwar Singh wrote, "I am what I am because of  the college". Prompt came Aiyar's rejoinder: "Why blame the college!" Politics though is not a college campus. The ready wit and pungent sarcasm which might earn applause in a debating...

The United Nations warned Wednesday that a food shortage could threaten the lives of thousands of people trapped in floodwater in northwestern Pakistan as six U.S. army helicopters joined the relief effort. A U.S. embassy spokesman said four CH-47 Chinook and two UH-60 Blackhawk utility helicopters arrived in Pakistan Wednesday as part of the U.S. government's continued assistance to Pakistan for humanitarian-relief operations. Bad weather and fresh rain hampered helicopter flights, which...

Wheat prices have staged the most drastic rise in more than 50 years, as a drought in Russia fuels growing worries that it could lead to a global shortage of the grain. Harsh heat and a lack of rain in Russia have killed half of the crop in some hard-hit areas. The slump in production in one of the world's most fertile breadbaskets has pushed prices up 62% since early June,...

An Indian company that makes tiny loans to villagers aims to raise up to $354 million in an initial public offering, a move critics fear will encourage India’s largest microfinance lender to put shareholders above the poor it serves, The Associated Press writes. SKS Microfinance’s share sale, begun Wednesday, has already drawn the ire of one of the leading lights in the field. A publicly traded company’s traditional obligation is to...

Draft report claims investor interest is focussed on countries with weak land governance. A leaked World Bank report into investors from rich nations buying up African farmland has intensified campaigners' fears that the growing trend is marginalising local producers. After a spate of investments in African land by sovereign wealth funds looking for gains on rising commodity prices and by countries such as China worried about their own food security, the World...