• Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Friday, December 5, 2025
Daily The Business
  • Login
No Result
View All Result
DTB
No Result
View All Result
DTB

G20 president warns global turmoil hurts poorer nations

June 27, 2025
in World
G20 president warns global turmoil hurts poorer nations
Share on FacebookShare on TwitterWhatsapp

SUN CITY (South Africa): South Africa’s Foreign Minister Ronald Lamola warned Thursday that growing global fragmentation was fuelling unprecedented turmoil and disproportionately harming poorer nations, urging a united G20 response.

The remarks come as international cooperation is under increasing strain, with multiple devastating conflicts and humanitarian crises.

“State rivalries are fuelling fragmentation, with economic decoupling, and proxy conflicts undermining global stability,” Lamola said during a meeting of G20 diplomats.

The so-called sherpas gathered at a resort around 185 kilometres (115 miles) northwest of Johannesburg in preparation for the summit of the world’s major economies under South Africa’s presidency in November.

Speaking to AFP, Lamola said he was “hopeful that the declaration will persuade and help to encourage the message of peace, good friendly neighbours and the language of de-escalation.”

The three days-long talks are expected to set the tone of the summit in November.

Resolutions taken by the bloc are non-binding in nature and have often failed to reach a consensus on a range of issues including its core finance remit.

The bloc’s richest member — the United States — which is due to take over the presidency did not send a representative to the talks.

In February, Washington also skipped a meeting of foreign ministers in South Africa, suggesting relations between the two countries remain fraught.

South Africa, the first African nation to hold the rotating year-long G20 presidency, aims to champion Global South priorities, including boosting climate resilience and tackling poor countries’ debt.

Russia’s invasion of Ukraine dominated discussions at the last G20 summit in Brazil as well as calls for ceasefires in both Gaza and Lebanon.

The G20 includes G7 nations, the European Union and African Union as well as Russia, China, Brazil, Australia and Saudi Arabia, among other countries.

The bloc account for more than 80 percent of the world’s gross domestic product.

Tags: G20Ronald LamolaRussia’s invasion of Ukraine
Share15Tweet10Send
Previous Post

FATF calls for action on crypto risks – Business & Finance

Next Post

Another bank joins the lineup, telling employees it’s time to get back to the office

Related Posts

Russia’s Sberbank seeks to boost imports, labour migration from India after Putin’s visit
World

Russia’s Sberbank seeks to boost imports, labour migration from India after Putin’s visit

December 4, 2025
Tariffs, AI boom could test global growth’s resilience, OECD says
World

Tariffs, AI boom could test global growth’s resilience, OECD says

December 3, 2025
India’s Adani Group eyes $10 billion fundraise in FY27, official says
World

India’s Adani Group eyes $10 billion fundraise in FY27, official says

November 28, 2025
India expects trade deal with US by end of year, senior official says
World

India expects trade deal with US by end of year, senior official says

November 29, 2025
India approves $816mn rare earth permanent magnets manufacturing programme
World

India approves $816mn rare earth permanent magnets manufacturing programme

November 26, 2025
Niketa Patel Press Freedom at CPJ International Awards
MEDIA

Niketa Patel Highlights Press Freedom at CPJ International Awards

November 26, 2025

Popular Post

  • FRSHAR Mail

    FRSHAR Mail set to redefine secure communication, data privacy

    126 shares
    Share 50 Tweet 32
  • How to avoid buyer’s remorse when raising venture capital

    33 shares
    Share 337 Tweet 211
  • Microsoft to pay off cloud industry group to end EU antitrust complaint

    54 shares
    Share 22 Tweet 14
  • Capacity utilisation of Pakistan’s cement industry drops to lowest on record

    47 shares
    Share 19 Tweet 12
  • SingTel annual profit more than halves on $2.3bn impairment charge

    47 shares
    Share 19 Tweet 12
American Dollar Exchange Rate
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Write us: info@dailythebusiness.com

© 2021 Daily The Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy

© 2021 Daily The Business

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.