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CARBIS BAY, England: G7 leaders will commit on Sunday to increase their climate finance contributions to meet an overdue spending pledge of $100 billion a year to help poorer countries cut carbon emissions and cope with global warming.
CARBIS BAY, England: The Group of Seven richest democracies sought on Saturday to counter China's growing influence by offering developing nations an infrastructure plan that could rival President Xi Jinping's multi-trillion-dollar Belt and Road initiative.
CARBIS BAY, England (Reuters) - G7 leaders will commit on Sunday to increase their climate finance contributions to meet an overdue spending pledge of $100 billion a year to help poorer countries cut carbon emissions and cope with global warming.
G7 to counter China's clout and the Belt and Road project, with big infrastructure project, says senior official
The Group of Seven will seek to rival China’s multi-trillion-dollar Belt and Road initiative on Saturday by announcing a global infrastructure plan to help developing nations, a senior official in U.S. President Joe Biden's administration said.
G7 leaders were greeted by Britain's Queen Elizabeth II on Fridayevening (June 11) after opening their first in-person talks in nearly two years, touting an expected pledge to donate one billion Covid vaccine doses to poor countries in a show of revived Western democratic unity.
G7 leaders are on Saturday(June 12) set to agree a joint declaration aimed at preventing another pandemic, as they resume wide-ranging talks at their first in-person summit in almost two years.
THE rising prices of various raw materials are impacting the cost of production of many firms. But one particular industry stands out, namely that of green energy.
JAKARTA (The Straits Times/ANN): Indonesia has asked China for technical assistance to kick-start the production of Covid-19 vaccine so that it could become a regional production hub, as the two countries pledged to improve bilateral relations during their inaugural high-level dialogue in China over the weekend.
NEW YORK: The debate about when the Federal Reserve (Fed) will start scaling back bond purchases is driving some investors to emerging-market assets less exposed to a potential surge in US yields.