Our website use cookies to improve and personalize your experience and to display advertisements (if any). Our website may also include cookies from third parties like Google Adsense, Google Analytics, and Youtube. By using the website, you consent to the use of cookies.

Ok, I Agree
Jul
12
2021
By The African Mirror
Virus variants threaten global recovery, G20 warns

Virus variants threaten global recovery, G20 warns

COVID-19
GAVIN JONES and LEIGH THOMAS AN upsurge in new coronavirus variants and poor access to vaccines in developing countries threaten the global economic recovery, finance ministers of the world's 20 largest economies warned on Saturday. The G20 gathering in the Italian city of Venice was the ministers' first face-to-face meeting since the start of the pandemic. Decisions include the endorsement of new rules aimed at stopping multinationals shifting profits to low-tax havens. That paves the way for G20 leaders to finalise a new global minimum corporate tax rate of 15% at a Rome summit in October, a move that could…
Read More
May
19
2021
By The African Mirror
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

COVID-19
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…
Read More
Jan
26
2021
By The African Mirror
China’s Xi calls for greater role for G20 in economic governance

China’s Xi calls for greater role for G20 in economic governance

WORLD
CHINA’S President Xi Jinping has called on the world to strengthen macro-economic policy coordination and bolster the role of the G20 in global economic governance as he pointed to a "rather shaky" recovery from the coronavirus pandemic. Speaking at a virtual meeting of the World Economic Forum - a gathering usually held in a Swiss ski resort - Xi said the global economic outlook remained uncertain and public health emergencies "may very well recur" in future. Xi, making his first appearance at the forum since his vigorous defence of free trade and globalisation in an address in Davos in 2017,…
Read More
Nov
23
2020
By The African Mirror
G20 says it will strive for fair global access to COVID-19 vaccine

G20 says it will strive for fair global access to COVID-19 vaccine

NEWS
DAVIDE BARBUSCIA, MARWA RASHAD AND RAYA JALABI LEADERS of the 20 biggest economies have vowed to spare no effort to supply COVID-19 drugs, tests and vaccines affordably and fairly to "all people", reflecting worries that the pandemic could deepen divisions between the world's rich and poor. The pandemic and prospects of an uneven and uncertain economic recovery were at the centre of a two-day online summit under the chairmanship of Saudi Arabia, which will hand the G20 presidency to Italy next month. "The COVID-19 pandemic and its unprecedented impact in terms of lives lost, livelihoods and economies affected, is an…
Read More
Nov
22
2020
By The African Mirror
G20 to discuss post-pandemic world, back debt relief

G20 to discuss post-pandemic world, back debt relief

WORLD
JAN STRUPCZEWSKI LEADERS of the 20 biggest world economies (G20) will debate this weekend how to deal with the unprecedented COVID-19 pandemic that has caused a global recession and how to manage the recovery once the coronavirus is under control. High on the agenda are purchases and global distribution of vaccines, drugs and tests for low-income countries that cannot afford such expenses themselves. The European Union will urge the G20 on Saturday to invest $4.5 billion to help. "The main theme will be to step up global cooperation to address the pandemic," said a senior G20 official taking part in…
Read More
Nov
21
2020
By The African Mirror
Italy to pursue Africa debt relief during G20 presidency – diplomat

Italy to pursue Africa debt relief during G20 presidency – diplomat

BUSINESS
ITALY will use its forthcoming presidency of the Group of 20 major global economies to try to secure further debt relief for African states, a senior Italian diplomat has promised. Italy takes over the annual rotating presidency of the G20 on December 1 and will look to build on a deal struck by major international creditors in April that was aimed at relieving the world's poorest nations of debt payments. "Every further move, due to the diversity of the G20 membership, is not going to be so easy, but we will work in order to achieve a good result," said…
Read More
Oct
15
2020
By The African Mirror
G20 to extend debt freeze for poorest nations, still wrangling over next steps

G20 to extend debt freeze for poorest nations, still wrangling over next steps

BUSINESS
JAN STRUPCZEWSKI, ANDREA SHALAL and ELIZABETH HOWCROFT THE G20 group of major economies is poised to extend a multi-billion-dollar debt freeze for the world's poorest countries to help them weather the coronavirus crisis, and may adopt a common approach to dealing with longer-term debt restructurings. Finance ministers and central bankers from China, the United States and other G20 countries mapped out their plans in a draft communique seen by Reuters on Tuesday, and are due to finalize the wording when they meet online early Wednesday. Preparatory meetings among G20 deputies involved "intense" discussions, according to multiple sources familiar with the…
Read More
Facebook
Twitter
Linkedin
Instagram