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.
On Sunday, U.S. President Donald Trump urged China to greatly boost soybean imports from the U.S. to help reduce its trade deficit. However, experts s...
Jordan is to host a meeting with U.S. and Syrian officials on Tuesday to discuss supporting the rebuilding of Syria after more than a decade of confli...
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Three people were killed in Ukrainian drone attacks overnight in Russia’s Tula and Nizhny Novgorod regions, with several others injured, as Moscow's...
South Korea and Vietnam are set to deepen their economic and strategic partnership as their leaders meet to strengthen ties during growing global trad...
On Sunday, U.S. President Donald Trump urged China to greatly boost soybean imports from the U.S. to help reduce its trade deficit. However, experts say a sharp increase is unlikely due to ongoing trade tensions and China’s changing buying habits.
Jordan is to host a meeting with U.S. and Syrian officials on Tuesday to discuss supporting the rebuilding of Syria after more than a decade of conflict and the ouster of former leader Bashar al-Assad by an Islamist-led rebellion in December.
Russia said it continued developing intermediate and shorter-range nuclear-capable missiles during a moratorium on their deployment and now holds a “substantial” arsenal, Deputy Foreign Minister Sergei Ryabkov has said.
Iran's cabinet has endorsed a plan to slash four zeros from the national currency, pending parliamentary and Constitutional Council approval.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
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.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
Jordan is to host a meeting with U.S. and Syrian officials on Tuesday to discuss supporting the rebuilding of Syria after more than a decade of conflict and the ouster of former leader Bashar al-Assad by an Islamist-led rebellion in December.
Russia said it continued developing intermediate and shorter-range nuclear-capable missiles during a moratorium on their deployment and now holds a “substantial” arsenal, Deputy Foreign Minister Sergei Ryabkov has said.
Three people were killed in Ukrainian drone attacks overnight in Russia’s Tula and Nizhny Novgorod regions, with several others injured, as Moscow's air defences intercepted dozens of drones, officials said on Monday.
South Korea and Vietnam are set to deepen their economic and strategic partnership as their leaders meet to strengthen ties during growing global trade challenges and shifting tariffs.
New Zealand is weighing the formal recognition of a Palestinian state, Foreign Minister Winston Peters said on Monday, confirming that Prime Minister Christopher Luxon’s cabinet will make a decision in September and present it during the U.N. Leaders' Week.
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