Tuesday, March 04, 2025 | 12:24 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

G20 warns of risks to global recovery from coronavirus variants

The G20 gathering in the Italian city of Venice was the ministers' first face-to-face meeting since the start of the pandemic

European Central Bank President Christine Lagarde
Premium

European Central Bank President Christine Lagarde, second from right, arrives for a G20 meeting of Economy and Finance ministers and Central bank governors, in Venice (Photo: AP/PTI)

Reuters Venice
An upsurge in new coronavirus variants and poor access to vaccines in developing countries threaten the global economic recovery, finance ministers of the world's 20 largest economies warned on Saturday.

The G20 gathering in the Italian city of Venice was the ministers' first face-to-face meeting since the start of the pandemic.

Decisions include the endorsement of new rules aimed at stopping multinationals shifting profits to low-tax havens.

That paves the way for G20 leaders to finalise a new global minimum corporate tax rate of 15% at a Rome summit in October, a move that could recoup hundreds of billions of dollars

Disclaimer: No Business Standard Journalist was involved in creation of this content

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in