
G-20 pledges $5 trillion to fight virus
G-20 major economies promised to spend more than $5 trillion to prop up the global economy and hasten recovery from the pandemic.
The G-20 is the premier international forum for economic cooperation, bringing together the world's major economies to address global financial and economic challenges. Its members represent over 80% of global GDP and two-thirds of the world's population, making it a critical body for policy coordination on issues from trade to climate change and sustainable development.
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G-20 major economies promised to spend more than $5 trillion to prop up the global economy and hasten recovery from the pandemic.
A top E.U. negotiator says it turn to the U.N., WTO and G-20 as important go-betweens with the U.K. after leaving the bloc.
The World Trade Organization's ability to resolve trade disputes among nations is arguably its most critical function.
G-20 foreign ministers agreed WTO reforms are urgently needed to boost its relevance amid a U.S.-China trade war.
Tariffs imposed or threatened by the U.S. and China could reduce global economic output by 0.8% in 2020.
The global bank for central banks said U.S. and European stimulus measures won't provide "sustainable momentum."
As host to the talks, Japan played peacemaker between the U.S. and nations antagonized by Trump's protectionism.
Finance leaders projected moderate global growth and recovery but warned of risks from a prolonged trade war.
IBM, which helped develop the standards, said they offer policy guidance for governments and stakeholders worldwide.
Among the proposals for reining in big tech are the creation of a new system for data oversight and a common digital market.
Germany's chancellor noted some 'disquiet in the international system,' referencing the Trump administration.
Japan will leave the International Whaling Commission, which will drop to 88 members, and resume whaling in April.
Instagram is fast becoming the go-to social media for leaders, international organizations and governments.
Air pollution concentrations tied to greenhouse gases worsened in almost 70% of cities from 2010 to 2016.
The Group of 20 expressed concern about the future of the World Trade Organization, which Trump threatened to leave.
The trade deal fulfills U.S. President Donald Trump's pledge to replace the 1994 North American Free Trade Agreement.