Kuala Lumpur (ANTARA News) - Soaring prices of food and fuel could spark widespread political unrest, Malaysia's Prime Minister Abdullah Ahmad Badawi said on Tuesday at a summit of developing nations. Abdullah said the inflation crisis had erupted as a global recession looms, spelling trouble for the D8 group meeting here -- Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey. He called on member nations to boost food production in a bid to avert conflict. "The price of oil has skyrocketed to levels never anticipated ... the price of food has increased beyond the normal abilities to pay by the poor, which form the majority of the world's people," he was quoted by Thomson Financial as saying in an opening speech. "Our people in the D8 group of countries will be among those feeling the greatest pains...
[read full story]
Your Web Site
