FT News Briefing India shines at G20 summit
6 snips
Sep 11, 2023 This installment highlights India's triumph at the G20 summit, showcasing its rising global influence. It discusses PwC's strategic retreat from U.S. consulting to avoid conflicts and the recent rally of Venezuelan bonds as hopes for U.S.-Venezuela diplomatic thaw grow. The complexities of potential negotiations over fair elections in Venezuela are examined, alongside the country's oil prospects and Australia's push into digital infrastructure investments. Plus, major shifts in sports governance make headlines with a scandal-driven resignation.
AI Snips
Chapters
Transcript
Episode notes
G20 Alliance Fraying
- The G20 summit in India revealed a weakening alliance between the world's largest economies.
- The summit's joint declaration was significantly watered down due to disagreements, especially regarding the war in Ukraine.
India's G20 Win
- Indian Prime Minister Narendra Modi leveraged the G20 summit to boost India's image.
- India positioned itself as a voice of the Global South, potentially influencing the upcoming elections.
PwC Reduces Conflicts
- PwC is dropping millions in consulting work for US audit clients to mitigate conflicts of interest.
- Other Big Four firms might face pressure to follow suit, impacting their revenue.