g20
Leaders from Germany and Spain are calling for a global tax on billionaires to help tackle the costs of the climate crisis. Brazil, which chairs the G20 group of the world’s largest economies, first proposed a tax on the super-rich at a meeting of finance ministers in February. Now, finance chiefs from Germany, Spain and South Africa have joined Brazil in fleshing out the proposal which could see the world’s 3,000 billionaires made to pay a minimum 2 per cent levy on their wealth. “It is time that the international community gets serious about tackling inequality and financing global public go...
Euronews (English)
Global stock markets are on track for their third consecutive week of decline amidst escalating tensions in the Middle East conflict. Reports of explosions in Iran have further fuelled concerns, deepening losses across major world benchmark indices. As risk aversion sentiment prevails, investors are flocking to traditional safe-haven assets such as gold, silver, government bonds, and the US dollar. The Japanese Yen and the Swiss Franc have also seen significant spikes as investors seek refuge. Additionally, crude oil prices surged over 3%, with Brent futures surpassing $90 per barrel following...
Euronews (English)
Stephen Fry, Richard Curtis, Annie Lennox and Forest Whitaker are among a host of celebrities who have written to G20 leaders calling for a reform to debt and climate crises across the world. The letter was sent ahead of this week's Spring Meetings of the International Monetary Fund and the World Bank Group. In their open letter, the leading actors, politicians, artists and economists wrote: "80 years on, we need another Bretton Woods moment," referring to the establishment of the International Monetary Fund (IMF) and World Bank. The "institutions of world finance have lost their muscle", they...
Euronews (English)
Pressure is mounting for global financial reforms to help developing nations tackle climate change. An open letter was sent to G20 leaders ahead of annual World Bank and International Monetary Fund (IMF) meetings this week. It urges them to end “crippling debt” for developing nations and introduce new measures to “make polluters pay”. Signatories include the former Prime Minister of Denmark Helle Thorning-Schmidt, Former Prime Minister of New Zealand Helen Clark, Paris Agreement architect Christiana Figueres as well as celebrities and other influential figures. The more than 100-strong group o...
Euronews (English)
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