G20
Leaders from Germany and Spain are calling for a global tax on billionaires to help tackle the costs of the climate crisis. Brazil, which chairs the G20 group of the world’s largest economies, first proposed a tax on the super-rich at a meeting of finance ministers in February. Now, finance chiefs from Germany, Spain and South Africa have joined Brazil in fleshing out the proposal which could see the world’s 3,000 billionaires made to pay a minimum 2 per cent levy on their wealth. “It is time that the international community gets serious about tackling inequality and financing global public go...
Euronews (English)
Global stock markets are on track for their third consecutive week of decline amidst escalating tensions in the Middle East conflict. Reports of explosions in Iran have further fuelled concerns, deepening losses across major world benchmark indices. As risk aversion sentiment prevails, investors are flocking to traditional safe-haven assets such as gold, silver, government bonds, and the US dollar. The Japanese Yen and the Swiss Franc have also seen significant spikes as investors seek refuge. Additionally, crude oil prices surged over 3%, with Brent futures surpassing $90 per barrel following...
Euronews (English)
Stephen Fry, Richard Curtis, Annie Lennox and Forest Whitaker are among a host of celebrities who have written to G20 leaders calling for a reform to debt and climate crises across the world. The letter was sent ahead of this week's Spring Meetings of the International Monetary Fund and the World Bank Group. In their open letter, the leading actors, politicians, artists and economists wrote: "80 years on, we need another Bretton Woods moment," referring to the establishment of the International Monetary Fund (IMF) and World Bank. The "institutions of world finance have lost their muscle", they...
Euronews (English)
Pressure is mounting for global financial reforms to help developing nations tackle climate change. An open letter was sent to G20 leaders ahead of annual World Bank and International Monetary Fund (IMF) meetings this week. It urges them to end “crippling debt” for developing nations and introduce new measures to “make polluters pay”. Signatories include the former Prime Minister of Denmark Helle Thorning-Schmidt, Former Prime Minister of New Zealand Helen Clark, Paris Agreement architect Christiana Figueres as well as celebrities and other influential figures. The more than 100-strong group o...
Euronews (English)
By Valérie LEROUX Brasilia (AFP) - Les présidents français Emmanuel Macron et brésilien Luiz Inacio Lula da Silva ont affiché jeudi leur entente sur les grands enjeux internationaux, minimisant même leurs divergences sur la guerre en Ukraine. Un accueil à la fois solennel et chaleureux au palais présidentiel de Brasilia, bâtiment et ville modernistes signés de l'architecte Oscar Niemeyer: la visite d'Etat de trois jours de M. Macron chez le géant latino-américain s'est conclue en actant le partenariat tous azimuts et l'"intimité diplomatique" entre les deux pays, selon l'expression employée me...
AFP (Français)
The finance ministers of the leading industrialized and emerging economies (G20) failed to agree on a joint final declaration at their meeting in São Paulo due to disagreements over the war in Ukraine. Instead, Brazil, which holds the presidency, published its own summary, dpa's correspondent learned from negotiating circles on Thursday. In this summary, the wars in Ukraine and Gaza are only mentioned in a footnote. The ministers addressed ongoing conflicts and humanitarian crises and emphasized Ukraine and Gaza in particular, the footnote says. However, Brazil, as the host of the G20 meeting,...
DPA Breaking News
By Louis GENOT Sao Paulo (AFP) - La première réunion de l'année des ministres des Finances du G20 s'est achevée jeudi à Sao Paulo sans parvenir à un communiqué conjoint, en raison de "l'impasse" créée par les divisions sur les guerres en Ukraine et à Gaza. Le Brésil, qui depuis décembre est à la tête du groupe, a un programme ambitieux pour combattre les inégalités et le changement climatique et porter la voix du "Sud global", dont le président brésilien Luiz Inacio Lula da Silva se pose en champion. Mais ces priorités ont été éclipsées durant les deux journées de réunion des grands argentiers...
AFP (Français)
G20 foreign ministers called for comprehensive reforms of the most important international organizations as they met in Rio de Janeiro, while war continues to rage in several parts of the world. "Everyone agreed that the most important multilateral institutions such as the UN, the World Trade Organization, the World Bank and the International Monetary Fund must be reformed in order to meet the challenges of today's world," said Brazilian Foreign Minister Mauro Vieira on Thursday at the end of the meeting. The United Nations is indispensable as an organization for peace and security, he said. H...
DPA Breaking News
G20 foreign ministers called for comprehensive reforms of the most important international organizations as they met in Rio de Janeiro, while war continues to rage in several parts of the world. "Everyone agreed that the most important multilateral institutions such as the UN, the World Trade Organization, the World Bank and the International Monetary Fund must be reformed in order to meet the challenges of today's world," said Brazilian Foreign Minister Mauro Vieira on Thursday at the end of the meeting. The United Nations is indispensable as an organization for peace and security, he said. H...
DPA
G20 foreign ministers called for comprehensive reforms of the most important international organizations as they met in Rio de Janeiro, while war continues to rage in several parts of the world. "Everyone agreed that the most important multilateral institutions such as the UN, the World Trade Organization, the World Bank and the International Monetary Fund must be reformed in order to meet the challenges of today's world," said Brazilian Foreign Minister Mauro Vieira on Thursday at the end of the meeting. The United Nations is indispensable as an organization for peace and security, he said. H...
DPA International
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