Financial markets fall amid growing fears that talks in Osaka will fail to break logjam

Donald Trump and Xi Jinping have been urged to reach a trade deal or risk setting the global economy on a downward path as world leaders gathered in Japan for the G20 summit.

Russian president Vladimir Putin, Indian prime minister Narendra Modi and European president Jean-Claude Juncker heaped pressure on the two superpowers on Friday to settle their differences when they meet on the sidelines of the Osaka summit on Saturday.

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