Finance & Economics | WPN World People News

EI is relieved to learn that the death sentence imposed on Iranian teacher Abdolreza Ghanbari has been reduced to 15 years’ detention and exile by the Tehran Revolutionary Court.

The World Bank’s Board of Executive Directors approved US$340 million for the Regional Rusumo Falls Hydroelectric Project which aims to benefit people in Burundi, Rwanda and Tanzania. This project is the first operation under the World Bank Group Great Lakes Regional Initiative inaugurated by World Bank Group President Jim Yong Kim during his historic joint visit with UN Secretary General Ban Ki-moon in May 2013.

Preet Bharara, the United States Attorney for the Southern District of New York, announced that BERTON HOCHFELD, the former Manager of Hochfeld Capital Management, L.L.C. (Hochfeld Capital), was sentenced in Manhattan federal court to two years in prison in connection with an investment scheme in which he stole more than $2 million from investors.

Robert Mugabe's re-election as president of Zimbabwe last week raised concerns for many economists who believe the country's foreign investment will greatly diminish under the 89-year-old's economic policies.

The OSCE Special Representative and Co-ordinator for Combating Trafficking in Human Beings, Maria Grazia Giammarinaro (l) alongside the Head of the OSCE Mission to Bosnia and Herzegovina Fletcher M. Burton.

The World Bank Group announced the debarment of Consulting Engineering Services (India) Pvt. Ltd. for a period of five years following misconduct following an investigative and forensic review of poorly performing road construction contracts under the World Bank-financed Lucknow-Muzaffarpur National Highway Project in India. CES was the supervision consultant for these contracts.

A new World Bank Group project will boost Lebanon’s mobile Internet systems and create quality jobs for a high-skilled labor force to help reverse the spiraling trend of unemployment especially among youth and women.

The current genocidal assault on what remains of the population of the once-great industrial city of Detroit was fully forecast by Lyndon LaRouche back in April 2005, at the moment that the Bush Administration and the likes of Felix Rohatyn were tearing down the last remnants of the American machine-tool-design sector. LaRouche not only spelled out the intended genocide against Detroit; he presented an in-depth alternative to the plans of the Bush Administration and Wall Street fascists to destroy the last remnants of the machine-tool-design capacity of the United States, and he demanded emergency action from the U.S. Congress.

U.S. President Barack Obama says the United States must do better to secure a "better bargain for the middle class" to lay a foundation for stronger economic growth.

Displaced children and women stand in Aleppo, Syria.