G20

Welcome to our G20 Blog Section, here you will find information and latest news on the G20.

The G20 is an informal group of 19 countries and the European Union, with representatives of the International Monetary Fund and the World Bank. The finance ministers and central bank governors began meeting in 1999, at the suggestion of the G7 finance ministers in response to the global financial crisis of 1997-99.

The Group of Twenty (G20) is an international forum that brings together the world’s 20 leading industrialised and emerging economies. The group accounts for 85 per cent of world GDP and two-thirds of its population.

Much of the important business takes place on the sidelines and in informal meetings.

Membership of the G20 consists of 19 individual countries plus the European Union (EU). The EU is represented by the European Commission and by the European Central Bank. Collectively, the G20 economies account for around 85% of the gross world product (GWP), 80% of world trade (or, if excluding EU intra-trade, 75%), two-thirds of the world population,and approximately half of the world land area.

Below is our list of blogs about G20.

Labuan’s current tax framework must be reviewed: BNM

LABUAN: Bank Negara Malaysia (BNM) Governor Tan Sri Muhammad Ibrahim says the time has come for a review of Labuan’s current tax framework. He said the review is not only to ensure alignment with international best practices but also confirm the continued relevance of such incentives in catalysing new growth areas. “Since the creation of offshore Labuan in the 1990s, the world has drastically changed.What was relevant then is no longer the case now. We have no choice but to…

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IBRD International Bank for Reconstruction and D : Speech at International Economics and Finance Institute Seminar

Vice Minister SHI Yaobin, Leaders of Government agencies, distinguished guests, Ladies and Gentlemen. Good morning. It is a great pleasure to be here, and I want to thank you, Vice Minister SHI and Director General ZHOU Qiangwu for the invitation. Thank you, YANG Yanqing, for the kind introduction. I would also like to express my appreciation to the International Economics and Finance Institute for organizing this seminar on such a relevant and timely topic. I will start with some of…

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Mueller has reportedly filed the first charges in the Russia investigation

AP Photo/J. Scott Applewhite Special counsel Robert Mueller has filed the first charges in the Russia investigation, CNN reported Friday. Mueller is investigating Russia’s interference in the 2016 election, as well as whether anyone in President Donald Trump’s campaign colluded with Moscow. Veteran journalist Carl Bernstein told CNN Friday that Mueller’s latest move could be a signal to other potential defendants.  Special counsel Robert Mueller has filed the first charges in the Russia investigation, and a federal grand jury in Washington,…

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Trump calls San Francisco businessman who wants to impeach him ‘wacky,’ ‘unhinged’

Photo: Michael Macor, The Chronicle Billionaire philanthropist Tom Steyer endorsed Hillary Clinton in the 2016 election. Billionaire philanthropist Tom Steyer endorsed Hillary Clinton in the 2016 election. Photo: Michael Macor, The Chronicle President Donald Trump had some things to say on Twitter about Tom Steyer, the San Francisco billionaire who wants to see Trump impeached. President Donald Trump had some things to say on Twitter about Tom Steyer, the San Francisco billionaire who wants to see Trump impeached. Photo: Twitter Screen Grab Steyer responded…

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4 Signs to Watch at COP23

Two years after the world joined together to forge the Paris Agreement on climate change, representatives from around the globe will convene in Bonn, Germany, on November 6 for the next round of United Nations talks. The summit marks a critical stepping stone for global climate action. This year’s wave of climate-related natural disasters – hurricanes, floods and wildfires in developed and developing countries alike – drives home the urgency to move full speed ahead at the 23rd Conference of…

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Blood Profits: Demonstrators Say G20 Ignore Congo Genocide

[Global: G20 Economic Summit] NORMAN MIWAMBO Reports From The G20 Summit In London, April 3—-Eclipsed by major organized protests over issues such as environmental pollution, were smaller but no less vocal groups who wanted the G20 leaders to address tragedies such as the genocide in Congo. The signs held by these protestors read, “Up-hold Human rights in Ethiopia,” “USA, Sorry No State of Terror in Ethiopia,” and “Congo’s Ignored Genocide; 8.5 Million Dead.” Many of the demonstrators denounced Uganda’s Yoweri…

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China to overtake U.S. as largest air travel market

The China Airlines Boeing 747 carrying Chinese President Xi Jinping arrives at Hamburg Airport for the Hamburg G20 economic summit on July 6, 2017 in Hamburg, Germany.  Sean Gallup/Getty Images The China Airlines Boeing 747 carrying Chinese President Xi Jinping arrives at Hamburg Airport for the Hamburg G20 economic summit on July 6, 2017 in Hamburg, Germany.  Related content SEATTLE (CNNMoney) – China is going to surpass the U.S. as the world’s largest air travel market in the next five…

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Tighter bank regulation won’t stop boom and bust, but it will damage growth and prosperity

Most commentators blame the banks (or “the banksters”) for the global financial crisis of 2008 and the ensuing Great Recession. According to a much-repeated script, in the years running up to the crisis, greedy banks took too much risk and held too little capital in their balance sheets. Further, falls in aggregate spending were caused by a lack of confidence that reflected fragilities in the financial system. Bank failures, notably the Lehman Brothers collapse in September 2008, are seen –…

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John Ivison: With Bombardier intervention, Trudeau scorns his own ‘Think China’ message

A curious but apparently well-sourced Reuters report appeared Thursday, saying the Canadian government facilitated a deal between Bombardier and European plane-maker Airbus for the CSeries jet in order to thwart a potential investment by a state-owned Chinese company. The report, which is not being denied by government officials, said concerns were raised in government when it became known Bombardier was considering a partnership with Chinese jet-maker Comac. The fear in Ottawa was that jobs and technology could be siphoned away…

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How Russia is rewriting rules for cyberspace

The language sounds bureaucratic and harmless, but experts say that if adopted, it would allow Russia to squeeze cyberspace even more. Russia’s cybermeddling in the 2016 US presidential election has been accompanied by what US and European experts describe as a worrisome Kremlin campaign to rewrite the rules for global cyberspace. A draft of a Russian proposal for a new “United Nations Convention on Cooperation in Combating Information Crimes” was recently shown to me by a security expert…

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iPhone X vs Samsung Galaxy Note 8: Which has better business specs?

Dissecting Apple’s new iPhones for business pros With Apple’s iPhone X finally available for pre-order on Friday, Oct. 27, it’s worth looking at how Apple’s flagship and Samsung’s latest Galaxy devices compare for business buyers. When it comes to stacking these phones up against each other, particularly in the consumer space, the raw hardware specs are what usually make one phone stand out against another. However, as I have been quickly learning, although they are good general indicators of technological…

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Foreign Ministry: Seoul, Beijing Discussing Moon’s Visit to China

Talks are ongoing between South Korea and China to arrange President Moon Jae-in’s long-anticipated visit to China and a summit with Chinese President Xi Jinping. Foreign ministry spokesman Noh Kyu-duk told a regular media briefing on Thursday that the two countries reached an agreement in principle about Moon’s Beijing visit during talks between the leaders of the two countries on the sidelines of the G-20 Summit in Germany in July. The spokesman said the two countries are following up on…

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Korea, China in talks over Moon’s visit: foreign ministry

South Korea and China are currently discussing President Moon Jae-in’s possible visit to China for a summit with President Xi Jinping, the foreign ministry said Thursday. “There was an agreement in principle over the president’s China visit during the two leaders’ meeting on the sidelines of the G-20 summit in Germany in July. As a result, related discussion is under way through a diplomatic channel,” Foreign Ministry spokesman Noh Kyu-duk said in a press briefing. The spokesman did not provide…

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Indonesia Becomes the 100th Member of Madrid Union

Geneva  (ABC Live): Madrid Union : In a landmark moment in Madrid System history, the Government of Indonesia has deposited its instrument of accession to the Madrid Protocol with WIPO’s Director General, making Indonesia the 100th member of the Madrid Union. The Protocol will enter into force for Indonesia on January 2, 2018. tarting January 2, local brand owners in Indonesia can file a single international application under the Madrid System to protect their marks in the territories…

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Trump says Clinton team funding for Russia info ‘a disgrace’

Photo: J. Scott Applewhite, AP FILE – In this March 21, 2016, file photo, attorney Marc Elias, one of several lawyers who appeared in the in the case of Wittman v. Personhuballah, stands on the plaza of the Supreme Court in Washington. Hillary Clinton’s presidential campaign and the Democratic National Committee helped fund a political research firm that produced a dossier of allegations about President Donald Trump’s ties to Russia. That’s according to a person familiar with the situation who…

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For Golfers at the Turkish Open, Security Is Paramount

“I remember being on six conference calls in a 36-hour span trying to make sure this event happened,” Andrew Chandler, whose sports marketing firm, ISM, helps run the event, said of the 2016 tournament. “I said, ‘If you want to completely destroy a nation’s tourism industry, that’s all you’ve got to do.’ I said, ‘There’s no reason for it.’” Turkey attracted nearly 40 million foreign tourists at its 2014 peak, according to International Tourist Arrivals. That number dropped to less…

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