Tag: G20 Summit

G20 finance ministers’ failed in presenting a joint statement in response to covid-19 due to US-China standoff
Americas, Europe

G20 finance ministers’ failed in presenting a joint statement in response to covid-19 due to US-China standoff

G20 finance ministers’ held a telephonic discussion; however, they failed to present a joint statement regarding the coronavirus pandemic that was hampered by the disagreements between the US and China.

A blame game about coronavirus between China and the US hindered the expectations of a joint international response.

The G7 group comprises of United States, United Kingdom, France, Canada, Germany, Italy, Japan, and Germany, which managed a joint message after a video conference last week.

A full G20 world leaders teleconference is expected later this week; however, whether an agreement can be reached on a worldwide fiscal boost isn’t clear.

Following the G20 discussions, the IMF’s managing head, Kristalina Georgieva, expressed that the viewpoint for worldwide development was negative and that the world was confronting “a recession at least as terrible as during the worldwide financial crisis or worse.”

She commended the bold monetary measures taken so far and demanded that more was required on the financial front if growth was to be likely in 2021. We are especially worried about low-income nations in the debt crisis,” she added.

At present, according to the data, the worldwide coronavirus pandemic shows 378,679 infected, around 16,507 deaths, and 100, 000 recuperated. Various measures are being taken by nations to battle the Covid-19 and also control its spread.

Article Credit: The Guardian

UK’s Boris Johnson calls Saudi Crown Prince Salman to discuss coronavirus pandemic
Europe, Middle East & Africa

UK’s Boris Johnson calls Saudi Crown Prince Salman to discuss coronavirus pandemic

The British Prime Minister Boris Johnson, on Sunday afternoon, telephoned Saudi Crown Prince Mohammed bin Salman to discuss the global coronavirus outbreak.

10 Downing Street announced that the prime minister updated the Crown Prince on the measures that the UK is taking, driven by scientific guidance, to control the spread of the disease.

The two leaders concurred on the requirement for a universally organized response to the outbreak, especially on developing a vaccine and checking the economic turmoil caused by the pandemic.

They resolved to work intently on this, including through the G20 that Saudi Arabia is going to host this year.

The G20 Summit is scheduled in the Saudi capital Riyadh between November 21 and 22.

Johnson has spoken via phone with German Chancellor Angela Merkel, US President Donald Trump, Italian Prime Minister Giuseppe Conte, and Japanese Prime Minister Shinzo Abe in the past few days regarding the outbreak.

Johnson is due to chair another Cobra crisis committee with health authorities on Monday to co-ordinate the British government’s response, which a few people have criticized for including less stringent measures than those of other European countries.

Health Secretary Matt Hancock has stated the legislature would take measures for people over 70 years and public vulnerable to Covid-19 to self-isolate, conceivably for months.

On Sunday, 10 Downing Street statement said Johnson and senior ministers would have daily press meetings on the pandemic, upheld by medical specialists and scientists.

G7 pioneers will examine global efforts to fight the infection over a phone call on Monday. Johnson will request all pioneers to help the World Health Organization with fundings and expertise for research. Hoping that would guarantee quick advance to build up a vaccine and drive help to relieve the economic impact of the emergency.

Article Credit: The National/Reuters

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A Chinese company offered Friday to replace thousands of faulty coronavirus test kits after Spanish health authorities – desperate for materials to cope with the world’s second highest COVID-19 death toll.
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