G20

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.

Japan Finance Minister Aso says he’s not considering resigning

TOKYO (Reuters) – Japanese Finance Minister Taro Aso said on Tuesday he was not considering resigning over recent scandals involving his ministry, including alleged sexual harassment by a top official and document alterations related to a controversial sale of public land. FILE PHOTO: Japan’s Deputy Prime Minister and Finance Minister Taro Aso arrives at G-20 plenary during the IMF/World Bank spring meeting in Washington, U.S., April 20, 2018. REUTERS/Yuri Gripas Aso was speaking to reporters after a regular cabinet meeting.…

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After weeks of mayhem, US throws aluminum industry a lifeline | Money

US Treasury Secretary Steven Mnuchin speaks during a news conference at the G20 Meeting of Finance Ministers in Buenos Aires, Argentina March 20, 2018. — Reuters pic WASHINGTON, April 24 — After two weeks of convulsions caused by US sanctions against United Co Rusal, the metals market was braced for more mayhem: many traders were betting the Russian aluminum giant was just days away from having to shut plants from Sweden to Jamaica. Yesterday morning, the US Treasury threw a…

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SA is costliest G20 country to send money from

Johannesburg – South Africa is the costliest G20 country to send remittances from, according to the latest World Bank report on remittance prices. In its analysis of trends in remittance service costs, the World Bank said South Africa remains the costliest G20 country to send remittances from in spite of an overall decrease from its peak in the first quarter of 2013, when the cost of sending money from South Africa was more than 20%. In its report for…

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Bank of England prepares for life after Mark Carney

Philip Hammond, UK chancellor, is preparing to fire the starting gun on the process to select the next governor of the Bank of England to replace Mark Carney next year.  The Treasury is expected to publish an advert for the job in July, a year ahead of the end of Mr Carney’s term, and the chancellor said he had already begun looking for candidates in forums such as the International Monetary Fund spring meetings in Washington.  “The formal process has…

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Reality Check: Are you getting enough bank holidays?

Image copyright PA Claim: Labour leader Jeremy Corbyn says the UK has the fewest public holidays of any European Union nation. Verdict: It’s true of England and Wales, but not Scotland or Northern Ireland. Labour leader Jeremy Corbyn’s promising four more public holidays for UK workers if his party wins the next general election, arguing they’re missing out compared with those in other countries. England and Wales currently have eight a year, while Scotland has nine and Northern Ireland has…

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Jeremy Corbyn renews vow to make St George’s Day a bank holiday

Workers would get today off in honour of England’s patron saint if Labour wins power. Jeremy Corbyn will renew Labour’s pledge to make St George’s Day a UK-wide bank holiday if he gets into Downing Street. Speaking today, the Labour leader will also renew his pledge to make bank holidays for St David’s Day (March 1), St Patrick’s Day (March 17) and St Andrew’s Day (November 30). The commitment to create four new bank holidays for the four nations of…

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Corbyn to announce four new bank holidays in St George’s Day speech | Politics

Labour will introduce new bank holidays to mark the patron saints of England, Wales, Scotland and Ireland if it wins the next general election, Jeremy Corbyn is to announce. The party leader will tell a union conference on Monday, which is St George’s Day, that Britain’s workers deserve a day off after eight years of “damaging Tory austerity”. Labour will ask for the support of the devolved governments so that the same four holidays can be enjoyed across the United…

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PM Narendra Modi to visit China from April 27-28 for summit talks with President Xi Jinping

— By K J M Varma  | Apr 23, 2018 07:24 am Prime Minister Narendra Modi to hold summit meeting with Chinese President Xi Jinping from April 27 to 28. PTI Photo (PTI9_17_2014_000127B) Beijing: Chinese President Xi Jinping and Prime Minister Narendra Modi will hold a summit meeting in Wuhan from April 27 to 28. Modi will be visiting the central Chinese city at the invitation of President Xi. External Affairs Minister Sushma Swaraj, who is in Beijing for the two-day…

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‘Today would be a bank holiday if I become PM’, Corbyn to pledge in St George’s Day speech

You would not have to go to work today under a Labour government, Jeremy Corbyn will say in a speech promising four new bank holidays. Mr Corbyn, in a speech on Monday, will confirm St George’s Day would become a bank holiday if Labour win the next election, along with national holidays to mark the patron saints of Wales, Scotland and Ireland. The Labour leader will tell the annual conference of the Communication Workers Union in Bournemouth that, after eight…

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Labour promises four more bank holidays if it wins general election | Politics

Labour will introduce new bank holidays to mark the patron saints of England, Wales, Scotland and Ireland if it wins the next general election, Jeremy Corbyn is to announce. The party leader will tell a union conference on Monday, which is St George’s Day, that Britain’s workers deserve a day off after eight years of “damaging Tory austerity”. Labour will ask for the support of the devolved governments so that the same four holidays can be enjoyed across the United…

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All set for reset, PM Modi and China’s Xi Jinping to hold informal meet this week

Written by Shubhajit Roy , ZEESHAN SHAIKH | New Delhi | Updated: April 23, 2018 4:18:46 am Prime Minister Narendra Modi (L) and Chinese President Xi Jinping (R) shake hands before the welcoming banquet for the BRICS Summit, in Xiamen, China September 4, 2017. (Reuters/Files) In an attempt to complete the “reset” of bilateral ties with China, Prime Minister Narendra Modi and Chinese President Xi Jinping will meet at an “informal summit” in Wuhan, the capital of central China’s Hubei…

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Security issues worry Osaka residents ahead of 2019 G-20 summit

OSAKA – Beginning this month, both the city of Osaka and the prefecture began preparations to host next year’s Group of Twenty leaders’ summit, with political and business leaders forming task forces to help with local assistance and promotional efforts prior to the event. But worries about heavy security in and around the venue and the luxury hotels of northern Osaka, where many world leaders and their delegations are expected to stay, has residents concerned, while neighboring cities like Kyoto…

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Modi, Xi to set the tone on India-China ties for next 15 years: Top updates

Prime Minister Narendra Modi and Chinese President Xi Jinping will hold a summit in China’s Wuhan city from April 27 to 28 for a “heart-to-heart” chat to explore a new paradigm for India-China ties and find ways to address the contentious issues like the border dispute. Prime Minister Modi will be visiting the central Chinese city at the invitation of President Xi, China’s Foreign Minister Wang Yi said at a joint media event with visiting External Affairs Minister…

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Modi goes Rajiv way to fix bilateral issues with Xi, China: Top 10 updates

Prime Minister Narendra Modi and Chinese President Xi Jinping will hold a summit in China’s Wuhan city from April 27 to 28 for a “heart-to-heart” chat to explore a new paradigm for India-China ties and find ways to address the contentious issues like the border dispute. Prime Minister Modi will be visiting the central Chinese city at the invitation of President Xi, China’s Foreign Minister Wang Yi said at a joint media event with visiting External Affairs Minister…

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Modi Xi meet: Modi-Xi to chart a new course for India-China ties at Wuhan summit | India News

BEIJING: Prime Minister Narendra Modi and Chinese President Xi Jinping will hold a summit in China’s Wuhan city from April 27 to 28 for a “heart-to-heart” chat to explore a new paradigm for India-China ties and find ways to address the contentious issues like the border dispute. Conceived on the lines of the ice-breaking visit undertaken by late prime minister Rajiv Gandhi in 1988 and his far-reaching talks with China’s paramount leader Deng Xiaoping, setting a new tone for the…

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Latin America targetted for Jamaican tourism

Members of the Ministry of Tourism and the Jamaica Tourist Board (JTB) who are now in South America to rev up arrivals from the continent, are encouraged by the overwhelming turn out of tourism stakeholders in attendance in Argentina, their first stop on the tour on Thursday. Leading travel media, tour operators, airline executives and travel agents packed into the expansive meeting floor atop one of Argentina’s capital city, Buenos Aires, largest hotels for engagements, organised by JTB and headlined…

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