No bailout package for poor- Nobel laureate Yunus

Bangladeshi Nobel Peace Prize winner Muhammad Yunus on Tuesday warned that the global economic crisis will hit the world’s poorest people the hardest and that “there is no bailout package for them.”

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Madagascar opposition takes power

Madagascar’s Andry Rajoelina was handed power by the army Tuesday, completing the fiery 34-year-old opposition leader’s ouster of Marc Ravalomanana after a deadly months-long crisis.

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Since beginning of financial crisis :

Protectionist measures on the rise

Since G20 leaders signed a pledge in November 2008 to avoid protectionist measures, several countries, including 17 of the G20, have implemented 47 measures that restrict trade at the expense of other countries, a new World Bank study said on Tuesday.

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