AnewZ Morning Brief - 03 March, 2026
Start your day informed with AnewZ Morning Brief. Here are the top news stori...
G20 leaders in Rio addressed global conflicts, including Gaza and Ukraine, and called for greater cooperation on climate change, poverty, and tax reform. Brazil launched a global alliance against hunger, while China and the U.S. focused on supporting developing nations.
Leaders from the Group of 20 (G20) major economies gathered in Rio de Janeiro on Monday for a two-day summit, where they issued a joint statement highlighting the profound human toll of ongoing conflicts in Gaza and Ukraine. The leaders also emphasized the need for increased international cooperation on pressing issues such as climate change, poverty reduction, and tax policy.
The summit, held at Rio’s Modern Art Museum, was marked by discussions on the shifting global landscape, with leaders working to strengthen multilateral agreements in the face of U.S. President-elect Donald Trump’s upcoming return to office in January. As Trump has promised to implement sweeping policy changes, from tariffs to a potential negotiated resolution on the war in Ukraine, these developments were a key backdrop for the summit’s deliberations.
While the leaders acknowledged the ongoing conflicts, the joint statement succinctly addressed the escalating war in Ukraine, focusing on the "human suffering" caused by the conflict and its economic impact. The statement also expressed "deep concern" over the humanitarian crisis in Gaza, urging increased aid and civilian protection, along with calls for a comprehensive ceasefire in both Gaza and Lebanon.
Despite a recent Russian airstrike in Ukraine, European diplomats, who initially sought stronger language on the conflict, ultimately agreed to the final wording of the statement. Russian President Vladimir Putin did not attend the summit, sending Foreign Minister Sergey Lavrov in his place.
Intense negotiations over the weekend led to a consensus on climate change and financial commitments to developing nations. G20 leaders agreed on the urgent need to reach an agreement by the end of the United Nations COP29 climate summit in Azerbaijan on how much wealthy nations should contribute to poorer countries to combat climate change. However, the statement stopped short of providing specifics on how to resolve the climate finance issue at COP29.
As the host of this year’s G20 summit, Brazil focused on addressing extreme poverty and hunger, as well as advocating for fair tax policies targeting the world's wealthiest individuals. Brazilian President Luiz Inácio Lula da Silva opened the summit by launching a global alliance to combat hunger and poverty, with support from over 80 countries, multilateral banks, and major philanthropies. Lula, who was born into poverty, emphasized that hunger and poverty are not the result of scarcity but of political decisions. "In a world that produces almost six billion tons of food per year, this is unacceptable," he stated.
While Brazil’s agenda emphasized global poverty and taxation issues, there were concerns that these efforts could lose momentum once President Trump takes office. However, world leaders acknowledged that Brazil’s leadership had pushed the G20 to engage with topics that challenge the traditional dominance of Western powers. German Chancellor Olaf Scholz noted that the balance of global power is shifting, with major developing economies seeking a more influential role in global governance. "These countries want to have their say. And they will no longer accept that everything will continue to be the way it has been for decades," he said.
Chinese President Xi Jinping took the opportunity to announce several initiatives aimed at supporting developing economies, particularly those in the "Global South." These included proposals for increased scientific cooperation with Brazil and African nations, as well as lowering trade barriers for least developed countries. Xi’s active participation underscored China’s growing influence on the global stage.
Meanwhile, U.S. President Joe Biden, who is nearing the end of his term, participated in the summit while facing multiple international crises, including the ongoing conflicts in Ukraine and the Middle East. As the world watches for policy shifts under the incoming Trump administration, Xi has used the summit to highlight China’s economic rise, including the launch of major infrastructure projects like the new deep-water port in Peru, part of China’s Belt and Road initiative.
Though Brazil has so far opted not to join the Belt and Road initiative, there is optimism for further industrial partnerships, with Xi set to conclude his visit to Brazil with a state visit to Brasília on Wednesday.
Follow the latest developments and global reaction after the U.S. and Israel launched “major combat operations” in Iran, prompting retaliation from Tehran.
Saudi Arabia’s state oil giant Saudi Aramco closed its Ras Tanura refinery on Monday following an Iranian drone strike, an industry source told Reuters as Tehran retaliated across the Gulf after a U.S.-Israeli attack on Iranian targets over the weekend.
The Kremlin is utilising the recent United States and Israeli military strikes on Iran to validate its ongoing war in Ukraine. Russian officials are pointing to the escalation in the Middle East as evidence that Western nations do not adhere to international rules.
The Middle East crisis intensifies after the deadly attack on the compound of the Supreme Leader of Iran Ali Khamenei on Saturday that killed him, other family members and senior figures. Iran has launched retaliatory strikes on U.S. targets in the region.
Ayatollah Alireza Arafi has moved into a pivotal constitutional role following the death of Supreme Leader Ayatollah Ali Khamenei, becoming the clerical member of Iran’s temporary leadership council under Article 111 of the Constitution of the Islamic Republic of Iran.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 3rd of February, covering the latest developments you need to know.
Canadian Prime Minister Mark Carney arrived in Australia on Tuesday (3 March), aiming to bolster relations between the two so-called "middle powers" amid what he has called a "rupture" in world order.
Former U.S. President Bill Clinton told lawmakers that President Donald Trump told him he had "some great times" with convicted sex offender Jeffrey Epstein before their relationship soured, according to a video released on Monday (2 March).
The U.S.-Iran crisis has entered its third day, with further strikes reported across the Middle East and the death toll rising. Oil prices have surged to levels last seen during the Covid-19 pandemic, raising fears of economic disruption and higher prices worldwide.
The UK said it's allowing the U.S. to use its bases for defensive strikes against Iran amid escalating missile attacks, after a suspected drone strike hit a British airbase in southern Cyprus, causing limited damage.
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