• Follow us

Economy

G7 summit sees France focus on environment as Donald Trump's aides slam 'niche' agenda

Emmanuel Macron welcomes Donald Trump to G7

Squabbles have erupted among G7 nations as leaders gathered for an annual summit, exposing sharp differences on global trade, Britain's exit from the EU and how to respond to the fires raging in the Amazon rainforest.

Key pointsEmmanuel Macron sets agenda for G7 on defending democracy, gender equality, education and the environmentBut European Council President says it is getting "increasingly" hard to find common groundPolice use water cannons, tear gas to disperse protesters as G7 tackles divide on approach to Amazon fires

French President Emmanuel Macron, the summit host, planned the three-day meeting in the Atlantic seaside resort of Biarritz as a chance to unite a group of wealthy countries that have struggled in recent years to speak with one voice.

Mr Macron set an agenda for the group — France, Britain, Canada, Germany, Italy, Japan and the United States — that included the defence of democracy, gender equality, education and the environment. He invited Asian, African and Latin American leaders to join them for a global push on these issues.

But two US officials said President Donald Trump's delegation was irked that Mr Macron had skewed the focus of the meeting to "niche issues" at the expense of the global economy, which many leaders worry is slowing sharply and at risk of slipping into recession.

In a bleak assessment of relations between once-close allies, European Council President Donald Tusk said it was getting "increasingly" hard to find common ground.

"This is another G7 summit which will be a difficult test of unity and solidarity of the free world and its leaders," he told reporters ahead of the meeting.

"This may be the last moment to restore our political community."

Mr Trump brought last year's G7 summit to an acrimonious end, walking out early from the gathering in Canada and rejecting the final communique.

Mr Trump arrived in France a day after responding to a new round of Chinese tariffs by announcing Washington would impose an additional 5 per cent duty on some $US550 billion of Chinese imports, the latest tit-for-tat trade war escalation by the world's two largest economies.

Donald Trump looks away as Emmanuel Macron puts his arm around him as they walk at the G7 summit

"So far so good," Mr Trump told reporters as he sat on a seafront terrace with Mr Macron, saying the two leaders had a special relationship. "We'll accomplish a lot this weekend."

Mr Macron listed foreign policy issues the two would address, including Libya, Syria and North Korea, adding that they shared the objective of preventing Iran from obtaining nuclear weapons.

However, the initial smiles could not disguise their opposing approaches to many problems, including the knotty question of protectionism and tax.

Before his arrival, Mr Trump repeated a threat to tax French wines in retaliation for a new French levy on digital services, which he says unfairly targets US companies.

French riot police used water cannons and tear gas on Saturday to disperse anti-capitalism protesters in Bayonne, near Biarritz. A police helicopter circled as protesters taunted lines of police.

The leaders themselves were gathering behind tight security in a waterfront conference venue, the surrounding streets barricaded by police.

Riot police clash with protesters in nearby Bayonne

Australian Prime Minister Scott Morrison is also attending the G7 summit in an observational capacity alongside Indian, Chilean and South African leaders.

Dissent over France's plan to block trade deal

EU leaders have piled pressure on Brazilian President Jair Bolsonaro to do more over fires raging in the Amazon rainforest.

Even so, Britain and Germany were at odds with Mr Macron's decision to pressure Brazil by blocking a trade deal between the EU and the Mercosur group of Brazil, Argentina, Uruguay and Paraguay.

A spokesman for German Chancellor Angela Merkel said not concluding the trade deal was "not the appropriate answer to what is happening in Brazil now".

UK Prime Minister Boris Johnson also appeared to disagree with Mr Macron on how to respond.

"There are all sorts of people who will take any excuse at all to interfere with trade and to frustrate trade deals and I don't want to see that," he said.

Spat over 'Mr No Deal' Brexit

Mr Macron opened the summit with a dinner at the base of a clifftop lighthouse overlooking Biarritz, at which a menu of piperade, a Basque vegetable specialty, tuna and French cheeses awaited the leaders.

Boris Johnson looks across as Angela Merkel and Emmanuel Macron stare ahead

Adding to the unpredictable dynamic between the G7 leaders are the new realities facing Brexit-bound Britain: dwindling influence in Europe and growing dependency on the United States.

Mr Johnson will want to strike a balance between not alienating Britain's European allies and not irritating Mr Trump and possibly jeopardising future trade ties. Mr Johnson and Mr Trump will hold bilateral talks on Sunday.

Donald Tusk bluntly lays out challenges of G7 summit

Mr Johnson and European Council head Mr Tusk sparred before the summit over who would be to blame if Britain leaves the EU on October 31 without a withdrawal agreement in place.

Mr Tusk told reporters he was open to ideas from Mr Johnson on how to avoid a no-deal Brexit when the two men meet on Sunday.

"I still hope that PM Johnson will not like to go down in history as Mr No Deal," said Tusk, who as council president leads the political direction of the 28-nation European Union.

Mr Johnson, who has said since he took office last month that he would take the country out of the bloc on October 31 regardless of whether a deal can be reached, later retorted that it would be Mr Tusk himself who would carry the mantle if Britain could not secure a new withdrawal agreement.

"I would say to our friends in the EU if they don't want a no-deal Brexit then we've got to get rid of the backstop from the treaty," Mr Johnson told reporters, referring to a protocol that, if it remained unchanged, would see a return to a hard border between Northern Ireland and EU member Ireland after Brexit.

"If Donald Tusk doesn't want to go down as Mr No Deal then I hope that point will be borne in mind by him too."

Mr Johnson is trying to persuade EU leaders to drop the backstop from a withdrawal agreement that was negotiated by his predecessor but rejected three times by the British Parliament as the United Kingdom struggles to fulfil a 2016 referendum vote to leave the bloc.

Reuters

Read More



Leave A Comment

More News

<none>

ASX gains as US Fed cuts interest rates 2019-09-19 03:37:25The Australian share market has had its best day in two weeks, with most sectors posting gains after the US Federal Reserve cut a key interest rate.

Equity crowdfunding on the rise 2019-09-19 03:30:13Interest in equity crowdfunding is growing locally, after Rhinohide reached its investment goal and fellow Perth-based business Tiller Rides announced

Uniformity needed on donations 2019-09-19 03:24:15One of Australia's most experienced electoral officials has called for a major shakeup in the regulation and reporting of political donations at fede

Matsa to raise up to $6m 2019-09-19 03:12:39Matsa Resources is seeking to raise up to $6 million via a share placement, with a portion of the funds to go towards further development at its Red O

Breight fills training gap, wins Newmont contract 2019-09-19 03:08:06Mining services company Breight Group has established a specialist training centre in Belmont to lift the skill level of workers undertaking maintenan

WA results pull Brickworks' profit down 2019-09-19 03:03:43Brickworks' full-year profit slipped 11.9 per cent to $154.6 million, with the company highlighting its WA operations as a specific weak point.

WA directors in $21m of share trades 2019-09-19 02:07:30Another flurry of substantial share transactions from directors of Perth-based ASX-listed companies have occurred recently following the release of an

Slow recovery in WA’s population growth 2019-09-19 01:26:54Western Australia’s annual population growth rate has lifted slightly to 1 per cent but continues to lag the national growth rate of 1.6 per cen

Metals X seeking over $32m to revive Nifty 2019-09-19 01:19:38Copper and tin producer Metals X has launched a $32.7 million capital raising to turn around its struggling Nifty copper operation, less than three we

WA jobless at 5.8% 2019-09-18 23:19:43Unemployment fell 0.1 percentage points in Western Australia in August to be 5.8 per cent, although the number of people employed full time fell by ab

ASX dips amid slump for energy sector 2019-09-18 03:40:27The Australian share market has closed lower for the first time in six days, pinned down by a slump in the energy sector as oil prices retreated from

Juniors to raise $13.4m through rights issues 2019-09-18 03:37:44Paringa Resources is seeking to raise $8.1 million, while Mali Lithium is on the hunt for $5.3 million, both via rights issues.

Business

Pacific climate change champion Enele Sopoaga is no 2019-09-19 04:45:37Newly elected MPs from the 11,000-strong Pacific nation have elected Kausea Natano as Tuvalu's new PM, ending the premiership of Enele Sopoaga.

Woman fleeced of $670,000 in finance scam using 2019-09-19 03:56:12A WA woman is caught up in an online investment scam that used a bogus endorsement by mining billionaire Andrew Forrest and created fake ABC News arti

'Simply untrue': Daniel Johns sues Sydney tabloid over 2019-09-19 03:53:12The former Silverchair frontman sues the publisher of Sydney tabloid The Sunday Telegraph for defamation over a report claiming he frequented a brothe

The US has 700 million barrels of oil 2019-09-18 23:50:55Last weekend's attack on Saudi Arabia highlights how vulnerable the world — and particularly Australia — is to running short of fuel if a

Nearly 35,000 jobs were added last month, but 2019-09-18 21:42:59The jobless rate has taken another step further away from full employment and, with forward indicators continuing to weaken, it is putting more pressu

Balanced budget means the Government is 'working against' 2019-09-18 21:26:51Australia has effectively posted its first balanced budget for more than a decade, but economists — including a former Liberal leader — sa

Budget comes in $13.8 billion better off than 2019-09-18 20:42:05The Federal Government posts a smaller-than-expected budget deficit at $690 million, firming up its expectations of delivering a surplus this financia

'Better off with the devil we know': Concerns 2019-09-18 20:34:17An offshore wind farm proposed for regional Victoria will power almost a fifth of the state's electrical needs, but coastal residents says they are c

GM cotton could soon be grown in South 2019-09-18 19:17:29South Australia's decision to axe its ban on genetically modified crops could open the doors for the cotton i

'No guts, no vision': Trump slams Fed for 2019-09-18 14:53:22The Fed's latest interest rate cut fails to boost Wall Street and certainly did not excite US President Donald Trump, who has been pressuring the cen

Drone wreckage shown to media as Saudi Arabia 2019-09-18 10:48:30Saudi Arabia displays remnants of what it described as Iranian drones and cruise missiles used in an attack on Saudi oil facilities, saying they were

'Months rather than years': UK pins hopes on 2019-09-18 05:17:11Britain's Trade Minister says she expects her Government to complete a wide-ranging trade deal with Australia within months of exiting the European U

Finance | News.com.au

Palm Beach’s ‘worst house’ up for sale New! 2019-09-20 10:05:44Everyone has heard of buying the worst house in the best street. It is real estate doctrine 101. But how about buying the worst house in a suburb &mda

Buyers not put off by unfinished home New! 2019-09-20 10:05:44A half built home in Kellyville, without a kitchen, bathroom or even a toilet has sold under the hammer for $1.415 million.

Ultimate child-friendly home New! 2019-09-20 10:05:44Could this be Canberra’s ultimate kid-friendly home?

Landmark tipped to smash records New! 2019-09-20 10:05:44One of the upper north shore’s most prized estates has come to market, and is tipped to smash both its suburb and district record.

How to pick the right phone contract New! 2019-09-20 10:05:44Australians are obsessed with their mobile phones, so here are some tips about finding the right, cost-effective deal.

Mid-Session 20 September 19: Aussie shares are off New! 2019-09-20 10:05:44Heading into lunch on Friday, the ASX 200 has lifted by 47 points or 0.7 per cent to 6765 .

Trump slams ‘dumb’ phone claims New! 2019-09-20 10:05:44US President Donald Trump has slammed claims he made a troubling “promise” to an unidentified foreign leader.

‘Pastafarian’ takes over council meeting New! 2019-09-20 10:05:44A “Pastafarian” pastor gave an opening prayer on behalf of the Church of the Flying Spaghetti Monster before a local government meeting &m

Artists brush aside site of historic pub New! 2019-09-20 10:05:44Creative couple David and Yuge Bromley are selling the site of quirky Ballarat watering hole The Pub With Two Names.

Your grocery bill is about to be slashed New! 2019-09-20 10:05:44Coles has launched a fresh sales campaign offering sweeping discounts, with retail experts predicting Australia is on the verge of another supermarket

Trudeau has now been caught on video New! 2019-09-19 23:32:27Canadian Prime Minister Justin Trudeau said it was “absolutely unacceptable” to have worn blackface makeup, after damning images of him in

Red carpet rolled out for Morrison in the New! 2019-09-19 23:32:27Prime Minister Scott Morrison has landed in Washington ahead of a meeting with US President Donald Trump.

Sydney Morning Herald RSS

'Really, really tough': Small retailers say they are 2019-09-19 21:05:00Australia's small-to-medium retailers are feeling the brunt of the retail downturn, likening trading conditions to the global financial crisis.

Big box retailers get green light to bargain 2019-09-19 21:01:20JB Hi-Fi, Chemist Warehouse, Bunnings and IKEA have been given permission to start tendering for cheaper electricity deals.

Wall Street finishes mixed after early rally fades 2019-09-19 20:52:08The S&P 500 just managed to hold on to a tiny gain that extended its winning streak to a third day.

No breaches: APRA loses IOOF super case 2019-09-19 20:38:53APRA had claimed the wealth manager's directors, executives and entities failed to act in the best interest of super members.

Smiggle struggle: Boris and Brexit uncertainty shadows Premier 2019-09-19 19:44:49Premier Investments has handed out a record dividend despite its Smiggle business being hit by economic and political instability from Brexit.

Airbnb started when its founders rented out their 2019-09-19 19:17:53When co-founders Brian Chesky and Joe Gebbia needed some extra cash, so they put three air mattresses on their apartment floor and set up a website.

Markets Live: ASX set for fifth consecutive weekly 2019-09-19 18:48:16Despite a mixed lead from Wall Street, ASX futures are pointing to modest gains on the open.

'Crash risk': Tech titan's $22 billion fortune is 2019-09-19 18:12:00Masayoshi Son is a noted risk-taker who lost more than $100 billion in the dot-com crash before rebuilding his fortune. He may be in trouble again.

Trump believes the Fed chair has 'no guts' 2019-09-19 18:02:17The president gave an uncertain job guarantee for his hand-picked Fed chairman, but added "I don't think he knows how to play the game very well."

8@eight: ASX to open higher; Wall Street treads 2019-09-19 17:23:27What happened overnight and what's ahead for the ASX.

China falling out of love with Apple as 2019-09-19 15:21:47The trade war is taking its toll on the likes of Apple as Chinese consumers turn away from American brands.

Why Bill Gates is right to support a 2019-09-19 13:30:00The second richest man in the world says a tax on huge fortunes makes sense. His case makes it clear why governments should go for it.

Business News - Markets

Bank of England warns further Brexit uncertainty will 2019-09-19 06:54:00The Bank of England has warned that extended uncertainty over Brexit could lead to further damage for the UK economy.

Mike Ashley fails in court bid to block 2019-09-19 06:04:00Debenhams has seen off a Mike Ashley-backed challenge to its rescue plans.

Ryanair (just) sees off revolt over O'Leary's &#163;90m 2019-09-19 05:13:00Ryanair has seen off an investor revolt over pay plans that could earn its chief executive Michael O'Leary £90m in bonuses.

Online shopping decline behind fall in retail sales 2019-09-19 04:26:00The end of pre-summer holiday promotions is being blamed for the first decline in retail sales since May.

Booking.com 'still duping consumers' despite regulator demands 2019-09-19 03:57:00Booking.com is "continuing to mislead consumers" with false claims about the availability of hotel rooms months after regulators demanded the websit

Next says warm September more harmful than Brexit 2019-09-19 01:54:00The Brexit-supporting boss of Next says a warm start to September has done more to hinder sales than political uncertainty.

&#163;3bn needed for farming to tackle climate change 2019-09-18 19:33:00UK farming needs billions of pounds from central government if commitments to tackle climate change and protect the natural environment are to be met.

BT urges switch-off date for copper broadband service 2019-09-18 13:08:00BT Group and its broadband infrastructure rivals are in secret talks with the government about a timetable for switching off copper broadband services

Food bank demand linked to Universal Credit, charity 2019-09-18 12:54:00A charity that provides emergency food for those in need says that where Universal Credit exists, there's a higher demand for food banks.

'No guts': Trump attacks Federal Reserve over US 2019-09-18 10:56:00The US has cut interest rates by 0.25% for the second time this year amid concerns about slowing economic growth and global trade tensions.

Facebook to launch 'supreme court' to judge controversial 2019-09-17 15:52:00Facebook has revealed the rules that will govern its "supreme court" - a new 40-person independent board that will make the final decision on contro

Former boss Tinkler plots bid for ailing Eddie 2019-09-17 15:22:00The colourful businessman who fought a running battle with the owner of Southend Airport last year is turning his attention to its former corporate be


Disclaimer and Notice:WorldProNews.com is not responsible of these news or any information published on this website.