Islamic bank launches $10 billion poverty fund
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The Islamic Development Bank launched a $10 billion fund on Wednesday to combat poverty in developing Muslim nations in Africa and other parts of the world.
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The World Bank launches an emergency insurance fund to help Caribbean nations pay for key services after a hurricane.
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The first bank in Britain to operate on Islamic principles, including interest-free loans, opened its doors on Wednesday in Edgware Road, the heart of London's Arab quarter.
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Formula One world champion Michael  Schumacher is to donate $10 million to help the victims of the  South Asian tsunami, his manager Willi Weber said on Tuesday.
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The Bank of England announced Wednesday that it would inject 10 billion pounds into longer-term money markets next week amid the ongoing global credit squeeze.
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A global fund designed to shrink the technology gap between rich and poor is to be launched in November.
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An additional $10 million has been  approved by the National Football League to bolster its medical  fund for retired players, NFL commissioner Roger Goodell  announced on Wednesday.
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New York Life Insurance Co.'s charitable arm is donating $10 million to the Colin Powell Center for Policy Studies, former U.S. Secretary of State Powell and other officials announced on Tuesday.
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JAKARTA, Indonesia  - The United States Monday  announced $468 million in aid to Indonesia, the world's most  populous Muslim nation, earmarking part of it to improve  Islamic schools, which have been blamed for encouraging  fundamentalism.
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The International Monetary Fund offers up to $1bn in financial help to affected nations ahead of a donors' meeting in Jakarta.
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The plan circulated by top Democrats would provide $10 billion in loans for plants that make diesel fuel from coal.
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World Bank President Robert B. Zoellick said yesterday that he is optimistic that a push to raise money for a fund that grants billions of dollars to Africa will be successful because of early feedback from donor countries.
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LONDON -- Britain opened its first bank on Wednesday that promises to fully abide by Sharia, or Islamic, law, meaning it won&#39;t give or receive interest, and will invest only in ethical industries, a guideline that bars alcohol and tobacco companies.
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The World Bank this morning is scheduled to release a report from its Independent Evaluation Group examining how effective bank programs have been over the past decade in relieving poverty. Details to come.
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Five banks in the New England region will announce a $125 million fund on Thursday to help subprime borrowers, the Boston Federal Reserve Bank said on Wednesday.
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The World Bank said on Wednesday it had approved a $600 million loan for India to help it revamp thousands of ailing rural cooperative banks and fight village poverty through cheap loans.
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African leaders will launch a  global fund to help people in poor countries buy mobile phones  and Internet access as a step out of poverty and into economic  growth, the president of Senegal said on Wednesday.