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The Latest Breaking News from G20

Developing countries' debt troubles in focus at G20 talks, says Germany's Lindner

The outlook for the global economy and the situation of highly indebted countries will be the main topics of discussion at the Group of 20 (G20) meetings taking place this week in India, German Finance Minister Christian Lindner said on Monday.

Reuters

France says global talks on taxing tech giants being blocked by US, India

International talks aimed at taxing global tech giants that declare profits in only a few jurisdictions have hit a standstill due to opposition from countries including the US and India, France's finance minister said on Monday. This week's G20 meeting will attempt to get the ball rolling again.

Radio France Internationale

U.S. to push debt relief, Ukraine aid at G20 finance meeting in India

U.S. Treasury Secretary Janet Yellen will travel to India next week for G20 finance meetings that will focus on unblocking distressed-country debt restructuring, boosting support for Ukraine and reforming multilateral development banks.

Reuters

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Mehrauli demolition: Survey DDA relied on was found incomplete by HC panel last year

Before the demolition drive in south Delhi’s Mehrauli was halted by the Delhi High Court, anxious residents would wake up each day and ask themselves: “Who’s next?” “Who has got a stay?”

Newslaundry

‘Scandalous’ Tory government spending on lavish hotels, furnishings and booze revealed

Labour reveals dossier exposing use of taxpayer-funded debit cards

The Independent UK

Labour condemns ‘catalogue of waste’ on government ‘credit cards’

Analysis of civil service spending includes Rishi Sunak’s Treasury department spending £3,000 on Tate photographs

The Guardian - UK

Rishi Sunak and Tory ministers accused of 'scandalous catalogue of waste' with lavish spending

In a new dossier, Keir Starmer's Labour claims taxpayers' money has been used to fund extravagant events, expensive restaurants and five-star hotels using Government Procurement Cards

Daily Mirror

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Tory ministers accused of five-star lifestyle and using public money ‘like a cash machine’

Labour to publish dossier of spending by government representatives on luxury hotels and chauffeur hire

The Guardian - UK

U.S. offers support to India's G20 presidency on energy, food issues

The United States will support India's G20 presidency including on issues such as food and energy security, the U.S. embassy there said on Tuesday, as New Delhi seeks the backing of its partners ahead of key meetings starting this month.

Reuters

UAE, France, India Establish Trilateral Cooperation Initiative in Energy, Climate Change

UAE, France and India announced on Saturday a formal trilateral cooperation initiative with the aim of expanding cooperation in several areas of mutual interest, including energy and climate change. The plan was finalized during a phone conversation among UAE's FM Sheikh Abdullah bin Zayed Al Nahyan, India’s Minister for External…

Asharq Al-Awsat

Saudi Arabia Urges Int’l Community to Assume Responsibilities in Ending Israeli Occupation

The Saudi government urged on Tuesday the international community to assume its responsibilities in ending the Israeli occupation of Palestinian territories. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Riyadh. The government also underscored the need to revive the peace…

Asharq Al-Awsat

Saudi Sherpa Discusses Priorities of G20 Meetings in India

Saudi officials reviewed the priorities of the G20 for the current year, which include supporting global economic growth in light of geopolitical tensions, strengthening global value chains and flexible logistics services, in addition to a range of issues related to health, energy, food security, education, tourism, the labor market and…

Asharq Al-Awsat

G20 creditors ready to discuss Ghana debt, Paris Club official says

All member countries of the G20 group economic powers are on board to discuss restructuring Ghana's debt and Paris Club members are prepared to form a creditor committee soon, an official from the Paris Club said on Thursday.

Reuters

Keys to sustainable growth

In November, hundreds of corporate CEOs and heads of state convened in Bali, Indonesia, for the B20 global business summit. The topics on the agenda this year revolved around three interconnected goals: sustainability, inclusion and economic growth.

Bangkok Post

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Al Jazeera

Is crypto about to go extinct?

It will likely survive, but only after more firms and currencies crash and burn. Here’s why.

Bangkok Post

Thai diplomacy extends to Global South

At last week's virtual summit organised by Indian Prime Minister Narendra Modi to gather input from members of the Global South, Thailand diligently reached out to the world's developing and less developing countries with a holistic approach focusing on human security and balanced development.

Reuters

Ghana requests G20 Common Framework debt restructuring -source

Ghana requested on Tuesday to restructure its bilateral debt under the common framework platform supported by the Group of 20 major economies, a source familiar with the situation told Reuters.

Salon

War accelerating clean energy adoption

Call it the Putin effect: Russia’s war is speeding up the global shift away from fossil fuels

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Dynamite News

Kolkata to host first Meeting of Global Partnership For Financial Inclusion Working Group on Jan 9-11

The G20 India on Wednesday said the first Meeting of Global Partnership for Financial Inclusion (GPFI) Working Group of G20 under the Finance Track under India's G20 Presidency would be hosted in Kolkata. Read on for details:

Al Jazeera

Russia rejects Zelenskyy’s ‘peace formula’: Lavrov

Zelenskyy’s 10-point peace plan envisages Russia restoring Ukraine’s territorial integrity.

The Independent UK

Zelensky says he counts on ‘India’s participation’ in implementation of peace plan in call with Modi

Ukrainian leader also takes apparent parting shot at India’s growing ties with Russia

Bangkok Post

Asean's international status is rising

It might sound pompous to keep stating the strategic importance of Southeast Asia over the past year due mainly to the three heavy-weight summits held in the neighbourhood. Historically speaking, it has always been this way since the colonial period when European powers gobbled up land, suppressed local people, and…

The Conversation

How Putin’s war and small islands are accelerating the global shift to clean energy, and what to watch for in 2023

The year 2022 was a tough one for the growing number of people living in food insecurity and energy poverty around the world, and the beginning of 2023 is looking bleak.

The Conversation

Ukraine war: Moscow and Kyiv are talking – just not about peace

At the G20 summit in Bali in November, Ukrainian president Volodymyr Zelensky announced a new ten-point plan to end hostilities. He demands nothing less than the withdrawal of Russian troops from all of Ukraine, including Crimea and other areas of the country occupied by the Russians since 2014. And the…

Reuters

Japan backs African Union entry to G20, PM Kishida says

Japan will support the African Union's entry to the Group of 20 (G20) forum of the world's largest economies, Prime Minister Fumio Kishida said on Monday.

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