G20 finance ministers and central bank governors pose for a family photo in Fukuoka, Japan, on Saturday. Agence France-Presse
Japan called on Group of 20 counterparts to strengthen coordination to address potential risks to the world economy, as simmering trade tensions and China’s slowdown cloud the global growth outlook.
The global economy is likely to pull out of a brief growth slump later this year — with a little help from the world's central banks and from US and Chinese trade negotiators.
Group of 20 finance leaders on Sunday said that trade and geopolitical tensions have “intensified”, raising risks to improving global growth, but they stopped short of calling for a resolution of a deepening US-China trade conflict.
As part of its participation in Abu Dhabi Sustainability Week (ADSW) 2020, the UAE Space Agency discussed its continuous efforts for achieving a sustainable future, both through space exploration as well as the implementation of innovative space technologies.
Global stock markets rose on Friday, seemingly buoyed by high spirits on Wall Street, as new data suggested China’s economic slowdown may have stabilized and Washington and Beijing signed a trade deal.
In a major move Volkswagen (VW) to acquire 20 per cent stake in a Chinese battery maker. VW is set to buy a stake in Chinese electric vehicle battery maker Guoxuan High-tech Co, according to some sources.
The United Nations (UN) projects India’s economy to grow by 5.7 per cent in the current fiscal year and expects it to rise to 6.6 per cent in the next. The global body also suggested the county should uplift social conditions of labour class especially women.