United Kingdom  

Coronavirus set to top agenda at G20 meet

Video Credit: Reuters Studio - Duration: 01:34s - Published
Coronavirus set to top agenda at G20 meet

Coronavirus set to top agenda at G20 meet

The impact of the new coronavirus outbreak on global growth will be a key issue at this weekend’s meeting of G20 finance leaders.

Ciara Lee reports

The coronavirus could dominate this weekend's meeting of G20 finance ministers.

The outbreak has killed more than 2,200 people in mainland China, and paralysed the world's second-biggest economy.

Bank of Japan Governor Haruhiko Kuroda says it's set to top the agenda at the meeting, which opens on Saturday (February 22) in Saudi Arabia.

A draft summit communique seen by Reuters predicts a modest uptick in global growth this year - but names the virus as a downside risk.

German finance minister Olaf Scholz was asked Friday (February 21) if ministers and central bankers would discuss an international action plan to shield the global economy.

(SOUNDBITE) (German) GERMAN FINANCE MINISTER, OLAF SCHOLZ, SAYING (on CORONAVIRUS IMPACT): "We have to be ready to act if necessary, but for now we are still monitoring developments and we just have to agree that we have to tackle joint problems together." That as French Finance Minister Bruno le Maire said coronavirus would dampen growth.

And suggested France must reduce its dependence on China.

(SOUNDBITE) (French) FRENCH FINANCE MINISTER, BRUNO LE MAIRE, SAYING: "I really think that we have to take this situation of the epidemic to ask ourselves about our strategic dependence in terms of supply for certain industrial sectors.

I've talked about the automobile industry.

I also want to talk about the health industry.

You know that 80 percent of raw materials for active components for medicines come from China or from Asia." Financial leaders of the world's 20 largest economies will also focus on tax at the gathering.

Particularly the question of whether to introduce a global minimum rate for companies and new rules for tech giants.




You Might Like


💡 One News Page Knowledge: Other News Mentions

G20 G20 International forum of 19 countries and the EU

‘Flattening of Covid-19 curve requires collaborative efforts’: Harsh Vardhan [Video]

‘Flattening of Covid-19 curve requires collaborative efforts’: Harsh Vardhan

Union Health Minister Harsh vardhan spoke at a joint meeting with G20 finance and health ministers. Harsh Vardhan said that flattening of the curve requires collaborative efforts. "Current pandemic highlights the need for global solidarity. Flattening the curve will require collaborative efforts. Need to focus on creating an effective healthcare system. Well developed healthcare system can support containing pandemic. Need to ensure that access to covid diagnosis is fair. India stands together with the world to save lives and protect people’s health," he said. The health minister earlier said that the Covid-19 vaccine will be available in india by early 2021. In India, three indigenous vaccine candidates have reached different trial phases. Harsh Vardhan said, "We have been working to develop a covid vaccine. PM Modi has been monitoring vaccine development personally. Planning underway with expert groups about vaccine distribution. Three indigenous vaccine candidates have reached phase I, II and III. An expert group under PM Modi’s guidance is also looking at this. Hopeful that a vaccine should be available by early next year. We are also in touch with world health organization over the issue. We are among those countries which have isolated the virus.

Credit: HT Digital Content    Duration: 04:24Published

Saudi Arabia Saudi Arabia Country in Southwestern Asia

Jamal Khashoggi: Journalist's fiancee sues Saudi crown prince

Hatice Cengiz files a lawsuit against Mohammed bin Salman over the journalist's murder in Istanbul.
BBC News
Fiancee of slain journalist Khashoggi sues Saudi crown prince [Video]

Fiancee of slain journalist Khashoggi sues Saudi crown prince

The fiancee of murdered Saudi journalist Jamal Khashoggi has filed a lawsuit against Saudi Crown Prince Mohammed bin Salman (MBS) over the death of her husband to be.

Credit: Al Jazeera STUDIO    Duration: 03:55Published
In a changing Saudi Arabia, the first dog cafe delights pet lovers [Video]

In a changing Saudi Arabia, the first dog cafe delights pet lovers

Barking Lot is the first pet café in the ultra-conservative kingdom where, until recently, dog-walking was banned from public places.View on euronews

Credit: euronews (in English)    Duration: 01:00Published
Watch: In Mecca, pilgrims return to Islam's holiest site [Video]

Watch: In Mecca, pilgrims return to Islam's holiest site

A very small number of people circled the Kaaba in Mecca on Sunday after Saudi Arabia lifted coronavirus restrictions that had been in place for months.View on euronews

Credit: euronews (in English)    Duration: 00:50Published
Umrah pilgrims return to Mecca [Video]

Umrah pilgrims return to Mecca

Mecca slowly stirred from a seven-month slumber on Sunday as pilgrims trickled in after Saudi authorities partially lifted a coronavirus ban on performing the umrah - a pilgrimage to Islam's two holiest sites that is undertaken at any time of year.

Credit: Reuters Studio    Duration: 00:50Published

Asia Asia Continent

South Korea hosts Asia's largest international film festival [Video]

South Korea hosts Asia's largest international film festival

It has been a bad year for the film industry as the pandemic forced the cancellation of big events - such as the one in Cannes.

Credit: Al Jazeera STUDIO    Duration: 02:24Published
Impossible Foods launches in Asian grocery stores [Video]

Impossible Foods launches in Asian grocery stores

Impossible Foods' faux beef burgers will be sold in grocery stores in Hong Kong and Singapore starting Tuesday, the company said as it vies to bolster its presence in Asia and before entering the potentially lucrative mainland China market. Gloria Tso reports.

Credit: Reuters Studio    Duration: 01:06Published
Watch: Nitin Gadkari initiates blasting work for Zojila tunnel construction [Video]

Watch: Nitin Gadkari initiates blasting work for Zojila tunnel construction

Union Minister Nitin Gadkari on Thursday launched the first blasting for construction-related work at the 14.15 km Zojila tunnel, one of the longest in Asia, that will provide all-year connectivity between Srinagar valley and Leh. The project holds strategic significance as Zojila Pass is situated at an altitude of 11,578 feet on the Srinagar-Kargil-Leh National Highway and remains closed during winters due to heavy snowfall. At present, it is one of the most dangerous stretches in the world to drive a vehicle and this project is also geo-strategically sensitive. Initiating the blast in a virtual ceremony, Road Transport, Highways, and MSMEs Minister Gadkari termed it a "moment of pride" for India.

Credit: HT Digital Content    Duration: 02:03Published
Brazil’s coronavirus deaths pass 150,000 as infection rate slows [Video]

Brazil’s coronavirus deaths pass 150,000 as infection rate slows

Experts say number of new cases falling but rate it still slow compared with countries in Europe and Asia, suggesting it may still be in its first wave.

Credit: Al Jazeera STUDIO    Duration: 02:42Published
'Live' liver donor having six stents in heart, undergoes high risk bypass surgery [Video]

'Live' liver donor having six stents in heart, undergoes high risk bypass surgery

An elderly man, Syed Ishaque who has six stents in his heart, recently underwent successful high-risk bypass surgery at a private hospital in Hyderabad. A team of doctors led by heart surgeon Dr Prateek Bhatnagar, performed bypass surgery operation. Syed Ishaque was the first live liver donor in Asia, and who already had six stents at the time of operation. He had donated his left lobe of the liver to his elder brother in 1998.

Credit: ANI    Duration: 03:20Published

Tweets about this