Philippines: A Penny Saved

Published on Nov 8, 2012 by unitednations

United Nations, New York, November 8 2012 - More than 10 million overseas Filipino workers send money home to family members each year. But little of that money is actually saved or invested. Now, a financial literacy training programme, targeted at migrant workers and their families, is helping to change that. Lily Bruhl receives remittance money every month from her husband. After attending the training, she decided to invest this money and now she has built a thriving business. She hopes that this more sustainable income will mean that her husband will soon be able to return home.

euronews learning world: WISE summit announces six new winners

Published on Nov 15, 2012 by Euronews

http://www.euronews.com/ For the past three years, the WISE summit in Doha grants awards to six innovative educational projects from all over the world.

Amongst this year's winners are are the Cristo Rey Network", a US-based organisation that helps poor children from urban areas prepare for college.

They also included Denmark's 'RoboBraille', 'Educar Chile', the "Cambodia Childrens Fund', and the 'Indian Satya Bharti School' programme

Another was Mohamed Rezwan from Bangladesh, who had the idea to set up solar-powered floating schools in flood-prone areas of his homeland.

Euronews met him in Doha to ask about his project's potential.

"Our project has the potential to be replicated in differents settings, in far-flung areas, in waterlogged areas, even in countries that are regularly flooded. So our project can ensure the regular access to education," Rezwan said.

Father Joseph Parkes was a founder of a Christo Rey school in New York. He explains why he decided to get involved in the project.

"I think one of the greatest scandals of the world is the waste of intellectual capital among children of low income families," he said.
"You can motivate them and bring out that native talent that is within them, so they can become productive players as they grow into adulthood and that's really what the world needs."

Each WISE award winner receives a cash prize of 15,000 euros.

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Bulgaria and Russia seal SouthStream deal

Published on Nov 15, 2012 by Euronews

http://www.euronews.com/ Russia and Bulgaria have signed a deal to build the Bulgarian section of the SouthStream pipeline project, bringing Russian gas to Europe under the Black Sea.

The SouthStream project is 50% Russian owned through Gazprom. 20% belongs to Italian oil company ENI, and 15% each is owned by EDF and Germany's BASF. The Bulgarian section will be 540 kilometres long, and cost 3.3 billion euros.

"Today we signed the final investment decision on the Bulgarian part of the South Stream project and I must say that Bulgaria, together with us started the realization of the project. The final investment decision means a final agreement of both sides to start the project," said Gazprom boss Alexei Miller.

In all the project will cost over 16 billion euros; a high price say analysts for the 3600 kilometre-long pipeline, especially as it falls foul of EU rules on suppliers owning transportation capacity.

But SouthStream would bypass existing supply routes through Belarus and Ukraine, with whom disputes with Moscow over gas transit tariffs in the past have interrupted supplies and caused political problems.

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Middle-Market Deals in the Asia-Pacific Region

Nov. 15 (Bloomberg) -- Babson Capital Management's Michael Hermsen discusses middle-market deals in the Asia-Pacific Region. He speaks with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)

Godfather of French Cooking on Pig's Trotters

Pierre Koffmann is considered one of the godfathers of French cooking in London. 35 years ago this month he opened his three star michelin restaurant La Tante Claire. He spoke to Bloomberg's food critic Richard Vines about why he still loves to cook, his world famous pig's trotter dish and nuturing the careers of some of the U.K.'s most famous chefs.

Eurozone Enters Second Recession in Four Years

The euro-area economy succumbed to a recession for the second time in four years as governments imposed tougher budget cuts and leaders struggled to contain the debt crisis that broke out in October 2009.

The Top Ten Stocks for Nov. 15

Nov. 15 (Bloomberg) -- Bloomberg’s Trish Regan, Matt Miller and Adam Johnson report on today’s ten most important stocks including NetApp, GameStop and Wal-Mart. (Source: Bloomberg)