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/ 11 February 2007

G7 targets Chinese currency

World finance leaders targeted China on Saturday, urging Beijing to allow greater flexibility in its exchange rate, but spared Japan, where a weakening has sparked growing unease in Europe. Group of Seven (G7) finance ministers and central bankers also said global economic growth is now ”more balanced”.

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/ 10 February 2007

G7 meeting ‘ignoring needs of Africa’

An NGO on Friday accused finance ministers of the world’s leading industrial nations of ignoring the needs of Africa. The Group of Seven (G7) meeting taking place in Essen is ”missing a critical opportunity to help Africa break the back of extreme poverty and Aids”, the advocacy group Data said.