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Egypt’s annual inflation rate has hit a new record high in August, as the cash-strapped country continues to battle price hikes and a depreciating currency

New Delhi G20 declaration is a «major step forward in this effort», a senior US official said on Sunday. Principal Deputy National Security Advisor of the White House Jon Finer told the media on board Air Force One that the joint statement issued yesterday builds on the Bali G20 declaration and UN resolutions to send «an unprecedented unified statement on the imperative that Russia refrains from using force for territorial acquisition» and abide by UN charter. «The G20 Countries have signed up to the Bali language (declaration) last year and the vast majority of G20 countries have supported multiple UN resolutions that call out Russia's illegal aggression.

G20 Summit, which saw member nations soften their condemnation of Russia for its war in Ukraine. Unlike the 2022 Bali Declaration, the joint declaration in Delhi did not directly name and condemn Russia for its war in Ukraine. This approach has come in from criticism from some quarters.

Narendra Modi. PM Modi announced on Saturday that the leaders of G20 countries have reached a consensus on the New Delhi G20 Leaders Declaration.

Russia and the U.S. both praised a G20 summit declaration that stopped short of directly criticising Moscow for the war in Ukraine as the bloc's leaders headed into the final day of deliberations on Sunday. The world's biggest economies adopted a consensus declaration in New Delhi on Saturday that avoided condemning Russia for the war but highlighted the human suffering the conflict had caused and called on all states not to use force to grab territory. «Everything was reflected in a balanced form,» Svetlana Lukash, the Russian G20 sherpa, or government negotiator, was quoted as saying by Russian news agency Interfax. «All members of the G20 have agreed to act as one in the interests of peace, security and conflict resolution around the world.» White House national security adviser Jake Sullivan told reporters the declaration «does a very good job of standing up for the principle that states cannot use force to seek territorial acquisition or to violate the territorial integrity and sovereignty or political independence of other states». Germany and Britain have also praised the resolution but Ukraine has said «it was nothing to be proud of».CATCH ALL LIVE UPDATES OF G20 SUMMIT HERE In the weeks leading to the summit, sharply differing views on the war had threatened to derail the meeting, with the West demanding members call out Moscow for the invasion and Russia saying it would block any resolution that did not reflect its position. The summit also admitted the African Union which includes 55 member states, as a permanent member of the G20. On Sunday, the leaders, including U.S.

Vietnam plan to elevate their relations as U.S. President Joe Biden visits the country from Sunday, with officials saying the focus of the talks will be semiconductors and critical minerals. The U.S.

Hindustan Times, citing media reports, India circulated the final draft to the G20 members on Friday night, saying if the group leaders did not agree to it, there would be no declaration. Speaking about the declaration, Amitabh Kant said that the most complex part of the entire G20 Summit was to bring consensus on the geopolitical paras which took more than 200 hours of non-stop negotiations. “The most complex part of the entire #G20 was to bring consensus on the geopolitical paras (Russia-Ukraine).

G20 summit declaration, which refrained from explicitly condemning Moscow for its actions in the Ukraine conflict. Russia expressed the view that the leaders of the G20 acted in the spirit of conflict resolution as discussions continued on Sunday, Reuters reported.

Lula da Silva said on Saturday that Russian leader Vladimir Putin would not be arrested in Brazil if he attends the Group of 20 meeting in Rio de Janeiro next year. Interviewed on the sidelines of the G20 meeting in Delhi by news show Firstpost, Lula said Putin would be invited to next year's event, adding that he himself planned to attend a BRICS bloc of developing nations meeting due in Russia before the Rio meeting. «I believe that Putin can go easily to Brazil,» Lula said. «What I can say to you is that if I'm president of Brazil, and he comes to Brazil, there's no way he will be arrested.» The International Criminal Court issued an arrest warrant against Putin in March, accusing him of the war crime of illegally deporting hundreds of children from Ukraine.

Congress leader Shashi Tharoor on Sunday hailed India's G20 Sherpa Amitabh Kant for the 'Delhi Declaration' consensus, and said it was a «proud moment for India at G20». Tagging Kant's remarks in an interview on how the consensus was achieved on the paragraphs on Russia-Ukraine, Tharoor said in a post on X, «Well done @amitabhk87!Looks like the IFS lost an ace diplomat when you opted for the IAS!» "'Negotiated with Russia, China, only last night got final draft,' says India's G20 Sherpa on 'Delhi Declaration' consensus.

India's strong leadership made it possible for G20 leaders to reach consensus in intense discussions on a summit message urging nations to shun use of force in territorial disputes, a senior European Union official said on Sunday. For weeks before the New Delhi meeting, the bloc struggled to agree on a reference to the Ukraine conflict, with the West pressing for Moscow to be called out for its invasion, while Russia vowed to block any resolution not reflecting its views. "(The) Indian presidency has been very strong and after intense negotiations, the unanimous outcome was quite productive," said the official, who was aware of the G20 talks, but sought anonymity. «Without India's leadership it would not have been possible,» he added, referring to the summit declaration. The declaration adopted by the Group of 20 on Saturday, when it began the two-day summit, avoided condemning Russia for the war in Ukraine but urged all states not to use force to grab territory. The bloc's leaders also called for implementation of the Black Sea initiative for the safe flow of grain, food and fertiliser from Ukraine and Russia. The EU official, however, said there was not a single word on the Black Sea grain deal from Russia, which finds itself more isolated after the summit. «Russia should have participated, with President Putin sitting down at the table and listening to the criticism from European and global leaders,» the official said, adding, «But he has chosen not to come and participate.» The official said, «The European Union leadership made the points very strongly during the session.

Joe Biden on Saturday said that this year's G20 summit has proved that the group can still drive solutions to the most pressing issues of the climate crisis, fragility, and conflict. Taking to X, US President said, «At a moment when the global economy is suffering from the overlapping shocks of the climate crisis, fragility, and conflict, this year's Summit proved that the G20 can still drive solutions to our most pressing issues.»India is hosting the G20 Summit this year in New Delhi on September 9-10. On September 9, the Delhi Declaration was adopted. It called on nations to uphold international law, including territorial integrity, international humanitarian law and the multilateral system that safeguards peace and stability. The declaration envisages a green development pact for a sustainable future, it endorses high level principles on lifestyle for sustainable development, voluntary principles of hydrogen, the Chennai principles for a sustainable resilient blue economy and the Deccan principles on food security and nutrition among others

Russia launched an air attack on Kyiv early on Sunday, with blasts ringing out across the Ukrainian capital and its region for almost two hours and drone debris falling on several of the city's central districts, Ukrainian officials said. Ukraine's Land Forces said that the country's air defence systems destroyed 25 out of 32 Russia-launched Iran-made Shahed drones, most of which targeted Kyiv and the Kyiv region. Reuters witnesses heard at least five blasts across Kyiv, and Ukrainian media footage showed a number of cars damaged. «Drones came onto the capital in groups and from different directions,» Serhiy Popko, head of Kyiv's city military administration, said on the Telegram messaging app.Kyiv Mayor Vitali Klitschko said that one person was injured in the historic Podil neighbourhood and a fire broke out near one of the city's parks. Debris from downed drones fell on the Darnytskyi, Solomianskyi, Shevchenkivskyi, Sviatoshynskyi and Podil districts, Klitschko and the city's military administration said. In the Shevchenkivskyi district, drone debris sparked a fire in an apartment, which was quickly extinguished. There were no immediate reports of injuries, Popko said on the Telegram messaging app. There was no immediate comment from Russia about the attacks.

Russia needs to replenish its supplies of ammunition for what could be a long war of attrition. Along with ramping up its domestic arms production, Moscow is turning to an old ally with a vast arsenal — North Korea. Estimates say the reclusive and isolated Asian country has tens of millions of artillery shells and rockets that could give a huge boost to the Russian army. United States officials expect North Korean leader Kim Jong Un to visit Russia in the coming days to seal a possible deal on munitions transfer with President Vladimir Putin.

G20 summit being held under India’s presidency in New Delhi, the G20 summit now heads to day 2 of the world leader’s conclave. Day 2 of the G20 summit started with the leaders visiting Delhi’s Raj Ghat to lay wreaths at the Samadhi of the father of the nation Mahatma Gandhi. A musical tribute featuring favourite hymns of Mahatma Gandhi was also played at the wreath laying function.CATCH ALL LIVE UPDATES OF G20 SUMMIT HERE The leaders will head for the Bharat Mandapam where a Tree planting ceremony will take place at the South Plaza. This will be followed by the the third session of the G20 summit 'One Future' which will be held at Bharat Mandapam. A G20 exhibition for spouses of World leaders is also scheduled for the 2nd day of the summit.

G20 leaders are paying their respects at a memorial site dedicated to Indian independence leader Mahatma Gandhi on the final day of this year's summit

President Joe Biden heads to a Vietnam that’s looking to dramatically ramp up trade with the United States

G20 declaration that was adopted at the Leaders' Summit here, India's G20 Sherpa Amitabh Kant said on Sunday. The team of diplomats, including joint secretaries Eenam Gambhir and K Nagraj Naidu, held 300 bilateral meetings and circulated 15 drafts with their counterparts on the contentious Ukraine conflict to drive home a consensus that was clinched on the first day of the G20 Leaders Summit itself. «The most complex part of the entire G20 was to bring consensus on the geopolitical paras (Russia-Ukraine).

global cues, Sensex and Nifty gained nearly 2% last week with all sectors participating in the broad-based rally which was backed by strong economic outlook and macroeconomic data such as robust GDP and PMI figures. Nifty is now just 172 points away from the all-time high of 19,992, made on July 20 and analysts are now eyeing 20,000 level this week itself. «In the broad market, mid- and small-cap stocks attracted strong buying interest, even though their valuations were relatively high. Moreover, heightened order inflows made sectors like infrastructure and realty particularly attractive to investors during the week,» said Vinod Nair, Head of Research at Geojit Financial services. Here are top 5 factors that may sway the market mood in the week:

Crude oil prices clocked at a ten-month high last week, driven by worries about supply shortages after an unexpected extension of voluntary supply cuts by Saudi Arabia and Russia. Hopes of a delay in further rate hikes by the US Federal Reserve and positive fuel demand from China aided the demand outlook. The most active US WTI crude tested $88 a barrel level, while the Asian benchmark Brent crude pushed above $90 a barrel, for the first time since November last year. A similar move was witnessed in the domestic futures market as well. In April, the key oil-producing countries including Russia, commonly known as OPEC Plus, announced a combined production cut, proposed to extend till 2024 aimed at supporting market stability. However, Saudi Arabia and Russia voluntarily introduced additional reductions in production on top of the broader deal by the OPEC plus countries. Saudi announced a reduction of 1 million barrels of oil per day from July while Russia started cutting down daily production by 300,000 barrels per day. There were expectations in the market that both countries would extend the supply cut into October, but they surprised the market by extending the program till the end of December. Both countries also informed that the plan would be reviewed monthly and adjusted according to market conditions. This has raised worries that demand will exceed supply in the coming quarter sending prices to multi-month highs.

India secured a consensus on the G20 declaration, defying concerns over sharp divisions among member nations regarding the Ukraine conflict. This achievement was the result of a series of rigorous negotiations involving India, China, Russia, and other Western nations, with the backing of Brazil, South Africa, and Indonesia, a PTI report stated quoting sources. Prime Minister Narendra Modi, on the first day of the summit, surprised many by announcing the adoption of the G20 leaders' declaration with unanimous agreement.