The Latest: Leaders worried about inequality, weak growth

Staff Writer
Columbus CEO

MANILA, Philippines (AP) — Leaders from 21 countries and self-governing territories are gathering in Manila for the Asia Pacific Economic Cooperation summit. The meeting's official agenda is focused on trade, business and economic issues but terrorism, South China Sea disputes and climate change are also set to be in focus. (All times are local)


2:00 p.m.

The draft APEC leaders statement seen by AP is warning that global growth remains fragile and that inequality is acting as a brake on economic development.

The draft statement says that "significant downside risks, including inadequate demand growth, financial volatility and stagnation in some economies threaten the current uneven global growth prospects."

The statement by the leaders of the 21-member APEC forum that includes the United States and China is due to be issued Thursday at the end of their talks.


1:00 p.m.

More than 300 protesters have tried to march to the U.S. Embassy in Manila, pushing and shoving with anti-riot police who blocked their way.

The farmers and youth activists wore head bands printed with "Junk APEC," and chanting "U.S. government, terrorist!," and "Down with Imperialism!"

The rally was underway as President Barack Obama touched down in Manila. The angry chants were in contrast to tweets of "Welcome to Manila@POTUS" and pictures of Air Force One taxiing on the runway and Obama being greeted by officials at a private hanger.


12:35 p.m.

Leaders at the Asia Pacific Economic Cooperation summit plan to condemn the Paris attacks, according to a draft of their declaration seen by The Associated Press.

The draft statement says: "We stand in solidarity with the people of France and all victims of terrorism elsewhere." It says the attacks require a united global response.

The 21-member APEC forum that includes the United States and China ends Thursday.

The attacks on Friday killed 129 people and wounded 350 others.