The United States officially assumed the 12-month presidency of the Group of 20 (G20) major economies on Monday, pledging to refocus the forum on economic growth and innovation, amid lingering tensions with outgoing host South Africa.
In a statement, the U.S. State Department outlined three priority areas for its G20 leadership:
These initiatives are aimed at fostering prosperity across major world economies.
The transition of the G20 presidency comes amid tensions with outgoing chair South Africa. Washington did not attend the November 22–23 summit in Johannesburg, following repeated, widely discredited claims from former President Donald Trump regarding South Africa’s treatment of its white minority. South African President Cyril Ramaphosa rejected these allegations as “blatant misinformation,” affirming Pretoria’s commitment to the G20 and its cooperative role in international economic policy.
During the Johannesburg summit, G20 leaders issued a declaration addressing global challenges, including climate change, economic recovery, and international cooperation. The U.S. has indicated that it will continue this focus and work to implement reforms to ensure the forum achieves measurable results.
The next G20 summit is scheduled for 2026 in Miami, where U.S. officials plan to reinforce the forum’s role in shaping trade, investment, and technological collaboration among member nations. Analysts view the U.S. agenda as a practical, action-oriented approach to global economic leadership.
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Pakistan has offered to host talks between the U.S. and Iran to bring an end to the conflict, while Lebanon has ordered the Iranian Ambassador to leave the country. Meanwhile, oil prices continue rising as the fallout from the Middle East conflict continues.
Türkiye is pursuing a cautious approach to the escalating Middle East conflict while maintaining regional ties, President Recep Tayyip Erdoğan said on Tuesday, warning against actions that could deepen instability.
Traders placed more than $500 million in oil bets minutes before Donald Trump announced a delay to planned strikes on Iran, data shows, shortly before prices plunged.
Pakistan has offered to host talks between the U.S. and Iran to end the Gulf conflict, as tensions remain high despite reports of possible diplomacy and continued military strikes across the region.
The pilot and co-pilot of an Air Canada Express regional jet were killed after it collided with a fire truck while landing at New York's LaGuardia airport late on Sunday, in an incident that closed the airport, authorities and U.S. media said.
Trump says U.S. found “major points of agreement” with Iran and has paused strikes on Iranian power plants, but Tehran denies any direct talks or negotiations, contradicting U.S. claims - latest on Middle East conflict.
Pakistan has offered to host talks between the U.S. and Iran to bring an end to the conflict, while Lebanon has ordered the Iranian Ambassador to leave the country. Meanwhile, oil prices continue rising as the fallout from the Middle East conflict continues.
Violent clashes broke out between police and opposition protesters in Tirana on Sunday (22 March) as demonstrators were demanding the resignation of the Albanian government following corruption allegations against the deputy prime minister.
FinaFinal results from Slovenia’s parliamentary elections indicate a near tie between the Slovenian Democratic Party (SDS) and the liberal Freedom Movement Slovenia (GS), leaving neither side with a clear path to power.
Eurozone private sector growth almost stalled this month, a key survey showed on Tuesday, adding to evidence that the bloc is already feeling economic fallout from the U.S. and Israeli war with Iran, with inflation rising and growth slowing.
China is raising domestic petrol and diesel prices under temporary measures to manage a sharp surge in global oil costs, aiming to support fuel suppliers while maintaining market stability during a period of heightened volatility.
Russia launched drones and missiles overnight on Tuesday at Ukraine, killing at least three people, damaging houses and triggering fires, Ukrainian officials said.
British Prime Minister Sir Keir Starmer said on Monday (23 March) that Britain must plan for the possibility that the Iran war could continue for some time, and added that he had no "meaningful concerns" about energy supply.
Australia and the European Union signed a trade deal on Tuesday that was eight years in the making, removing tariffs for almost all European goods and for nearly all exports of Australian critical minerals.
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