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TEXT-G7 finance ministers discuss COVID recovery plans, climate

By Reuters Staff
3 Min Read
LONDON, Feb 12 (Reuters) - Finance ministers and central bank heads from the Group of Seven (G7) industrialised nations discussed climate change and how best to ensure recovery from the economic impact of the coronavirus pandemic on Friday.
Following is the text of a statement published by Britain’s finance ministry, which hosted the gathering online.
“The Chancellor today called on his international counterparts to make climate and nature considerations a central part of all economic and financial decision-making in 2021.
“Chairing his first meeting of the G7 Finance Ministers and Central Bank Governors under the UK Presidency, Chancellor Rishi Sunak set out his priorities for the year ahead which also include protecting jobs and supporting the global economic recovery, working to reach a global solution to the tax challenges created by digitalisation of the economy and providing necessary support for the world’s most vulner ....

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Factbox: Technocrat ministers in Draghi's new Italian government

By Reuters Staff
3 Min Read
ROME (Reuters) - Mario Draghi, the former head of the European Central Bank, confirmed on Friday he was ready to form Italy’s next government and unveiled a cabinet with a mix of technocrats and politicians.
Incoming Italian Prime Minister Mario Draghi leaves after a meeting with Italian President Sergio Mattarella at the Quirinale Palace, in Rome, Italy, February 12, 2021. REUTERS/Remo Casilli
Following are portraits of the non-partisan technocrats who took some of the top posts.
ECONOMY MINISTER
Daniele Franco, 67, has spent his career at the Italian Treasury and the Bank of Italy.
He has been deputy governor at the central bank since January 2020 and was previously at the Treasury as state auditor, a key role in the management of public finances. ....

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India to be biggest driver of global energy demand growth in next two decades: IEA

India to be biggest driver of global energy demand growth in next two decades: IEA
Reuters
New Delhi |
Updated on
February 10, 2021
×
India to make up a quarter of global demand growth during 2019-2040; reliance on oil imports to rise above 90% by 2040; gas import dependence to climb above 60% by 2040
India will be the main driver of rising demand for energy over the next two decades, accounting for 25 per cent of global growth, and is set to overtake the European Union as the world’s third-biggest energy consumer by 2030, the International Energy Agency (IEA) said.
India’s energy consumption is expected to nearly double as the nation’s gross domestic product expands to an estimated $8.6 trillion by 2040 under its current national policy scenario, the IEA said in its India Energy Outlook 2021 released on Tuesday. ....

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EU, UK envoys see better chance for global tax progress under Biden

2 Min Read
WASHINGTON (Reuters) - The British and EU ambassadors to Washington said on Monday they were encouraged by signs the Biden administration will re-engage in talks on reforming global tax rules for digital companies after discussions stalled under former President Donald Trump.
European Union Ambassador Stavros Lambrinidis told a trade conference he felt “great optimism” that Treasury Secretary Janet Yellen had shown a willingness to return to talks led by the Organization for Economic Cooperation and Development, adding it was “obvious that digital companies have to pay more tax. It’s just the fair . thing to do.”
Britain’s ambassador to the United States, Karen Pierce, said her country had imposed a unilateral digital services tax in theory, but was not collecting it “precisely to encourage the administration to come and negotiate with us and others.” ....

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Senior Democrats to unveil new $3,000-per-child benefit as Biden stimulus gains steam

Senior Democrats to announce $3,000-per-child benefit as Biden stimulus gains steam
Jeff Stein, The Washington Post
Feb. 7, 2021
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House Speaker Nancy Pelosi, D-Calif., speaks with Rep. Richard Neal, D-Mass., and other members of Congress to discuss the first impeachment vote against President Donald Trump in Washington in 2019.Washington Post photo by Melina Mara
WASHINGTON - Senior Democrats on Monday will unveil legislation to provide $3,000 per child to tens of millions of American families, aiming to make a major dent in child poverty as part of President Joe Biden s $1.9 trillion economic relief package.
The 22-page bill to dramatically expand direct cash benefits to American families was obtained by The Washington Post ahead of its release. ....

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