South Africa's G20 presidency this year will prioritise efforts to help developing countries finance their shift to a low-carbon economy, President Cyril Ramaphosa said, even as the United States radically scales back its support.

Japan told its G20 counterparts that free, open and rules-based trade was important to sustain global economic growth, a senior finance ministry official told reporters on the sidelines of a gathering of the group's finance leaders on Wednesday.

Foreign ministers and senior diplomats from leading rich and developing countries focused on global conflicts, including the Russia-Ukraine war, on the last day of their meeting in South Africa.

February 26, 2025. South African President Cyril Ramaphosa kicked off a gathering of the Group of 20 top economi

Some analysts in Africa say the G20 — a supposed bridge between rich and poor countries — is also for re-galvanizing a global climate agenda after Trump's move to withdraw the

China came out in support of U.S. President Donald Trump's bid to strike a deal with Russia to end the war in Ukraine, at a G20 meeting in South Africa on Thursday, while U.S. allies rallied around Ukrainian President Volodymyr Zelenskiy.

In his own speech before the foreign ministers meeting, U.K. Foreign Secretary David Lammy criticized Russia for what he called “Tsarist imperialism.”

South Africa's rand strengthened against a weaker dollar on Thursday, as investors digested U.S. data and President Donald Trump's tariff plans.

South Africa sought to salvage international talks on tackling global poverty on Wednesday as finance chiefs of several leading economies skipped a gathering of Group of 20 nations in Cape Town held against a backdrop of foreign aid cuts.

Russian Foreign Minister Sergey Lavrov has arrived in South Africa for a two-day meeting of the Group of 20 nations, where top European diplomats are expected to reinforce their support for Ukraine

U.K. Foreign Secretary David Lammy said he saw no appetite for peace from Russia in Ukraine after listening to a speech by Russia's top diplomat at a tense Group of 20 meeting in South Africa on Thursday.

Bank of Japan Governor Kazuo Ueda said on Thursday he met Prime Minister Shigeru Ishiba for a regular exchange of views on the economy and financial markets.