Concluding his first international summit, President Barack Obama hailed agreements at the emergency meeting of world powers Thursday as a "turning point in our pursuit of global economic recovery." But he cautioned, "There are no guarantees."
G-20 leaders pledged an additional $1 trillion to restore credit, growth and jobs in the world economy on Thursday, announcing a broad raft of measures designed to hasten the end of the global financial crisis.
Namibia's government has agreed that Namdeb, its diamond mining joint venture with De Beers, should halt production for up to four months because the global economic downturn has slashed demand, officials said Wednesday.
Sudan's president traveled to Eritrea Monday, choosing one of Africa's most politically isolated nations for his first trip abroad since an international court sought his arrest on charges of war crimes in Darfur.