BARACK OBAMA

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Obama: Africa aid must be matched by good governance

U.S. President Barack Obama told Africans on Saturday that Western aid must be matched by good governance and urged them to take greater responsibility for stamping out war, corruption and disease plaguing the continent.

Obama: 'Recovery Act has worked as intended'

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President Barack Obama in a response to criticism that his administration's $787 billion stimulus bill has failed to help pull the economy out of the recession said the Recovery Act has worked as intended.

Obama uses G8 debut to issue warning to Iran

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U.S. President Barack Obama warned Iran on Friday the world will not wait indefinitely for it to end its nuclear defiance, saying Tehran had until September to comply or else face consequences.
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Daily Wrap up July 10 - Finance

The biggest U.S. banks, including Wells Fargo & Co. and Bank of America Corp., JP Morgan Chase and Citibank announced plans to stop exchanging the registered warrants for cash after Friday.
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Medvedev threatens U.S. over missile shield

Russian President Dmitry Medvedev warned the United States Friday that if it did not reach agreement with Russia on plans for missile defense systems, Moscow would deploy rockets in an enclave near Poland.
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Obama at Vatican for first meeting with pope

U.S. President Barack Obama arrived at the Vatican on Friday for his first meeting with Pope Benedict and what the White House says will be frank discussions on issues they agree and disagree on.
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Daily Wrap up - July 9 - Energy

The U.S. Senate has delayed finishing writing its version of the climate bill until September. The Energy Information Administration said on its weekly report that U.S. inventories of natural gas rose 75 billion cubic feet. China will spend $5.6 billion (38 billion yuan) from the central state budget for energy efficiency projects for 2009.
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Blast outside school in Afghanistan kills 25

An explosion outside a school south of the Afghan capital on Thursday killed at least 25 people, including 15 students, officials said, the worst toll from a single blast in a year.
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Obama says still time for climate deal this year

U.S. President Barack Obama said at the G8 summit on Thursday there is still time to close the gap with developing powers on climate change, after the U.N. chief criticised the G8 for not going hard enough.
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Warren Buffett says second stimulus might be needed

Legendary investor Warren Buffett said in an interview aired on Thursday unemployment could hit 11 percent and a second stimulus package might be needed as the economy struggles to recover from recession.
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Diary of July 8 G8 summit in Italy

The first day of the meeting will group the leaders of the Group of Eight -- United States, Britain, Germany, Italy, France, Russia, Canada and Japan -- plus European Commission President Jose Manuel Barroso and current EU president Sweden.

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