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The Latest Breaking News from G20

China says G20 is not an appropriate forum to discuss Ukraine issue

The G20 grouping of nations is not an appropriate forum to discuss the Ukraine issue, a spokesperson for China's foreign ministry told a regular news conference in the Chinese capital on Tuesday.

Reuters

Crown Prince: Saudi Economy to Grow Around 7% in 2023

Saudi Arabia's economy is expected to grow around 7% in 2023, Crown Prince Mohammed bin Salman said. “Next year, the whole economy is going to grow by almost 7%, he said. "Saudi is not a small country, it's a G20 country growing fast. So where is the potential in the…

Asharq Al-Awsat

Saudi Crown Prince Says There’s an Opportunity to Boost Interests with US or Downgrade Them

Saudi Crown Prince Mohammed bin Salman said the Kingdom has “a long, historical relationship with America” and that there’s “a huge opportunity to boost” all interests. “And there is also a big possibility it could be downgraded in many areas,” he said. “Whether you want to win in Saudi Arabia…

Asharq Al-Awsat

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Only 6% of G20 pandemic recovery spending ‘green’, analysis finds

Analysis of the G20 fiscal stimulus spending counters many countries pledges to ‘build back better’

The Guardian - UK

Morrison would favour expelling Russia from G20, as Australia provides $105 million for Ukraine assistance

Scott Morrison has announced A$105 million in a package of military and humanitarian assistance for Ukraine, and flagged he would support Russia being thrown out of the G20.

The Conversation

Death toll rises to 10 as bodies found in Lismore and Glen Esk – as it happened

This blog is now closed

The Guardian - AU

Canada's Freeland strays from G20 economic script to warn Russia on Ukraine - sources

Canadian Finance Minister Chrystia Freeland stepped well beyond economic policy at a G20 finance meeting on Friday to issue an "impassioned" warning to her Russian counterparts not to invade neighboring Ukraine, two sources familiar with her remarks said.

Reuters

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Hard data blows apart UK rhetoric on leading the way to a green economy

Even if the optimists are right and the picture is brighter than the ONS suggests, there’s still a long way to go

The Guardian - UK

India calls for more multi-lateral funding to prepare for future pandemics

India on Thursday urged the world's biggest 20 economies (G20) to make joint efforts to ensure increased multi-lateral funding by global institutions including the International Monetary Fund to prepare for future pandemics.

Reuters

WHO calls for strengthened role as U.S. proposes new pandemic fund

Efforts to strengthen global health security will only succeed if the role of the World Health Organization (WHO) is enhanced, the agency's head said on Thursday, as its biggest donor, Washington, proposed a new global pandemic prevention fund.

Reuters

Australia tells G20 of Ukraine concerns

Treasurer Josh Frydenberg has told G20 finance ministers of Australia's deep concerns regarding the Ukraine crisis at a meeting in Jakarta.

AAP

Widodo: Now is not time for geopolitical tension

JAKARTA: Indonesian President Joko Widodo on Thursday called for collaboration between countries to promote a global economic recovery and said now was not the time to create geopolitical tensions, such as the situation happening in Ukraine.

Bangkok Post

G20 finance chiefs to discuss Ukraine this week - German official

Finance chiefs from the Group of 20 leading economies will discuss the Ukraine crisis this week but it is unclear whether they will issue a joint statement with a political signal or simply exchange views, a German government official said on Wednesday.

Reuters

Sources: Planned Meeting of G7 Finance Officials Delayed Until March

This week's meeting of finance officials from the Group of Seven advanced economies has been delayed until March 1, two sources familiar with the plans said on Tuesday night. Finance minister and central bankers from the United States, Britain, Germany, France, Italy, Canada, Japan and the European Union were due…

Asharq Al-Awsat

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AAP

Treasurer heading to Jakarta for G20

Treasurer Josh Frydenberg is heading to Jakarta for a G20 finance ministers meeting over February 17 and 18.

The Canberra Times

Treasurer heads to Indonesia for G20 economic talks

Federal Treasurer Josh Frydenberg is jetting off to Indonesia for his first G20 visit in two years.

The Hindu

Cabinet approves Secretariat for 2023 G20 summit

An ‘apex committee’ will be headed by PM

Reuters

Indonesia to urge G20 to establish global health fund

Indonesia will urge the Group of 20 leading economies to establish a global body that can dispense emergency funds during a health crisis, functioning in a similar way to international financial institutions, its health minister said on Friday.

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Bangkok Post

Richest nations urged to lead on nature protection

KUALA LUMPUR: The world's 20 richest nations should more than double their annual spending to protect and restore nature to US$285 billion by 2050, the United Nations and donors said on Thursday, calling for private and overseas investments to be ramped up too.

Asharq Al-Awsat

Saudi Finance Minister: Governments Should Allocate Budget for Crisis, Risk Management

Saudi Minister of Finance Mohammed Al-Jadaan has said that governments should study long-term solutions, such as allocating budgets for risk and crisis management worldwide. In the “Building Future Preparedness” panel, during the World Economic Forum, Al-Jadaan added that the G20 represents 80% of the world.

The Independent UK

Indonesia wants to use G20 presidency to aid COVID rebound

Indonesia’s leader says the country that holds the presidency of the Group of 20 biggest economies this year is seeking to strengthen global partnership to aid the economic recovery from COVID-19

The Conversation

Indonesia will take a big step on the global stage this year – are Australians paying enough attention?

Many Australians are probably unaware that neighbouring Indonesia has assumed the G20 presidency and will host the crucial meeting of the world’s largest economies for the first time in October.

Asharq Al-Awsat

Saudi Arabia Records Highest Growth Levels among the G20 Countries

The IHS Markit Index predicted that the Saudi Arabian economy will record the highest growth levels among the G20 countries in the fourth quarter of 2021, a wide gap of about 4.5 percent from its closest competitor, Italy. The achievement reflects the efficiency of the economic reforms taken by the…

The News Lens

Australia Has a Solution to Indonesia’s Soaring Food Prices

As Indonesia takes the G20 presidency solving the country’s food security crisis should be top of the agenda.

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