G20

Philip Hammond: Many opportunities for closer ties between Britain and China

British leaders are looking to China for trade and investment as they try to fashion a new global role and offset reduced access to the European common market. Chinese officials believe a post-Brexit Britain needs China more than ever but its companies are uneasy about the future of a market they see as one of Europe’s most welcoming. Mr Hammond was in Beijing for an annual “economic dialogue” that has taken on added significance this year. He was accompanied by…

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Ivanka and Melania Trump’s top looks of 2017

Photo: NICHOLAS KAMM/AFP/Getty Images US President Donald Trump and First Lady Melania Trump walk to the stage during the 95th annual National Christmas Tree Lighting ceremony at the Ellipse in President’s Park near the White House in Washington, D.C on November 30, 2017. less US President Donald Trump and First Lady Melania Trump walk to the stage during the 95th annual National Christmas Tree Lighting ceremony at the Ellipse in President’s Park near the White House in Washington, … more…

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Trump’s ‘looking forward’ to G7 summit where Canada will seek U.S. buy-in on ocean protection

OTTAWA—Canada has persuaded the Trump administration to consider backing a climate change-related initiative that it wants to showcase when it hosts the G7 summit next year, The Canadian Press has learned. The June gathering of leaders from the G7 countries at a resort in Quebec’s Charlevoix region will mark U.S. President Donald Trump’s first trip to Canada. Trump has shown disdain for international multilateral groups, disparaging alliances such as NATO, pulling the U.S. out of the Paris climate change agreement…

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Ownership register to stay private

Published Dec 14, 2017 at 12:01 am (Updated Dec 14, 2017 at 6:32 am) Targeted action: Attorney-General Kathy Lynn Simmons (Photograph by Akil Simmons) Bermuda will make its beneficial ownership register public when all members of the G20 are required to do so, Attorney-General Kathy Lynn Simmons said yesterday. She told the Senate the island would “certainly comply” at that point and would, in the meantime, continue to encourage other countries to come up to the level of the “Bermuda…

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We will no longer finance upstream oil and gas after 2019 – World Bank Group

Business News of Thursday, 14 December 2017 Source: rainbowradioonline.com 2017-12-14 World Bank Group The World has announced that it will no longer finance upstream oil and gas after 2019. This was contained in a statement released to announce some new measures taken in line with ongoing support for developing countries the effective implementation of the Paris Agreement’s goals. The statement said: ‘’As a global multilateral development institution, the World Bank Group is continuing to transform its own operations in recognition…

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Jamie Oliver said he would ‘spike’ the US President’s dinner

CHEF Jamie Oliver has pledged to spike Donald Trump’s meal if he is asked to cater for the US President’s UK visit. GETTY CHEEKY: Chef Jamie Oliver said he would not cook for US President Donald Trump if asked The cheeky 42-year-old said: “I’d cook with all of my heart and soul, I’d use all my training as a nutritionist to cook things that really make your a******e loose.” Asked if he would cook for the powerful politician, he said:…

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Push for climate-risk disclosures taken up by 237 companies worth $6.3 trillion in market cap

The task force formed to create a set of voluntary climate-risk disclosure recommendations has more than doubled the number of companies supporting its mission in the five months since it first published its findings. The Task Force on Climate-related Financial Disclosures (TCFD) now has 237 companies with a combined market capitalization of more than $6.3 trillion that have publicly committed to its goals, according to its head, Michael Bloomberg, the former New York mayor and entrepreneur. The TCFD was established…

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World Bank to Stop Financing Oil, Gas Projects

In effort to bolster a global shift to clean energy, the World Bank—which provides financial, advisory and technical support to developing countries—announced it will “no longer finance upstream oil and gas, after 2019.” The announcement was made Tuesday at the international One Planet climate summit called by French President Emmanuel Macron, President of the World Bank Group Jim Yong Kim, and United Nations Secretary-General António Guterres. The World Bank’s plan to stop financing oil and gas exploration and extraction is…

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Uganda has made gains in financial inclusion – Citibank

What is inclusive finance? According to The World Bank’s Global Findex Database, approximately two billion adults are unbanked – lacking ownership of a basic safe and affordable banking account. Inclusive finance encompasses the policies, regulations, financial products and services, and partnerships that aim to achieve universal access to appropriate financial products like savings accounts, payments, insurance, or microloans that support the needs of households and small business. In recent years, through various action plans and initiatives like the Global Partnership…

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2 Years After Paris, the One Planet Summit Aims to Galvanize New Action on Climate Change – Novinite.com

On 12 December 2017, the anniversary of the adoption of the historic Paris Agreement on Climate Change, the world is meeting again in the French capital with the goal of fast forwarding action on climate change. The One Planet Summit – which is bringing together the President of France, the President of the World Bank Group, and the UN Secretary-General, among many other leaders – aims to mobilize new announcements of bold projects and substantial financial commitments to combat climate change. The…

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Yutong serves Fortune Global Forum 2017

Print 2017-12-12 Themed with ‘Opening and Innovation: Shaping the Global Economy’, the Fortune Global Forum 2017 was grandly held in Guangzhou, capital city of Guangdong province, on December 6-8, 2017. It is the largest ever event in the history of Fortune Global Forum. Leaders of global Top 500 companies and multinational corporations as well as government officials gathered in Guangzhou and jointly discussed how to bring new vitality to economic growth with an open mind and innovative approaches. Fortune Global…

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12 Projects That Undermine the One Planet Summit and Put the Climate at Risk

As world leaders and global financial institutions gather for the One Planet Summit on Dec. 12 in Paris, civil society groups have come together under the Big Shift Global campaign to underscore the massive finance gap remaining to shift away from fossil fuels and toward clean energy, in line with the aim of the Paris agreement on climate change to limit warming to below 1.5°C. Monday, these groups released a briefing titled Dirty Dozen: How Public Finance Drives the Climate…

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Is China Playing Its Part in Stabilizing Global Steel Markets?

China’s November Trade Data: Could Metals Close 2017 on a High? PART 2 OF 6 By Mark O’Hara  | Dec 11, 2017 1:53 pm EST Global steel markets China has long been blamed for the global steel industry’s woes. Higher Chinese steel exports amid a sagging domestic demand and massive overcapacity put pressure on global steel markets. Steel overcapacity has been a discussion point in the G-20 (Group of Twenty) summit as well. According to Reuters, during the Berlin ministerial…

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Bank account to be mandatory for Pakistanis going abroad for jobs

The government of Pakistan is considering a host of measures, including mandatory bank accounts for Pakistanis going abroad to work, a senior central bank official said. The government is also planning to offer more benefits to recipients of remittances to discourage illegal channels. “It will be mandatory for all Pakistanis who are going abroad for jobs to have an account in the country. It’s not compulsory now but, I think it will be made mandatory next year,” said Syed Irfan…

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Mandatory bank account for Pakistanis sending remittances home

State Bank of Pakistan aims to attract more foreign exchange through legal channels The government of Pakistan is considering a host of measures including mandatory bank accounts for Pakistanis going abroad for jobs – as well as more benefits for the remittance recipients in order to attract more foreign exchange through legal channels, a senor central bank official said. “It will be mandatory for all those Pakistanis who are going abroad for jobs to have an account in the country.…

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The most powerful news images from 2017 from Getty Images

Photo: AFP/AFP/Getty Images French CRS anti-riot police officers are engulfed in flames as they face protesters during a march for the annual May Day workers’ rally in Paris on May 1, 2017. (Photo credit should read ZAKARIA ABDELKAFI/AFP/Getty Images) less French CRS anti-riot police officers are engulfed in flames as they face protesters during a march for the annual May Day workers’ rally in Paris on May 1, 2017. (Photo credit should read ZAKARIA … more Photo: AFP/AFP/Getty Images Dylan…

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