G20 nations adopt ‘chair summary’ after Russia, China opposition

After days of grueling negotiations, the G20 nations adopted a ‘chair summary’ which recognised a slightly improved global macroeconomic outlook but acknowledged that global growth remains slow and there are headwinds. “Since we last met in October 2022, the global economic outlook has modestly improved. However, global growth remains slow, and downside risks to the … Read more

rupee: More Asian countries interested in Rupee trade: Central bank executive

More Asian countries, such as Indonesia and the United Arab Emirates, are showing interest in using the Rupee as a trading unit, potentially reducing dependence on the world’s reserve currency for cross-border exchange of goods and services. “The world can trade two ways – in one currency and the second option is to trade in … Read more