G20 leaders set to clash over exchange rates - papers

The G20 leaders converging on South Korea for the upcoming summit are set to clash over a deal to safeguard the global economic recovery.

Rifts are growing between export-rich countries and debt-laden consumer nations, with protectionism and foreign exchange rates at the heart of anticipated arguments, the Guardian reports. While the US wants China to allow the yuan to rise faster, believing the low currency is giving it a trade advantage, other nations are worried about the recent injection of $600bn of quantitative easing by the Federal Reserve, which could further weaken the dollar. Read more here Unemployment benefit shake-up revealed Benefits claimants refusing to take jobs could be stripped of benefits...