The central bank governor of G20 chair South Africa warned Thursday that the ongoing trade talks sparked by US President Donald Trump's tariff plans could prolong uncertainty in the global financial markets.
Global tax plans targeting billionaires and multinational companies are running aground, with the United States torpedoing reforms under President Donald Trump.
The high debt saddling the world's poorest countries needs an urgent reset to avoid multiple crises, African leaders said Thursday as they launched an initiative for debt relief and fairer borrowing terms.Â
French Finance Minister Eric Lombard told AFP on Thursday that the European Union would "do the same" if the United States follows through with 25 percent tariffs announced by President Donald Trump.
The erosion of multilateralism threatens global growth and stability, President Cyril Ramaphosa warned Wednesday at a G20 finance meeting in South Africa marked by the absence of the US treasury secretary.
South Africa said Friday that talks to end Russia's nearly three-year war in Ukraine must involve all parties and Ukrainian President Volodymyr Zelensky was expected on a state visit soon for discussions.
South Africa's President Cyril Ramaphosa opened on Thursday a Group of 20 foreign ministers meeting with a call for "cooperation" amid geopolitical tensions and "rising intolerance".
US Secretary of State Marco Rubio said Wednesday he would skip Group of 20 talks this month in South Africa, accusing the host government of an "anti-American" agenda.
The United States withdrawing from the Paris Agreement is a blow to global cooperation on climate change, but other countries are marching ahead and stepping up leadership on the issue.
British treasurer Rachel Reeves said Saturday that London was a "natural home" for Chinese finance during a visit to Beijing in the shadow of bond market turmoil back home.