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G20 News

Corruption costs poor countries $1 trillion a year: NGO

Paris - Corruption, fraud and money-laundering cost poor countries a total of $1.0 trillion a year, the anti-poverty organisation ONE said in a study released on Wednesday.

Australia bans uranium sales to Russia

Sydney - Australia on Wednesday banned uranium sales to Russia over its actions in Ukraine while announcing it will set up an embassy in Kiev and may offer military assistance.

World finance chiefs fall short on growth plan

Washington - Leading economic policymakers meeting in Washington voiced concern the Ukraine crisis could hurt the world economy, but fell short of taking concrete action to strengthen growth amid signs of discord.

G20 urges U.S. to ratify IMF reforms by year-end

Washington - The G20 pressed the United States Friday to ratify crucial IMF reforms after four years of waiting, suggesting they would find an alternative if Washington does not deliver by year-end.

G20 growth pledge easier in the making than the execution

The Group of 20's proposal to lift economic activity by 2 percent over the next five years has so many holes in it, there's no wonder it was the first official target that all members felt happy to agree on...

US, IMF 'stand ready' to help Ukraine rebuild ailing economy

Sydney - The United States and the International Monetary Fund offered Sunday to assist Ukraine in rebuilding its battered economy following devastating protests that have plunged the country into its worst crisis since independence.Fears that Ukraine's debt-la...

OECD delivers new global standard to target tax cheats

Sydney - The OECD on Sunday delivered a new global standard to crack down on tax evasion with more than 40 countries already committing to measures which the European Commission called "a big step" forward.Organisation for Economic Cooperation and Development (...

OECD delivers new global standard to target tax cheats

Sydney - The OECD on Sunday delivered a new global standard to crack down on tax evasion with more than 40 countries already committing to the measures.Organisation for Economic Cooperation and Development (OECD) chief Angel Gurria called it "a real game-change...

G20 works to nail down growth targets

Sydney - G20 finance ministers and central bank governors worked on Sunday to nail down agreements on boosting growth and creating jobs after "excellent" talks on the winding back of US monetary stimulus.Australian Treasurer Joe Hockey reported much good will a...

Commitment on central bank communication unlikely at G20: Canada Fin Min

Canadian Finance Minister Jim Flaherty said he does not expect a commitment for advanced economies to articulate monetary policy more clearly to be in the Group of 20 (G20) communique due later on Sunday.

G20 players work to nail down growth targets

Sydney - G20 finance ministers and central bank governors Sunday worked to nail down agreements on boosting growth and creating jobs after "excellent" talks on the winding back of US monetary stimulus.Australian Treasurer Joe Hockey said there was a lot of good...

G20 united on need to tackle tax reform: Australian Treasurer

Finance officials of the world's 20 major economies discussed the impact of the Federal Reserve's withdrawal of stimulus on emerging markets and were united on the need to address problems of tax minimization, Australian Treasurer Jo...

Bank of Canada: Higher growth goal should be seen as aspirational

Setting a higher goal for global growth is a good idea to try to build momentum in the world economy, but it should be seen as aspirational rather than a hard target, Bank of Canada Governor Stephen Poloz ...

U.S. Fed chief Yellen asked for ID at G20

Sydney - She might be one of the most powerful women in the world but that didn't wash with security at the G20 in Sydney who reportedly asked Janet Yellen to show her ID.

G20 aspires to faster economic growth, roadmap sketchy

The world's top economies have embraced a goal of generating more than $2 trillion in additional output over five years while creating tens of millions of new jobs, signaling optimism ...

G20 host Australia confident of tangible results

Sydney - G20 host Australia said Saturday it was confident of tangible results as a meeting of finance ministers and central bankers got underway, with fissures over US monetary policy looming large.Australian Treasurer Joe Hockey has said he wants the summit t...

Global tax evasion under G20 scrutiny

Sydney - US Treasury Secretary Jacob Lew described taxation reform as among the G20's most crucial initiatives Friday as the world's major economies look to close loopholes used by huge multinational firms."The G20's work on tax cooperation is among our most im...

U.S. leads pushback against emerging market angst at G20

The world's rich nations pushed back on Friday against emerging market complaints about the spillover effects of their monetary policies, saying they had to get their own houses in order and get with the ag...

IMF, Britain warn emerging economies ahead of G20

Sydney - IMF chief Christine Lagarde and British Chancellor of the Exchequer George Osborne on Thursday demanded emerging economies get their own houses in order, after some attacked US monetary policy in the run-up to G20 talks this weekend.While Lagarde also ...

Hard landing unlikely for 'poorly understood' China: IMF chief

Sydney - IMF chief Christine Lagarde said Thursday that China was unlikely to suffer a hard landing, describing it as a "poorly understood and poorly interpreted" economy that took a cautious approach to growth.The International Monetary Fund expects China's ec...

G20 final document to address U.S. policy impact on emerging markets

The world's financial leaders will address the impact of U.S.

German finance chief says Europe not over-represented at G20

Sydney - German Finance Minister Wolfgang Schauble Thursday defended Europe's strong presence at the G20, arguing that it is not over-represented despite accounting for barely 20 percent of the global economy.Finance ministers from the world's major economies m...

IMF urges stronger growth efforts from G20 economies

Washington - The IMF on Wednesday called for the Group of 20 to boost growth, warning of risks to the global economy, from deflation in Europe to high volatility in emerging economies.The International Monetary Fund said advanced economies, which include most of th...

G-20 ready to take action to underpin global growth: Saccomanni

Italy's outgoing Economy Minister Fabrizio Saccomanni on Wednesday said market turmoil in emerging markets is a threat to global growth and the world's 20 major economies are ready do what is necessary to underpin output.

Australia urges G20 to commit to faster growth targets

Sydney - Australian Treasurer Joe Hockey said Wednesday it was "hugely important" that G20 leaders agree to faster global growth targets when they meet in Sydney this weekend.Hockey is chairing a meeting of G20 finance ministers and central bankers, and wants n...

U.S. calls for ambitious G20 growth push

Washington - The United States called Tuesday on colleagues in the Group of 20 leading powers to boost growth to fight off short term economic risks, boost demand and generate jobs.

All G20 members have role in softening volatility: Canada official

Advanced economies must explain their monetary policy approach clearly to the rest of the world and some emerging economies need to strengthen policies in order to soften the financial market volatility du...

Allegations suggest Russia gave out spying devices at G20 summit

Allegations that Russia tried to snoop on other Group of 20 (G20) countries has emerged. The claim is gifts were given out that were designed to serve as spying devices.

Pope calls on world leaders to seek peace, not war, in Syria

As world leaders attend the G20 summit in St. Petersburg, Russia, Pope Francis has called on them to seek peace in Syria through diplomatic means rather than military action.

Op-Ed: No whitewash this time, thanks to mobile phone cameras

An article relating to the aftermath of the death of the innocent bystander Ian Tomlinson at the April 2009 G20 protests in London
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G20 Image

Police search a man s bags during the G20.
Police search a man's bags during the G20.
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A G20 protestor is surrounded and arrested by Toronto police.
A G20 protestor is surrounded and arrested by Toronto police.
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Toronto officials have erected a 3-metre (9 foot) security fence around areas of the downtown core a...
Toronto officials have erected a 3-metre (9 foot) security fence around areas of the downtown core ahead of the G20 Summit.
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Toronto officials have erected a 3-metre (9 foot) security fence around areas of the downtown core a...
Toronto officials have erected a 3-metre (9 foot) security fence around areas of the downtown core ahead of the G20 Summit.
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Toronto is host to the G20 conference June 26-27  2010. The city has erected 6-foot steel and concre...
Toronto is host to the G20 conference June 26-27, 2010. The city has erected 6-foot steel and concrete fences around a "hot zone" in the downtown core to keep protesters out.
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Toronto is host to the G20 conference June 26-27  2010. The city has erected 6-foot steel and concre...
Toronto is host to the G20 conference June 26-27, 2010. The city has erected 6-foot steel and concrete fences around a "hot zone" in the downtown core to keep protesters out.
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Closing Ceremony at the Chambre de commerce et d industrie de Paris
Closing Ceremony at the Chambre de commerce et d'industrie de Paris
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Toronto is host to the G20 conference June 26-27  2010. The city has erected 6-foot steel and concre...
Toronto is host to the G20 conference June 26-27, 2010. The city has erected 6-foot steel and concrete fences around a "hot zone" in the downtown core to keep protesters out.
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Obama and Canadian Prime Minister Stephen Harper talking during the G20 Summit in Toronto
Obama and Canadian Prime Minister Stephen Harper talking during the G20 Summit in Toronto
White House Photo by Pete Souza
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Toronto officials have erected a 3-metre (9 foot) security fence around areas of the downtown core a...
Toronto officials have erected a 3-metre (9 foot) security fence around areas of the downtown core ahead of the G20 Summit.
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Workers take a break from putting up a 3-metre (9-foot) high steel security fence outside the Metro ...
Workers take a break from putting up a 3-metre (9-foot) high steel security fence outside the Metro Toronto Convention Centre being erected for the upcoming G20 Summit.
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Toronto officials have erected a 3-metre (9 foot) security fence around areas of the downtown core a...
Toronto officials have erected a 3-metre (9 foot) security fence around areas of the downtown core ahead of the G20 Summit.
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Ahead of the G20 Summit in Toronto  city officials erect a 3-metre (9 foot) security fence and remov...
Ahead of the G20 Summit in Toronto, city officials erect a 3-metre (9 foot) security fence and remove glass bus shelters from parts of the downtown core. Security costs is estimated to reach $1.1 billion.
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The security zone in Toronto for the G20 a week before the summit begins.
The security zone in Toronto for the G20 a week before the summit begins.
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Toronto officials have erected a 3-metre (9 foot) security fence around areas of the downtown core a...
Toronto officials have erected a 3-metre (9 foot) security fence around areas of the downtown core ahead of the G20 Summit.
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Clowning it up at the G20 summit in Toronto  June 2010  inches from the riot squad
Clowning it up at the G20 summit in Toronto, June 2010, inches from the riot squad
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The G20 Deputy’s Meeting and Financial Market Conference in Berlin on May 19-20.
The G20 Deputy’s Meeting and Financial Market Conference in Berlin on May 19-20.
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Toronto is host to the G20 conference June 26-27  2010. The city has erected 6-foot steel and concre...
Toronto is host to the G20 conference June 26-27, 2010. The city has erected 6-foot steel and concrete fences around a "hot zone" in the downtown core to keep protesters out.
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King Street West in Toronto the Friday night before the G20 Summit was almost empty.
King Street West in Toronto the Friday night before the G20 Summit was almost empty.
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South African President Jacob Zuma with President of Russia Vladimir Putin at the end of the BRICS L...
South African President Jacob Zuma with President of Russia Vladimir Putin at the end of the BRICS Leaders Meeting on the margins of the G20 Summit held in Russia
GovernmentZA
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