Last-ditch talks between Argentina and the US hedge funds it has branded "vultures" failed to reach agreement Wednesday, effectively pushing the country into default.
Worsening conflict in Darfur and an influx of people fleeing war in South Sudan helped push to almost seven million the number needing aid in Sudan, the UN said.
Kazakh Minister of Economy and Budget Planning Yerbolat Dossayev said that the ongoing crisis in Ukraine and the slowdown of the Russian economy posed risks to the Kazakhstan economy.
The International Monetary Fund is rethinking bailouts in the wake of the eurozone crisis, with an eye to giving governments near default better options to stabilize their finances.
Angry protests broke out in India's capital overnight over power blackouts as summer temperatures soar, fuelling concerns of a repeat of an electricity crisis two years ago, police said.
Formula One faces a serious cash crisis if it does not introduce serious cost-cutting measures, Williams' deputy team-principal Claire Williams warned.
In his speech at Moscow State University President Nazarbayev said that Ukraine would benefit from cooperation with Russian and Kazakhstan amid any scenario.
The United States has been moving cautiously in slapping sanctions on Russia over the Ukraine crisis, keen to keep its EU allies on board and avoid exposing fault lines within the European bloc, analysts say.