The G20 summit in Cape Town, South Africa, is focusing on financing recovery for nations hit by climate-induced disasters and extending debt relief to developing countries.
As the first African nation to lead the forum, South Africa aims to drive discussions on bolstering economic cooperation and fostering inclusive growth.
President Cyril Ramaphosa emphasized the urgency of addressing unsustainable debt levels, which hinder infrastructure, healthcare, and education investments in low-income nations. The summit also highlights fairer benefits from Africa’s critical minerals and increased funding for renewable energy projects.
The event marks a pivotal moment for Africa’s leadership on the global stage, with Johannesburg set to host next year’s G20 summit.
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Despite tensions over U.S. tariffs and key absences, G20 finance chiefs voiced cautious optimism for a unified stance on trade and global challenges at their meeting in South Africa.
The Financial Stability Board (FSB), the G20’s financial regulator, has paused further climate policy work as the United States distances itself from key initiatives.
The White House National Security Council has instructed U.S. government agencies to suspend all preparations for the upcoming G20 summit in South Africa, according to The Washington Post.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
Honduras has brought back mask mandates as COVID-19 cases and a new variant surge nationwide.
International superstar Taylor Swift has revealed her 12th studio album, 'The Life of a Showgirl', during a podcast appearance with her partner, U.S. football star Travis Kelce, and his brother Jason.
Residents in the Bahamas and Turks and Caicos braced themselves on Monday as Hurricane Erin, the first of the Atlantic season, passed nearby as a Category 4 storm, with winds of 225 kph.
The hurricane was located about 170 km north of Anguilla, with maximum sustained winds near 255 km/h, according to the National Hurricane Center (NHC).
Talks at the United Nations in Geneva to establish a global legally binding treaty on plastic pollution went into overtime on Thursday, with discussions adjourned to Friday.
SOCAR Türkiye, a subsidiary of the State Oil Company of the Azerbaijani Republic, has announced about a cooperation with Turkish Airlines in the field of sustainable aviation fuel. The move is aimed at complying with Türkiye's goal of reducing aviation emissions by 5% by 2030.
Spain is calling on European partners for assistance as wildfires rage across the country during one of its longest and hottest heatwaves on record.
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