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.

Ivanka Trump drew media praise – Until she and her father got new jobs

Before her father became president, Ivanka Trump received overwhelmingly positive coverage in the media as a successful business executive who combined career, marriage and motherhood. There were complimentary stories about her in Marie Claire, Forbes, Vogue and other publications, including articles headlined: “Thank God: Ivanka Trump Is Redefining the Idea of the ‘Working Woman’;” “Ivanka Trump Celebrates #WomenWhoWork with a Bold New Business Venture;” and “Ivanka Trump knows what it means to be a Modern Millennial.” In 2014, Ivanka Trump…

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Trump might devalue dollar as weapon in trade war, JPMorgan economist says

With the US waging a trade war on several fronts, economists are starting to take seriously the idea that US President Donald Trump could act on his preference for a weak dollar. “While not our base case scenario, we cannot rule out a turn toward a more interventionist currency policy, particularly since the current administration has, at times, hinted at a preference for dollar weakness or objected to perceived Chinese currency manipulation,” Michael Feroli, JPMorgan Chase & Co’s chief US…

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Is Japan Finally Turning Away From Coal?

Sumitomo Mitsui Trust Bank and Nippon Life start the race to move beyond coal in Asia. By Marie Tanao for The Diplomat July 28, 2018 Japan has a coal problem. The country’s dependence on fossil fuels has been growing since the March 2011 Great East Japan Earthquake and consequential Fukushima Daiichi nuclear disaster, which led to understandable widespread public opposition to nuclear energy. However, rather than taking the opportunity to set the course for a swift transition to renewable energy,…

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U.S. Treasury proposes tax rules on pass-through businesses

WASHINGTON (Reuters) – The U.S. Treasury on Wednesday proposed tax regulations for a new 20 percent income tax deduction for owners of businesses organized as pass-through entities, including rules to prevent the measure from becoming a tax loophole for wealthy Americans. FILE PHOTO: U.S. Secretary of the Treasury Steven Mnuchin arrives for a news conference at the G20 Meeting of Finance Ministers in Buenos Aires, Argentina, July 22, 2018. REUTERS/Marcos BrindicciREUTERS/ /File Photo Senior Treasury officials said the regulations are…

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Put FDI on G20 agenda for sustainable growth

WHILE much of the world’s attention is focused on the economic damage being wrought by US President Donald Trump’s trade wars, global trade’s twin — foreign direct investment — has largely been neglected. And yet, with FDI flows valued at US$1.43 trillion in 2017 — on top of the US$28 trillion already invested — how these flows are managed matters. International investment has become an important source of external finance for many countries; for developing economies, in particular, FDI can…

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AHF Urges G20 Countries to Do More on Global Public Health

Civil society health organizations, experts and world leaders meeting this week at the C20 (Civil 20) Summit in Buenos Aires urge G20 governments to incorporate key public health topics into the November 2018 G20 Summit agenda. “The G20 has more power to achieve an impact on international development than any other world organization,” said Dr. Jorge Saavedra, Executive Director of the AIDS Healthcare Foundation (AHF) Global Public Health Institute at the University of Miami. “As a whole, the G20 represents…

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Dissecting Donald Trump Jr.’s red-herring-filled defense of the Trump Tower meeting

Donald Trump Jr. walks off Air Force One in Great Falls, Mont., last month. (Jim Watson/AFP/Getty Images) by Aaron Blake August 7 at 10:31 AM Email the author On Monday, Donald Trump Jr. offered his first defense of the Trump Tower meeting in months. Appearing on Fox News host Laura Ingraham’s radio show, Trump Jr. responded to new questions raised by a tweet in which President Trump conceded explicitly for the first time that the purpose of the meeting with…

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Donald Trump winning the trade war? He wishes, says Chinese newspaper – National

Chinese state media kept up their criticism of U.S. President Donald Trump’s trade policies, with a newspaper on Tuesday describing as “wishful thinking” Trump’s belief that a fall in Chinese stocks was a sign of his winning the trade war. As the world’s two biggest economies remained locked in a heated tariff dispute, Beijing and Washington have kept up a blistering rhetoric with threats and counter-threats of more punitive trade measures. Coverage of global trade wars on Globalnews.ca: Trump administration…

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Trade war threats give fresh purpose to Brics

China’s President Xi Jinping, left, walks with South African President Cyril Ramaphosa after a joint press conference at the government’s Union Buildings in Pretoria, South Africa. Johannesburg: Chinese President Xi Jinping said a global trade war should be rejected as it would leave no winner, calling on the Brics nations to reject unilateralism in the wake of tariff threats by US President Donald Trump. “We should be resolute in rejecting unilateralism,” Xi said yesterday at the opening ceremony of the…

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‘BRICS offers innovations for global sustainable development’: South African envoy

Against an onslaught of protectionism, the five major world emerging economies that comprise BRICS are strengthening cooperation in defense of multilateralism and free trade, and further preparing for the “fourth industrial revolution,” according to South Africa’s top envoy to Korea. South Africa assumed the rotating annual presidency of BRICS — Brazil, Russia, India, China and South Africa — on Jan. 1 this year, which lasts through Dec. 31. It hosted the 10th BRICS Summit in Johannesburg from July 25-27, where…

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Kazakh citizens’ foreign bank account, property information to be made available starting in 2020

ASTANA – A multilateral agreement was signed 26 June by the Kazakh Ministry of Finance’s State Revenue Committee Chairman Ardak Tengebayev, granting Kazakhstan the opportunity to exchange financial account information and jurisdictions in 102 countries starting in 2020. Photo credit: Kazpravda.kz. The agreement was made possible by the adoption of a single standard for the provision of information among participating countries. The standard was developed by the Organisation for Economic Cooperation and Development (OECD) and G20 countries to address issues…

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Why the G20 can still make a world of difference

Group can play a leading role in addressing and overcoming issues that plague countries While much of the world’s attention is focused on the economic damage being wrought by US President Donald Trump’s trade wars, global trade’s twin – foreign direct investment – has largely been neglected. And yet, with FDI flows valued at $1.43 trillion in 2017 – on top of the $28 trillion already invested – how these flows are managed matters. International investment has become…

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Why US LNG Can’t Hold a Candle to Russian Gas Supplies in Europe

Fresh Gazprom figures show that total gas exports to non-Commonwealth of Independent States countries hit 19.5 billion cubic meters in July, a new company record. The figures bring total sales over the first seven months of 2018 to 117.1 billion cubic meters, or 5.8% more than last year’s showing. Sales to Europe grew significantly, with exports to Poland rising by 6.6%, exports to France and Denmark up 11.8% and 11.9%, respectively, exports to Germany up 12.3%, and exports to Croatia, Austria and the Netherlands up by a whopping 40.1%, 48.3% and 53.8%, respectively. Gazprom expects to match and…

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US-China Trade War Not the Only Headwind For Asia

The U.S.-China trade spat is not the only headwind for Asia, with analysts warning of a looming slowdown ahead for the world’s most economically dynamic region. Can Asia ride out the storm? In the latest escalation, U.S. President Donald Trump rattled already nervous financial markets by threatening to impose tariffs on up to $500 billion worth of Chinese imports. “We’re down a tremendous amount,” Trump said Friday in an interview with CNBC. “I’m ready to go to 500.” Enjoying this…

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