A senior Bangladeshi minister has said that comments by U.S. Secretary of State Hillary Clinton about the globally acclaimed microlender Grameen Bank and its founder were "unwarranted."
Nobel laureate Muhammad Yunus has resigned as managing director of the bank he founded in Bangladesh a week after the country's supreme court rejected his appeal to keep his post.
Bangladesh's Supreme Court has rejected an appeal by Nobel laureate Muhammad Yunus to keep his position as managing director of the bank he founded.
The Bangladeshi government has been asked to find a compromise to bring an end to the Grameen Bank crisis created by removing its founder, microcredit pioneer Muhammad Yunus.
A day after the High Court upheld the removal of Nobel Peace laureate Muhammad Yunus from his position as managing director of Grameen Bank, the appellate court in Dhaka on Wednesday set a new date to hear his petitions.
Bangladesh's top court Tuesday upheld the central bank's decision to remove Nobel laureate Muhammad Yunus from his post at the pioneering bank he founded.
It's not often that a Nobel Peace Prize laureate gets fired, but the Bangladeshi government said Wednesday it did just that in dismissing Muhammad Yunus from a top post in the pioneering bank he founded.
Muhammad Yunus won a Nobel Peace Prize for the Bangladeshi bank he founded but now he finds himself in a bitter fight to retain his job.
A Nobel Peace Prize-winning idea to alleviate the poor is under attack, as is the man who won the prize.
The Bangladeshi government has called on Nobel laureate and microcredit pioneer Muhammad Yunus to retire from the bank he founded nearly three decades ago to help the poor, but he has said no.
Nobel laureate Muhammad Yunus faced fresh legal trouble in his home country of Bangladesh on Thursday, accused of producing "substandard" yogurt meant for the poor, officials said.
Micro-credit pioneer and Nobel Peace Prize winner Muhammad Yunus appeared in a Bangladesh court Tuesday on a defamation charge for reportedly criticizing politicians four years ago, court officials said.
Bangladesh has ordered a probe of the Grameen Bank -- founded by Nobel Laureate Professor Muhammad Yunus, the pioneer of microcredit -- following media allegations that donor's funds were inappropriately transferred.
One evening, when I was 24 years old, I heard Dr. Muhammad Yunus speak to a small classroom of Stanford University students. I was not a student at the time, so I crashed the lecture and sat quietly on the steps in the back of the room. What I heard that night changed my life.
The co-founder of Kiva.org talks about how her work with microloans has brought new power to people living in poverty.
There's a debate brewing in the world of do-gooder banking, pitting the father of microfinance Muhammad Yunus against a few entrepreneurs who have put an unlikely spin on Yunus' model of lending to the poor.
Observations, questions, and commentary on today's business news headlines:
Sixteen people ranging from politicians to athletes receive the medal of honor from President Obama.
A pioneer, a preacher, an activist and an athlete were among 16 people who President Obama honored Wednesday with the Presidential Medal of Freedom, the nation's highest civilian honor.
A bank operating on a concept that has lifted thousands of people out of grinding poverty in the developing world has set its sights on helping the poverty-stricken in America.
A Nobel Peace Prize winner has opened a bank to help the poor in New York City, as CNN's Richard Roth reports.
"Technology is making more changes in our way of life than ever in human history," says Muhammad Yunus. "The way the Internet and the mobile phone are spreading, you cannot compare with any technology of the past." Yunus is known for his visionary leadership in microfinance and helping the poor. He and the Grameen Bank he founded won the Nobel Peace Prize in 2006. Now he wants to see the tech industry work more explicitly to empower the poor.
When we asked you last week to share your dreams with us, some of the most inspiring responses came from the world's poorest countries.
Microfinance is one of the hottest topics in development, all the more so since Muhammad Yunus, the Bangladeshi pioneer of the practice, won the 2006 Nobel Peace Prize.
CNN has named 15 distinguished leaders, luminaries and humanitarians to its Blue Ribbon Panel, which will select the most outstanding CNN Heroes from 18 finalists.
Muhammad Yunus
updated: Tue Nov 20 2007 00:18:00
CNN's Anjali Rao talks to Nobel Peace Prize winner Muhammad Yunus about his pioneering work in microcredit.
Muhammad Yunus received the Nobel Peace Prize in 2006 for his pioneering work in microcredit, which has helped millions of people out of the poverty cycle. The first businessman ever to receive such a high honor, Yunus and the Grameen Bank he founded revolutionized conventional ways of banking, creating a system of lending money to the poor, mostly women.
When Muhammad Yunus traveled to Oslo to receive the Nobel Peace Prize earlier this month, he came prepared to fight for management control over a company he believes is sucking profits from the poo...
Along a dirt road in Bangladesh's green, fertile heartland, 140 miles northwest of Dhaka, workers in flip-flops are hauling bricks, pouring cement and hammering boards. The object of their labor: a...
THE BACKGROUND More than 850 million people live in a state of hunger. Malnutrition kills more people annually than AIDS, malaria, and tuberculosis combined. The majority of the hungry live in the ...
The background: More than 850 million people live in a state of hunger. Malnutrition kills more people annually than AIDS, malaria, and tuberculosis combined. The majority of the hungry live in the developing world, especially in India and sub-Saharan Africa.
The winner of this year's Nobel Peace Prize is Muhammad Yunus, founder of Bangladesh's Grameen Bank and a pioneer of microfinance. Grameen lends small sums to farmers and entrepreneurs. The idea is...
When Muhammad Yunus travels to Norway to receive the Nobel Peace Prize Dec. 10, he will come prepared to fight for management control over a company he believes is sucking profits from the poor of Bangladesh.
Forget billion-dollar development projects. When Bangladeshi economist Muhammad Yunus surveyed a poor village in the mid-1970s and found that all the money borrowed totaled just $27, he set out to ...
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