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☆ Germany's Scholz: Poland missile blast must be fully investigated
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Nov 16 (Reuters) - German Chancellor Olaf Scholz said on Wednesday a missile blast in eastern Poland near the Ukrainian border, in which two people were killed, should be fully investigated before conclusions are drawn. In his closing statement following the Group of 20 (G20) summit in Bali, Scholz said it was a positive sign that the United States had offered to assist Poland with the probe. Ukraine has blamed the blast on Russia, while U.S. President Joe Biden said the missile was probably not fired from Russia. Wrangling over the Ukraine war dominated the world leaders two-day meeting on the Indonesian island, as Western countries pushed for a condemnation while Russia decried the summit's "politicization". The final declaration said "most members strongly condemned the war in Ukraine", while acknowledging "other views and different assessments of the situation and sanctions".

☆ G20 declaration says leaders deplores Russian aggression against Ukraine
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +1 min

NUSA DUA, Indonesia, Nov 16 (Reuters) - Leaders of the Group of 20 (G20) major economies made a declaration on Wednesday saying they "deplore in the strongest terms" Russia's aggression against Ukraine. The declaration said "most members strongly condemned the war in Ukraine and stressed it is causing immense human suffering and exacerbating existing fragilities in the global economy." It was approved by all members of the G20 bloc, three diplomatic sources told Reuters. International law must be upheld and the threat of the use of nuclear weapons was inadmissible, the leaders said in the declaration, while welcoming the Black Sea grain initiative. Reporting by Stanley Widianto, Andreas Rinke and Ananda Teresia; Writing by Kanupriya Kapoor; Editing by Martin PettyOur Standards: The Thomson Reuters Trust Principles.

☆ Key takeaways from the G20 summit in Bali
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +6 min

Here are key takeaways from the meeting:CONDEMNING RUSSIAN AGGRESSIONMeetings of G20 ministers earlier this year ended without joint declarations because of Russian opposition to references to the war in Ukraine. With the Ukraine war, as well as massive pandemic-era spending packages blamed for fuelling red-hot inflation, the G20 countries said further fiscal stimulus measures should be "temporary and targeted". Besides the meeting with Biden, Xi held talks with Australian Prime Minister Anthony Albanese, South Korean President Yoon Suk-yeol, Canadian Prime Minister Justin Trudeau and French President Emmanuel Macron. A meeting with British Prime Minister Rishi Sunak was cancelled due to scheduling issues, Downing Street said. Xi is set to meet Japanese Prime Minister Fumio Kishida later this week.

☆ G20 leaders' declaration approved at summit - diplomatic sources
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: 1 min

NUSA DUA, Indonesia, Nov 16 (Reuters) - A leaders declaration at the summit of the Group of 20 (G20) major economies was adopted on Wednesday, several diplomatic sources told Reuters. Reporting by Reuters staff; Writing by Martin Petty; Editing by Ed DaviesOur Standards: The Thomson Reuters Trust Principles.

As at other recent international forums, the United States and its allies were seeking a statement from the two-day G20 summit against Moscow's military actions. But Russia, whose forces pounded cities and energy facilities across Ukraine even as the G20 met, said "politicization" of the summit was unfair. [1/12] Leaders gather during the G20 leaders summit in Nusa Dua, Bali, Indonesia, Tuesday, Nov. 15, 2022. China and Russia are close, but Beijing has been careful not to provide any direct material support for the Ukraine war that could trigger Western sanctions against it. Cambodian Prime Minister Hun Sen expressed concern for the health of other world leaders - including Biden - after a positive COVID-19 test forced him to return home early.

"Most members strongly condemned the war in Ukraine and stressed it is causing immense human suffering and exacerbating existing fragilities in the global economy," the draft said, suggesting that Russia had opposed the language. "There were other views and different assessments of the situation and sanctions," said the draft declaration, which was confirmed by a European diplomat. "Recognising that the G20 is not the forum to resolve security issues, we acknowledge that security issues can have significant consequences for the global economy," the draft declaration said. Fiscal stimulus measures should be "temporary and targeted" to cushion the blow of rising commodity costs for the most vulnerable, to avoid adding to inflationary pressures, the draft declaration said. Wrangling over how to describe the war in Ukraine has prevented G20 ministers earlier this year from issuing a joint communique.

☆ Soccer FIFA boss Infantino urges World Cup ceasefire in Ukraine
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +2 min

Speaking during a lunch with leaders of the Group of 20 (G20) major economies on the Indonesian island of Bali, FIFA President Gianni Infantino said the month-long World Cup, which starts in Qatar on Sunday, offered a unique platform for peace. Football and the World Cup are offering you and the world a unique platform of unity and peace all over the world." The World Cup takes place from Nov 20 to Dec. 18 in Qatar, which is the first Middle East country to host soccer's showpiece event. Russia reached the quarter-finals of the last World Cup in 2018 but has been barred from this tournament over its invasion of Ukraine. "Maybe the current World Cup, starting in five days can be that positive trigger," he added.

☆ Zelenskiy urges G20 to adopt Ukraine's plan to restore peace
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +3 min

Zelenskiy called on the G20 leaders at their summit, including U.S. President Joe Biden and Chinese President Xi Jinping, to adopt a 10-point peace formula and end the war "justly and on the basis of the UN Charter and international law". "Please, choose your path for leadership - and together we will surely implement the peace formula," Zelenskiy said. Russia calls its action in Ukraine a "special operation" to disarm Ukraine and protect it from fascists. Ukraine and its Western allies say the fascist allegation is baseless and that the war is an unprovoked act of aggression. "If Russia opposes our peace formula, you will see that it only wants war," Zelenskiy said.

☆ G20 starts in Bali as Ukraine war, raging inflation top agenda
▼ + stars: | 2022-11-15 | by ( Angie Teo | ) www.reuters.com time to read: +6 min

[1/10] China's President Xi Jinping greets Indonesia's President Joko Widodo as he arrives for the G20 leaders' summit in Nusa Dua, Bali, Indonesia, November 15, 2022. "We hope the G20 summit can deliver concrete partnerships that can help the world in its economic recovery," President Joko Widodo said after a bilateral meeting with Biden. But Xi and Putin have grown increasingly close in recent years, and reaffirmed their partnership just days before Russia invaded Ukraine. A statement from the Chinese foreign minister said Xi told Biden nuclear weapons cannot be used and nuclear wars cannot be fought. G20 leaders will denounce the use of, or any threat to use, nuclear weapons, according to an early draft of a G20 statement seen by Reuters.

☆ China praises Russia's opposition to nuclear war at G20 summit
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Nov 15 (Reuters) - Chinese foreign minister Wang Yi told Russian counterpart Sergei Lavrov during a meeting at the Group of 20 (G20) summit that Moscow's position that a nuclear war ought not be fought showed a "rational" and "responsible" attitude. The remarks from Wang come at a time when Beijing is under pressure from the United States and its allies in Europe to use its "no-limits partnership" with Moscow to push for an end to the war in Ukraine. "China noticed that Russia has recently reaffirmed the established position that 'a nuclear war cannot be won and must never be fought,' which shows Russia's rational and responsible attitude," Wang was quoted as saying by state news agency Xinhua. "China is willing to work with Russia to push forward their high-level exchanges and communication in various fields, deepen bilateral practical cooperation and facilitate personnel exchanges," Wang said, according to Xinhua. Reporting by Eduardo Baptista Editing by Tomasz Janowski and Andrew CawthorneOur Standards: The Thomson Reuters Trust Principles.

☆ India's Modi meets Biden at G20 summit, shakes hands with China's Xi
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +2 min

[1/3] President of the U.S. Joe Biden speaks with Prime Minister of India Narendra Modi at the G20 Summit opening session in Nusa Dua, Bali, Indonesia, Tuesday, Nov. 15, 2022. PRASETYO UTOMO/G20 Media Center/Handout via REUTERSNEW DELHI, Nov 15 (Reuters) - India's Prime Minister Narendra Modi discussed global and regional developments in a meeting with U.S. President Joe Biden on Tuesday at the Group of 20 (G20) summit in Indonesia, India's foreign ministry said. Modi also exchanged courtesies with Chinese President Xi Jinping at the end of a G20 dinner, according to government sources. Modi and Xi came face-to-face previously at a summit of regional security group Shanghai Cooperation Organisation in Uzbekistan in September. The Indian premier has also met British Prime Minister Rishi Sunak, World Bank president David Malpass, and International Monetary Fund (IMF) managing director Kristalina Georgieva, among other leaders, at the G20 summit on the Indonesian island of Bali.

☆ India's Modi calls for diplomacy to end Russia-Ukraine conflict
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +2 min

ADITYA PRADANA PUTRA/G20 Media Center/Handout via REUTERSNov 15 (Reuters) - India Prime Minister Narendra Modi on Tuesday urged a return to diplomacy to end the Russia-Ukraine war, reiterating the South Asian nation's call for peace in the ongoing conflict. India has not condemned Moscow's invasion of Ukraine, but Modi told Russian President Vladimir Putin in September that "today's era is not an era of war". "I have repeatedly said that we have to find a way to return to the path of ceasefire and diplomacy in Ukraine," Modi said in his opening remarks at the Group of 20 (G20) summit in Bali, Indonesia. There should be no restrictions on energy supplies and stability in the energy market should be ensured, Modi said. "India's energy security is also important for global growth," said Modi, according to a statement released by the Indian foreign ministry.

☆ Russia's Lavrov says West tried to 'politicise' G20 declaration
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +1 min

NUSA DUA, Indonesia, Nov 15 (Reuters) - Russian Foreign Minister Sergei Lavrov said on Tuesday that Western countries had tried to "politicise" a joint declaration at the Group of 20 (G20) summit, accusing them pushing to include a line condemning Russia's invasion of Ukraine on behalf of all participating countries. A draft declaration by leaders of the G20, seen by Reuters on Tuesday, said "most" members strongly condemned the war in Ukraine, highlighting Russia's strong opposition to any language seen to criticise its actions. "Yes, our Western colleagues tried in every way to make that declaration politicised and tried to push through language that implied condemning the actions of the Russian Federation on behalf of the entire G20, which includes us," Lavrov said. "But let's do this in a fair way and let's make it clear that, on this topic, we have differences," Lavrov said. "Yes, there is a war going on in Ukraine, a hybrid war that the West has unleashed and been preparing for years," Lavrov said.

☆ Shares and bonds chastened as Fed, ECB urge care
▼ + stars: | 2022-11-14 | by ( Lawrence White | ) www.reuters.com time to read: +5 min

Meanwhile dovish comments from European Central Bank policymaker Fabio Panetta saw European bond yields ease, but short-dated rates remained within striking distance of multi-year highs. Panetta said the ECB needs to avoid overtightening as that could destroy productive capacity and deepen a recession. The benchmark European STOXX index rose 0.26% (.STOXX), and MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 0.6%, after jumping 7.7% last week. The dollar index was last seen on Monday at 106.86, still well short of last week's 111.280 top , while the euro eased a touch to $1.032 , after climbing 3.9% last week. The firming dollar also dragged down oil prices, despite the hopes of a demand boost from China's hints at reopening.

☆ Shares and bonds chastened as Fed urges caution
▼ + stars: | 2022-11-14 | by ( Lawrence White | ) www.reuters.com time to read: +5 min

The benchmark European STOXX index rose 0.15% (.STOXX), and MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 0.5%, after jumping 7.7% last week. EYES ON CHINAChinese stocks gained on reports that regulators have asked financial institutions to extend more support to stressed property developers. The support for China's property sector, which consumes a vast amount of metals, boosted copper towards a five-month high. The dollar index was last seen on Monday at 107.15, still well short of last week's 111.280 top , while the euro eased a touch to $1.02875 , after climbing 3.9% last week. The firming dollar also dragged down oil prices, despite the hopes of a demand boost from China's hints at reopening.

☆ Asia's coal phase-out must be gradual, says Mitsubishi Heavy head
▼ + stars: | 2022-11-14 | by ( Leika Kihara | ) www.reuters.com time to read: +3 min

"Previously, the discussion was binary in which you had to choose between renewable energy or existing technology. A "realistic" mix of renewable energy and greener existing infrastructure is needed to help Asia's emerging economies meet a power consumption boom in coming years, Izumisawa said. "You have to think not just about renewable energy, but how to make better use of resources like coal and LNG," he said. Japan, the world's fifth-biggest CO2 emitter, has also called for more focus on promoting the transition of existing fuel plants to greener energy resources. Indonesia is the world's fourth-most populous country and eighth-biggest emitter of greenhouse gases, with coal making up about 65% of its total energy mix.

☆ Xi tells Biden that China and the United States should take history as a mirror - state media
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: 1 min

BEIJING, Nov 14 (Reuters) - Chinese leader Xi Jinping said on Monday during a meeting with U.S. President Joe Biden that China and the United States should take history as a mirror and let it guide the future, according to state news agency Xinhua. The remarks were made at the beginning of Xi and Biden's first in-person talks since Biden became president, on the Indonesian island of Bali ahead of a Group of 20 (G20) summit on Tuesday that is set to be fraught with tension over Russia's invasion of Ukraine. Reporting by Eduardo Baptista; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

☆ Japan working on arranging summit meeting with China's Xi
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: 1 min

[1/2] Visitors stand in front of an image of Chinese President Xi Jinping, at an exhibition titled "Forging Ahead in the New Era" during an organised media tour ahead of the 20th National Congress of the Communist Party of China, in Beijing, China October 12, 2022. REUTERS/Florence LoTOKYO, Nov 14 (Reuters) - Japan is working on arranging a summit meeting between Prime Minister Fumio Kishida and Chinese leader Xi Jinping, Japan's top government spokesperson said on Monday, without elaborating. Chief Cabinet Secretary Hirokazu Matsuno was speaking at a regular news conference. Kishida and Xi are both due to attend the Group of 20 (G20) summit meeting opening on Tuesday in Bali. Reporting by Chang-Ran Kim; Editing by Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.

[1/2] U.S. President Joe Biden watches a cultural performance as he arrives at the Ngurah Rai International Airport ahead of the G20 leaders' summit, near Denpasar, Bali, Indonesia, November 13, 2022. Foreign Minister Sergei Lavrov will represent the Russian president at the G20 summit - the first since Russia invaded Ukraine in February - after the Kremlin said Putin was too busy to attend. Biden and Xi, who have held five phone or video calls since Biden became president in January 2021, last met in person during the Obama administration when Biden was vice president. Both leaders will attend the opening of the G20 summit on Bali on Tuesday. Australian Prime Minister Anthony Albanese is due to join Indonesian President Joko Widodo to address a parallel B20 business forum taking place on Monday ahead of the G20 summit.

Nov 13 (Reuters) - U.S. President Joe Biden will meet Chinese leader Xi Jinping in person on Monday for the first time since taking office, with U.S. concerns over Taiwan, Russia's war in Ukraine and North Korea's nuclear ambitions on top of his agenda. Biden and Xi, who have held five phone or video calls since Biden became president in January 2021, last met in person during the Obama administration. Xi's government has also criticized the Biden administration's posture toward Taiwan as undermining China's sovereignty and territorial integrity. Biden will also discuss Moscow's invasion of Ukraine and plans to be "unapologetic" in his defence of Ukraine, U.S. officials said last week. Biden will also warn Xi that North Korea's continued pursuit of weapons development will lead to an enhanced U.S. military presence in the region, the White House said.

☆ Biden says won't veer into conflict with China, as first summit ends in Asia
▼ + stars: | 2022-11-13 | by ( Nandita Bose | ) www.reuters.com time to read: +3 min

Addressing the East Asia Summit in Cambodia, Biden said the United States would compete with China and speak out over its human rights record, but stressed the importance of peace in the Taiwan Strait and ensuring freedom of navigation in the South China Sea. On China, Biden told the summit that "the United States will compete vigorously.... while keeping lines of communication open and ensuring competition does not veer into conflict," the White House said in a statement. Eighteen countries accounting for half the global economy attended Sunday's East Asia Summit, including the ASEAN nations, Japan, South Korea, China, India, the United States, Russia, Australia and New Zealand. "The United States and its NATO allies are trying to master this space," Lavrov told a news conference in Phnom Penh. Like ally the United States, Australia's ties with China have also deteriorated in recent years.

☆ Factbox: G20 summit: Which leaders will attend Bali summit?
▼ + stars: | 2022-11-12 | by ( ) www.reuters.com time to read: +5 min

It will also mark the first face-to-face meeting between U.S. President Joe Biden and Chinese President Xi Jinping since Biden became president. CHINA'S PRESIDENT XI JINPINGXi's visit to Southeast Asia will be only his second foreign trip since the beginning of the COVID-19 pandemic. UKRAINE'S PRESIDENT VOLODYMYR ZELENSKIY (VIRTUAL)Indonesia invited Zelenskiy to attend the summit as an obsever, although the Indonesian foreign ministry has said he will appear at the summit virtually. INDIAN PRIME MINISTER NARENDRA MODIModi is due to symbolically take over the G20 presidency from current chair Indonesian President Joko Widodo in Bali. He also committed to work closely with the Indonesian president to help deliver a successful summit.

☆ Russia's Putin will not attend G20 summit in Bali- Indonesian official
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: 1 min

JAKARTA, Nov 10 (Reuters) - Russian President Vladimir Putin will not attend a gathering of leaders from the Group of 20 (G20) nations in Bali next week, an Indonesian government official told Reuters on Thursday. Putin will be represented by Russian Foreign Minister Sergei Lavrov, who is due to join one of the meetings virtually, Jodi Mahardi, a spokesperson for the Coordinating Minister for Maritime and Investment affairs, said. Reporting by Ananda Teresia in Jakarta; Writing by Ed Davies; Editing by Muralikumar Anantharaman Editing byOur Standards: The Thomson Reuters Trust Principles.

[1/2] European Council President Charles Michel speaks with European Union foreign policy chief Josep Borrell, European Commission President Ursula von der Leyen and the Chinese President Xi Jinping via video conference during an EU-China summit at the European Council building in Brussels, Belgium April 1, 2022. Olivier Matthys/Pool via REUTERSBEIJING/BRUSSELS, Nov 8 (Reuters) - Chinese authorities behind a major trade expo in Shanghai pulled an opening ceremony address by the European Council president that was set to criticise Russia's "illegal war" in Ukraine and call for reduced trade dependency on China, diplomats said. "President Michel was invited to address 5th Hongqiao Forum/CIIE in Shanghai," Barend Leyts, a spokesman for Michel told Reuters. Europe has been over-dependent on Russia for fossil fuels, leading to a trade imbalance, Michel was to say. Michel was also set to call for China to do more do put an end to the bloodshed in Ukraine.

☆ Regulators propose first global rules before 'crypto winter' thaw
▼ + stars: | 2022-10-11 | by ( Huw Jones | ) www.reuters.com time to read: +3 min

LONDON, Oct 11 (Reuters) - Cryptoasset companies should set aside capital like banks when undertaking similar activities, regulators proposed on Tuesday in their first global rules as a "crypto winter" wiped $2 trillion off the sector, leaving investors nursing losses. The Financial Stability Board (FSB), which coordinates financial rulemaking among Group of 20 Economies (G20), made nine recommendations for members to apply. Currently, the sector is largely unregulated in most countries, having to only comply with rules for safeguarding against money laundering and terrorist financing as regulators warn investors they risk losing every penny. "Concerns about the risks they pose to financial stability are therefore likely to come back to the fore sooner rather than later," Knot said in a letter to G20 finance ministers meeting in Washington this week. The proposals seek cross-border consistency to regulating crypto-assets, particularly as the European Union finalises groundbreaking rules to regulate the sector from 2024.

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