Tag: G7 2020

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 PM Boris Johnson says anticipating meeting Trump in the G7 summit in June
Americas, Europe

UK PM Boris Johnson says anticipating meeting Trump in the G7 summit in June

Boris Johnson’s office announced after reports that an expected meeting between US-UK in early 2020 is delayed. British PM Boris Johnson is anticipating meeting U.S. President Donald Trump is likely in June.

“The pioneers highlighted their commitment to the UK-U.S. bilateral relationship and anticipated seeing each other at the G7 Summit in the United States this June.”

Relations among Washington and London have been strained by Britain’s decision to permit the Chinese telecoms giant Huawei [HWT.UL] a restricted role in its mobile network, proposed the Iran atomic agreement and British digital services tax.

The Trump administration has spent last year irately lobbying it allies to bar Huawei from their 5G framework, as it claims the Chinese tech organization works as a proxy for the Chinese government to spy. Huawei has more than once declined this, and claims the US’ quest for the company is politically roused.

Johnson had been anticipated to visit Washington early this year. However, the visit got delayed till June when a summit of pioneers of the G7 is due to take place in the United States, The Sun newspaper announced.

“President Trump and the Prime Minister talked over telephone tonight and discussed a variety of international and bilateral issues,” Downing Street said in an announcement on Thursday.

Article Credit: The Guardian

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