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The Latest Breaking News from G20

Make no mistake: We no longer live in a stable international rules-based order. The days of unipolarity and global liberalism are over, and we are now facing a confluence of shocks unlike anything most of us have seen in our lifetimes.

Bangkok Post

Russia unable to veto work underway in multilateral bodies like G20, IMF - Treasury

Russia still belongs to the International Monetary Fund and the Group of 20 economies, but has been unable to veto work being done at such multilateral bodies in response to Russia's invasion of Ukraine, a senior U.S. official said on Tuesday.

Reuters

Australia, Indonesia sign economic pledge

Australia and Indonesia have signed an economic memorandum of understanding amid bleak warnings about a future global recession.

AAP

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Saudi Arabia Supports Plans for Integration of Culture to Promote Sustainability, Development

Saudi Minister of Culture Prince Badr bin Abdullah bin Farhan said on Tuesday that Saudi Arabia supports plans for integration of culture as part of the global efforts to promote sustainability and development. His comments came during the 3rd day of the four-day meeting of G20 culture ministers in Borobudur,…

Asharq Al-Awsat

PM Modi may hold bilateral talks with Putin, Raisi

The Prime Minister will reach Samarkand on September 15 for the SCO summit

The Hindu

Morning Digest | India, China confirm withdrawal of troops from PP15 in Ladakh; Queen Elizabeth’s coffin arrives at Buckingham Palace, and more

A select list of stories to read before you start your day

The Hindu

India to hold G20 summit in September 2023

Bangladesh to be the only South Asian neighbour in the list of “guest countries” for the G20 summit

The Hindu

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India to host G-20 Summit in September 2023

India will take over after twice swapping the Presidency of the G20, first with Italy in 2021 and then with Indonesia in 2022. Read more on Dynamite News:

Dynamite News

PM Modi renews invitation to Saudi Crown Prince Mohammed to visit India

External Affairs Minister S. Jaishankar met the Saudi Crown Prince in Jeddah on Sunday and handed over a written message from Prime Minister Modi

The Hindu

Great G20 power, great responsibility

India will have the opportunity to assume centre stage in setting the global agenda

The Hindu

A balancing power: Indonesia needs to focus first on ensuring G20 run smoothly amid great power rivalry

The ongoing war between Russia and Ukraine has threatened the success of this November’s G20 summit in Bali, Indonesia.

The Conversation

India eyes IMF support ahead of G20 presidency

FM flags global challenges including debt, climate change

The Hindu

EXPLAINER: Why is Xi Jinping's Central Asia trip important?

Chinese President Xi Jinping is expected to meet his Russian counterpart Vladimir Putin during a visit to the neighboring Central Asian nations of Uzbekistan and Kazakhstan this month in what would be his first overseas visits since the start of the COVID-19 outbreak in late 2019

The Independent UK

We pay billions to subsidise Australia’s fossil fuel industry. This makes absolutely no economic sense

Fossil fuel subsidies from major economies including Australia reached close to US$700 billion in 2021, almost doubling from 2020, according to new analysis by the International Energy Agency and OECD.

The Conversation

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Asharq Al-Awsat

Saudi Arabia Reiterates Support to Iraq’s Security, Stability

The Saudi government reiterated Riyadh’s support to everything that would ensure the security and stability of Iraq. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the government meeting that was held in Jeddah. King Salman briefed the ministers on the message he received from China’s President Xi…

Asharq Al-Awsat

Saudi Arabia Seeks to Support Future Economies, Bridge Digital Divides

Eng. Abdullah Al-Swaha, Saudi Minister of Communications and Information Technology, said on Thursday the Kingdom has taken bold steps to support future economies and innovation. The minister revealed efforts to bridge the digital divide and to foster green energy projects in the northwestern NEOM region. He stressed that the Kingdom’s…

Reuters

Indonesia says G20 meeting fails to agree communique on adopting cleaner energy

A meeting of the Group of 20 major economies failed on Friday to produce a formal communique after talks on energy transition, but chair Indonesia said members had backed a non-binding proposal to speed up adoption of cleaner energy.

Bangkok Post

Averting debt disaster in the developing world

Many developing countries are teetering on the edge of a debt crisis, with the Covid-19 pandemic, soaring food and energy costs, and the monetary tightening of major economies all threatening to push them over. But the international community has yet to do what is necessary to pull at-risk countries back…

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Glasgow Live

New art exhibition opens in Glasgow's west end to bring artists' work back to local community

The G20 Artist Collective was established in January 2022 following two years of lockdowns, comprising 14 selected artists and includes painters, photographers, performers, fine artists, and jewellery makers.

ABC News

French President Emmanuel Macron plans Australian visit one year on from submarine spat with Morrison government

The ABC has learnt officials have begun preparing for a visit scheduled to occur after Mr Macron and Prime Minister Anthony Albanese join world leaders at the G20 summit in Bali.

Reuters

Zambia wins IMF board approval for $1.3 billion loan program

Zambia won International Monetary Fund approval for a $1.3 billion, 38-month loan program on Wednesday, a crucial step in the southern African country's quest to restructure its debts and rebuild an economy ravaged by mismanagement and COVID-19.

ABC News

'Nature credits' could make Australia the 'Green Wall Street' for the world, Tanya Plibersek says

Environment Minister Tanya Plibersek tells a G20 meeting that Australia hopes to create its own "Green Wall Street", where businesses from around the world can come to invest in environmental action. So what does this mean, and what could go wrong?

The Hindu

Climate crisis: India showing intent as problem solver, says Bhupender Yadav at G20 meet

Mr. Yadav also said the primary responsibility for the transition towards net-zero emissions rests with those who have historically accounted for most of the accumulated greenhouse gas concentrations in the atmosphere.

Reuters

G20 climate talks in Indonesia fail to agree communique

Officials from the Group of 20 major economies meeting on Wednesday for climate talks in Bali have been unable to agree a joint communique, amid objections over language used on climate targets and the war in Ukraine, two sources told Reuters.

The Independent UK

G20 environment ministers in Bali spur global climate action

Environment officials from the Group of 20 leading rich and developing nations are gathering in Indonesia for talks to spur global climate action and other troubles

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