Italy urged that there be no backtracking on a major international taxation agreement at the G20 talks in South Africa, Economy Minister Giancarlo Giorgetti said on Thursday, adding that unilateral approaches would discourage investment.

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.

JOHANNESBURG: South Africa wants to find agreement with the new US government on diplomatic, trade and other issues, President Cyril Ramaphosa said Thursday, after harsh criticism of the country by Donald Trump.

A survey by the independent Chronicles research project showed expectations were high for Trump to make a difference in the war.

The erosion of multilateralism threatens global growth and stability, President Cyril Ramaphosa warned Wednesday at a G20 finance meeting in South Africa marked by the absence of the US treasury secretary.

Reserve Bank deputy governor Andrew Hauser has said it would be “hard to see” how Australia would escape negative flow-on effects from Donald Trump’s threats of a global trade war, however suggested the uncertainty could translate into future rate cuts.

A “window for peace is opening” in Ukraine, China’s top diplomat told a meeting of G20 foreign ministers on Thursday, as the Trump administration ramps up its push to end the war in close coordination with Russia.

A senior Russian official says preparations have begun for a face-to-face meeting between U.S. President Donald Trump and Russian President Vladimir Putin.

US President Donald Trump is in favour of expanding the Group of Seven (G7) leading Western economies to include Russia again, he tells a journalist in Washington. "I would love to have them back," Trump said in response to a question from a journalist at the White House.

PM travelling to Washington following his weekly Commons grilling after announcing dramatic increase in UK’s war chest