CAMP DAVID, Maryland (Reuters) - U.S. President Barack Obama pledged at a summit on Saturday to work with Europe on a package that balances growth with debt reduction as world leaders try to prevent the worsening euro zone crisis from destabilizing the global economy. At the wooded Camp David retreat in Maryland's Catoctin Mountains, Obama and leaders from other major economic powers are seeking ways to soothe financial markets after worries about Spain's banking problems and the risk of a Greek exit from the euro zone sent world stocks to their lowest levels this year. ...

A broken-down cargo ship was drifting towards the fringes of Australia's Great Barrier Reef Saturday, with fears of major damage if it were to run aground at the World Heritage-listed site.

Guests at Cannes have bid up to €200,000 ($255,656) at a Haiti fundraiser for items including a Bono-autographed guitar as the film festival's glitzy, global spotlight turned to charity.

Three men arrested earlier this week when police raided a Chicago apartment were being held on terrorism conspiracy charges Saturday stemming from allegations that they tried to make Molotov cocktails ahead of the NATO summit, but the first major dress rehearsal of this weekend's large-scale protests was relatively peaceful.

President Barack Obama on Saturday called on the U.S. Congress to back his efforts for tough new financial industry oversight, saying a $2 billion trading loss at JPMorgan underscored the need for such regulation. "We've got to finish the job of implementing this reform and putting these rules in place," Obama said in a weekly radio address that accused some on Wall Street of causing the 2007-2009 economic crisis because they "treated our financial system like a casino. ...