UN to headquarter its new technology bank in Istanbul

The United Nations announced on Friday that next year it is setting up a technology bank to speed the advancement of the world's least-developed countries, headquartered near Istanbul, Turkey. The new bank is a "vital milestone" for the world's poorest countries, said Gyan Chandra Acharya, the U.N.'s high-representative and undersecretary-general for the least developed countries, landlocked developing countries and small island developing states. -- More...