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The Latest Breaking News from G20

Tax the super-rich, says new report commissioned by G20 chair Brazil

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…

France 24

Global Tax Proposal Targets Billionaires For Wealth Redistribution

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

Top News

International scheme to tax billionaires’ wealth technically feasible, study finds

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

The Guardian - UK

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The UN says global public debt hit a record $97 trillion in 2023. Developing countries are hard hit

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

The Independent UK

The Guardian view on taxing billionaires: we need to talk about the super-rich

Editorial: G20 countries will discuss proposals to make the world’s wealthiest individuals pay more towards funding public goods. The debate is overdue

The Guardian - UK

Mapped: Which countries recognise Palestine as a state?

Out of 193 UN member states, 147 recognise the state of Palestine – as Britain, Australia and Canada take action

The Independent UK

Closing out G-20 Summit most satisfying, forging crucial friendships most significant in his career, says EAM Jaishankar

Mr. Jaishankar spoke on a range of issues in the nearly hour-long interview including his view of the world in 10 years from now, the challenges faced by India, and the rising profile of the country in the international arena under his watch.

The Hindu

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'Stop provocations':China warns Australia over incident

China has fired back at Australia after a dangerous incident over the Yellow Sea, accusing Canberra of provocative behaviour.

AAP

World’s billionaires should pay minimum 2% wealth tax, say G20 ministers

Brazil, Germany, Spain and South Africa sign motion for fairer tax system to deliver £250bn a year extra to fight poverty and climate crisis

The Guardian - UK

Dutton’s plan to save Australia with nuclear comes undone when you look between the brushstrokes

The dystopian picture of renewables painted by the opposition leader is full of inconsistencies, partial truths and misinformation

The Guardian - AU

10 years of Modi: 3 out of 5 girls not in high school, only 37% women in labour force

“We cannot achieve success if 50 percent of our population being women are locked at home,” Prime Minister Narendra Modi is quoted as saying in this press release from March 2023. Women-led development was one of the themes in last year’s G20 summit, which India had presided over.

Newslaundry

World Bank official calls for shake-up of G20 debt relief scheme

Chief economist says common framework has failed to provide any new money to world’s poorest countries since it was set up in 2020

The Guardian - UK

Role played by India during G-20 presidency appreciated at IMF and WB meeting: Seth

“There is a widespread appreciation of Indian presidency of the G-20 in building consensus on several issues,” Ajay Seth said.

The Hindu

Very few women in the race as some of the world’s biggest democracies go to the polls in 2024

2024 elections worldwide lack female contenders; gender gap persists in leadership, highlighting need for more women in power.

The Hindu

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Top News

Brazil's Finance Chief Comments On G20 Economies Adjusting

Brazil's finance chief discusses G20 economies' response to Fed rate cut delays and implications for global financial markets.

Top News

Brazil G20 Momentum: Tax Proposal For Super-Rich

Brazil's proposal to tax the super-rich gains global support to reduce inequality and fund social programs.

The Guardian - AU

Australia rises to second in world budget management rankings, IMF data shows

Treasurer and finance minister hail ‘remarkable achievement’ as monitor finds balance to be behind only Canada among G20 countries

The Guardian - UK

At last G20 is showing how to finance an assault on poverty

Brazilian president Lula’s proposals have the backing of the World Bank. Now we need action

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The Guardian - UK

Lula is styling himself as the new leader of the global south – and shifting attention away from the west

Through the G20, Brazil’s president is challenging the dominance of the richest countries, says Buenos Aires based journalist Jordana Timerman

The Guardian - UK

World’s biggest economies pumping billions into fossil fuels in poor nations

G20 countries spent $142bn in three years to expand operations despite a G7 pledge to stop doing so, study finds

Dynamite News

India needs 1 million fast chargers to become 100 pc electric in 2 and 3 wheelers by 2030: Former NITI Aayog CEO Amitabh Kant

India must go 100 per cent electric in 2 wheeler and 3 wheeler by 2030 and become a global EV manufacturing champion, the G20 Sherpa and former CEO NITI Aayog, Amitabh Kant, said on Saturday. Read further on Dynamite News:

The Times of India

World Health Day 2024: Our healthy future hinges on sustainable antibiotic research

This year’s World Health Day theme of “My Health, My Right” should serve as a wake-up call to take decisive action to preserve precious antibiotics, which are fast losing their efficacy on account of increasingly drug-resistant bacterial strains, making even common infections lethally incurable. A global health threat of alarming…

Top News

Brazil's View On Immunity May Benefit Putin At G20

Brazil's stance on immunity for heads of state raises concerns about potential benefits for Putin at the G20 summit, amidst ongoing tensions between Russia...

International Business Times

Lula, Macron Find Common Ground, Despite Ukraine Shadow

French President Emmanuel Macron and his Brazilian counterpart Luiz Inacio Lula da Silva on Thursday displayed their unity on major global issues, while skirting differences on the war in Ukraine.

International Business Times

France's Macron Heads To Amazon On Three-day Brazil Trip

French President Emmanuel Macron on Tuesday kicks off a visit to Brazil in the Amazon city of Belem, the host of 2025 UN climate talks, where he and Brazilian counterpart Luiz Inacio Lula da Silva will seek to reset frayed ties.

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