UN: Boost aid to poor countries
Facing possible shortfalls in funding due to the
global economic crisis, the UN Development Program (UNDP) on
Wednesday called on donors to "continue, and ideally boost, their
current commitments" to help the agency pull the world's developing
countries out of poverty. "I am concerned that we may not meet our
income targets for 2009 and 2010, and that we will face a continuing
imbalance between contributions to regular and other resources,"
UNDP Administrator Helen Clark said, calling on the Group of Eight
(G8) leading industrialized countries to fulfill their oft-stated
pledge to commit 0.7 percent of their gross national income to
official development assistance (ODA).
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OPEC set to hold steady, looks to economy
OPEC was set to keep output targets steady at a
meeting late on Wednesday after top exporter Saudi Arabia looked to
economic strength to bolster the oil price and dismissed bulging
inventories.
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New York to pay 9/11 tribute
New York will lead tributes Friday to victims of
the 9/11 attacks in a ceremony at Ground Zero where work on
replacements for the World Trade Center, and even a memorial,
remains mostly stalled.
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Record floods deluge Istanbul: 31 dead
Record floods left at least 31 people dead and
large parts of Istanbul under water on Wednesday as desperate
motorists caught in flash floods clambered up trees to save
themselves from drowning.
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