Power provider DTEK announced emergency blackouts in the capital and authorities announced similar steps elsewhere, too
Modi holds talks with Biden, Sunak, Macron
Two years ago the Group of 20 launched the Common Framework - a mechanism designed to provide a swift and comprehensive debt overhaul to nations buckling under debt burdens after Covid-19 shock
China on Thursday dropped a subtle hint that President Xi Jinping, who is widely expected to get endorsed by the ongoing Congress of the ruling Communist Party for a record 3rd term, will attend next month's G20 summit in Indonesia. Also, the Chinese Foreign Ministry flaunted the diplomatic success achieved under the 10-year rule of Xi, saying during his reign China has robustly upheld its sovereignty and security. The once-in-a-five-year Congress of the Communist Party of China (CPC) being held here from October 16 is widely expected to endorse an unprecedented 3rd five-year term or perhaps a lifelong tenure in power to Xi later this week besides enhancing his powers through constitutional amendments. Barring 69-year-old Xi, the Congress would endorse a whole set of new top-level leaders and officials, including the Premier, heralding a new administration under the Chinese President who is all set to breach the mandatory retirement for CPC leaders after 10-year tenure. Xi, who is
India on Thursday briefed the finance ministers and central bank governors of G-20 countries about its agenda for the next year when it assumes the rotating annual presidency of the grouping. India will take over the G20 Presidency in 2023, including the finance track. The ministers and governors have been briefed about the proposed main priority agendas from the 2023 India Presidency, Indonesian Finance Minister Sri Mulyani Indrawati told reporters during a press conference held here on the sidelines of the annual meetings of the International Monetary Fund and the World Bank. Indonesia currently holds the presidency of G-20 countries. On Thursday Indrawati chaired meetings of finance ministers and central bank governors of G-20 countries, which among others was attended by Union Finance Minister Nirmala Sitharaman and Reserve Bank of India Governor Shaktikanta Das. It is during this meeting and the breakfast meeting hosted by Sitharaman earlier in the day for the finance minister
Union Finance Minister Nirmala Sitharaman will here on Thursday host a breakfast for her counterparts from G-20 countries on the sidelines of the annual meeting of the International Monetary Fund and the World Bank. Founded in 1999, G-20 is a grouping of 19 major world economies along with the European Union. India will assume the annual presidency of G-20 countries in December this year. Indonesia is currently heading the G-20 presidency. US Treasury Secretary Janet Yellen along with finance ministers of other G-20 countries have confirmed to attend the breakfast meeting being hosted by Sitharaman at the headquarters of the International Monetary Fund here. Sitharaman with this meeting intends to set the pace and scope for India's presidency for the next year and also establish a personal relationship with all of her counterparts from the G-20 countries. At a time when the world is facing recession and there is large-scale inflation, the role that G-20 has in steering the global
Emerging and developing nations face a "hurricane" of risks from rising energy costs and food insecurity, and any resilience some countries may have won't last long, the G20 chair said
All government departments are preparing a workforce to host the G20, scheduled to start from December 1, where India's policies and positions on critical issues will be discussed
G-20 member nations must discuss all these issues irrespective of the conflict and arrive at certain principles to take the world forward
Goyal said if multilateralism was imperilled, the world will not be left with many fora to promote dialogue and diplomacy
Live news updates: The Presidential poll is scheduled to be held on July 18 as the tenure of President Ram Nath Kovind ends on July 24
Some ministers and central bank governors who attended the meeting virtually turned their cameras off when the Russia representative spoke, an official familiar with the meetings said
A contentious meeting of Group of 20 finance leaders ended with Russia and China watering down communique language on geopolitical risks to the global economy
Russia and China watered down a communique being drafted by heads of the G20 on Friday, to remove a reference to "current" geopolitical tensions clouding the global economic outlook, said sources.
The talks were held both virtually and in Jakarta and G20 finance leaders intend to issue the final communique after their meeting ends on Friday
Finance Minister Nirmala Sitharaman on Friday emphasised the need for bridging the infrastructure funding gap and developing innovative financing mechanisms for an inclusive growth in the sector.
'It is important for G20 members to show commitment to supporting the world's economic recovery and strengthening coordination in financial and health sectors'
Emerging markets must brace for monetary tightening in the United States and Europe while central banks must be clearer in their policy communication to avoid confusion
The G-20 leaders during their two-day summit that concluded on Sunday, adopted the 'Rome Declaration' which gives a very strong message under the health section
The pact had already won support in October, in principle, from 136 governments under the auspices of the OECD, and G-20 finance ministers endorsed a framework for the agreement in July