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Business



Latest G20 stories

Australia suffers another G20 moment

Prime Minister Tony Abbott

Robyn Dixon For Australians it's not so bad - most of the time - to be so far away, so overlooked, so seemingly insignificant as to almost never factor in major international news.

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Hollande raises spectre of climate conflict

Climate change raises the prospect of conflict, France's Hollande says.

French President Francois Hollande said failure to address global warming could lead to war, and called on G20 countries to act ahead of a climate change conference in Paris next year.

G20 united on tax , trade, banks and Ebola

Barack Obama.

MARK KENNY Leaders from the world's twenty largest economies have committed to historic levels of cooperation and transparency in a bid to dramatically raise growth, lift millions of people out of poverty, and propel up to 100 million women into the worldwide workforce for the first time.

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'Trench warfare': Climate change in G20 communique

G20

TOM ALLARD The final G20 communique includes a significant passage on climate change after "difficult discussions" among leaders on Sunday, and despite an impassioned defence of coal and fossil fuel industry by Prime Minister Tony Abbott.

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Tighter controls to curb terror funding

National flags on display during the G20 Leaders' Summit in Brisbane.

NASSIM KHADEM A plan to stop the supply of money to terrorist groups such as Islamic State has been backed by the G20 governments.

Putin leaves G20 to catch up on sleep

This handout photo taken and released by G20 Australia on November 16, 2014 shows Russia?s President Vladimir Putin (C) waving goodbye as he leaves the G20 Summit, at the airport in Brisbane. Putin jetted out of Australia after a testy G20 summit where he faced concerted Western fire over the Ukraine crisis, saying he left slightly early because he needed to get some sleep.      AFP PHOTO / Steve Holland/ G20 Australia 
----EDITORS NOTE ---- RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT

LATIKA BOURKE Vladimir Putin has left the G20 summit citing a need to catch up on sleep, after the Kremlin played down reports the Russian President was leaving due to the frosty reception awarded to him by other world leaders over Ukraine.

G20: what's on the table?

G20

Staff reporters Issues on the minds of the world's most powerful leaders.

Climate no impediment to growth: Hockey

Joe Hockey.

LATIKA BOURKE Climate change is not an impediment to economic growth, Australia's Treasurer Joe Hockey said on Sunday.

Obama warning on defence, climate change

US President Barack Obama delivers a speech at the University of Queensland, during his visit to Brisbane to attend the G20 summit, on Saturday 15 November 2014. Photo: Alex Ellinghausen

MARK KENNY The President had strong words for potential aggressor states such as China, Russia, and North Korea, and said all nations had a responsibility to act on climate change.

G20 finance ministers exceed expectations

Resolute: Treasurer Joe Hockey at the G20.

PETER MARTIN The G20 finance ministers meeting in Brisbane has endorsed plans for boosting the global economy that go well beyond their earlier of 2 per cent by 2019.

Climate change goes on G20 agenda

US President Barack Obama delivers his speech in Brisbane.

AMY REMEIKIS It may not be the heat leaving Australia's leaders red-faced.

Hockey pledges action on 'patent boxes'

Joe Hockey at the G20.

PETER MARTIN Treasurer singles out for special attention action on so-called "patent boxes" where companies pay much lower tax on the portion of their income they say derives from intellectual property.

Abbott lament: failure to pass tax on GP visits

Prime Minister Tony Abbott during the G20 summit: his opening address to the Leaders' Retreat took a domestic focus.

LATIKA BOURKE PM expresses his frustrations to world leaders at his inability to impose a $7 fee on GP visits and blamed voters who love free Government programs for supporting wasteful spending.

G20 Brisbane Live: November 15

abbott

JUDITH IRELAND G20! It is here, in all its barricaded glory. For this weekend, Brisbane is the centre of the universe. World leaders have come to talk growth and resilience. And they are not leaving without a communique.

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The leaders and their agendas

g20

INTERACTIVE: A quick snapshot of the various leaders' agendas at the Brisbane G20 summit.

New energy body mooted

A new energy body has been mooted at the G20.

LATIKA BOURKE Global leaders meeting in Brisbane are set to lay the foundations for a new body that would govern the "affordable and reliable" delivery of energy to the world.

US fund puts pressure on Australia

President Barack Obama arrives in Brisbane for the G20.

Nick O’Malley The surprise revelation that the United States would contribute $US3 billion to a global climate change fund appears to have been designed to increase pressure on Australia to take the issue more seriously, says a board member of the fund.

Abbott denies Plibersek G20 access

Denied access: Tanya Plibersek.

LATIKA BOURKE Prime Minister Tony Abbott has denied Labor's Foreign Affairs spokeswoman Tanya Plibersek permission to attend the G20 in Brisbane, despite his plea for the opposition to get behind "Team Australia".

US pledges $2.5b to fight climate change

The new power generation: US President Barack Obama and Chinese President Xi Jinping at the end of their news conference in Beijing.

AMY REMEIKIS The United States has pledged $2.5 billion to help poor countries combat climate change, just days after signing a "game changing" deal with China to cut its carbon emissions by almost a third by 2030.

Infrastructure 'hub' a G20 legacy for Sydney

Lasting legacy: World leaders will endorse Sydney as the host of a new global infrastructure hub.

MATT WADE World leaders are set to gift Sydney a lasting legacy from the G20 when they endorse the city as the host of a new global infrastructure hub.

Plan to make banking giants more resilient

A visitor walks through the media centre ahead of the G20 Summit in Brisbane on November 13, 2014. Brisbane will host the G20 Leadership Summit on November 15-16. AFP PHOTO/Peter PARKS

CLANCY YEATES Preventing taxpayer-funded rescues of the world's biggest banks will be one of the top priorities for global leaders meeting in Brisbane this weekend.

We don't need another growth target

Hosting world leaders: Prime Minister Tony Abbott with British Prime Minister David Cameron at an event in Sydney on Friday ahead of the G-20 meeting in Brisbane.

William Pesek Fact is, the G20 will struggle to meet current growth hopes, let alone elevated ones. Rather than obsessing over a nonsense target, Mr Abbott should be focused on making investments at home that will raise productivity and fuel innovation.

Cameron's surprise shirt-front moment

Mr Cameron joked he feared he was in for a

JUDITH IRELAND Prime Minister Tony Abbott could be forgiven for hoping that it was only Australia that had been paying attention to the potential showdown.

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Wipe IS web propaganda, urges Cameron

David Cameron

LATIKA BOURKE British Prime Minister David Cameron has called on governments and internet companies to do more to wipe Islamic State propaganda from the web.

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Tax deal aims for even playing field

ATO.

NASSIM KHADEM Countries may have to battle for revenue from digital companies once the global plan to stop tax avoidance succeeds, says the OECD's head of tax, but at least they now have something to fight for.

Gifts for foreign officials tops $3.4m

Purchases of gifts for foreign officials have surged in the run-up to the G20 summit in Brisbane.

Philip Dorling The Australian government has spent more than $3.4 million on gifts for foreign dignitaries and officials, with purchases surging in the run-up to the G20 summit in Brisbane.

Tony Abbott tries hostessing, G20 style

Chums: British Prime Minister David Cameron (left) and Australian Prime Minister Tony Abbott.

JACQUELINE MALEY Opinion Call it Tony Abbott's Mrs Dalloway moment. History has not recorded whether our Prime Minister Tony Abbott has read the classic Virginia Woolf novel.

Abbott: jobs and growth top the G20 agenda

Jobs not climate: Prime Minister Tony Abbott on Thursday at ASEAN, with leaders from Thailand, Vietnam and Myanmar.

Prime Minister insists jobs and economic growth must remain front and centre of the G20 agenda, pushing back against renewed momentum for climate change to be discussed at the meeting.

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Russian warships in 'routine exercise'

Russian warship Varyag.

DAVID WROE A fleet of Russian warships continued to steam south closer to the G20 host city of Brisbane on Thursday as experts stressed the show of force was aimed at the world as a whole, not just Australia.

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How much do you know about the G20?

G20

Judith Ireland Take the G20 quiz and see how much you really know about the elite world leaders' summit.

Keating: US-China emissions deal exposes PM

Climate change must be on the G20 agenda: Paul Keating

LATIKA BOURKE Former prime minister Paul Keating says the landmark climate change deal struck between China and the US exposes the "nonsense" of the Abbott government's policies.

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Barack Obama praises 'historic' climate deal

The new power generation: US President Barack Obama and Chinese President Xi Jinping at the end of their news conference in Beijing.

Philip Wen, James Massola, Lisa Cox, Peter Hannam Barack Obama says the US and China have 'a special responsibility' to lead the global effort on climate change.

Pick 'n' mix G20 leaders

G20 pick 'n mix leaders.

INTERACTIVE: Looking to create the perfect leader? Use our interactive to create your ideal leader from the G20 summit in Brisbane.

Leaders mull new model for 'too big to fail'

ANZ chief Mike Smith says buffer levels are the most important banking item on the G20 agenda.

Clancy Yeates and James Eyers G20 leaders gathering in Brisbane will consider a plan to protect taxpayers from bailing-out failing banks.

Pope calls for G20 not to forget poor

Pope Francis has written to Tony Abbott, calling for the G20 to not forget the world's poor.

Judith Ireland, Tom Allard Inequality has grown significantly among G20 nations in the past year, with the richest 1 per cent of people enjoying an extraordinary $US6.2 trillion boost to their wealth, according to a new analysis by Oxfam.

Luxury Mexico resort for G20 gas talkfest

The Fairmont Pierre Marques.

HEATH ASTON It was once the private holiday retreat of American oil baron Jean Paul Getty.

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G20 leaders in the mood to act on tax

IKEA.

TOM ALLARD Ahead of next weekend's G20 summit, the release of leaked documents showing Luxembourg's facilitation of industrial scale tax avoidance by multinational corporations could not have been better timed.

Brisbane summit to focus on economic growth

Black Hawk in Brisbane

Paul Osborne The G20 summit is where global economic matters get ironed out, but a wealth of other issues are demanding attention.

Australia on alert as cyber threats circle G20

Police and security staff undertake a G20 preparation exercise. Cyberspace is also getting a security treatment.

HANNAH FRANCIS Top security expert warns cyber criminals will be targeting Australia during the G20, with non-government agencies likely to be the "weakest link".

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Joyce lauds imminent China beef export deal

Barnaby Joyce:

JAMES MASSOLA Agriculture Minister says an imminent deal to export up to 1 million head of live cattle to China annually would be a significant boost for Australian farmers.

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Obama plans 'landmark' speech in Brisbane

US President Barack Obama in the Oval Office.

US President Barack Obama will deliver a "landmark" speech on American leadership in the Asia-Pacific while in Brisbane for the G20 summit.

Climate change hopes for G20 diminished

Spotlight at the G20 unlikely to fall on climate change.

PETER HANNAM Climate change remains all but absent from the G20 summit, with a related energy efficiency plan omitting mention of global warming as a motivation for curbing energy use, according to a draft of the plan.

'Mistake for Australia to snub China'

''We should have been there'': Geoff Raby, the former Australian ambassador to China.

Su-Lin Tan Australia should not have refused to become a founding member of the new Asian Infrastructure Investment Bank says a former Australian ambassador to China

IPCC lines up for a sixth climate audit

New York's climate march last month.

PETER HANNAM More than a quarter of a century old and the bane of global warming sceptics everywhere, the Intergovernmental Panel on Climate Change isn't about to fade into the sunset.

Hockey lauded for G20's narrow focus

Federal Treasurer Joe Hockey has done well to keep the G20 meeting in Brisbane focused on a few topics, Citigroup says.

VESNA POLJAK Citigroup Australia boss Stephen Roberts believes Australia’s presidency of the Group of 20 will go down as one of the most successful stewardships of the global forum.

Charities, aid agencies locked out of G20

Charities which support children in developing countries fear having their voices silenced at next month's G20 summit in Brisbane.

MATT WADE Groups representing charities, aid agencies and community organisations are being shut out of next month's G20 summit.

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G20 security forces finish last major training

The motorcade is ready to roll as G20 security is put through its paces.

KRISTIAN SILVA While most of Brisbane was enjoying a Labour Day sleep-in, 800 people were taking part in the final G20 security exercise before the world's most powerful leaders arrive in the River City next month.

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Hockey hails G20 meeting a success

Treasurer Joe Hockey speaks at the conclusion of the G20 meeting of finance ministers in Cairns.

Gareth Hutchens, James Massola Treasurer Joe Hockey says G20 finance ministers are 90 per cent of the way towards meeting a 2 per cent target for additional global growth.

24 days of free music for G20 Brisbane

Tom Busby and Jeremy Marou wowed the G20 audience in Cairns.

NATALIE BOCHENSKI Brisbane will host dozens of free concerts as part of the G20 Cultural program.

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More restricted zones added to Brisbane G20

The Performing Arts Complex sits at the heart of the South Bank cultural precinct.

TONY MOORE Three extra Brisbane hotels have been added to the restricted zone for the G20 leaders' meeting in Brisbane in November.

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Obama to own airspace for 80 minutes

Obama: World appalled by murder of Foley (Thumbnail)

AMY REMEIKIS For 80 minutes in November, the most powerful man in the world will be able to add Brisbane airspace to the list of things under his control.

G20 'test run' a success: police

Police stand guard outside the Cairns Convention Centre.

Cleo Fraser Security plans for the G20 leaders' summit will be tweaked after a successful test run during the finance meeting in Cairns, police say.

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Putin 'to face icy reception at G20'

US Treasury Secretary Jack Lew with Treasurer Joe Hockey in Cairns.

James Massola, Gareth Hutchens US Treasury Secretary Jack Lew has predicted Russian President Vladimir Putin will face an icy reception at the G20 leaders meeting.

Global tax reform top of the agenda for G20 finance ministers

Joe Hockey with IMF chief Christine Lagarde in Cairns.

GARETH HUTCHENS The world’s most powerful central bank governors and finance ministers gather in Cairns this weekend for a series of highly charged economic meetings.

Door left open for Vladimir Putin to attend

Russia expected to attend G20: President Vladimir Putin.

Gareth Hutchens, David Wroe Treasurer Joe Hockey says he expects Russia to attend the G20 Leaders’ Summit in Brisbane in November despite concerns over its actions in Ukraine

Shorten again calls for ban on Putin

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LATIKA BOURKE Opposition Leader Bill Shorten has renewed his calls for the government to consider banning Russian President Vladimir Putin from attending the G20 in Brisbane in November.

Community groups fear G20 impact on homeless and other vulnerable people

Protesters at the Melbourne G20 meeting in 2006.

CAMERON ATFIELD Community groups will meet in Brisbane next to discuss concerns over the G20 summit's impact on the homeless, the mentally ill and other vulnerable people.

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Heat on Joe Hockey over tax avoidance deal as government prepares to host G20

Treasurer Joe Hockey.

GEORGIA WILKINS Labor has accused the government of procrastinating on a key measure to stop multinational companies shifting profits offshore.

G20 organisers say scrutiny will prevent abuse of police powers

Queensland police

CAMERON ATFIELD Organisers of the police presence at November's G20 have assured residents near the planned restricted zone they have nothing to fear from increased police powers.

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Eric Abetz urged to take child labour concerns to G20 employment ministers

Children in Delhi suburbs work from 5am to 6pm every day winding plastic rope, says World Vision.

ANNA PATTY Employment minister Eric Abetz has been urged to raise the issue of child labour in sweatshops with his international colleagues next week when he hosts a meeting of G20 employment ministers.

Let Putin come to G20, says MH17 victims Roger and Jill Guard's son

Remembering Roger and Jill Guard.

Australia should not ban Russian President Vladimir Putin from the G20 summit in Brisbane, says the son of a Queensland couple killed in the downing of Malaysia Airlines flight MH17.

OPINION

Three-way G20 tryst an awkward affair

The trouble with threesomes is that no one is quite sure what goes where.

Finally Abbott scores a victory with his words on climate change

Tony Abbott managed to snatch summit victory, but it was almost buried under a pile of international indignation at his suspected climate change denialism.

Abbott shirt-fronted by climate change reality

It was reality that shirt-fronted Prime Minister Tony Abbott at the G20 summit, the reality that everyone else was concerned about climate change.

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G20 communique: a step-by-step guide

Deciphering the G20 communique delivered at the summit in Brisbane.

VIDEO

Putin said to leave G20 early amid tensions

After Western leaders blasted Moscow for its role in the Ukrainian crisis, Russian President Vladimir Putin plans to leave the G20 summit early, according to a member of his delegation.

The G Two Oh

As BrisVegas opens its arms to the world's leaders,Tony and Vlad will work their chemistry and no-one will talk about shirt-front diplomacy or global warming.

G20: what is it?

Brisbane will reap $100 million in economic benefits from the G20 summit, the most important leaders' conference to be held in Australia.

Show of force on Brisbane river

A 14-strong flotilla of police vessels cruise the Brisbane river on Thursday as water restrictions come into force ahead of G20.

G20 media centre tour

A convention centre hall is converted into a huge G20 media centre for more than two thousand journalists, cameramen and photographers. Nine News

Stop the (Russian) boats

A fleet of Russian warships is headed toward Australia in an apparent display of muscle-flexing ahead of the upcoming G20 meeting. 2UE's John Stanley and Garry Linnell discuss.

Trade, G20 and climate targets

Does cutting unemployment benefits boost economic growth? And does Australia need stronger emissions targets post 2020? With Liberal MP Andrew Laming.

Tony Abbott 'going to shirt-front Mr Putin'

PM vows strong words with Russian President Vladimir Putin over the MH17 incident during the upcoming G20 summit in Brisbane.

Putin welcome at G20 says Liberal MP

Russia should be considered innocent of involvement in MH17 until proved otherwise says Andrew Laming, dismissing calls to ban Vladimir Putin from the G20 summit.

Police will be 'everywhere' at G20

Police are "very well prepared" for the G20 finance ministers meeting in Cairns. Nine News

MH17 victims' son wants Putin at G20

Paul Guard says G20 should be a stage for world leaders to talk to Vladimir Putin and urge him to "stop the conflict".

BRISBANE G20

  • The River City plays host to world leaders