Assembly

US mortgage crisis, rising prices spell financial turmoil – Assembly president

The sub-prime mortgage market collapse in the United States, rising oil and commodity prices and other factors could combine to hamper the economies of developing countries, the President of the United Nations General Assembly said today.

General Assembly President cites ‘compelling’ need for change within UN

While the United Nations has a leading role in advancing global issues such as development and poverty eradication, the world body must be strengthened to respond more effectively to today’s challenges, the President of the General Assembly said today.