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.
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The Middle East conflict remains tense as diplomatic efforts continue alongside renewed Houthi attacks. Iran says it remains open to mediation, while the Saudi-led coalition says it intercepted a ballistic missile fired towards the kingdom.
Evacuations and the provision of humanitarian aid in the Russian-occupied southern Ukrainian town of Oleshky have begun, a senior Ukrainian official said on Friday. In a statement on Telegram, David Arakhamia said a six-day ceasefire was holding, and that more details would follow.
Qatari mediators returned to Tehran on Friday as part of efforts to reach a deal between the U.S. and Iran, according to an official briefed on the talks.
Russian President Vladimir Putin said Russia remains willing to rebuild relations with European countries but warned that any wider conflict on the continent would leave no winners, as he commented on recent diplomatic contacts with Nordic leaders and growing security concerns in the Baltic region.
Hackers have pulled off a staggering $6.3 billion cryptocurrency heist targeting Binance, shaking confidence in one of the world's biggest digital asset exchanges and sending crypto prices tumbling. U.S. analysts suspect North Korea was behind the attack.
A tenth-grade student was critically injured after a man attacked her with a chainsaw inside a classroom in Andhra Pradesh’s Anantapur district. The girl suffered severe injuries to her head, neck and back, while a classmate who tried to protect her was also hurt.
Deep divisions over Russia's war in Ukraine overshadowed a G20 foreign ministers' meeting in Atlanta on Friday, as European officials criticised Moscow's participation and refused to join a traditional group photograph with Russian Foreign Minister Sergei Lavrov.
The U.S. has approved the sale of 500 Patriot PAC-3 missiles to Ukraine in a deal worth an estimated $2.1 billion, but Kyiv could face years of delays before receiving the weapons it urgently needs to defend against intensifying Russian attacks.
The Financial Action Task Force (FATF), the global body responsible for monitoring money laundering and terrorist financing risks, has removed four countries from its so-called “grey list” after determining they had made sufficient progress in addressing weaknesses in their financial cr
The death toll from the ongoing Ebola outbreak in the Democratic Republic of Congo has surpassed 5,000, according to government figures released on Friday, as health authorities continue to struggle to contain the country's worst-ever Ebola epidemic.
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