Suburbs of Somalia's battle-scarred seaside capital are turning into ghost towns as more than 200,000 terrorized residents have fled intensified clashes between Islamist insurgents and government troops, the U.N. and a medical charity said Tuesday.
Investors will be keeping a close eye on how far world leaders will go in expressing support for a strong dollar at the Group of Eight summit in Italy, amid talk that the dollar's status as the world's reserve currency will be on the agenda.
Philip Morris International, maker of Marlboro and other cigarettes for sale overseas, has agreed to buy a Swedish company's South African snuff and pipe tobacco operations for 1.75 billion South African rand, or roughly $222 million.
African heads of state on Thursday discussed a drastic new decision against the International Criminal Court that would in practice give Sudan's president impunity from prosecution for war crimes by the ICC, a draft document at the AU summit showed.
Despite questions about the legitimacy of President Mahmoud Ahmadinejad's re-election and his belligerent anti-American rhetoric, the White House remains open to discussions with Iran over its nuclear ambitions.