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The Latest Breaking News from G20

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

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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

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…

Asharq Al-Awsat

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.

Reuters

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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…

Bangkok Post

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.

Glasgow Live

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.

ABC News

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.

Reuters

'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?

ABC News

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.

The Hindu

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.

Reuters

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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

Glasgow Live

Glasgow Lives: Connie, 29, West end, Visual Artist and Founding Member of G20 Collective

Tonight Connie talks about her love of art ahead of inaugural exhibition for the G20 Collective that opens next week on Byres Road.

Asharq Al-Awsat

IMF: Saudi Arabia Reaping Benefits of Transparent Economic, Financial Policies

Saudi Arabia is reaping the fruits of success after implementing transparent economic and financial policies, good management of the coronavirus crisis and carrying out economic reforms that have led to increased job opportunities and continued improvement in living standards, revealed IMF Mission Chief for Saudi Arabia Amine Mati. The Kingdom’s…

The Conversation

Iriana also plays roles: Indonesia's first lady diplomacy complements Jokowi's effort as G20 president

Indonesian President Joko “Jokowi” Widodo attracted global attention when he paid a visit to Ukraine and Russia last month. But fewer observers and public noticed that his wife, First Lady Iriana Widodo, also accompanied him on the trip – including to Kyiv, the city currently deemed as the world’s most…

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The Times of India

Finance minister Nirmala Sitharaman meets US deputy treasury secretary, discusses global economy

NEW DELHI: Finance minister Nirmala Sitharaman on Friday met US deputy treasury secretary Wally Adeyemo and exchanged views on global economic and financial sector issues.

The Hindu

Net zero can boost India’s GDP, says report

By reaching target by 2050, India can boost annual GDP by as much as 7.3% and create nearly 20 million additional jobs by 2032, it says

The Independent UK

Liz Truss accused of being ‘absent from duties’ as foreign secretary during Tory leadership race

Truss has made ‘mockery’ of office, say Lib Dems – pointing to two bilateral calls in 46 days

Reuters

EU to urge big polluters to toughen climate pledges by COP27 summit - draft

The European Union will urge the world's biggest economies to improve their targets to fight climate change ahead of this year's U.N. climate summit and warn that states' current efforts fall short, according to a draft document seen by Reuters.

The Hindu

Heading the G20 and New Delhi’s choices

With geopolitical currents redefining geo-economics, India needs to be ready to emerge as the chief global diplomat

Reuters

Russia calls Britain hypocritical for questioning its right to sit at G20

Russia's embassy in London on Monday called Britain hypocritical for a statement by its foreign ministry last week that questioned Russia's "moral right" to sit at the Group of 20 nations.

Reuters

Russia has no moral right to sit at G20, says Britain

Russia has no moral right to sit at the Group of 20 nations while it presses on with its invasion of Ukraine, a spokesperson for Britain's foreign ministry said on Friday.

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