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Violence erupted in the northern state of Harayana state on Monday after a right-wing Hindu organization led a religious procession in the Muslim dominated region of Nuh. However, opposition politicians and activists have called the attack a “hate crime” that targeted India’s Muslim minority population. Increase in hate crimesThe latest communal violence come against a broader rise in hate crimes against minority groups. Last month, the BJP chief minister of the state of Assam, Himanta Biswa Sarma, blamed Muslims for the soaring prices of tomatoes. Some cities named after historic Muslim figures have also been renamed to reflect India’s Hindu history.

Persons: Parveen Kumar, Narendra, Modi, Yogi, Asgar Ali, Mohammed, Ali, haven’t, Police haven’t, Asaduddin, ”, Jairam Ramesh, ” Asim Ali, Deepankar Basu, Himanta Biswa Sarma, Barack Obama, “ Hussain Obama ”, Obama, Adityanath, Donald Trump’s, Rana Ayyub Organizations: New Delhi CNN, Extra, Hindustan Times, Haryana Police, CNN, ” Police, Police, Bharatiya Janata Party, BJP, Dal, NDTV Locations: New Delhi, India, Harayana, Nuh, Gurgaon, Gurugram’s, Maharashtra, Mumbai, Haryana, Nuh Chowk, Gurugram, Hindustan, Delhi, Manipur, Assam, Uttar Pradesh, today’s India

[1/2] A motorist rides past a hoarding decorated with flowers to welcome G20 foreign ministers in New Delhi, India, March 1, 2023. REUTERS/Amit Dave/File photoCHENNAI, India/BRUSSELS, July 28 (Reuters) - The Group of 20 (G20) major nations failed on Friday to agree on concrete targets to cut dangerous emissions, releasing only a statement that dismissed current measures to address climate change as "insufficient". Members could not agree on depleting carbon budgets, historical emissions, net-zero goals and the issue of financing to support developing countries, the document showed. China and oil-rich Saudi Arabia backed away from making commitments in the G20 talks, members of a European delegation said. The EU's Environment Commissioner said the G20 countries were "nowhere" on their commitments to address climate change.

Persons: Amit Dave, Virginijus Sinkevicius, Sarita Chaganti Singh, Aftab Ahmed, Kate Abnett, John Stonestreet, Angus MacSwan, Andrew Heavens Organizations: REUTERS, United Arab Emirates, Thomson Locations: New Delhi, India, CHENNAI, BRUSSELS, North America, Europe, China, Indian, Chennai, Saudi Arabia, Delhi, Brussels

BAMBOLIM, India, July 22 (Reuters) - The Group of 20 (G20) major economies meeting in India failed on Saturday to reach consensus on phasing down fossil fuels following objections by some producer nations. The G20 member countries together account for over three-quarters of global emissions and gross domestic product, and a cumulative effort by the group to decarbonise is crucial in the global fight against climate change. A joint communique is issued when there is complete agreement between member nations on all issues. A draft late on Friday reviewed by Reuters read: "The importance of making efforts towards phase down of unabated fossil fuels, in line with different national circumstances, was emphasized." Singh, in a press briefing after the conference, said some countries wanted to use carbon capture instead of a phase down of fossil fuels.

Persons: R.K, Singh, Sudarshan Varadhan, Nidhi Verma, William Mallard, Andrew Cawthorne Organizations: Power, Reuters, Thomson Locations: BAMBOLIM, India, China, United States, Bambolim, Goa, Ukraine, Saudi Arabia, Russia, South Africa, Indonesia

☆ Oil markets will face 'serious problems' as demand from China and India ramps up, IEF secretary general says
▼ + stars: | 2023-07-22 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +2 min

Oil prices are expected to increase in the second half of 2023, according to the International Energy Forum. Oil prices are set to rise in the second half of the year as supply struggles to meet demand, according to the Secretary General of the International Energy Forum. McMonigle attributes the push in oil prices to increasing demand from China — the world's largest importer of crude oil — and India. "India and China combined will make up 2 million barrels a day of demand pick-up in the second half of this year," the Secretary General said. Asked if oil prices could once again spike to $100 a barrel, he noted that prices are already at $80 per barrel and could potentially go higher from here.

Persons: Joseph McMonigle, we're, McMonigle, General, —, Brent Organizations: International Energy, International Energy Forum, CNBC, of, Petroleum, West Texas Locations: Goa, India, China, OPEC

☆ Australia expects unemployment rate to rise as global economy slows
▼ + stars: | 2023-07-16 | by ( ) www.reuters.com time to read: +1 min

SYDNEY, July 16 (Reuters) - Australian Treasurer Jim Chalmers said on Sunday that he expected the nation's jobless rate to lift from near a 48-year low on the back of higher interest rates and slowing global growth. The Reserve Bank of Australia (RBA) has said the jobless rate would need to rise to about 4.5% - still well below pre-pandemic levels - to bring the economy back into balance. Unemployment was expected to lift "a bit as the economy slows as a consequence of higher interest rates and global economic uncertainty", Chalmers said ahead of attending a meeting of Group of 20 (G20) finance ministers and central bankers in India with outgoing RBA Governor Philip Lowe. The RBA this month kept the cash rate at an 11-year high of 4.10%, having lifted rates by 400 basis points since May last year, but warned that further tightening might be needed. Reporting by Sam McKeith in Sydney; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Jim Chalmers, Chalmers, Philip Lowe, Sam McKeith, Jamie Freed Organizations: SYDNEY, Bank, Treasury, Australian Broadcasting Corp, Reserve Bank of Australia, Australian Bureau, Statistics, Thomson Locations: India, Sydney

☆ Australia upbeat on global tax talks at G20 in India
▼ + stars: | 2023-07-15 | by ( ) www.reuters.com time to read: +2 min

[1/2] Workers work to install a hoarding board near the venue of G20 Finance Ministers and Central Bank Governors meeting at Gandhinagar in Gujarat, India July 13, 2023. REUTERS/Amit DaveSYDNEY, July 15 (Reuters) - Australian Treasurer Jim Chalmers expressed optimism on Saturday about progress on a long-awaited overhaul of global corporate taxation at a meeting of Group of 20 (G20) nations in India. More than 140 countries were supposed to start implementing next year a 2021 deal overhauling decades-old rules on how governments tax multinational corporations. The rules are widely considered outdated as digital giants like Apple or Amazon can book profits in low-tax countries. The second pillar calls on governments to end competition on tax rates between governments to attract investment, by setting a global minimum corporate tax rate of 15% from next year.

Persons: Amit Dave SYDNEY, Jim Chalmers, Chalmers, Philip Lowe, Sam McKeith, William Mallard Organizations: Ministers, Central Bank Governors, REUTERS, ABC, Reserve Bank of Australia, Thomson Locations: Gandhinagar, Gujarat, India, Sydney

NEW DELHI, July 13 (Reuters) - Global finance chiefs will meet in India next week to discuss increasing loans to developing nations from multilateral institutions, reforming the international debt architecture and regulations on cryptocurrency, Indian officials said. The finance ministers and central bank governors from the Group of 20 (G20) nations will also discuss a multilateral agreement on taxing conglomerates with cross-border operations, while the Russian war in Ukraine was also bound to come up, they said. Senior treasury officials from Russia and China are also expected to attend, according to two Indian officials, who did not want to be named. The finance ministers and treasury heads will also attempt to bring agreement on the principles of managing cryptocurrencies in their respective geographies. Additional reporting by Maria Martinez and Leigh Thomas; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: Janet Yellen, Ajay Banga, Kristalina Georgieva, Lawrence Summers, N.K, Singh, Ajay Seth, Maria Martinez, Leigh Thomas, Raju Gopalakrishnan Organizations: Global, Treasury, International Monetary Fund's, Economic, IMF, Organisation for Economic Co, Development, OECD, Thomson Locations: DELHI, India, Ukraine, Gandhinagar, Gujarat, New Delhi, U.S, Russia, China, Zambia, Ghana

☆ India and China are kicking out each others' journalists in latest strain on ties
▼ + stars: | 2023-06-06 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

Visa spatOn Sunday, Xinhua published a first-person account from Hu Xiaoming, the state agency’s New Delhi bureau chief since 2017, describing the “torment” of Chinese reporters’ “visa hassle” in India. A spokesperson for India’s Ministry of External Affairs on Friday declined to comment on the number of Chinese journalists in the country when asked in a regular briefing. “All foreign journalists, including Chinese journalists, have been pursuing journalist activities in India, without any limitations or difficulties in reporting,” spokesperson Arindam Bagchi said. Bagchi did not confirm that any Indian reporters had lost accreditation in China, but said such reporters had faced difficulties doing their jobs there. Because Chinese reporters are working for state media outlets, New Delhi is also likely looking at them as “state actors,” according to Kewalramani.

Persons: Mao Ning, It’s, Hu Xiaoming, ”, ’, Hu, Arindam Bagchi, Bagchi, Ananth Krishnan, Anshuman Mishra, Narendra Modi’s, “, Manoj Kewalramani, Modi, Xi Jinping, Kewalramani Organizations: Hong Kong CNN —, Beijing, CNN, Foreign, Washington, Visa, Xinhua, India’s Ministry, Affairs, Ministry, Prasar, Foreign Ministry, BBC, Takshashila, Huawei, Shanghai Cooperation Organization – Locations: Hong Kong, Hong Kong CNN — India, China, New Delhi, Beijing, India, Aksai Chin, Ladakh, Delhi, India China, Mumbai, British, Bengaluru, If, United States, Japan, US, Australia, Jammu, Kashmir, Pakistan

☆ New BOJ chief Ueda sticks to upbeat view on wages, global economy
▼ + stars: | 2023-04-14 | by ( Leika Kihara | ) www.reuters.com time to read: +2 min

"The BOJ's forecasts already take into account the chance of a global economic slowdown. But they don't see a severe global recession as a baseline projection," Ueda told a news conference on Thursday after attending the Group of 20 (G20) finance leaders' meeting in Washington. "As our base scenario is for global growth to pick up after a period of slowdown, Japan's wages will likely keep rising," he said. Markets are focusing on the BOJ's first policy meeting chaired by Ueda to be held on April 27-28, when the board will produce fresh quarterly growth and inflation forecasts extending through fiscal 2025. I'll think about it closely once I'm back," Ueda said, when asked about prospects for the April policy meeting.

☆ Exclusive: To measure progress on sovereign debt, look to actual deals -World Bank's Malpass
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +3 min

Speaking a day after the first meeting of a new sovereign debt roundtable, Malpass told Reuters several other issues still needed to be resolved, including China's previous insistence that multilateral development banks also accept losses as part of debt restructuring deals. "Progress in debt restructurings will be measured by actual countries that achieve a restructuring. Reuters reported Beijing was poised to drop its demand that multilateral development banks share in debt restructuring losses, partly in exchange for the IMF and World Bank providing earlier access to their debt sustainability analyses for countries receiving debt treatments. China had also raised concerns about how to deal with domestic debt restructuring and how to treat project loans and projects with dedicated revenues, he said. Private sector creditors who also participated in Wednesday's meeting had indicated that they would want to participate in debt restructuring deals as part of their fiduciary responsibility, Malpass said, calling that a positive development.

☆ Global watchdog issues blueprint for banks to report cyber attacks
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +1 min

LONDON, April 13 (Reuters) - The G20's financial watchdog on Thursday recommended a blueprint for banks to report cyberattacks in a common format in a bid to speed up responses to hacking and limit the fallout on financial stability. The Financial Stability Board (FSB), which comprises central banks, financial regulators and treasury officials from the Group of 20 (G20) major economies, set out the recommendations following a public consultation. "The interconnectedness of the global financial system makes it possible that a cyber incident at one financial institution (or an incident at one of its third-party service providers) could have spill-over effects across borders and sectors," the FSB said in a statement. "Over the last decade, however, meaningful differences have and continue to emerge in the requirements and practices associated with cyber incident reporting." Reporting by Huw Jones Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Sovereign debtors, creditors agree on steps to jumpstart debt restructurings
▼ + stars: | 2023-04-13 | by ( Andrea Shalal | ) www.reuters.com time to read: +4 min

WASHINGTON, April 12 (Reuters) - Global creditors, debtor nations and international financial institutions on Wednesday agreed to improve data sharing, set clearer timetables and take other steps aimed at jumpstarting debt restructuring processes. Reuters reported Beijing was poised to drop its demand that multilateral development banks share in debt restructuring losses, partly in exchange for the IMF and World Bank providing earlier access to their debt sustainability analyses for countries receiving debt treatments. The statement said the debt roundtable participants agreed on the importance to urgently improve information sharing on macroeconomic projections and debt sustainability assessments in debt treatment cases. "This work will also help in clarifying potential timetables to accelerate debt restructurings," the statement said. It said the IMF, World Bank and the G20 presidency will continue to work closely together and with other partners to further support the international response to current debt challenges.

☆ Sovereign debtors, creditors agree steps to jumpstart debt restructurings
▼ + stars: | 2023-04-12 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

WASHINGTON, April 12 (Reuters) - Global creditors, debtor nations and international financial institutions on Wednesday agreed to improve data-sharing, set clearer timetables and take other steps aimed at jumpstarting debt restructuring processes. "The discussion focused on the actions that can be taken now to accelerate debt restructuring processes and make them more efficient, including under the G20 Common Framework," the statement said. Participants agreed on the importance to urgently improve information sharing on macroeconomic projections and debt sustainability assessments in debt treatment cases, the statement said. "This work will also help in clarifying potential timetables to accelerate debt restructurings," the statement said. It said the IMF, World Bank and the G20 Presidency will continue to work closely together and with other partners to further support the international response to current debt challenges.

☆ Europe cannot turn its back on China, Spanish minister says
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +2 min

MADRID, April 11 (Reuters) - Europe cannot ignore China's role as a key trading partner and important geopolitical player that could help put an end to the war in Ukraine, or provide debt relief for low-income countries, Spanish Economy Minister Nadia Calvino said on Tuesday. "We need to use the time to reinforce our common safety net protecting most vulnerable countries ... and here again we cannot just ignore China. Top officials from China will make their first in-person attendance at the Washington meetings in three years. Calvino said she hoped to deliver good news on debt relief to these countries later this year. Reporting by David Latona and Belen Carreno; Editing by Andrei Khalip and David HolmesOur Standards: The Thomson Reuters Trust Principles.

☆ Rich countries and India should cut a climate pact
▼ + stars: | 2023-04-10 | by ( Hugo Dixon | ) www.reuters.com time to read: +6 min

Emissions from the world’s most populous country are only 7% of greenhouse gases but are growing fast while those produced by rich countries have largely peaked. To do so, it will need policies that incentivise green investment, including accelerating its plans for carbon pricing. Rich countries can also help, even at a time when their budgets are stretched. India could then be much more ambitious in its transition plan and the G7 and other rich countries could mobilise funds, focussing on key bottlenecks. But if the central government comes up with a solution, rich countries could help fund it.

U.S. Secretary of State Antony Blinken told Russian Foreign Minister Sergei Lavrov to end the war and urged Moscow to reverse its suspension of the New START nuclear treaty, a senior U.S. official said. The Russian foreign ministry said Lavrov and Blinken spoke "on the move" for less than 10 minutes at the end of the closed-door session, and did not engage in any negotiations, Russian news agencies reported. Blinken later told a news conference he had told Lavrov to engage in diplomacy during the unscheduled encounter. [1/6] U.S Secretary of State Antony Blinken (top L) walks past Russian Foreign Minister Sergei Lavrov (lower) during the G20 foreign ministers' meeting in New Delhi on March 2, 2023. French Foreign Minister Catherine Colonna said the war in Ukraine had hurt "almost every country on the planet, in terms of food, energy, inflation".

[1/6] A man arranges the flags kept outside the venue for G20 foreign ministers’ meeting in New Delhi, India, March 2, 2023. The Russian foreign ministry said Lavrov and Blinken spoke "on the move" but did not hold negotiations or a meeting, Russian news agencies reported. News of the exchange came at the end of the day-long G20 meeting which, as expected, was overshadowed by the Ukraine war. "Unfortunately, this meeting has again been marred by Russia’s unprovoked and unjustified war against Ukraine," Blinken said. French Foreign Minister Catherine Colonna said the war in Ukraine had hurt "almost every country on the planet, in terms of food, energy, inflation".

[1/6] A man arranges the flags kept outside the venue for G20 foreign ministers’ meeting in New Delhi, India, March 2, 2023. European and U.S. delegates, in New Delhi for the foreign ministers' meeting, have however reiterated that they hold Russia responsible for the conflict, with Germany saying it would use the meeting to counter Russian "propaganda". "You are meeting at a time of deep global divisions," Modi said in a video message as the talks began. The foreign ministers' meeting comes days after a meeting of the G20 finance chiefs that was also dominated by war. The New Delhi meeting is being attended by 40 delegations, including those headed by Russian Foreign Minister Sergei Lavrov, U.S. Secretary of State Antony Blinken and Chinese Foreign Minister Qin Gang.

☆ Most G20 members condemn Ukraine war, except China and Russia
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: 1 min

NEW DELHI, March 2 (Reuters) - Most members from the Group of 20 nations (G20) strongly condemned the war in Ukraine on Thursday, with only Russia and China disagreeing, current president India said after a meeting of the bloc's foreign ministers in New Delhi. India's "chair's summary & outcome document" after the meeting largely stuck to the language used in a similar statement it released following a meeting of G20 financial leaders last week. In that gathering too, Russia and China disagreed with statements condemning the war. Reporting by Shivam Patel in New Delhi Editing by Gareth Jones and Krishna N. DasOur Standards: The Thomson Reuters Trust Principles.

☆ Blinken says G20 meeting in India marred by Russia-Ukraine war
▼ + stars: | 2023-03-02 | by ( Simon Lewis | ) www.reuters.com time to read: +2 min

This year’s host India has declined to blame Russia for the war, seeking a diplomatic solution and sharply boosting its purchases of Russian oil. The G20 should repeat calls – agreed upon by most G20 nations’ leaders in Bali in November - for Russia to end the war and withdraw for the sake of international peace and economic stability, Blinken said. Blinken said Russia has yet to agree to renew the Black Sea Grain Initiative, which facilitates the export of Ukraine's agricultural products, before it expires on March 18. "It is imperative the G20 speak up on behalf of extending and expanding the (Black Sea) grain initiative to strengthen food security for the most vulnerable," Blinken added. Reporting by Simon Lewis and Sudipto Ganguly; Editing by Krishna N. Das and Gareth JonesOur Standards: The Thomson Reuters Trust Principles.

☆ China urges global lenders' involvement in developing nations' debt
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: +2 min

[1/3] Chinese Foreign Minister Qin Gang and India's Foreign Minister Subrahmanyam Jaishankar shake hands before the start of G20 foreign ministers' meeting in New Delhi, India, March 2, 2023. India's Ministry of External Affairs/Handout via REUTERSNEW DELHI, March 2 (Reuters) - Chinese Foreign Minister Qin Gang called on global financial institutions on Thursday to play an active role in restructuring the debt of developing countries. "China has put forth relevant initiatives under the G20," Qin said. "China has suspended more debt service payments than any other G20 member, and participated in the debt treatment under the Common Framework." Last week, China urged G20 nations to conduct a fair, objective and in-depth analysis of the causes of global debt issues and to "resolve the problem in a comprehensive and effective manner".

☆ Blinken has 'no plans' to meet Russian, Chinese counterparts at Delhi G20 meetings
▼ + stars: | 2023-03-01 | by ( Simon Lewis | ) www.reuters.com time to read: +1 min

[1/5] U.S. Secretary of State Antony Blinken speaks during a news conference at the Hyatt Regency in Tashkent, Uzbekistan March 1, 2023. Olivier Douliery/Pool via REUTERSTASHKENT, March 1 (Reuters) - U.S. Secretary of State Antony Blinken said on Wednesday that he has no plans to meet either the foreign ministers of Russia or of China during the Group of 20 (G20) meeting in New Delhi. Russian Foreign Minister Sergei Lavrov and Chinese Foreign Minister Qin Gang are attending the meeting. A Russian foreign ministry official said Lavrov was aiming to meet at least seven foreign ministers before India hosts a welcome dinner on Wednesday for delegates from 40 countries. During his trip to Kazakhstan and Uzbekistan, Blinken met with counterparts from all five Central Asian countries that used to be ruled from Moscow and have strong trade links with Beijing, ahead of the G20 foreign ministers' meeting.

☆ Kremlin's response to China's Ukraine peace plan tepid so far
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +1 min

China, which declared a "no limits" alliance with Russia shortly before Moscow sent tens of thousands of troops into Ukraine a year ago, called for a comprehensive ceasefire in Ukraine on Friday, touting its own peace plan. Kremlin spokesman Dmitry Peskov said in remarks published on Tuesday that Beijing's voice should be heard, but the nuances of the proposal are important. "Any attempt to formulate theses for reaching a peaceful settlement of the problem is welcome, but, of course, the nuances are important," Peskov told the Izvestia daily. Earlier, Peskov said any such initiatives that might bring peace closer were worthy of attention. "We are paying a great deal of attention to the plan of our Chinese friends," Peskov told reporters on Monday.

☆ Most G20 nations condemn Russia for war, China stays silent
▼ + stars: | 2023-02-25 | by ( ) www.cnbc.com time to read: +2 min

Delegates arrive at the venue in Bengaluru where a meeting under India's G20 Presidency has begun on Feb. 22, 2023. Finance chiefs of the world's largest economies strongly condemned Moscow for its war on Ukraine on Saturday, with only China and Russia itself declining to sign a joint statement. U.S. Treasury Secretary Janet Yellen earlier told Reuters that it was "absolutely necessary" for any statement to condemn Russia. Two delegates told Reuters that Russia and China did not want the G20 platform to be used to discuss political matters. Besides the G7 nations, the G20 bloc also includes countries such as Australia, Brazil and Saudi Arabia.

☆ India's push to regulate crypto gains IMF, U.S. support at G20
▼ + stars: | 2023-02-25 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/IllustrationBENGALURU, Feb 25 (Reuters) - A push by Group of 20 (G20) president India to regulate cryptocurrencies gained support from both the International Monetary Fund and the United States on Saturday as finance chiefs of the bloc wrap up two-days of talks. "We haven't suggested outright banning of crypto activities, but it is critical to put in place a strong regulatory framework," Yellen said. Earlier, IMF Managing Director Kristalina Georgieva told reporters after co-chairing a meeting with Indian Finance Minister Nirmala Sitharaman that banning crypto should be an option. The Reserve Bank of India has said that cryptocurrencies should be banned as they are akin to a Ponzi scheme. On Thursday, the IMF laid out a nine-point action plan for how countries should treat crypto assets, with point number one a plea not to give cryptocurrencies legal tender status.

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