Allison Joyce/AFP via Getty Images The finance ministers who concluded their two-day Asheville summit Tuesday left with a statement that officially welcomes artificial intelligence investment as a global growth driver — and quietly declined to adopt the specific governance framework their own watchdog said was necessary to make that investment safe. The G20 Chair’s Statement,…
For decades, Hong Kong has been a magnet for the rich. From wealthy Chinese setting up family trusts to millionaires migrating from across Southeast Asia, all of them have been sucked in by the city’s promise of free capital flows, a trustworthy legal system and extensive financial expertise. But some worry this model could now…
By Steve Holland and Christian Martinez WASHINGTON, April 27 (Reuters) – A U.S. official said on Monday that President Donald Trump is unhappy with an Iranian proposal because it did not address Iran’s nuclear program. “He doesn’t love the proposal,” the U.S. official said, referring to Trump. Earlier in the day, Trump discussed the proposal…
WASHINGTON, April 17 (Reuters) – The U.S. is urging G20 members and the International Monetary Fund and World Bank to take coordinated action to ensure fertilizer access amid disruptions in food trade supply chains caused by the war in the Middle East, two sources familiar with the matter said on Friday. U.S. Treasury Secretary Scott…
South Africa is looking to new export markets in Asia – particularly China – and Europe to diversify away from the United States, as its relations with Washington rapidly deteriorate. America boycotted last weekend’s Group of 20 summit in Johannesburg after Washington accused Pretoria of persecuting Afrikaner farmers, labelling the situation “white genocide” – a…
Item 1 of 2 Cars are stuck in traffic on an elevated highway as buildings are reflected on a glass surface in Beijing’s central business district (CBD), China, November 12, 2025. REUTERS/Maxim Shemetov [1/2]Cars are stuck in traffic on an elevated highway as buildings are reflected on a glass surface in Beijing’s central business district…
China’s decision to host next year’s Apec summit in the innovation hub of Shenzhen reflects Beijing’s “resolve to uphold openness”, according to analysts. Highlighting the southern city’s spectacular growth over the past few decades, Chinese President Xi Jinping announced the decision at the end of the 2025 Asia-Pacific Economic Cooperation (Apec) summit in Gyeongju, South…