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.
Finance leaders from G20 nations expressed hope on Friday that they could reach a consensus on global trade and pressing economic issues, despite the divisive impact of U.S. President Donald Trump's tariff policies.
This comes after the group failed to produce a joint declaration during their last gathering in February.
The current summit, hosted in the coastal city of Durban, takes place under South Africa’s presidency, with the motto 'Solidarity, Equality, Sustainability.' It aims to spotlight Africa’s priorities, including the high cost of capital and funding for climate action.
Canadian Finance Minister Francois-Philippe Champagne told Reuters he was cautiously optimistic about a positive outcome. A similar sentiment was echoed by other officials, though many key players—such as finance ministers from the U.S., Brazil, China, and Russia—did not attend.
U.S. Treasury Secretary Scott Bessent was notably absent, even as the U.S. prepares to take over the G20 presidency in December. Still, American officials remained engaged behind the scenes, particularly on trade and climate finance—areas complicated by differing national interests.
South African Finance Minister Enoch Godongwana emphasized the importance of multilateral cooperation, calling for bold leadership to tackle global crises.
Czech President Petr Pavel has announced that he will appoint billionaire Andrej Babis, the winner of the recent elections, as the country’s new pri...
Nestled in the Dolomites, Cortina d’Ampezzo is racing toward the finish line ahead of the 2026 Winter Olympic Games. Officials said on Thursday that...
Ukraine has urged for genuine peace with Russia rather than concessions, warning that poorly negotiated settlements in the past have led to disaster....
German Chancellor Friedrich Merz on Thursday (December 4) firmly rejected U.S. proposals to use Russian assets frozen in the European Union for the be...
The United Kingdom and Norway have unveiled a new joint naval initiative designed to protect undersea infrastructure and counter increased Russian sub...
Nestled in the Dolomites, Cortina d’Ampezzo is racing toward the finish line ahead of the 2026 Winter Olympic Games. Officials said on Thursday that the Olympic Village is almost ready to receive athletes competing from February 6th to the 22nd.
Ukraine has urged for genuine peace with Russia rather than concessions, warning that poorly negotiated settlements in the past have led to disaster.
The United Kingdom and Norway have unveiled a new joint naval initiative designed to protect undersea infrastructure and counter increased Russian submarine activity in the North Atlantic.
Slovenia has become the latest country to pull out of next year’s Eurovision Song Contest, joining Ireland, Spain and the Netherlands in a widening boycott triggered by the European Broadcasting Union’s (EBU) decision to allow Israel to participate.
For nearly three decades following the dissolution of the Soviet Union, the international system was defined by a singular, overwhelming reality: American unipolarity.
Chinese scientists have unveiled a new gene-editing therapy that they say could lead to a functional cure for HIV, making it one of the most promising developments in decades of global research.
Faced with mounting public outrage following one of the deadliest environmental disasters in the nation’s recent history, the Indonesian government has pledged to investigate and potentially shut down mining operations found to have contributed to the catastrophic flooding on Sumatra.
Britain’s King Charles III welcomed German President Frank-Walter Steinmeier on Wednesday, marking the beginning of his three-day state visit to the United Kingdom. The visit, the first by a German President to the UK in 27 years, comes as the two countries continue to strengthen ties post-Brexit.
U.S. President Donald Trump has launched a blistering verbal attack on the Somali community, characterising migrants as "garbage" just as federal authorities prepare a contentious enforcement operation in the Midwestern state of Minnesota.
While political leaders hail a historic agreement, residents of Goma remain skeptical as clashes continue on the ground.
President Donald Trump has appointed a new architect to oversee the highly anticipated White House ballroom project, a White House spokesman confirmed on Thursday.
A bipartisan group of U.S. senators, including prominent Republican China hawk Tom Cotton, introduced the SAFE CHIPS Act on Thursday, aiming to prevent the Trump administration from easing restrictions on China’s access to advanced artificial intelligence (AI) chips for a period of 2.5 years.
Czech President Petr Pavel has announced that he will appoint billionaire Andrej Babis, the winner of the recent elections, as the country’s new prime minister on December 9.
Nestled in the Dolomites, Cortina d’Ampezzo is racing toward the finish line ahead of the 2026 Winter Olympic Games. Officials said on Thursday that the Olympic Village is almost ready to receive athletes competing from February 6th to the 22nd.
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