Nobel Prize winners Abhijit Banerjee and Esther Duflo, currently engaged with the Massachusetts Institute of Technology (MIT), have announced plans to relocate to Switzerland. The University of Zurich confirmed that from July next year, the couple will join its economics faculty and spearhead a new research centre focused on development economics.
The University of Zurich (UZH) stated in its announcement that both will hold endowed professorships funded by the Lemann Foundation. In addition to their teaching roles, they will co-lead the newly formed Lemann Centre for Development, Education, and Public Policy, which aims to bridge rigorous academic research with policy impact and to foster collaboration among scholars and policymakers globally.
Duflo and Banerjee were co-awarded the 2019 Nobel Prize in Economics (along with Michael Kremer) for their “experimental approach to alleviating global poverty.” According to the report, they will retain part-time positions at MIT while expanding their work through their base in Zurich.
Venezuela’s earthquake death toll has climbed to 589, with 2,980 injured and thousands still missing as rescue teams race to find survivors.
India has launched Operation Amistad to deliver humanitarian aid, medical supplies, and emergency support to earthquake-hit Venezuela following the devastating twin quakes.
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President Trump warned that Iran may be rebuilding its nuclear programme at a new underground site, as U.S.-Iran talks continue amid concerns over Tehran’s nuclear activities.
Oil prices edged higher after a cargo ship was attacked near the Strait of Hormuz, renewing concerns over global energy supplies and shipping security.
The death toll from Venezuela’s devastating twin earthquakes has risen to 235, with thousands still missing as rescue teams continue searching for survivors.
Iran has demanded a full Israeli withdrawal from Lebanon, while U.S. Secretary of State Marco Rubio said Washington remains open to peace with Iran if regional security interests are protected.
At least 164 people have died and 971 have been injured after powerful twin earthquakes struck Venezuela, triggering a state of emergency and a major international relief effort.
At least 32 people have died and more than 700 have been injured after powerful twin earthquakes struck Venezuela, triggering a state of emergency and international offers of aid.
Venezuela has declared a state of emergency after twin earthquakes killed at least 32 people, causing building collapses, injuries, and widespread disruption across affected regions.
Iran has warned that ships entering the Strait of Hormuz without authorization could face action, raising concerns over shipping security and global energy supplies in the Gulf region.
Venezuela has declared a state of emergency after twin powerful earthquakes struck near its Caribbean coast, causing building collapses, widespread panic, and ongoing aftershocks.
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Indian refiners are expected to remain cautious despite a temporary U.S. sanctions waiver on Iranian oil, citing concerns over payments, shipping, insurance, and regulatory risks.
Iran has hailed the U.S.-Iran agreement as a victory for Tehran, while U.S. Secretary of State Marco Rubio tours Gulf nations to reassure allies about the fragile regional peace framework.
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Iranian President Pezeshkian said Tehran’s missile and deterrence capabilities are non-negotiable, signaling that any future deal with the U.S. will not include restrictions on Iran’s defense program.
President Trump criticized Keir Starmer following his resignation announcement, linking the move to disagreements over energy, immigration, and broader policy decisions.
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