Global Business News

G8 Reaches Seminal Climate Change Agreement

Climate change and trade figure prominently on this second day of the G8 summit in L'Aquila, Italy as leaders of the world's most powerful economies expand talks to take in counterparts and representatives of major emerging economies. Summit host, Italian Prime Minister Silvio Berlusconi welcomed world leaders for a second day of discussions in L'Aquila.

Tags: Silvio Berlusconi, G8, G5, Climate change agreement, China, India, Brazil, South Africa , Mexico, L’Aquila, United States, Europe, Canada, Japan, Global Development News, Greenhouse gas limit targets, 2 degrees Celsius above pre-industrial temperatures,

Filed under // 2 degrees Celsius above pre-industrial temperatures Brazil Canada China Climate change agreement Europe G5 G8 Global Development News Greenhouse gas limit targets India Japan L’Aquila Mexico Silvio Berlusconi South Africa United States

America Snubbed as China, India, and Russia Summit

Challenging America will be the focus of meetings in Yekaterinburg, Russia, on Monday and Tuesday for Chinese President Hu Jintao, Russian President Dmitry Medvedev and other leaders of the six-nation Shanghai Co-operation Organisation.

The alliance comprises Russia, China, Kazakhstan, Tajiki stan, Kyrgyzstan and Uzbekistan, with observer status for Iran, India, Pakistan and Mongolia.

The attendees have assured American diplomats that dismantling the US financial and military hegemony is not their aim. They simply want to discuss mutual aid – but in a way that has no role for the US or for the dollar as a vehicle for trade among these countries. The meeting is an opportunity for China, Russia and India to “build an increasingly multipolar world order”, as Mr Medvedev put it in a St Petersburg speech this month.

Tags: Unipolar, Multipolar, decline of the American empire, Russia China India summit, Shanghai Co-operation organization, Global Development News, USD, IMF, World Bank, WTO, reserve currency, economic hegemony, Medvedev, Jintao, Manmohan Singh, renminbi, Brazil, Malaysia,

Filed under // Brazil decline of the American empire economic hegemony Global Development News IMF Jintao Malaysia Manmohan Singh Medvedev Multipolar renminbi reserve currency Russia China India summit Shanghai Co-operation organization Unipolar USD World Bank WTO

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G8 Reaches Seminal Climate Change Agreement

America Snubbed as China, India, and Russia Summit