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  • Obama, G-8: Recovery takes both growth and cutting

  • World leaders walk to the family photo session at the G-8 Summit at Camp David, Md., Saturday, May 19, 2012. From left are Italian Premier Mario Monti, British Prime Minister David Cameron, German Chancellor Angela Merkel, U.S. President Barack Obama, French President Francois Hollande, Canadian Prime Minister Stephen Harper, Japanese Prime Minister Yoshihiko Noda, Russian Prime Minister Dmitri Medvedev and European Commission President Jose Manuel Barroso. (AP Photo/Philippe Wojazer, Pool)Confronting an economic crisis that threatens them all, President Barack Obama and leaders of other world powers on Saturday declared that their governments must both spark growth and cut the debt that has crippled the European continent and put investors worldwide on edge.



  • Bomb kills 1 student, wounds 7 in Italy

  • Map locates Brindisi, Italy, where there was a deadly explosion at a schoolA bomb exploded on Saturday outside an Italian high school named after the wife of an assassinated anti-Mafia prosecutor, killing one student and wounding at least seven others, officials said.



  • Nadal, Sharapova reach Italian Open final

  • Five-time champion Rafael Nadal struggled with his backhand but overcame a difficult first set to beat fellow Spaniard David Ferrer 7-6 (6), 6-0 on Saturday to reach the Italian Open final.
  • China activist Chen to study at New York University

  • NEW YORK (Reuters) - Blind Chinese legal activist, Chen Guangcheng, will study as a fellow at New York University's School of Law, the institution said in a statement on Saturday. "I am very happy to receive the news that Chen Guangcheng is on his way to the U.S. I look forward to welcoming him and his family tonight and to working with him on his course of study," said Jerome Cohen, co-director of the U.S.-Asia Law Institute at the New York University School of Law. ...
  • Italy's Monti shows G8 bank guarantee plan: report

  • MILAN (Reuters) - Italian Prime Minister Mario Monti has taken a secret plan to create a European system of guarantees for bank deposits to the G8 summit, the Corriere della Sera newspaper said on Saturday, as savers' anxiety builds in debt-ridden euro zone countries. The proposal aims to guarantee bank deposits "with a view to ... stopping the hemorrhaging of funds from one country to another, from the south to the north," the newspaper reported, without citing any sources. The plan was discussed on Friday at the Group of Eight summit under way in the United States, it said. ...
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