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INSANE: 3 - The Real Truth

G20 finance chiefs gather in North Carolina with Iran sanctions and tariffs in focus

Finance ministers and central bank governors from the world's largest economies meet in Asheville, North Carolina, on Monday and Tuesday, hosted by a US administration that is simultaneously pressing allies to help isolate Iran financially and imposing tariffs on several of them.

Euronews

US treasury excludes several reporters from covering G20 finance meet

The US Treasury Department has excluded journalists from several major news organisations, including The New York Times, Bloomberg News and The Wall Street Journal, from covering the G20 finance ministers' meeting in Asheville, North Carolina.

The Times of India

Bank of England governor: AI risks forcing global economic downturn

Warning comes as Chancellor John Healey announced a £100 million fund aimed at backing British AI start-ups

The Independent UK

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AI could cause global economic downturn, Bank of England governor warns

Andrew Bailey said that a ‘future market correction’ could spread across the world if the AI bubble bursts, in a letter to G20 finance ministers.

Evening Standard

AI could cause global economic downturn, Bank of England governor tells G20

Andrew Bailey, in role as financial stability watchdog chief, warns advanced models risk destabilising system

The Guardian - UK

Bessent heads to the G20 to rally allies on Iran as tariffs strain ties

U.S. Treasury Secretary Scott Bessent wants to rally the world's largest economies this week

The Independent UK

Scott Bessent urges G20 to push China to curb exports, boost domestic demand

US Treasury Secretary Scott Bessent will urge G20 members to re-examine trade terms with China. He aims to shrink global imbalances and press Beijing to rebalance its economy. The current flood of exports from China is deemed unsustainable by the US official. Bessent believes other countries must incentivize China to…

The Economic Times

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FM Nirmala Sitharaman meets 3M CEO; explores expansion in advanced manufacturing and R&D

Union Finance Minister Nirmala Sitharaman met 3M Chairman William Brown to discuss India's manufacturing and innovation growth. They assessed institutional priorities, including data security and talent pool engagement. Brown acknowledged India's deep talent pool and government policy support for operations.

The Economic Times

US plans to sanction another bank in effort to clamp down on Iran transactions: Scott Bessent

US Treasury Secretary Scott Bessent said the Trump administration will impose sanctions on another bank this week as Washington intensifies efforts to economically isolate Iran. His warning came ahead of G20 meetings where he plans to seek cooperation, including from China, Iran’s biggest trading partner and oil buyer, on sanctions.

The Economic Times

Dollar near two-week high as Warsh boosts rate-hike bets; yen slips past 160

On Monday, the dollar maintained its strength close to a two-week peak, fueled by expectations of a rate hike in September following assertive comments from the Fed. Meanwhile, the yen fell past the crucial 160-per-dollar threshold, raising concerns about possible intervention. As investors await key U.S. economic reports and discussions…

The Economic Times

US Treasury bars certain journalists from G20 meeting in North Carolina

The US Treasury Department denied credentials to reporters from The New York Times, The Wall Street Journal and Bloomberg for a G20 finance meeting in North Carolina, the latest restriction on media access under US President Donald Trump. Treasury Secretary Scott Bessent said the decision was unrelated to journalists’ viewpoints.

France 24

US Treasury's Bessent faces G20 diplomacy test amid tariffs, Iran war, bond turmoil

US Treasury Secretary Scott Bessent will push G20 economies to reduce trade imbalances, boost growth and cut ties with Iran at meetings in North Carolina. The talks come amid tariff tensions, high energy prices and growing concerns over US debt, which recently crossed $40 trillion.

The Economic Times

FM Sitharaman lands in US for six-day visit for G20 talks and meeting with business leaders

Finance Minister Nirmala Sitharaman has begun a six-day US visit focused on boosting investment ties, engaging business leaders and representing India at the G20 Finance Ministers and Central Bank Governors meeting. Her itinerary includes meetings with investors and CEOs in Chicago and New York, plus engagements on startups, technology and…

The Economic Times

The Week Ahead (Aug. 31-Sept. 6): Shein Set to Raise $1.8 Billion in Hong Kong IPO

U.S. to impose up to 100% tariffs on imported drones; U.K. temporarily lowers audit requirements for Chinese listings

Caixin Global

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The Economic Times

Japan's finance minister, BOJ chief to attend G20 gathering next week

Japan's finance minister and central bank governor will attend the upcoming G20 meeting. Policymakers will discuss the global economic fallout and the persistently weak yen. Financial markets are watching for potential meetings with U.S. Treasury Secretary Scott Bessent. The yen has shown some recovery after joint intervention but remains under…

The Economic Times

20 economies, 2 days and Trump’s G20 agenda — including Iran ties

The US Treasury plans to address global trade imbalances and boost economic growth. Secretary Bessent will urge major economies to cut remaining ties with Iran. He will also discuss sovereign debt and US borrowing costs with counterparts. Washington seeks international compliance with its Iran sanctions campaign. This meeting aims to…

The Independent UK

The world’s most vulnerable need help more than ever – Labour needs to restore international aid spending

COMMENT: A staged return to a restored and fit-for-purpose aid budget should be part of Andy Burnham’s long-term vision writes Labour MP Fleur Anderson. But, the world's challenges are too large to be met by increased donor funding; we need to also use Britian’s influence

The Economic Times

Piyush Goyal to visit US in September for G20 trade meet, talks with USTR Greer

Commerce Minister Piyush Goyal will visit the US in late September for important trade discussions. He will attend the G20 Trade Ministerial and meet with USTR Jamieson Greer. Trade pact issues and boosting two-way commerce will be key discussion points. India seeks a comparative advantage for its goods in the…

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The Economic Times

Finance Minister to leave for 8-day official trip to Canada, US; focus on deepening bilateral ties

Finance Minister Nirmala Sitharaman will visit Canada and the United States for economic discussions. She will participate in the G20 Finance Ministers and Central Bank Governors meeting in Asheville. Sitharaman will engage with Canadian business leaders and explore investment opportunities. In the US, she will meet with private sector companies…

The Guardian - UK

The Guardian view on global inequality: extreme wealth threatens democracy

Editorial: New York mayor Zohran Mamdani shows Britain’s Andy Burnham that confronting billionaires need not mean the end of cooperation with Donald Trump

The Guardian - UK

Top economists urge Burnham to sign UK up to UN initiative on global inequality

Open letter signed by 40 academics including Nobel winner Joseph Stiglitz and Kate Pickett, co-author of The Spirit Level

The Guardian - UK

The Fifa family: which confederations could support Infantino or turn against him?

The president is under increasing scrutiny following his World Cup sell-off plan. We look at each confederation’s relationship with the governing body

The Economic Times

Piyush Goyal likely to visit US for G20 trade ministers meet next month

Piyush Goyal, India's Commerce Minister, will travel to the United States, participating in the pivotal G20 Trade Ministerial meeting. His schedule includes crucial discussions with international counterparts aimed at reinforcing trade and investment ties. The ministerial will address significant topics such as forced labor and the weaponization of trade, while…

The Guardian - UK

EU relations, climate crisis and Gaza: why Ed Miliband is fired up by Foreign Office challenges

Labour veteran is said to relish role that requires careful negotiation of Trump and impending G20 leadership

The Independent UK

Voices: It’s time to reset the UK’s ambition when it comes to aid – and show we can be a force for good

COMMENT: As the UK prepares to host the G20 summit next year, we have an opportunity to reset our commitment to international development, writes Marsha de Cordova

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