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India's success at the G20 Summit, PwC's decision to curtail consulting work for US audit clients, Venezuela's potential detente with Washington and the rally of Venezuelan government bonds, Australia's biggest pension fund investing in digital infrastructure.
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Quick takeaways
- India's success in gaining admission for the African Union as a full G20 member demonstrates the positive step towards multilateralism at the G20 summit.
- PwC's decision to curtail consulting work for US audit clients highlights the growing intolerance of conflicts of interest and concerns about the reputation of the profession.
Deep dives
G20 Summit: Friction over Ukraine and Admission of African Union
At the G20 Summit, the leaders' declaration saw watered-down language regarding the war in Ukraine to appease Russia and China. The African Union was admitted as a full G20 member, a concrete outcome proposed by Indian Prime Minister Narendra Modi. This moment signaled a positive step for multilateralism, which has been strained in recent years.
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