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G20 leaders have formally endorsed the global agreement for a minimum 15 percent corporate tax, US Treasury Secretary Janet Yellen said Saturday, hailing it as a “historic” step. “Today, every G20 head of state endorsed an historic agreement on new international tax rules, including a global minimum tax that will end the damaging race to the bottom on corporate taxation,” she said. Some 136 countries representing more than 90 percent of global GDP have signed […]
UNITED NATIONS, United States (AFP) – UN Secretary-General Antonio Guterres and British Prime Minister Boris Johnson will host a closed-door meeting of world leaders Monday on the sidelines of the General Assembly in New York to boost climate commitments. The roundtable comes less than six weeks before a major United Nations climate meeting, COP26, in Glasgow, aimed at ensuring the world meets its goal of holding century-end warming to 1.5 degrees Celsius. “UNGA is the […]
Blinken cites US $2B pledge for COVAX, add’l 500M Pfizer doses to other countries by Shaun TANDON / Gildas LE ROUX Agence France Presse MATERA, Italy (AFP) — The United States led calls at a G20 meeting Tuesday for greater global cooperation in light of the coronavirus crisis as China insisted that multilateralism should not just be a slogan. Italy welcomed foreign ministers of the Group of 20 major economies to the southern city […]
by Anuj Chopra Agence France Presse RIYADH, Saudi Arabia (AFP) — G20 leaders said Sunday they will “spare no effort” to ensure fair distribution of coronavirus vaccines, but the united front was punctured by Germany’s Angela Merkel who voiced concern about slow progress. At a virtual summit hosted by Saudi Arabia, the world’s richest nations pledged resources to shore up the pandemic response, and to support poor countries whose economies have been ravaged by the […]
by Anuj Chopra RIYADH, Saudi Arabia (AFP) — Saudi Arabia hosts the G20 summit Saturday in a first for an Arab nation, but the scaled-down virtual format could limit debate on a resurgent coronavirus pandemic and crippling economic crisis. The two-day meeting of the world’s wealthiest nations follows a bitter US election the results of which remain disputed by President Donald Trump and comes amid criticism of what campaigners call the group’s inadequate response to […]
TOKYO, Japan (AFP) — Retailers in Japan began charging for plastic bags Wednesday, a move aimed at curbing Japanese consumers’ love for packaging and finally bringing the country in line with other major economies. Shops including the ubiquitous convenience stores can decide how much to charge customers for the bags, with a common price being three yen (around three US cents). The new rule seemed to be having some effect, with one shopper telling public […]
RIYADH, Saudi Arabia (AFP) — G20 agriculture ministers on Tuesday pledged to ensure “sufficient” global food supplies amid the coronavirus pandemic as the UN warned the number of people facing acute hunger globally could nearly double. “We will work together to help ensure that sufficient, safe, affordable, and nutritious food continues to be available and accessible to all people, including the poorest, the most vulnerable, and displaced people,” said the ministers from the 20 most […]
RIYADH, Saudi Arabia (AFP) — The coronavirus pandemic has exposed “systemic weaknesses” in global health systems, the G20 said Monday, but there was no mention of Washington’s contentious decision to halt World Health Organization funding. The statement came after health ministers from the 20 most advanced economies held a virtual meeting on Sunday hosted by the group’s current president Saudi Arabia following criticism the institution was slow to address the pandemic. “Health Ministers recognized that […]
by Boris CAMBRELENG Agence France Presse PARIS, France (AFP) — Rich nations appeared Tuesday to be moving towards a temporary debt relief deal to help poor countries weather the coronavirus pandemic. Finance ministers and central bankers from G7 countries said Tuesday they favor a temporary halt to debt payments from the world’s poorest countries, but only if G20 governments also agree. Noting that poor countries face the most hardship in trying to deal with the […]
RIYADH, Saudi Arabia (AFP) — Saudi Arabia’s King Salman on Thursday urged G20 leaders to take “effective and coordinated” action to combat the global crisis triggered by the coronavirus pandemic and called on them to assist developing nations. While wealthy nations including the US have unveiled mammoth stimulus packages, there has so far been no collective action plan from the G20, and it has been criticized for its slow response. In opening remarks as G20 […]
RIYADH, Saudi Arabia (AFP) — Saudi Arabia’s King Salman will chair an emergency virtual summit of leaders from the Group of 20 major economies on Thursday to discuss a global response to the coronavirus pandemic. World leaders, including Russian President Vladimir Putin, will take part in the talks which the Kremlin said will take place by videoconference. “King Salman will chair the meeting to advance a coordinated global response to the COVID-19 pandemic and its […]
by Patrick GALEY Agence France-Presse PARIS, France (AFP) — Rich nations are funneling cash through government-backed financial institutions to provide $30 billion to fossil fuel projects each year that “run counter to the Paris Agreement”, a new analysis showed Thursday. The export credit agencies (ECAs) of G20 countries currently provide more than 10 times more state-backed finance to oil, gas and coal projects abroad than they do to renewable energy schemes, the analysis said. […]
