The international economic crisis, climate change and food security were the issues on which the G8 leaders focused in the first day’s proceedings at the L’Aquila Summit. The Group of Eight (G8, and formerly the G6 or Group of Six) is a forum, created by France in 1975, for governments of eight nations of the northern hemisphere: Canada, France, Germany, Italy, Japan, Russia, the United Kingdom, and the United States; in addition, the European Union is represented within the G8, but cannot host or chair.
The US stock market finally shook its post-election slump. Investors seized on hope that Washington will reach a deal on the federal budget and drove stocks Monday to their biggest gain in two months. A pair of strong corporate earnings reports also helped. U.S. stocks rallied, logging their best gains in months, as investors started … Read more