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Tag: G20

World Economy’s Great Escape Is No Comfort to the G-20

(Bloomberg) — If the world economy is heading for a soft landing there’ll be plenty of anxiety along the way, with Iran’s missile attack on Israel putting an exclamation point on global jitters. Most Read from Bloomberg As the world’s financial elite gather in Washington for meetings of the International Monetary Fund, World Bank and […]

Brazil view on immunity for heads of state could favor Putin at G20 summit

By Lisandra Paraguassu BRASILIA (Reuters) – Brazil is advocating for the immunity of heads of states that are not party to treaties such as the International Criminal Court (ICC), according to a document seen by Reuters, which could favor Russian President Vladimir Putin attending the Group of 20 summit in Rio this year. The ICC […]

G20 finance chiefs fail to reach joint statement amid Gaza, Ukraine debate

By Marcela Ayres and Christian Kraemer SAO PAULO (Reuters) -Finance leaders from the world’s largest economies failed to agree on a joint statement as they wrapped up talks on Thursday, with divisions over the wars in Gaza and Ukraine overshadowing efforts to forge a consensus on global economic development. Brazil, host of the meeting of […]

Brazil urges G20 ensure ‘super-rich pay fair share’ of taxes

Brazil’s finance minister called Thursday for an international plan to ensure the world’s super-rich pay their taxes, urging G20 nations to adopt a shared stance on preventing billionaire tax-dodging by July. “It’s an undeniable fact that the billionaires of the world are still evading our tax systems through a series of strategies,” Finance Minister Fernando […]

Brazil’s finance minister diagnosed with COVID ahead of G20 meetings

BRASILIA (Reuters) -Brazil’s Finance Minister Fernando Haddad has been diagnosed with COVID-19 after feeling unwell on Sunday night and his in-person participation in the G20 finance track events scheduled for this week in Sao Paulo may be compromised. The Finance Ministry said in a statement on Monday that Haddad would chair the meetings on Feb. […]

The G-20 Searches for Its Purpose as Wars Upend Global Politics

(Bloomberg) — The first major ministerial meeting of Brazil’s Group of 20 nations presidency ended with no shortage of talk about ongoing conflicts in Europe and the Middle East but little progress toward resolving them. Most Read from Bloomberg Foreign affairs ministers from the world’s largest countries spent the past two days holed up in […]

G20 foreign ministers to discuss reform of UN and development banks

Reforms to major international institutions are set to be at the centre of talks between the foreign ministers of the G20 developed and emerging economies on Thursday. Institutions like the UN Security Council are under fire, with critics saying they are increasingly irrelevant. Two years after the Russian attack on Ukraine, the UN Security Council […]

Yellen to visit Brazil for G20 meeting, Chile for bilateral talks

By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen will join finance officials from the Group of 20 major economies for meetings in Sao Paolo, Brazil next week, and then travel on to Santiago, Chile for bilateral engagements, the Treasury said on Wednesday. The G20 meetings come days after the second anniversary of […]

Israel-Hamas War Splits G-20, Risking Paralysis at Meeting

(Bloomberg) — The Group of 20 nations is so split on the conflicts in Gaza and Ukraine that they may be forced to reduce the forum’s scope and avoid geopolitical issues altogether this year, according to people familiar with the matter. Most Read from Bloomberg Removing all sensitive political topics from G-20 statements would diminish […]

IMF Says Saudi Slump Matched Argentina Among Worst G-20 Laggards

(Bloomberg) — Saudi Arabia’s economy had one of its steepest contractions of the past two decades after reducing oil output to support crude prices, according to the International Monetary Fund, a slump matched only by crisis-stricken Argentina among the Group of 20 nations. Most Read from Bloomberg Gross domestic product slipped 1.1% last year, the […]