G8 welcomes developing states, eyes climate, 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. France's President Nicolas Sarkozy speaks at a news conference at the end of the first day of the G8 Summit in L'Aquila, Italy, July 8, 2009. (REUTERS/Philippe Wojazer) 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... [read full story]                    

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