Finance ministers from the Group of 7 wealthy countries said, together they have pledged additional support to Ukraine in excess of $24 billion for 2022 and beyond; they also said, they were prepared to do more as and when required…. Read More ›
G20
20 countries pledge to stop public funding of fossil fuel projects abroad by 2022
Twenty countries, including the United States and Canada have agreed to stop public funding of fossil fuel projects abroad by the end of 2022 and instead steer spending into clean energy. The commitment has been termed as a “historic” step… Read More ›
Turkey ratifies Paris Climate Agreement as developing country
Turkey has become the last G20 country to ratify the Paris climate agreement, after holding off for years over perceptions of injustices in its responsibilities as part of the agreement. Although Turkey has been a signatory to the Paris agreement… Read More ›
France to push for global tax reforms at next G20 meeting
In a statement French Finance Minister Bruno Le Maire said, Paris will do its best to iron out burrs on the technical parameters for a global tax reform at the next G20 meeting, which aims to change the way large… Read More ›
Turkey must abide by new global tax rules, must remove digital service taxes: USTR
U.S. Trade Representative Katherine Tai told her Turkish counterpart Mehmet Mus, that Ankara must remove individual digital services taxes following a broader multilateral agreement that was reached in talks led by the OECD. Among a range of issues that was… Read More ›
Regulatory framework on climate risk disclosures will act as catalyst for massive green investments: John Kerry
In a statement U.S. climate envoy John Kerry said, a regulatory requirement on companies and financial institutions requiring them to disclose climate change related risks will spark huge investment flow in green capital investments across the world; he went on… Read More ›
U.S. working on executive order that expands ‘Buy America’ provisions: USTR
In a development pregnant with possibilities, U.S. Trade Representative Robert Lighthizer stated, the Wuhan Coronavirus pandemic shows that the United States is way too dependent on cheap foreign imports for key strategic medical supplies. The statement underscores the need for… Read More ›
G20 to hold emergency video conference revolving around strengthening supply chains: Nikkei
On Monday, Japan’s Nikkei business daily said, the Group of 20 trade ministers will be holding an emergency video conference today wherein they will discuss cooperation related to supply chains. The group of ministers are likely to confirm cooperation to… Read More ›
Washington and Beijing to collaborate in G20 summit: South China Morning Post
In a report, the South China Morning Post said, the United States and China are expected to set aside their differences and focus on the challenges of controlling and stopping the pandemic when leaders of the G20 nations hold talks… Read More ›
French President Emmanuel Macron warns China against escalation in international trade wars
U.S. President Donald Trump is set to announce additional tariffs on China following an investigation into its trade policy and violation of U.S. intellectual property rights. On Thursday, the office of French President Emmanuel Macron told his Chinese counterpart Xi… Read More ›
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