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G20
Musk, Zuckerberg urge G20 ministers to back AI data center expansion
Elon Musk and Mark Zuckerberg appeared virtually before G20 technology ministers on Tuesday in Chapel Hill, North Carolina, pressing governments to accelerate the construction of AI data centers and the power infrastructure needed to run them. The appeals came amid…
Nvidia’s Huang tells G20 nations to build AI infrastructure or risk falling behind
Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman took the stage Wednesday at the G20 Innovation Ministerial in Chapel Hill, North Carolina, pressing the world's largest economies to rapidly expand AI infrastructure and resist the urge to regulate a…
G20 backs clearer crypto rules, calls digital assets a growth tool
Finance ministers and central bank governors from the Group of 20 agreed to work toward clearer regulatory frameworks for digital assets, with stablecoins and cross-border payments at the center of the discussion, according to a chair's statement released Sept. 1…
IMF chief says global debt nears 100% of GDP, topping WWII-era highs
International Monetary Fund Managing Director Kristalina Georgieva told finance ministers gathered in Asheville, North Carolina, that global public debt has climbed to nearly 100 percent of GDP, surpassing levels last seen after World War II, and warned the trajectory points…
Zelenskyy says Ukraine paused strikes on Moscow at U.S. request
Ukrainian President Volodymyr Zelenskyy held what he described as a "detailed and constructive" phone call with U.S. envoys Steve Witkoff and Jared Kushner on Monday, August 31, with both sides working to set a date for the Americans' first visit…
U.S. allies push back on tariffs, currency move at G20
Treasury Secretary Scott Bessent hosted finance ministers and central bank governors from the world's largest economies in Asheville, North Carolina, on August 31 and September 1, repeatedly touting the performance of the U.S. economy under President Trump. But as the…
Musk, Zuckerberg urge G20 to build more AI data centers
Elon Musk and Mark Zuckerberg on Tuesday urged world leaders to accelerate the construction of AI data centers and the power infrastructure to support them, as the G20 Innovation Ministerial convened in Chapel Hill, North Carolina, for two days of…
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Bessent says EU, UK, UAE back US Iran sanctions push at G20
Treasury Secretary Scott Bessent told finance ministers at the G20 summit in Asheville, North Carolina, on Tuesday that he had secured broad backing from allies to intensify Washington's campaign to strangle Iran's economy, warning that new sanctions targeting banks would…
US pushes hands-off approach to AI regulations at G20
The Trump administration opened a two-day G20 technology ministerial in Chapel Hill, North Carolina, on Tuesday, urging the world's largest economies to adopt a hands-off approach to artificial intelligence governance through a new framework called the "Carolina Principles."
Bessent tells Russia no relief until Ukraine war ends
U.S. Treasury Secretary Scott Bessent told Russian Finance Minister Anton Siluanov on Monday that no economic relief for Russia or agreements on other issues were possible until Moscow's war in Ukraine ends, according to a source familiar with the bilateral…
Europeans protest Russia’s return to G20 finance meeting in North Carolina
Russian Finance Minister Anton Siluanov attended the G20 finance ministers' meeting in Asheville, North Carolina, on Monday — his first in-person appearance at such a gathering since Russia's full-scale invasion of Ukraine in 2022. The Trump administration's decision to include…
Bessent meets Russian delegation at G20 to push Trump’s Ukraine peace plan
U.S. Treasury Secretary Scott Bessent met with a Russian delegation on Monday on the sidelines of the G20 Finance Ministerial in Asheville, North Carolina, pushing President Donald Trump's 28-point peace plan for Ukraine, according to CNBC. The meeting, which reportedly…
UN report finds sea levels rising at record pace
Two reports released Monday in Palau paint a stark picture of the world's oceans under stress: sea levels are rising faster than ever recorded, and coral reefs are caught in a cycle of decline with shrinking windows for recovery. Both…
FSB chief warns G20 that frontier AI is top threat to global financial stability
Financial Stability Board Chair Andrew Bailey told G20 finance ministers and central bank governors on Monday that frontier artificial intelligence models represent the most immediate threat to global financial stability, warning that advanced AI could fundamentally alter the dynamics of…