WASHINGTON – The International Monetary Fund (IMF) has projected that the world’s 20 largest economies will grow by just 2.9% by 2030, marking their weakest medium-term outlook since the 2009 global financial crisis. The IMF cited protectionism, policy uncertainty, and fiscal pressures as key factors constraining growth. Read More: IMF warns corruption threatens Pakistan’s economic stability […]
G20
APHC-AJK Convener writes to G20 countries about India’s nefarious designs
ISLAMABAD: The Convener of All Parties Hurriyat Conference Azad Jammu and Kashmir (APHC-AJK) chapter, Mahmood Ahmed Saghar, while urging the G20 countries to take effective notice of India’s plan to hold next G20 summit in occupied Jammu and Kashmir has said that contentious move was a ploy aimed at deflecting the world’s attention away from […]
Winners and losers from minimum tax on multinationals
G20 finance ministers meeting in Italy will discuss a reform of taxation on multinational firms that is meant to stop nations from using ultra-low tax rates to attract businesses. The world’s top economies would be the biggest gainers of the OECD-brokered preliminary deal, while tax havens would be the biggest losers. – Big countries to […]
Global tax reform plan goes to the G20
G20 finance ministers meeting in Venice on Friday and Saturday could rally the world’s top economies behind a global plan to tax multinationals more fairly that has already been hashed out among 131 countries representing 90 percent of world output. On the face of it, the Group of 20 — the world’s 19 biggest economies […]
US urges Covid cooperation at G20 as China critical
The United States led calls at a G20 meeting Tuesday for greater global cooperation in light of the coronavirus crisis as China insisted that multilateralism should not just be a slogan. Italy welcomed foreign ministers of the Group of 20 major economies to the southern city of Matera for their first in-person talks since the […]
Trump says he will meet Putin at G20 summit next week
President Donald Trump said on Wednesday he will meet with Russian President Vladimir Putin at next week’s G20 summit in Japan. In an interview on Fox News, Trump said he would hold meetings with Putin and Chinese President Xi Jinping. Trump confirmed earlier this week he would be meeting with Xi. “I want to get […]
In historic first, G20 weighs ageing as global risk
Ballooning healthcare costs, labour shortages and financial services for the elderly: for the first time Sunday, the world’s top policymakers are tackling economic issues relating to ageing and shrinking birthrates. G20 finance ministers and central bank chiefs meeting in Japan — where a rapidly ageing population is a major domestic problem — have been warned […]
G20 agrees to push ahead with digital tax
Group of 20 finance ministers agreed on Saturday to compile common rules to close loopholes used by global tech giants such as Facebook to reduce their corporate taxes, a copy of the bloc’s draft communique obtained by Reuters showed. Facebook, Google, Amazon, and other large technology firms face criticism for cutting their tax bills by […]
Japan’s Abe to visit US, France on pre-G20 tour
Japan’s Prime Minister Shinzo Abe announced Monday plans to visit the United States, Canada and France this month before his country hosts the G20 later this year. The tour from April 22 to 29 will also include stops in Italy, Belgium and Slovakia, a foreign ministry official said. The trip comes ahead of long-awaited trade […]
G20 opens under assault from Trump on collective action
G20 powers open two days of summit talks in crisis-hit Argentina on Friday after a stormy buildup dominated by US President Donald Trump’s consensus-bucking crusade to realign world trade. Shortly before the summit kicks off, Trump’s “America First” charge will bear fruit with the signing in Buenos Aires of a successor to the North American […]