G20 Meetings

Leaders of the Group of 20 major economies were set to meet on Monday in Brazil for their annual summit, bracing for a shift in the global order with the return to power of US president-elect Donald Trump. Discussions of trade, climate change and international security will run up against sharp US policy changes that Trump vows upon taking office in January, from tariffs to the promise of a negotiated solution to the war in Ukraine. While U.S President Joe Biden arrives as a lame duck with just two months remaining in the White ...

British Prime Minister Keir Starmer will meet Chinese President Xi Jinping on the sidelines of the G20 summit in Rio de Janeiro on Monday, his office said in a statement on Sunday. Starmer will call for Britain and other major economies to engage with China “pragmatically” on areas of mutual cooperation, including international stability, climate and growth, Downing Street added. The prime minister will, however, be firm on “the need to have honest conversations on areas of disagreement.” The meeting with Xi will be a first for ...

Finance ministers from leading rich and developing nations gathered in Rio de Janeiro on Thursday for a two-day meeting to discuss a global tax on the super-rich, a top priority for Brazil, which holds the presidency. According to the proposal before the Group of 20, individuals with over $1 billion in total assets would be required to pay the equivalent of 2% of their wealth in income tax. Brazil’s Finance Minister Fernando Haddad told reporters that the final declaration will mention a proposal to tax the super-rich, but he didn’t ...

Group of 20 finance chiefs are set to end their meeting in Sao Paulo without agreement on a closing communique, amid divisions over how to refer to the conflicts in Gaza and Ukraine, according to people familiar with the matter. In the event of a failure to achieve consensus, host nation Brazil will likely issue what’s known as a chair’s statement instead, the people said, asking for anonymity to talk about ongoing discussions. The text that’s set to form the basis of such a declaration, obtained by Bloomberg News, makes reference to ...

Leaders of the US, India, Saudi Arabia, the UAE and the EU have agreed to work together to establish a multinational rail and shipping corridor connecting south Asia to the Middle East and Europe. The initiative, announced on the sidelines of the G20 summit in New Delhi on 9 September, could act as a counter to China's growing influence across the energy-rich Middle East. The India–Middle East–Europe Economic Corridor (IMEC) is "expected to stimulate economic development through enhanced connectivity and economic integration between ...