AP, Rusutsu

Leaders from the Group of Eight industrialized powers are deeply concerned about rising oil and food prices but remain positive about the outlook for the global economy, they said in a communique released Tuesday.
Saying that surging oil prices pose a risk to the world economy, the G-8 leaders urged that production increase in the short term and refining capacities be increased and that investment be boosted over a longer period.
They also called for further efforts in improving energy efficiency and diversifying energy sources. [Read more]