The Latest Breaking News from G20

G20 finance ministers are expected to take a first step towards international cooperation on taxing the super-rich Friday, with a deal in Brazil likely to call for individual nations to strengthen their own measures, rather than delivering a set of unified regulations.

The world's richest one percent increased their fortunes by a total of $42 trillion over the past decade, British NGO Oxfam announced ahead of a G20 summit in Brazil where taxing the super-rich is top of the agenda.

Brazil's President Luiz Inacio Lula da Silva on Wednesday will launch a new initiative against world hunger ahead of an upcoming G20 meeting in Rio de Janeiro.

U.S. Treasury Secretary Janet Yellen's presence at the G20 summit in Brazil aims to address subjects on green energy incentives, efforts to tackle debt distress, support for Ukraine and the capacity of China's manufacturing sector.

Spending on health and education being cut as nearly half of budgets are used to pay creditors, campaigners say

In a new report commissioned by Brazil for its G20 presidency, French economist Gabriel Zucman says an international scheme to impose a global minimum tax on the world's richest individuals is technically feasible and that a 2 percent wealth tax on 3,000 billionaires could generate more than $200 billion in…

Brazil's G20 proposal advocates for a 2% global tax on billionaires to address wealth inequality and fund essential public services.

Proposal could net up to $250bn a year in extra revenue, says report commissioned by Brazil for G20

The United Nations is reporting that global public debt rose to a record $97 trillion last year, with developing countries owing roughly one-third of that – crimping their ability to pay for basic government services like health care, education and climate action