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G20 Leaders To Tackle Energy Prices, Other Economic Woes

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Employees stand in front of La Nuvola (the cloud) convention center where the G20 summit is scheduled to take place in Rome, Thursday, Oct. 28, 2021. A Group of 20 summit scheduled for this weekend in Rome is the first in-person gathering of leaders of the world's biggest economies since the COVID-19 pandemic started.(AP Photo/Alessandra Tarantino)

(AP) — The global economy is giving leaders of the Group of 20 countries a lot to talk about at their summit this weekend in Rome. The presidents and prime ministers representing 80% of the global economy will confront a recovery hampered by an energy crunch that’s spurring higher fuel and utility prices, new COVID-19 outbreaks and logjams in supply chains. U.S. President Joe Biden has said he wants to press other leaders on high oil prices. One thing is set: leaders will sign off on a deal to enact a global minimum corporate tax that could help reap more money for governments that have increased spending on pandemic relief.

 

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