G8 eyes climate and trade

By Phil Stewart and Matt Falloon L'AQUILA, Italy (Reuters) - Leaders of the world's richest and main developing nations meet on Thursday to try to find common ground on global warming and international trade, with the poorer countries seeking concessions. U.S. President Barack Obama will chair the climate discussions, but hopes of agreeing ambitious goals have faded after China and India rejected demands to halve emissions of greenhouse gases by 2050. The talks take place on the second of a three-day Group of Eight summit, with discussions broadened to include the heads of new economic powerhouses in recognition that the world's problems can no longer be dealt with by an elite few. The fragile state of the global economy dominated the first day of the annual G8 summit, with the United States, Japan, Germany, France, Britain,... [read full story]                    

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