A summary of what you need to know today, compiled by The Globe's news desk on March 21, 2013.
Archbishop of Canterbury installed
Justin Welby, the new Archbishop of Canterbury, is being formally installed today in London. The new head of the world's Anglican Communion told the BBC he backs the church's positions, including opposing same-sex marriage, but says many gays have long relationships of "stunning" quality that have "deeply challenged" his views.
Kurdish militant calls for ceasefire with Turkey
Jailed Kurdish rebel leader Abdullah Ocalan called today for his fighters to halt hostilities and withdraw from Turkey as part of a peace process which marks the best hope yet of ending a conflict that has killed 40,000 people, Reuters reports. "Let guns be silenced and politics dominate," Mr. Ocalan's statement says.
Finance Minister to deliver federal budget
Finance Minister Jim Flaherty is delivering the federal government's jobs-themed budget today at 4 p.m. EDT in Ottawa. Mr. Flaherty will boost tax credits for manufacturing, cut tariffs on imported hockey gear and focus on skills training, The Globe and Mail's Bill Curry and Steven Chase report. The budget will also promise to balance the books by the 2015-16 fiscal year.
Cyprus lawmakers have four days to find new banking plan
The European Central Bank gave Cyprus a deadline of Monday to agree to a bailout plan, and threatened to cut off funding to the island's cash-strapped banks if a program is not reached by then, Reuters reports. Today's decision gives the tiny island nation a last chance to agree to a bailout plan with the European Union and International Monetary Fund.
Obama travels to West Bank
U.S. President Barack Obama travelled to the occupied West Bank today for talks with Palestinian leaders who accuse him of sidelining their dream of statehood, Reuters reports.