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The Latest Breaking News from G20

Indian PM Modi urges G20 to focus on unsustainable debt

The financial viability of many countries is being threatened by unsustainable debt, India's Prime Minister Narendra Modi said on Friday, as he called for the Group of 20 (G20) to focus on the world's most vulnerable citizens.

Reuters

G20 finance leaders to gauge toll on global economy on Ukraine war's anniversary

Global finance leaders will tally the economic damage from Russia's war in Ukraine on Friday as they meet on the conflict's first anniversary with some voicing concerns that more sanctions on Moscow would disrupt a modest improvement in growth.

Reuters

G-7 countries condemn Russian aggression, increase aid to Ukraine

Group of Seven finance ministers once again condemned Russia’s war in Ukraine on the eve of its one-year mark and pledged to increase financial support for Ukraine.

Tribune News Service

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$1 trillion in the shade – the annual profits multinational corporations shift to tax havens continues to climb and climb

About a decade ago, the world’s biggest economies agreed to crack down on multinational corporations’ abusive use of tax havens. This resulted in a 15-point action plan that aimed to curb practices that shielded a large chunk of corporate profits from tax authorities.

The Conversation

Russia-Ukraine war at a glance: what we know on day 365 of the invasion

Russian forces step up attacks along eastern frontline; UN to vote on calling for unconditional withdrawal of troops; Zelenskiy says he would welcome meeting with China

The Guardian - UK

Yellen, G7 urge more aid for Ukraine and adherence to Russia sanctions

Finance ministers from the United States and its G7 allies called for more financial support for Ukraine on Thursday and vowed to maintain tough sanctions on Russia on the eve of the first anniversary of Moscow's invasion.

Reuters

Yellen, in India for G20, urges faster fixes for debt crises

U.S. Treasury Secretary Janet Yellen has urged other leading economies to move faster in resolving debt crises that threaten a growing number of countries

The Independent UK

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India: Don’t mention the ‘war’

BENGALURU, India: Indian officials hosting the Group of 20 finance chiefs this week are seeking to avoid using the word “war” in any joint statement when referring to Russia’s attack on Ukraine, a person familiar with the matter said.

Bangkok Post

UN expected to endorse demand for Russia to leave Ukraine

Global south countries including China, South Africa and India expected to abstain

The Guardian - UK

Treasurer looks for inflation solution at G20 summit

Treasurer Jim Chalmers will meet G20 counterparts in India to discuss tackling global inflation and supply-chain challenges spurred by the war in Ukraine.

AAP

Host India doesn't want G20 to discuss further Russia sanctions - sources

India does not want the G20 to discuss additional sanctions on Russia for its invasion of Ukraine during New Delhi's one-year presidency of the bloc, six senior Indian officials said on Wednesday, amid debate over how even to describe the conflict.

Reuters

India averse to discussing new Russia sanctions at G20

India does not want G20 nations to discuss additional sanctions on Russia for its invasion of Ukraine, government sources said on Wednesday, as it hosts a meeting of the bloc's finance chiefs at which the United States and allies were set to push for tougher action.

Reuters

G-20 finance chiefs to tackle global economic threats

Top financial leaders from the Group of 20 leading economies are gathering in the south Indian technology hub of Bengaluru to tackle challenges to global growth and stability

The Independent UK

Foreign travellers from G20 nations can now pay via UPI in India: RBI

NEW DELHI: Travellers coming to India can now use United Payments Interface (UPI) for making payments in the country from today, the Reserve Bank of India (RBI) said in an official release on Tuesday.

The Times of India

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The Times of India

G20 host India taps soft power as it champions new world order

BENGALURU: India is set to use this week’s meeting of finance ministers and central bank governors from the Group of 20 nations to try to amplify its influence over developing economies in Asia, Africa and Latin America called the Global South.

Reuters

G7 finance chiefs to meet on Feb 23 to discuss measures against Russia

Financial leaders of the Group of Seven (G7) will meet on Feb. 23 to discuss measures against Russia that will put pressure on it to end the Ukraine war, Japan's Finance Minister Shunichi Suzuki said on Tuesday.

Bangkok Post

Asean sticks to peace agenda in Ukraine

This week marks the first year of Russia's invasion of Ukraine. The biggest war in Europe since World War II will continue as nobody knows when, or if ever, Russia or Ukraine will be defeated. Certainly, the US and Europe, or rather Nato are confident that more military hardware support…

Reuters

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.

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Radio France Internationale

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.

Reuters

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.

Newslaundry

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?”

The Independent UK

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

Labour reveals dossier exposing use of taxpayer-funded debit cards

The Guardian - 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

Daily Mirror

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

The Guardian - UK

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

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