EconomyPolicy

G20 Finance Chiefs Issue Chair Summary Emphasizing Economic Resilience and Reform Needs

The G20 Finance Ministers and Central Bank Governors have concluded their Washington meeting with a Chair Summary instead of a formal communique. The document underscores global economic resilience while pointing to significant ongoing challenges. Members emphasized the need for multilateral coordination and development bank reforms.

G20 Meeting Concludes With Chair Summary on Global Economic Outlook

The G20 Finance Ministers and Central Bank Governors have wrapped up their fourth meeting under the South African Presidency in Washington, according to reports from Reuters. Instead of issuing a formal communique, the group released a Chair Summary, which has become common when participants cannot reach full consensus.

CybersecurityPolicy

UK Government Reportedly Considered Destroying Chinese-Linked Data Center Over Security Concerns

The UK government reportedly considered destroying a London data center with Chinese ownership links over security concerns. According to Bloomberg, ministers proposed the extreme measure after the facility storing sensitive government information was acquired by a China-aligned entity.

UK Security Officials Reportedly Proposed Drastic Measures

The UK government under the former Conservative administration reportedly considered destroying a data center in London after it was acquired by an entity with links to China, according to a Bloomberg investigation. Sources indicate that ministers “briefly proposed a plan to destroy the data center before it was made secure in a different way,” though what exactly “destroy” meant in this context remains unspecified.