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India’s Modi seeks African Union’s full membership in G20

India’s Modi seeks African Union’s full membership in G20

INDIAN Prime Minister Narendra Modi has written to the leaders of the G20 nations proposing the African Union be given full, permanent membership of the diplomatic group at its upcoming summit in India, an official source said. Modi's proposal to grant the African Union full membership in the G20 demonstrates India's commitment to strengthening Africa's representation and partnership in shaping global affairs, the source said. The G20 or Group of 20 is an intergovernmental forum of the world's major developed and developing economies. The members represent around 85% of global GDP, over 75% of global trade, and about two-thirds of…
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G20 signs off on tax crackdown, warns on virus variants

G20 signs off on tax crackdown, warns on virus variants

DAVID LAWDER and LEIGH THOMAS FINANCE chiefs of the G20 large economies have endorsed a landmark move to stop multinationals shifting profits to low-tax havens at talks where they will also warn that coronavirus variants threaten the global economic recovery. They also acknowledged the need to ensure fair access to vaccines in poorer countries. But a draft communique to be rubber-stamped at the meeting in the Italian city of Venice did not contain specific new proposals on how to do that. The tax deal was set to be the biggest fresh policy initiative emerging from their talks. It caps eight…
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EXCLUSIVE – G20 snubs COVID patent waiver, waters down pledge on WHO’s funding -draft

EXCLUSIVE – G20 snubs COVID patent waiver, waters down pledge on WHO’s funding -draft

FRANCESCO GUARASCIO LEADERS of the world's largest economies back "voluntary licensing" of COVID-19 vaccine patents, the draft conclusions of a summit show, watering down a U.S. push for waivers and earlier commitments to supply more funds to the World Health Organization. The draft document, seen by Reuters, lists commitments of G20 nations and other countries and is to be adopted on Friday at a Global Health Summit in Rome, one of this year's major events to coordinate global actions against the pandemic. The draft, which is still subject to changes, is the result of a compromise among experts from G20…
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