World Bank urges global trade breakthrough at G8
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Global trade talks are on the cusp   of collapse and leaders of the world's most powerful   industrialized and developing countries must break the impasse   at a summit in Russia next week, World Bank President Paul   Wolfowitz wrote in a letter to each leader.
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Leaders from the world's major industrialized nations will try to paper over deep divisions on global warming and a range of foreign policy issues when they meet on the Baltic coast this week for a G8 summit.
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Finance ministers and central bank chiefs from the world's 20 most powerful nations were gathering for a weekend G20 summit in which exchange rates are expected to figure prominently.
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Britain will seek Washington's support  to help it achieve goals on global poverty reduction, debt  relief and fair trade during London's G8 presidency next year,  finance minister Gordon Brown said Wednesday.
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Global trade is set to grow by 8.5% in real terms this year despite soaring oil prices, the World Trade Organisation says.
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The G-8 summit that President Bush and seven other world leaders are attending next weekend in Russia is often billed as a gathering of the world&#039;s leading economic powers.
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The Treasury secretary is urging a successful conclusion of world trade talks,  pushing for expansion of Indiaâs capital markets and for regulators to open the financial sector to foreigners.
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GENEVA: The World Trade Organisation (WTO) raised its forecast for â04 global trade growth to 8.5% on Monday despite surging oil prices.
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Global finance chiefs sought a way on Friday to put pressure on China to let its currency rise in value to ease global trade imbalances and also aimed to craft a message to soothe turbulent financial markets.
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HEILIGENDAMM, Germany  - Major developing nations pledged to do an unspecified "fair share" to fight climate change on Friday after a summit with G8 leaders during which President George W. Bush appealed for their help.
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UK Chancellor Gordon Brown appeals for free trade as he opens talks on the world economy by the Group of Seven (G7) wealthy nations.
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BERLIN, Jun 4 (IPS) - Legislators from the G8 countries -- Britain,  France, Germany, Italy, Japan, Canada, United States and Russia  -- are hoping against hope that an historic breakthrough on  climate change will be achieved at the Heiligendamm summit this  week.
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Global trade is set to grow by 8.5% in real terms in 2004 despite soaring oil prices, the World Trade Organisation (WTO) has said.
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BERLIN -- The leaders of the world's second- and third-largest economies, Japan and Germany, pressed the biggest -- the United States -- yesterday to agree to dramatic action in addressing climate change at a Group of 8 summit meeting next month.
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JOHANNESBURG, Jun 5 (IPS) - In the final hours before this week's Group of  Eight (G8) summit gets underway in Germany, activists have  underscored the need for progress with both climate change and  poverty alleviation -- key items on the meeting's agenda --  for there to be real improvement in Africa's living  conditions.
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The world's top finance officials on  Friday asked oil-producing nations to step up production and  agreed it was crucial to work out exactly why prices have  soared to levels that threaten global growth.
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The World Bank, aligned with other global financial institutions dominated by rich nations that promote free trade, is advising poor nations that have already signed agreements to open up for more trade on &quot;all fronts.