user: IN: Xi sombre about world economy at G20
The global economy is being threatened by rising protectionism and risks of high leverage are accumulating, Chinese President Xi Jinping said at the open of a two-day summit of leaders from G20 nations.

His warning on Sunday followed bilateral talks with Barack Obama that the US president described as "extremely productive", but which failed to bring the two sides closer on thorny topics such as tensions in the South China Sea.

With the summit tucked in between Britain's surprise vote in June to exit the European Union and the US presidential election in November, G20 leaders are expected by observers to mount a defence of free trade and globalisation and warn against isolationism.

But some of the G20 leaders have begun drawing battle lines in disputes over issues ranging from trade and investment to tax policy and industrial overcapacity.

The global economy is "at a crucial juncture", Xi said, hemmed in by sluggish demand, financial market volatility and feeble trade and investment.

"Growth drivers from the previous round of technological progress are gradually fading, while a new round of technological and industrial revolution has yet to gain momentum."

Other leaders attending the summit in the eastern Chinese city of Hangzhou include Russia's Vladimir Putin, Japan's Shinzo Abe, Britain's Theresa May, Germany's Angela Merkel, France's Francois Hollande and India's Narendra Modi.

Security was extremely tight in Hangzhou, with parts of the city of nine million people turned into a virtual ghost town as China seeks to ensure that the G20 summit is incident-free.

Obama, who arrived on Saturday, held talks with Xi that ran late into the night. He urged Beijing to uphold its legal obligations in the disputed waters of the South China Sea, and stressed US commitments to its regional allies.

Xi said China would continue to safeguard its sovereignty and maritime rights in the South China Sea.

But China is keen to keep the summit focused on economic issues and to prevent other disputes from overshadowing it.

European Commission President Jean-Claude Juncker said China must set up a mechanism to address its problem of industrial overcapacity, saying it was "unacceptable" the European steel industry had lost so many jobs in recent years.

"Overcapacity is a global problem but there is a particular Chinese element," he told a news conference.

Britain's future after its departure from the European Union was also subject to discussion.

Obama reassured Prime Minister May that Britain's closest political, commercial and military ally would stand by her, but did not shrink away from his stance that Brexit was a mistake and that London would not be able to jump the queue to arrange a bilateral deal.

Juncker said if Britain wanted access to the European Union's common market, it needed to respect the rules of the common market.
What is a short summary of the above article?

OUT: Chinese President Xi Jinping says the global economy is "at a crucial juncture", hemmed in by sluggish demand.


Q: Starbucks expands college tuition benefit for workers

(Reuters) – Starbucks is expanding its employee college tuition assistance program to cover the entire cost of getting an online bachelor’s degree, the chief executive of the coffee chain said on Monday.

The Seattle-based company, known for offering benefits such as healthcare and stock options, launched the “Starbucks College Achievement Plan” with Arizona State University in June 2014. It previously limited the program to juniors and seniors seeking to complete their degrees.

The enhanced tuition reimbursement program from Starbucks comes at a time when an improving U.S. labor market is forcing major restaurant chains and retailers, including McDonald’s and Wal-Mart Stores, to raise hourly wages and improve benefits to compete for the best workers.

Chief Executive Howard Schultz said Starbucks expects to spend $250 million or more over a decade on tuition reimbursement, a perk he said Starbucks employees had requested.

“The unfortunate reality is that too many Americans can no longer afford a college degree, particularly disadvantaged young people, and others are saddled with burdensome education debt,” said Schultz, who added that Starbucks hopes to help 25,000 employees earn their degrees by 2025.

Starbucks employees working 20 hours per week or more, which account for roughly 80 percent of the company’s U.S. workforce of more than 140,000, are eligible. Nearly 2,000 Starbucks employees, known as partners, already have enrolled in the program.

The students, who need not complete a degree or stay with the company after earning a diploma, will be reimbursed for the cost of their classes at the end of every semester, Starbucks said.

Starbucks, which recently raised worker pay but did not disclose the size of the increases, said it expects to have “several hundred” graduates by the end of 2016.

Schultz told Reuters that he would be open to expanding the program to include master’s degrees in the future.
What are the most important parts of this text?

A:

assistant: The coffee chain will now cover the entire cost of an online undergraduate college degree.