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Biden Seeks to Assert U.S. Leadership at G20 Amid China and Russia Absence

  • U.S. seeks to strengthen its leadership at G20 summit as China and Russia are absent
  • Biden aims to boost World Bank to counter China's Belt and Road initiative
  • Apple faces risks in China due to iPhone ban and competition from Huawei
  • GM and auto workers union far apart in contract talks, strike possible
  • Fed officials signal rates to stay unchanged at September meeting, but more hikes needed
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US President Joe Biden will discuss various global issues, including the social effects of the Russia-Ukraine war and climate change, at the G20 Summit, reaffirming the US commitment to the forum as the premier platform for economic cooperation, according to White House press secretary Karine Jean Pierre.
US Secretary of the Treasury Janet L Yellen will attend the G20 Leaders' Summit in New Delhi to focus on strengthening the global economy, supporting low and middle-income countries, and addressing global challenges such as climate change and pandemics.
India's presidency of the G20 comes at a challenging time due to geopolitical tensions and competing priorities, requiring the country to refocus its efforts on specific priorities and potentially let go of its role as a mediator between global powers.
Indian Prime Minister Narendra Modi emphasized that the theme of India's G20 Presidency, 'Vasudhaiva Kutumbakam,' is not just a slogan but a comprehensive philosophy derived from the country's cultural ethos. He also highlighted the importance of including the African Union in the G20 and expressed his belief that India will soon be among the top three economies in the world. The G20 Summit, to be held in September, will see increased security measures with 1,500 Delhi Police personnel deployed outside the venue.
India is hosting the G20 Summit in 2023, leading to the beautification of Delhi and temporary train and flight cancellations.
Nigeria is considering joining the G20, as President Bola Tinubu attends the G20 summit in India to promote foreign investment and encourage economic reforms.
US President Joe Biden's participation in the upcoming G20 Summit in New Delhi is uncertain following First Lady Jill Biden's positive Covid-19 test, making him the third major leader to potentially miss the event.
The G20 Summit in Delhi will be attended by more than 40 world leaders, including President Joe Biden and UK Prime Minister Rishi Sunak, while Chinese President Xi Jinping and Russian President Vladimir Putin will not be present.
The Indian government is taking a different approach to the G20 summit, aiming to make it a national endeavor and involve different parts of the country, according to External Affairs Minister S Jaishankar.
The G20, which is meeting in New Delhi, India, has seen a major shift in power dynamics over the past two decades, with the BRICS bloc now having a slightly higher combined GDP than the US, and EU countries accounting for around 20% of the G20's economic output.
U.S. President Joe Biden plans to offer financial support to developing countries in Africa, Latin America, and Asia as an alternative to China's Belt and Road project, taking advantage of Chinese President Xi Jinping's absence at the G20 meeting and China's economic downturn.
President Joe Biden arrives in New Delhi for the G20 Summit, aiming to counter Russian and Chinese aggression while demonstrating the US's commitment to developing countries, despite the absence of Xi Jinping and Vladimir Putin.
President Joe Biden will attend the Group of 20 (G20) summit in India as a supporter, even as the US acknowledges that India's interests may diverge from Washington's, with India seeking to emphasize development issues and bridge the concerns of the world's largest economies with those of the Global South.
India is hosting the G20 summit as Prime Minister Narendra Modi seeks to establish himself as a global leader, but activist Arundhati Roy criticizes the event as a vanity event for Modi and raises concerns about the treatment of minorities in India.
Global leaders at the G-20 summit will issue a warning about the state of the global economy, noting the impact of multiple crises and the likelihood of a downturn.
Prime Minister Narendra Modi and US President Joe Biden discussed ways to deepen and diversify their partnership, including defense, nuclear energy, and emerging technologies, during a private dinner at the G20 Summit, expressing confidence in advancing shared goals of sustainable development and multilateral cooperation.
President Biden aims to rally support for Ukraine and promote American investment in the developing world at the G20 summit in India, presenting new plans for a transit corridor connecting partner nations and unveiling World Bank reforms, challenging China's global trade expansion and providing a better option for emerging economies.
The Group of 20 (G20) is an international organization that aims to unite world leaders around shared economic, political, and health challenges, with its members representing more than 80 percent of the world's economic output. The annual G20 summit brings together finance ministers and heads of state to discuss and address key issues, often culminating in a joint statement of collective action.
UK Prime Minister Rishi Sunak believes that the G20 leaders can address the enormous challenges facing the world and provide leadership, as he attends the summit in Delhi alongside Prime Minister Narendra Modi, who emphasized India's inclusive approach to the G20 presidency and proposed granting the African Union permanent membership.
Prime Minister Narendra Modi urged world leaders at the G20 Summit to overcome the "trust deficit" caused by war and emphasized the importance of finding new solutions to global challenges during his opening address. Additionally, he announced that the African Union has been granted permanent membership in the G20.
The G20 reached a consensus and adopted the New Delhi Leaders Summit Declaration, which called for upholding international law, peaceful conflict resolution, and diplomacy.
China's Xi Jinping and Russia's Vladimir Putin will be absent from the G20 summit, highlighting changing dynamics as leaders focus on domestic issues and pursue alternative multinational organizations, while President Joe Biden sees the event as an opportunity to engage with allies and advocate for U.S. leadership.
The G20 summit is set to feature strongmen leaders with human rights concerns, such as Mohammed bin Salman and Recep Tayyip Erdoğan, reflecting a recognition that involving these countries is necessary for addressing issues like the Ukraine war and achieving consensus on global agreements.
President Joe Biden seeks to fill the power vacuum left by Vladimir Putin and Xi Jinping at the G20 Summit in India, aiming to cement the United States as the world's undeniable power and strengthen diplomatic ties with India while highlighting the staying power of democracies.
Global leaders have announced a multinational rail and ports deal at the G20 summit in New Delhi, aiming to connect the Middle East and South Asia and provide an alternative to China's Belt and Road initiative.
US President Joe Biden described India's plan to build a rail and shipping corridor linking India with the Middle East and Europe as a "game-changing investment" during the G20 Summit, aiming to boost trade, transport energy resources, and improve digital connectivity.
G20 leaders have arrived in Delhi, India for the annual summit, where they will discuss global issues such as inclusive growth, digital innovation, and climate resilience.
The African Union's membership in the G20 will provide an opportunity for the continent to make a significant contribution to addressing global challenges, according to AU Commission head Moussa Faki Mahamat.
The G20 warns of significant headwinds and potential crises impacting the global economy, with concerns over tightening financial conditions, debt vulnerabilities, inflation, and geopolitical tensions.
US President Joe Biden stated that the G20 Summit demonstrated the ability to address urgent global issues, including the climate crisis and economic stability, through collaborative solutions.
The International Monetary Fund's deputy director, Gita Gopinath, congratulates Prime Minister Narendra Modi on successfully hosting the G20 Summit in India, with the leaders discussing various crucial developments and signing a Memorandum of Understanding for the India-Middle East-Europe Economic Corridor.
G20 leaders have committed to reforming the dysfunctional World Trade Organization's dispute settlement system by 2024, aiming to improve global trade and reduce protectionism.
The G20, including U.S. president Joe Biden, has endorsed the Financial Stability Board's recommendations for regulating cryptocurrencies, which could have a significant impact on the prices of Bitcoin, Ethereum, BNB, XRP, and other major cryptocurrencies.
U.S. President Joe Biden held high-level talks with Chinese Premier Li Qiang at the G20 summit in India, discussing stability and downplaying the possibility of China invading Taiwan, while also addressing China's economic challenges and their impact on the global economy.
The G20 Summit hosted by India was regarded as a success for the Modi government, and US President Joe Biden emphasized the importance of human rights and the role of civil society and a free press in his discussions with Prime Minister Narendra Modi. Biden also expressed the desire for a stable relationship with China and praised Modi's leadership and hospitality.
The World Bank is seeking funding from the private sector to expand its lending capacity and address global challenges such as pandemics, climate change, and food insecurity, according to its president Ajay Banga; U.S. President Joe Biden has called on G20 leaders to support the World Bank in order to increase its ability to assist low and middle-income countries.
The G20 summit in India is expected to deliver a group agreement on the need for stricter global regulation on crypto assets, but the underlying fractures and shifting allegiances may render the focus more noise than substance.
President Biden's recent trip to Asia for the G20 summit showcased his accomplishments in diplomacy but also drew attention to concerns about his age.
The G20 summit in New Delhi saw the admission of the African Union, the launch of the India-Middle East-Europe Economic Corridor, and an absence of Xi Jinping and Vladimir Putin, signaling shifts in the international order and a move towards more inclusive organizations; however, Pakistan must address its internal issues to participate in these global trade networks and have its voice heard on issues like Kashmir.
Saudi Arabia's Crown Prince Mohammed bin Salman's attendance at the recent G20 summit in India, along with its inclusion in the China-dominated BRICS coalition and signing of the ship-to-rail economic corridor supported by President Joe Biden, highlights the complex web of alliances and economic opportunities arising from the rivalry between the US and China. These developments show the various economies caught between the two powers seeking to build their own strategic alliances and spheres of influence.