G20 finance ministers gathered Saturday to brainstorm ways to adapt global finance to an age of trade turmoil and digital disruptions. Bank of England Governor Mark Carney talks with Chancellor of the Exchequer Philip Hammond (Kim Kyung-hoon/Pool/AP)But Mr Mnuchin acknowledged that growth has been slowing in Europe, China and other regions. Mr Mnuchin said he disagreed with details of some of the proposals but not with the need for action. “Everyone, we are now facing a turning point,” Japanese finance minister Taro Aso told the group. France and Britain have already enacted stop-gap tax systems for digital businesses, but they are not adequate, said French finance minister Bruno Le Maire.

Source: Irish Examiner June 08, 2019 10:07 UTC