Russia Ukraine War LIVE News: G20 statement to show ‘most’ members strongly condemn Russia’s Ukraine war, says US
Russia Ukraine War LIVE News: The G20 will issue an end-of-summit statement in which “most” members will strongly condemn Russia’s war against Ukraine, a senior US official said Tuesday in Bali.”I think you’re going to see most members of the G-20 make clear that they condemn Russia’s war in Ukraine, that they see Russia’s war in Ukraine as the root source of immense economic and humanitarian suffering in the world,” the official told reporters, speaking on condition of anonymity.
!1 New UpdateClick here for latest updates
Pakistan’s remittances drop amid widening exchange rate gap
Amid the widening exchange rate gap in the country, overseas Pakistanis sent home USD 2.2 billion in the month of October, a decrease of 9.1 per cent from the preceding month. “In Oct 2022, workers’ remittances recorded an inflow of USD 2.2 billion indicating a 9 per cent decrease over last month,” the State Bank of Pakistan (SBP) said in a tweet, last week.
Cambodia PM cancels meetings at G20 in Bali after testing positive for Covid-19
Fed’s top financial regulator urges ‘guardrails’ for crypto
The top U.S. banking regulator at the Federal Reserve is urging Congress to pass legislation that would impose regulation on crypto currencies in the wake of the swift collapse last week of FTX, a leading crypto exchange. Michael Barr, the Fed’s vice chair for supervision, said in prepared testimony released Monday that “recent events in crypto … have highlighted the risks to investors and consumers associated with new and novel asset classes and activities when not accompanied by strong guardrails.”
Japan’s economy shrinks in third quarter on import costs
Japan’s economy shrank in the three months to September, official data showed Tuesday, due to high import costs and weak private consumption despite the end of Covid-19 restrictions. It follows three consecutive quarters of growth, after an initial negative reading in the first quarter was revised upwards.
UK PM announces five new Navy ships, citing Russian threat
Britain will spend £4.2 billion ($4.9 billion) on five new Navy ships to bolster security “in the face of increased Russian threats”, Prime Minister Rishi Sunak said Tuesday in a Downing Street statement. “The UK and allies are taking steps to bolster their security in the face of increased Russian threats,” the statement said.
EU’s Michel: No plan to meet with Russian foreign minister in Bali
European Council President Charles Michel said on Tuesday he had no plan to meet with Russian Foreign Minister Sergei Lavrov on the sidelines of the G20 leaders’ summit. “We should try to use the G20 meeting to try to convince all the partners to put more pressure on Russia,” Michel told a news conference.
G20 statement to show ‘most’ members strongly condemn Russia’s Ukraine war: US
The G20 will issue an end-of-summit statement in which “most” members will strongly condemn Russia’s war against Ukraine, a senior US official said Tuesday in Bali.