Berliner Boersenzeitung - Wars, looming Trump reign set to dominate G20 summit

EUR -
AED 4.073852
AFN 72.104007
ALL 90.769855
AMD 405.067301
ANG 1.985385
AOA 1018.325221
ARS 1713.277178
AUD 1.624983
AWG 1.996716
AZN 1.885131
BAM 1.954983
BBD 2.25865
BDT 139.801599
BGN 1.938846
BHD 0.423063
BIF 3354.716125
BMD 1.109287
BND 1.433637
BOB 13.299943
BRL 6.191928
BSD 1.121428
BTN 105.390474
BWP 15.384891
BYN 3.3577
BYR 21742.017374
BZD 2.255361
CAD 1.581083
CDF 2567.998611
CHF 0.922999
CLF 0.027723
CLP 1091.1057
CNY 7.39933
CNH 7.39771
COP 3646.269428
CRC 507.236117
CUC 1.109287
CUP 26.911758
CVE 110.228889
CZK 24.357549
DJF 199.693681
DKK 7.4752
DOP 68.018024
DZD 151.739405
EGP 59.424261
ERN 16.639299
ETB 182.523628
FJD 2.518301
FKP 0.835327
GBP 0.835642
GEL 2.886075
GGP 0.835327
GHS 13.131994
GIP 0.835327
GMD 82.08723
GNF 9934.79017
GTQ 8.569193
GYD 234.988314
HKD 8.701821
HNL 30.144261
HRK 7.508772
HTG 146.992508
HUF 364.340191
IDR 20227.120128
ILS 3.526477
IMP 0.835327
INR 104.200005
IQD 1699.889879
IRR 2114383.456915
ISK 136.608516
JEP 0.835327
JMD 177.981694
JOD 0.786514
JPY 177.117562
KES 144.16277
KGS 97.006667
KHR 4573.522341
KMF 490.30501
KPW 998.357898
KRW 1478.978323
KWD 0.345265
KYD 0.93441
KZT 500.620868
LAK 25242.072094
LBP 100422.601827
LKR 372.689588
LRD 190.637548
LSL 18.384926
LTL 3.275435
LVL 0.670996
LYD 7.188613
MAD 10.939363
MDL 20.151671
MGA 5074.314796
MKD 61.574231
MMK 2329.19615
MNT 3998.871435
MOP 9.060115
MRU 45.238384
MUR 52.535693
MVR 17.084989
MWK 1944.554204
MXN 20.621178
MYR 4.527002
MZN 70.874032
NAD 18.383021
NGN 1494.076194
NIO 41.266667
NOK 10.603432
NPR 168.625519
NZD 1.99529
OMR 0.426526
PAB 1.121458
PEN 3.821504
PGK 5.036373
PHP 70.670981
PKR 307.909142
PLN 4.402198
PYG 6922.700938
QAR 4.087861
RON 5.344991
RSD 117.602152
RUB 91.817888
RWF 1659.156465
SAR 4.184466
SBD 8.974958
SCR 15.34923
SDG 667.239268
SEK 11.05068
SGD 1.425173
SHP 0.831206
SLE 25.401019
SLL 23261.190252
SOS 640.890046
SRD 41.760191
STD 22959.992994
STN 24.492087
SVC 9.811901
SYP 14422.944033
SZL 18.389893
THB 37.486077
TJS 10.305824
TMT 3.882503
TND 3.342205
TOP 2.670896
TRY 55.750132
TTD 7.604823
TWD 36.553234
TZS 2946.507021
UAH 51.005261
UGX 4575.604165
USD 1.109287
UYU 45.375135
UZS 13427.39077
VES 998.902048
VND 28489.253123
VUV 133.052118
WST 3.092468
XAF 655.957
XAG 0.021796
XAU 0.000282361449
XCD 2.997903
XCG 2.020856
XDR 0.784323
XOF 655.957
XPF 119.331742
YER 262.367796
ZAR 18.464053
ZMK 9984.914678
ZMW 22.848515
ZWL 357.189833
SSP 6418.912999
MXV 2.316387
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

Wars, looming Trump reign set to dominate G20 summit
Wars, looming Trump reign set to dominate G20 summit / Photo: Mauro PIMENTEL - AFP

Wars, looming Trump reign set to dominate G20 summit

G20 leaders gather in Brazil on Monday for a G20 summit set to be dominated by differences over wars in the Middle East and Ukraine, and implications of Donald Trump's White House return.

Text size:

Security considerations -- always high at such meetings -- were elevated further after a failed bomb attack late Wednesday outside Brazil's Supreme Court in Brasilia.

Police were probing the two blasts as a possible "terrorist act" committed by a Brazilian perpetrator, whose death was the sole casualty.

The summit venue is in Rio de Janeiro, in the city's stunning bayside museum of modern art, which is the epicenter of a massive police deployment designed to keep the public well away.

Brazil's leftwing President Luiz Inacio Lula da Silva will be using the opportunity to highlight his position as a leader championing Global South issues while also being courted by the West.

That role will be tested in the months and years ahead as Latin America and other regions navigate "America First" policies promised by Donald Trump when he becomes US president in January.

At this G20, it will be outgoing President Joe Biden who will represent the world's biggest economy, but as a lame duck the other leaders will be looking beyond.

Just before the Rio summit, on Sunday, Biden will make a stop in Brazil's Amazon to underline the fight against climate change -- another issue that Trump is hostile towards.

- Putin absent -

The G20 meet is happening at the same time as the UN's COP29 climate conference in Azerbaijan -- and as the world experiences dramatic climate phenomena, including in Brazil where flooding, drought and forest fires have taken heavy tolls.

At the last G20, in India, the leaders called for a tripling of renewable energy sources by the end of the decade, but without explicitly calling for an end to the use of fossil fuels.

One invited leader who declined to come to Rio is Russian President Vladimir Putin, who said his presence could "wreck" the gathering.

Putin denied an International Criminal Court warrant out against him, for Russia's actions in Ukraine, was a factor in his decision. His foreign minister will represent Russia in Rio.

China's President Xi Jinping, however, will be attending, and will even extend his stay after the summit to make an official visit to Brasilia on Wednesday.

China is Brazil's biggest trading partner, and the two countries have been touting themselves as mediators to help end Russia's war in Ukraine, so far without success.

That conflict, along with Israel's offensives in Gaza and Lebanon, will loom large at the summit.

"We are negotiating with all the countries on the final declaration's passages about geopolitics... so that we can reach consensual language on those two issues," Brazil's chief diplomatic official for the G20, Mauricio Lyrio, said.

Those conflicts will be "the elephant in the room," Flavia Loss, international relations specialist at the School of Sociology and Politics of Sao Paulo (FESPSP), told AFP.

But that should not prevent Brazil from finding consensus on issues that it has made priorities under its G20 presidency, she said, such as the fight against hunger or taxing the world's super-rich.

Lula, heading up Latin America's biggest economy, set out his line in May when he said: "A lot of people insist on dividing the world between friends and enemies. But the more vulnerable are not interested in simplist dichotomies."

- Tax on billionaires -

The Rio G20 summit will open on Monday with Lula officially launching a "Global Alliance against Hunger and Poverty".

The initiative aims to rally nations and international bodies to free up financing for that campaign, or to replicate programs that have previously had success.

And on the issue of taxing billionaires, the G20 countries already declared a desire to cooperate to bring that about, as set out by their finance ministers who met in Rio in June.

It remained to be seen, though, whether the leaders at the summit would pursue that goal, and on what terms.

Following the summit, Brazil hands over the G20 presidency to South Africa.

(P.Werner--BBZ)