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The Latest Breaking News from G20

Reeves promises ‘reset for our economy’ as she prepares for first Budget

The Chancellor said she will make the UK ‘a rock of economic stability’.

The Independent UK

Australia facing further economic troubles

Australia is facing ongoing economic challenges as Labor holds out hope interest rates will come down before the federal election.

AAP

Lula and Petro have the chance of a lifetime to save the Amazon. Can they unite idealism and realpolitik to pull it off?

The South American leaders are in the spotlight as they prepare to host this week’s Cop16 biodiversity summit, November’s G20 meeting and next year’s Cop30 climate summit

The Guardian - UK

From analysis to the latest developments in health,
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Timeline of tensions: How India-Canada relations soured

Tensions between the two countries were brewing long before the latest diplomatic spat.

Al Jazeera

Foreign aid for fossil fuel projects quadrupled in a single year

With clean air projects receiving just 1% of aid, activists say nations ‘cannot continue polluting practices at expense of climate stability’

The Guardian - UK

G20 environment ministers back funding for forest conservation

Environment ministers of the Group of 20 nations agreed Thursday to support the creation of funding sources for ecosystem services, acknowledging Brazil’s proposal to establish a trust fund for forest conservation

The Independent UK

Waiving the Filibuster to Pass a National Abortion Bill Is a Bad Idea

Democrats will live to regret doing this if they have the votes to do it.

Reason

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Easing Africa’s debt burdens: a fresh approach, based on an old idea

The statistics are stark: 54 governments, of which 25 are African, are spending at least 10% of their revenues on servicing their debts; 48 countries, home to 3.3 billion people, are spending more on debt service than on health or education.

The Conversation

How consumer behavior is driving the B2B payments industry

With instant access permeating consumer life, people now expect the same from B2B payment technologies.

TechRadar

G20 countries turning backs on fossil fuel pledge, say campaigners

Promise to ‘transition away from fossil fuels’ made at Cop28 climate talks has been left out of draft resolutions

The Guardian - UK

Not a wobbly walk but fine balance: India’s Ukraine stance has always been clear

The latest phone conversation between Russian President Vladimir Putin and Indian Prime Minister Narendra Modi comes close on the heels of the PM’s visit to Ukraine three days ago, his visit to Russia last month, and a day after his phone call with US President Joe Biden. It also comes…

Newslaundry

It’s August 2024 – and our world is at a turning point. Here’s what we should do now

I see looming political and environmental threats – and too few willing to address them. Where is the urgency, asks former UK prime minister Gordon Brown

The Guardian - UK

No more fiscal favours? Calls to tax super-rich gain traction around world

Even rightwing governments are joining in with G20-led push to make wealthy pay, with Italy doubling flat tax on foreign income

The Guardian - UK

Brazil led the way. Now the UK should get behind the assault on hunger and poverty

At its recent summit, Lula gave the G20 a chance to show its commitment to real change – and Britain can take the lead, says Kevin Watkins

The Guardian - UK

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The Guardian - UK

Who is brave enough to back Brazil’s global tax on billionaires? The answer will define our future

It would raise $250bn to help offset some of the damage the super-rich cause. Yet they’ll do everything to stop it in its tracks, says Guardian columnist George Monbiot

The Independent UK

G20 finance ministers agree to work toward effectively taxing the super-rich

Finance ministers from leading rich and developing nations have agreed to strive toward effectively taxing the super-rich

International Business Times

G20 Seeks Common Ground On Taxing Super-rich

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.

Radio France Internationale

World's richest one percent made over $40 trillion in a decade, says Oxfam

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.

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The Independent UK

Rachel Reeves set to unveil £20bn black hole in public finances

Fears that the chancellor may need to consider further tax rises as she is set to reveal bad news on public finances

International Business Times

US Sees No Need For Global Deal To Tax Super-rich: Yellen

The United States sees no need to negotiate an international agreement on taxing the super-wealthy, Treasury Secretary Janet Yellen said Thursday on the sideline of a G20 finance ministers' meeting.

International Business Times

In Rio, G20 Finance Ministers To Mull Taxing The Super-rich

Faced with growing global inequality, G20 finance ministers meeting Thursday in Rio de Janeiro will tackle the thorny issue of taxes for the super-rich, a topic that has divided member states.

International Business Times

World's Richest 1% Gained $40 Tn In A Decade: Oxfam

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

International Business Times

Lula Rallies G20 Countries Against World Hunger Ahead Of Meeting

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.

International Business Times

Yellen To Address G20 Finance Leaders On US Policy Commitments After Biden's Withdrawal From Presidential Race

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.

The Guardian - UK

Developing countries face worst debt crisis in history, study shows

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

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