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G8 welcomes developing states, eyes climate and trade

Phil Stewart, Matt FalloonReuters

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.

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