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Trump Blasts G20 Summit Ahead of Departure U.S. President Donald Trump blasted the recently concluded G20 summit in Osaka, Japan, as a "waste of time" ahead of his departure from the country. Trump had earlier threatened to impose tariffs on Mexico, and criticized the host nation for its trade policy. He also criticized the French president, Emmanuel Macron, for his criticism of NATO. Trump said the G20 summit was a "complete waste of time" because the other nations were not willing to budge on trade issues. Trump said he was pleased with the outcome of the summit and said he had made progress on a number of issues, including North Korea, Iran, and the conflict in Syria. Trump said he was also pleased with the progress made on climate change.
Amitabh Kant, India's G20 Sherpa and former Niti Aayog chief, praised India's structural reforms, noting that they have elevated the country from the "fragile 5" to the "top 5," resulting in a growth rate of approximately 8.4% over the last three quarters. Kant highlighted analysts' projections that foresee India contributing 30% to global GDP growth between 2035-2040.
Regulators who have assessed nature-related risks found that biodiversity and nature loss could result in credit losses, defaults, and abrupt price corrections that pose financial risks to banks and other institutions.
The United States sees no need to negotiate an international agreement on taxing the super-wealthy, US Treasury Secretary Janet Yellen said Thursday, highlighting divisions on a plan that is top of the agenda at a G20 finance ministers' meeting in Rio de Janeiro.