World Bulletin / News Desk
D-8 Organization for Economic Cooperation has launched a new project to avoid food crisis around the world.
Speaking to AA correspondent on Wednesday, D-8 Secretary General Prof. Widi Pratikto said that the world was facing another food crisis.
"To prevent new food crisis, the organization has launched a "Seed Bank" project which will be focused on the sectors of agriculture, food safety, energy, trade as well as industry and transportation," said Pratikto.
Pratikto stated that D-8 countries, Turkey, Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria and Pakistan, make one-sixth of world's all population.
After making several arrangements on the structure of organization, "Despite the economic downturn around the globe, in 2009 D-8 had a trade of 5.7 billion USD, and following the new agreements it reached 7.3 billion USD in 2011," said Pratikto.
Mentioning the new project of the organization, Pratikto said that Turkey would prepare a rough draft until October.
EU Commissioner for Jobs, Growth and Investment and Competitiveness Jryki Katainen told reporters "we should forget this phrase" when asked if that meant granting market economy status to China.
Militancy has reduced revenue from oil industry by half, senior official says
The grant was signed Monday in Nairobi to mitigate impact of forced displacements on refugee hosting communities in East Africa
The EU Trade Commissioner Malmstrom made the comment while speaking to Chinese students in Beijing ahead of a China-EU summit.
Trade Ministers Meeting in Shanghai concludes with pledge to push efforts toward trade liberalization and facilitation
Brexit raises uncertainty for consumer, investor confidence, ratings agency says
Bank of England Governor Mark Carney eases lending rules after vote for Brexit
Banca Monte dei Paschi di Siena, or BMPS, is among the banks at the forefront of those concerns with gross bad loans amounting to 46.9 billion euros ($52 billion).
Fund to be used in support of education, health, municipal, socio-economic support for refugees in Turkey
Turkish Statistical Institute says energy prices drive fall in imports
Given all the uncertainty, investors were pricing in a chance of a rate cut with some analysts expecting the Bank of England to consider quantitative easing to cushion the economy
The Egyptian stock index was down 5.8 percent in early afternoon.
The pound sterling sees its lowest level against the the US dollar in over 30 years
A subsequent survey that included people of all ages found that somewhat older Americans also are skeptical of capitalism.