Pledge 51 creates applications for Nigeria's low-tech cellphones. The company thinks it could grow its business with help from foreign investors, but Nigeria's low GDP has made that difficult. If the country changes the way it calculates this figure, that could help Pledge 51 bring in new investment.
This week, the European Union gave some of its member nations more time to meet deficit-reduction targets. In other words, to ease back on austerity. The programs have crushed growth and sent European unemployment to a record high 12 percent.
Syria's government appears to be making gains this week against rebel forces in a hard-fought battle. This comes as Lebanon's Hezbollah sends militia fighters across the border to bolster troops loyal to Syria's president Bashar Assad.
Syrian refugees, newly arrived in neighboring Lebanon, are painting a grim picture of the battle for Qusayr. It is under attack by Syrian government troops and Hezbollah militants from Lebanon. There is no water or electricity and little food in the town that still hosts some 15,000 civilians.
A critic of President Vladimir Putin is charging Russian officials and contractors with some $30 billion in theft and corruption activities, in the run-up to the 2014 Winter Olympics in Sochi. Boris Nemtsov is calling the preparations a "monstrous scam."
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