REVEALED: 5 | Rare Historical Photos

FSB Chair Warns G20 That Frontier AI Could Accelerate Cyber Attacks and Threaten Financial Stability

FSB Chair Andrew Bailey warns frontier AI could accelerate cyberattacks and amplify financial risks through shared technology providers

International Business Times UK · Aug 31

Bessent Wants a Global Response to China's Export Boom, Tells G20 Countries to Reconsider Terms of Trade

Bessent argued that weakness in China's domestic economy has increased Beijing's reliance on exports, creating mounting pressure on other economies absorbing Chinese goods.

International Business Times · Aug 31

Trump threatens further action as US and Iran exchange fire in new flare-up

Washington says it acted after observing Iran was planning to deploy fresh mines in strait of Hormuz

The Guardian - UK · Aug 31

John Healey tells counterparts to ‘step up’ as he arrives at first G20 summit

The new Chancellor urged a need to ‘step up international co-operation’ on the Middle East and energy prices

The Independent UK · Aug 31

AI-driven cyber risk is top concern for global financial stability, watchdog says

In a letter to G20 finance ministers and central bank ​governors ahead of meetings this week, Bailey, who also serves as the Bank ​of England governor, said many countries do not have systems in place to manage the deployment of advanced artificial intelligence models.

The Economic Times · Aug 31

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 · Aug 31

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 · Aug 31

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 · Aug 31

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 · Aug 31

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 · Aug 31