Save the Children faces funding gap for Ethiopian drought crisis

An internally displaced family stands inside their makeshift shelter structure at the Qansahaley settlement camp in Dollow town along the Somalia-Ethiopia borderBy Edmund Blair NAIROBI (Reuters) – Save the Children charity said on Friday it had raised less than a third of what it needed for its campaign to help Ethiopia cope with drought which has left 10.2 million people critically short of food. This time, Ethiopia is better positioned to respond after rapid economic growth, but still risks being overwhelmed as it digs into strategic food reserves. "The scale of the need is really huge and has outstripped the Ethiopian government’s ability to do this on their own," Save the Children President Carolyn Miles told Reuters from the United States after a visit to Ethiopia.

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GE’s industrial profit falls 8 percent, hit by tumbling oil

The logo of General Electric is pictured at the 26th World Gas Conference in Paris(Reuters) – General Electric Co on Friday reported that industrial profits fell 8 percent in the fourth quarter, hurt by weakness in divisions catering to the oil and gas industries. Industrial segment operating profit fell to $5.52 billion from $5.99 billion a year earlier. Total profit jumped 22 percent to $6.28 billion, or 64 cents per share, from $5.15 billion, or 51 cents per share.

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